XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 5,830 $ 5,093
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,337 1,609
Provision for loan losses 400 372
Loss (income) on bank owned life insurance 83 (25)
Net gain on sale of securities available-for-sale (322)
Net gain on sale of mortgage loans (27) (95)
Loss (gain) on sale or disposal of premises and equipment 195 (149)
Gain on sale of other real estate owned (70) (122)
Loans originated for sale (1,503) (5,494)
Proceeds from sales of loans originated for sale 1,530 5,869
Adjustment to carrying value of premises transferred to other real estate owned 1,067
Adjustment of carrying value of other real estate owned 137 423
Net amortization/accretion of bond premiums/discounts 392 336
Deferred tax expense 540 1,351
Net change in:    
Accrued interest receivable (62) 250
Other assets (693) (491)
Accrued interest payable 83 (146)
Accrued expenses and other liabilities 1,136 212
Net Cash Provided by Operating Activities 9,308 9,738
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease in loans 14,039 41
Purchase of securities available-for-sale (19,790) (77,168)
Proceeds from sale of investment securities available-for-sale 7,686
Proceeds from repayments and maturities of securities available-for-sale 11,542 11,695
Net (purchase) redemption of equity securities (restricted) (964) 555
Payments for the purchase of premises and equipment (478) (2,217)
Proceeds from sale of premises and equipment 1,203
Proceeds from insurance claims on other real estate owned or premises 6 54
Proceeds from sales of other real estate owned 207 2,128
Net Cash Provided by (Used) in Investing Activities 4,562 (56,023)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in short term borrowings 25,000 (5,000)
Net change in noninterest bearing deposits 17,795 31,718
Net change in interest bearing deposits (1,394) 13,759
Dividends paid (1,196)
Repurchase of common stock (103)
Net Cash Provided by Financing Activities 40,102 40,477
Net increase (decrease) in cash and cash equivalents 53,972 (5,808)
Cash and Cash Equivalents, Beginning of the Period 60,946 92,350
Cash and Cash Equivalents, End of the Period 114,918 86,542
Supplemental Disclosure of Cash Paid During the Period for:    
Interest 1,979 2,275
Taxes 325
Supplemental Disclosure of Non-cash Transactions:    
Other real estate acquired in settlement of foreclosed loans 566
Loans made to finance sale of other real estate owned 711
Transfer of premises and equipment to other real estate 950
Change in unrealized losses on securities available for sale $ (16,369) $ (951)