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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 7,801 $ 7,557
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 724 722
Investment amortization, net 415 678
Provision for loan losses 427 551
Provision for real estate owned 87
Stock-based compensation expense 274 308
Income on bank owned life insurance, net (157) (177)
Gain on sale of fixed assets (36) (84)
Net change in operating assets and liabilities:    
Accrued interest receivable 62 209
Other assets (366) (1,788)
Accrued interest payable (129) (64)
Other liabilities (397) 832
Net cash provided by operating activities 8,618 8,831
Activity for investment securities available for sale:    
Purchases (27,225) (37,013)
Maturities/calls and principal repayments 5,756 14,565
Activity for investment securities held to maturity:    
Net increase in loans (19,602) (30,489)
Redemption of BOLI policies 429
Proceeds from sale of fixed assets 49 87
Purchase of fixed assets (335) (726)
Purchase of other investments, at cost (142)
Redemption of other investments, at cost 500 2,026
Net cash used in investing activities (40,999) (51,121)
Cash flows from financing activities:    
Net increase in deposits 52,060 69,902
Repurchase of common stock (3,946)
Cash received upon exercise of stock options 580 845
Dividends paid on common stock (1,347) (1,037)
Dividends paid on preferred stock (77) (60)
Net cash provided by financing activities 51,216 65,704
Net change in cash and cash equivalents 18,835 23,414
Cash and cash equivalents, beginning of period 124,101 63,025
Cash and cash equivalents, end of period 142,936 86,439
Cash paid during the year for:    
Interest on deposits and other borrowings 1,283 2,730
Income taxes $ 3,380 $ 3,072