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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 5,093 $ 1,499
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,609 1,634
Provision for loan losses 372 2,000
Income on bank owned life insurance (25) (61)
Net gain on sale of securities available-for-sale (322) (4)
Gain on sale of mortgage loans (95) (144)
(Gain) Loss on sale of premises and equipment (149) 19
Loss on sale of repossessed assets 0 2
Gain on sale of other real estate owned (122) (52)
Loans originated for sale (5,494) (10,307)
Proceeds from sales of loans originated for sale 5,869 10,116
Adjustment to carrying value of premises transferred to other real estate owned 1,067 0
Adjustment of carrying value of other real estate owned 423 132
Adjustment of carrying value of repossessed assets 0 33
Amortization/accretion of bond premiums/discounts 336 318
Deferred tax expense 1,351 385
Net change in:    
Accrued interest receivable 250 (666)
Other assets (491) (314)
Accrued interest payable (146) (203)
Accrued expenses and other liabilities 212 741
Net Cash Provided by Operating Activities 9,738 5,128
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease (increase) in loans 41 (23,445)
Purchase of securities available-for-sale (77,168) (2,045)
Proceeds from sale of investment securities available-for-sale 7,686 1,025
Proceeds from repayments and maturities of securities available-for-sale 11,695 8,281
Net redemption (purchase) of equity securities (restricted) 555 (22)
Payments for the purchase of premises and equipment (2,217) (1,992)
Proceeds from sale of premises and equipment 1,203 1
Proceeds from sales of repossessed assets 0 73
Proceeds from insurance claims on other real estate owned 54 0
Proceeds from sales of other real estate owned 2,128 562
Net Cash Used in Investing Activities (56,023) (17,562)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in short term borrowings (5,000) 0
Net change in noninterest bearing deposits 31,718 44,589
Net change in interest bearing deposits 13,759 (4,394)
Net Cash Provided by Financing Activities 40,477 40,195
Net (decrease) increase in cash and cash equivalents (5,808) 27,761
Cash and Cash Equivalents, Beginning of the Period 92,350 50,147
Cash and Cash Equivalents, End of the Period 86,542 77,908
Supplemental Disclosure of Cash Paid During the Period for:    
Interest 2,275 4,104
Taxes 0 0
Supplemental Disclosure of Non-cash Transactions:    
Other real estate acquired in settlement of foreclosed loans 566 914
Loans made to finance sale of other real estate owned 0 428
Transfer of premises and equipment to other real estate 950 0
Change in unrealized gains on securities available for sale $ (951) $ 1,035