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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net income $ 10,661,000 $ 8,220,000 $ 3,846,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,240,000 1,052,000 938,000
Purchase accounting loan discount accretion (670,000) (1,233,000) (891,000)
Deferred income taxes 529,000 1,740,000 2,660,000
Provision for loan and lease losses 550,000 450,000 (350,000)
Gain on sale of loans (9,071,000) [1] (4,675,000) [1] (1,843,000)
Net securities losses (gains) (4,000) [1] 6,000 [1] 2,000
Change in fair value of mortgage servicing rights 258,000 [1] (26,000) [1] 31,000
Loss (gain) on sale or write-down of other real estate owned 40,000 59,000 (22,000)
Increase in cash surrender value of life insurance (390,000) (395,000) (397,000)
Net amortization of security premiums and discounts 921,000 792,000 848,000
Stock option expense 266,000 165,000 100,000
Deferred compensation expense 210,000 138,000 90,000
Proceeds from sale of loans held for sale 281,269,000 175,288,000 63,495,000
Originations of loans held for sale (279,986,000) (176,098,000) (59,430,000)
(Increase) decrease in other assets (1,259,000) (944,000) (519,000)
Increase (decrease) in other liabilities (941,000) 610,000 (2,698,000)
Net cash provided by operating activities 3,623,000 5,149,000 5,860,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from sales of available-for-sale securities 15,985,000 21,282,000 38,087,000
Proceeds from maturities of available-for-sale securities, including paydowns on mortgage-backed securities 26,724,000 16,056,000 16,591,000
Purchases of available-for-sale securities (54,014,000) (38,107,000) (33,627,000)
Net proceeds from certificates of deposits 1,494,000
Acquisition of Benchmark (3,413,000) (24,660,000)
Proceeds from sale of other real estate owned 68,000 62,000 823,000
Net increase in loans and leases (14,086,000) (53,797,000) (34,311,000)
Bank owned life insurance premium (80,000)
Purchases of premises and equipment (753,000) (525,000) (4,182,000)
Net cash used in investing activities (26,076,000) (58,442,000) (39,865,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposits 40,969,000 35,883,000 10,405,000
Proceeds from other borrowings 30,693,000 57,148,000
Principal payments on other borrowings (6,693,000) (22,398,000) (18,774,000)
Purchase of treasury stock (95,000)
Proceeds from sale of treasury shares 71,000 39,000 27,000
Payments of deferred compensation (160,000) (155,000) (144,000)
Cash dividends paid (1,702,000) (1,568,000) (1,569,000)
Net cash provided by financing activities 32,390,000 42,494,000 47,093,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 9,937,000 (10,799,000) 13,088,000
Cash at beginning of the year 16,475,000 27,274,000 14,186,000
Cash at end of the year 26,412,000 16,475,000 27,274,000
SUPPLEMENTAL CASH FLOW DISCLOSURES      
Interest 8,986,000 6,131,000 3,394,000
Federal income taxes 700,000 3,259,000 425,000
Change in deferred income taxes on net unrealized gain or loss on available-for-sale securities (1,233,000) 429,000 382,000
Non-cash investing activities:      
Transfer of loans to other real estate owned 70,000 241,000
Recognition of right-of-use lease asset (other assets) and lease liability (other liabilities) 2,112,000
Change in net unrealized gain or loss on available-for-sale securities $ 5,869,000 $ (2,045,000) $ 1,124,000
[1] Not within the scope of ASC 606