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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 20,075 $ 18,912 $ 14,845
Adjustments to reconcile net income to net cash flows from operating activities-      
Depreciation, amortization and accretion 2,234 3,244 4,073
Provision for loan losses 2,014 207 923
Deferred income tax provision 134 419 228
Increase in cash surrender value of bank owned life insurance (1,124) (943) (738)
Bank owned life insurance death benefits in excess of cash surrender value (317) 0 0
Equity Securities, FV-NI, Gain (Loss) (675) (264) 73
Net gain on sales of securities (221) 41 8
Realized (gain) loss from sale of premises and equipment (53) (1) 575
Realized (gain) loss from sale and impairment of other real estate owned and repossessed assets (11) 44 14
Origination of mortgage loans for sale (65,890) (16,418) (8,924)
Realized gains from sales of loans (2,297) (328) (223)
Proceeds from sales of loans 67,467 16,590 9,033
Compensation expense related to restricted stock 137 134 107
Changes in:      
Accrued income receivable (4,573) 230 215
Other assets (6,795) (1,373) (1,811)
Other liabilities 3,573 1,474 1,344
TOTAL ADJUSTMENTS (6,397) 3,056 4,897
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES 13,678 21,968 19,742
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of equity securities 967 398 127
Proceeds from sales of debt securities available-for-sale 8,786 84,521 8,545
Proceeds from maturities and calls of debt securities:      
Available-for-sale 66,170 28,942 24,249
Held-to-maturity 5,297 10,766 6,281
Purchases of equity securities (369) (367) (1,118)
Purchases of debt securities:      
Available-for-sale (102,920) (47,270) 0
Held-to-maturity (2,582) (8,570) (3,431)
Increase (Decrease) in Time Deposits 0 996 9,354
Proceeds from Sale of Federal Reserve Bank Stock 0 1 0
Purchase of Federal Reserve Bank stock 0 0 (1,921)
Net increase in loans (54,196) (44,093) (65,842)
Purchase of bank owned life insurance 0 (12,000) 0
Proceeds from bank owned life insurance mortality benefits 958 0 0
Proceeds from sales of other real estate owned and repossessed assets 208 19 21
Purchases of premises and equipment (2,791) (3,934) (600)
Proceeds from sales of premises and equipment 421 5 651
Net cash received from acquisition of Columbus First Bancorp, Inc. 0 0 12,896
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES (80,051) 9,056 (10,788)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase (decrease) in deposits 107,143 47,361 (29,332)
Net decrease in short-term borrowings 0 (56,230) (770)
Proceeds from long-term debt 0 0 31,000
Principal payments on long-term debt (19,000) (6,055) (7,214)
Proceeds from issuance of common stock 54 76 65
Payments for Repurchase of Common Stock 1,872 6,834 348
Proceeds from exercise of stock options 114 41 72
Cash dividends paid on common stock (9,101) (8,658) (7,773)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES 77,338 (30,299) (14,300)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 10,965 725 (5,346)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 20,765 20,040 25,386
CASH AND CASH EQUIVALENTS AT END OF YEAR 31,730 20,765 20,040
CASH PAID DURING THE YEAR FOR:      
Interest 7,809 10,480 5,908
Income taxes 3,811 3,471 1,950
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING ACTIVITY:      
Transfer from loans to other real estate owned and repossessed assets 0 17 244
Payments to Acquire Federal Home Loan Bank Stock $ 0 $ (358) $ 0