XML 20 R9.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Cash Flows from Operating Activities          
Net income     $ 4,521 $ 5,248  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     809 967  
Provision for loan losses $ 345   1,606 255 $ 346
(Gain) loss on interest rate swaps     (3) 8  
Gain on sales of securities available for sale       (79)  
Amortization of security premiums, net     377 330  
Amortization of unearned compensation, net of forfeiture     22 190  
Issuance of vested restricted stock     108 95  
Bank-owned life insurance income (90) $ (92) (270) (275)  
Originations of mortgage loans held for sale     (2,761) (2,362)  
Proceeds from mortgage loans held for sale     2,833 864  
Gain on mortgage loans held for sale (15) 3 (60) (2)  
Changes in assets and liabilities:          
Increase in other assets     (678) (4,998)  
Increase (decrease) in other liabilities     (993) 4,916  
Net cash provided by operating activities     5,511 5,157  
Cash Flows from Investing Activities          
Proceeds from sales, maturities, calls and principal payments of securities available for sale     10,500 19,934  
Purchase of securities available for sale     (12,966) (17,990)  
Purchase of premises and equipment     (107) (500)  
(Purchase) redemption of restricted investments, net     181 (331)  
Loan originations, net     (87,953) 4,270  
Net cash provided by (used in) investing activities     (90,345) 5,383  
Cash Flows from Financing Activities          
Increase (decrease) in noninterest-bearing checking, interest-bearing checking, savings and money market accounts     119,965 (29,926)  
Increase (decrease) in time deposits     (2,286) 8,288  
Increase (decrease) in Federal Home Loan Bank advances     (4,066) 5,937  
Cash dividends paid on common stock     (1,423) (1,364)  
Repurchase of common stock     (24) (21)  
Net cash provided by (used in) financing activities     112,166 (17,086)  
Increase (decrease) in cash and cash equivalents     27,332 (6,546)  
Cash and Cash Equivalents          
Beginning     46,341 67,110 67,110
Ending $ 73,673 $ 60,564 73,673 60,564 $ 46,341
Cash payments for:          
Interest     2,121 3,159  
Income taxes     785 640  
Supplemental Disclosures of Noncash Investing Activities          
Unrealized gain on securities available for sale, net of tax     2,147 2,266  
Unrealized loss on interest rate swap, net of tax     $ (348) $ (369)