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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net earnings $ 8,836 $ 7,980
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 1,429 1,720
Provision for (recovery of) credit losses (377) 599
Deferred income taxes (218) (238)
Loss on sale of investment securities net 0 (2,488)
Gain on sale of premises and equipment 0 (191)
Restricted stock expense 92 78
Proceeds from sales of mortgage loans held for sale 6,973 6,754
Origination of mortgage loans held for sale (7,575) (8,103)
Cash surrender value of life insurance 231 209
Change in:    
Right of use lease asset 357 403
Other assets 961 595
Lease liability (345) (385)
Other liabilities 425 1,386
Net cash provided by operating activities 10,327 12,877
Cash flows from investing activities:    
Purchases of investment securities available for sale (13,729) (6,992)
Proceeds from sales, calls and maturities of investment securities available for sale 3,000 52,023
Proceeds from paydowns of investment securities available for sale 8,160 8,206
Proceeds from paydowns of other investment securities 128 75
Redemption (purchase) of FHLB stock (10) 2
Net change in loans (18,254) (25,219)
Purchases of premises and equipment (215) (953)
Proceeds from sale of premises and equipment 0 1,460
Net cash provided (used) by investing activities 20,920 28,602
Cash flows from financing activities:    
Net change in deposits (83,911) (65,691)
Net change in securities sold under agreement to repurchase 67,891 45,484
Proceeds from Fed Funds Purchased 0 43,275
Repayments of Fed Funds Purchased 0 43,275
Common stock repurchased (1,998) (833)
Cash dividends paid on common stock (2,969) (2,994)
Net cash provided (used) by financing activities 11,053 (24,034)
Net change in cash and cash equivalents 460 17,445
Cash and cash equivalents at beginning of period 82,375 71,596
Cash and cash equivalents at end of period 82,835 89,041
Supplemental disclosures of cash flow information    
Interest 14,607 5,948
Income taxes 1,837 1,498
Noncash investing and financing activities:    
Change in unrealized gain (loss) on investment securities available for sale, net (624) 3,854
Restricted stock units exercised 51 6
Initial recognition of lease right-of-use asset and lease liability 0 348
Allowance for credit losses recorded upon adoption of ASU 326, net of tax $ 0 $ (838)