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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 10,141 $ 10,530
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization, and accretion 1,500 989
Provision (credit) for loan losses 426 (67)
Deferred income tax provision 24 356
Increase in cash surrender value of bank owned life insurance (534) (536)
(Gain) loss from equity securities 304 (90)
Realized gain from sales of premises and equipment (15) (5)
Impairment of Long-Lived Assets to be Disposed of 140 0
Gains (Losses) on Sales of Other Real Estate (889) 0
Origination of mortgage loans for sale (8,468) (7,591)
Realized gains from sales of loans (188) (194)
Proceeds from sales of mortgage loans 8,563 7,690
Compensation expense related to restricted stock 304 145
Changes in:    
Accrued interest receivable 551 (58)
Other assets 3,400 (180)
Other liabilities (3,929) (3,431)
TOTAL ADJUSTMENTS 1,189 (2,972)
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES 11,330 7,558
CASH FLOWS FROM INVESTING ACTIVITIES:    
Available-for-sale 13,679 16,592
Held-to-maturity 1,211 1,508
Purchases of equity securities (8) (9)
Available-for-sale (32,789) (121,604)
Held-to-maturity (755) (940)
Net increase in loans (4,391) (16,855)
Purchases of premises and equipment (283) (930)
Proceeds from sale of premises and equipment 32 5
NET CASH FLOWS USED IN INVESTING ACTIVITIES (21,699) (122,233)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 30,006 121,922
Net increase in short-term borrowings 5,000 0
Proceeds from Issuance of Other Long-Term Debt 15,000 0
Principal payments on long-term debt 0 (7,000)
Proceeds from issuance of common stock 201 16
Repurchase of common stock (21,600) (4,403)
Proceeds from exercise of stock options 0 4
Cash dividends paid on common stock (4,559) (4,685)
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 24,048 105,854
NET CHANGE IN CASH AND CASH EQUIVALENTS 13,679 (8,821)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 18,136 31,730
CASH AND CASH EQUIVALENTS AT END OF PERIOD 31,815 22,909
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 1,930 2,365
Income Taxes Paid, Net 1,332 2,290
Transfer from loans to other real estate owned 716 0
Right-of-use assets obtained in exchange for new operating lease liabilities 0 801
Proceeds from sale of other real estate owned $ 1,605 $ 0