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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 $ 3,844 $ 3,248
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 916 1,109
Provision for loan losses 175 372
Income on bank owned life insurance (12) (20)
Net gain on sale of securities available-for-sale
Gain on sale of mortgage loans (20) (80)
Loss on sale or disposal of premises and equipment 40
(Gain) loss on sale of other real estate owned (25) 16
Loans originated for sale (1,134) (4,856)
Proceeds from sales of loans originated for sale 1,092 5,325
Adjustment of carrying value of other real estate owned 137 28
Adjustment of carrying value of repossessed assets
Net amortization/accretion of bond premiums/discounts 276 199
Deferred tax expense 644 876
Net change in:    
Accrued interest receivable (127) 133
Other assets (1,426) (1,835)
Accrued interest payable 61 (127)
Accrued expenses and other liabilities 409 511
Net Cash Provided by Operating Activities 4,810 4,939
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease (increase) in loans 8,730 (17,728)
Purchase of securities available-for-sale (14,861) (55,853)
Proceeds from repayments and maturities of securities available-for-sale 8,571 7,445
Net (purchase) redemption of equity securities (restricted) (2,277) 585
Payments for the purchase of premises and equipment (392) (1,921)
Proceeds from sales of other real estate owned 207 1,485
Net Cash Used in Investing Activities (22) (65,987)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in short term borrowings 60,000 (5,000)
Net change in noninterest bearing deposits 8,734 31,542
Net change in interest bearing deposits (9,183) 11,813
Dividends paid (1,196)
Repurchase of common stock (38)
Net Cash Provided by Financing Activities 58,317 38,355
Net increase (decrease) in cash and cash equivalents 63,105 (22,693)
Cash and Cash Equivalents, Beginning of the Period 60,946 92,350
Cash and Cash Equivalents, End of the Period 124,051 69,657
Supplemental Disclosure of Cash Paid During the Period for:    
Interest 1,091 1,630
Taxes 325
Supplemental Disclosure of Non-cash Transactions:    
Other real estate acquired in settlement of foreclosed loans 513
Loans made to finance sale of other real estate owned 711
Change in unrealized losses on securities available for sale $ (12,756) $ (584)