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Condensed 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 $ 1,854 $ 9,620 $ 7,494
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 1,437 1,275 1,173
Amortization of premiums and accretion of discounts on investment securities, net 2,777 3,247 6,629
Stock compensation expense 138 157 161
Provision for credit losses 669 124 1,409
Loss (gain) on sale of securities 1,986 0 (1,378)
Gain from death benefit proceeds on BOLI 0 (192) (357)
(Gain) loss on sale of fixed assets (279) (322) 13
Impairment loss on fixed assets 0 208 0
Net gain on sale of other real estate owned 0 (27) (323)
Deferred income tax expense (362) 401 566
Writedown on other real estate owned 0 42 914
(Increase) decrease in accrued interest receivable (366) (694) 1,812
Increase in cash surrender value life insurance (560) (665) (670)
Increase (decrease) in accrued interest payable 511 403 (194)
Increase (decrease) in deferred compensation liability 61 325 (122)
Net change in other operating assets and liabilities (2,343) (142) 364
Net cash provided by operating activities 5,523 13,760 17,491
Cash flows from investing activities      
Proceeds from calls, paydowns and maturities of securities available-for-sale 11,332 39,399 150,879
Proceeds from calls, paydowns and maturities of securities held-to-maturity 21,377 8,371 0
Proceeds from sales of securities available-for-sale 14,748 0 500,685
Purchases of investment securities available-for-sale 0 (122,120) (631,131)
Proceeds from sale of FHLB stock 0 0 4,447
Death benefit proceeds from bank-owned life insurance 0 812 1,162
Purchases of bank premises, furniture, fixtures and equipment (718) (2,642) (2,599)
Proceeds from sales of bank premises, furniture, fixtures and equipment 207 546 492
Proceeds from sale of other real estate owned 324 1,331 3,257
Purchases of FHLB stock (317) (880) (4,103)
Net change in loans (56,739) (13,166) 75,527
Net cash (used in) provided by investing activities (9,786) (88,349) 98,616
Cash flows from financing activities      
Net change in deposits 43,675 14,510 16,703
Net increase (decrease) in securities sold under agreement to repurchase 30,512 14,814 (83,512)
Proceeds from borrowings on secured line of credit 0 0 18,000
Dividends paid to shareholders (4,042) (5,377) (5,370)
Net decrease in FHLB advances 0 0 (25,000)
Net cash provided by (used in) financing activities 70,145 23,947 (79,179)
Net increase (decrease) in cash and due from banks 65,882 (50,642) 36,928
Cash and cash equivalents, beginning of year 28,594 79,236 42,308
Cash and cash equivalents, end of year 94,476 28,594 79,236
Supplemental disclosures of cash flow information      
Interest 18,895 4,388 5,209
Income taxes 1,950 1,490 515
Noncash disclosures      
Real estate acquired by foreclosure $ 286 $ 49 $ 3,250