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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 7,316 $ 13,449 $ 13,101
Adjustments to reconcile net income to cash provided by operating activities:      
Provision (credit) for credit losses (395) (195) (181)
Depreciation 727 711 780
Stock-based compensation 464 289 318
Deferred taxes 46 250 (505)
Net (accretion) amortization of discounts and premiums on investment securities (28) (76) 63
(Gains) losses on:      
Sale of repossessed assets, net (123) (116) 0
Sale of loans, net (171) (257) (475)
Loss on abandonment of premises and equipment 42 0 0
Sale of assets, net 0 0 4
Loans originated for sale (22,434) (22,069) (41,077)
Proceeds from sales of loans held for sale 22,592 21,331 41,552
Proceeds from principal paydowns on loans held for sale 3,796 3,370 7,346
Change in fair value of equity securities (157) 23 (99)
Changes in:      
Other assets 9,983 (9,196) 439
Other liabilities 3,753 (1,778) 1,093
Servicing assets, net 175 120 (139)
Net cash provided by (used in) operating activities 25,586 5,856 22,220
Cash flows from investing activities:      
Principal pay downs and maturities of available-for-sale securities 21,105 32,236 3,894
Purchase of available-for-sale securities (9,964) (40,360) (6,250)
Principal pay downs and maturities of held-to-maturity securities 417 255 1,743
Loan originations and principal collections, net (17,275) (65,078) (41,596)
Purchase of restricted stock, net (332) (92) 192
Purchase of premises and equipment (482) (239) (206)
Proceeds from sale of other assets acquired through foreclosure 2,967 384 0
Net cash provided by (used in) investing activities (3,564) (72,894) (42,223)
Cash flows from financing activities:      
Net (decrease) increase in deposits (22,146) (75,047) 183,946
Proceeds from FHLB advances 30,000 45,000 0
Repayments of FHLB advances (30,000) (45,000) (15,000)
Proceeds from other borrowings 20,000 0 0
Repayments of other borrowings (10,000) 0 0
Exercise of stock options 456 974 1,204
Cash dividends paid on common stock (2,824) (2,574) (2,312)
Net cash (used in) provided by financing activities (14,514) (76,647) 167,838
Net increase (decrease) in cash and cash equivalents 7,508 (143,685) 147,835
Cash and cash equivalents at beginning of year 64,690 208,375 60,540
Cash and cash equivalents at end of year 72,198 64,690 208,375
Cash paid during the period for:      
Interest 12,886 3,260 3,880
Income taxes 4,066 4,957 5,802
Non-cash investing and financing activity:      
Transfers from loans held for investment to loans held for sale 735 0 0
Transfers from loans held for sale to loans held for investment 1,337 0 0
Transfers from loans held for investment to other assets acquired through foreclosure, net $ 1,576 $ 0 $ 136