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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,021 $ 1,921
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 401 471
Provision for credit losses 100
Income on bank owned life insurance (14) (5)
Net gain on sale of mortgage loans (4) (6)
Net gain on sale or disposal of premises and equipment (129)
Gain on sale of other real estate owned (27)
Loans originated for sale (81) (337)
Proceeds from sales of loans originated for sale 85 243
Adjustment of carrying value of other real estate owned 137
Net amortization/accretion of bond premiums/discounts 74 134
Deferred tax (benefit) expense (2) 511
Net change in:    
Accrued interest receivable 137 25
Other assets (575) (185)
Accrued interest payable 223 (18)
Accrued expenses and other liabilities (766) 262
Net cash provided by operating activities 1,370 3,226
CASH FLOWS FROM INVESTING ACTIVITIES    
Net increase in loans (5,886) (1,156)
Purchase of securities available-for-sale (10,677)
Proceeds from repayments and maturities of securities available-for-sale 1,986 4,189
Net redemption (purchase) of equity securities (restricted) 10 (32)
Payments for the purchase of premises and equipment (271) (29)
Proceeds from sale of premises and equipment 804
Proceeds from sales of other real estate owned 138
Net cash used in investing activities (3,357) (7,567)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in noninterest bearing deposits 4,650 17,994
Net change in interest bearing deposits 11,460 5,461
Dividends paid (1,430) (1,196)
Repurchase of common stock (46)
Net cash provided by financing activities 14,634 22,259
Net increase in cash and cash equivalents 12,647 17,918
Cash and cash equivalents, beginning of the period 61,686 60,946
Cash and cash equivalents, end of the period 74,333 78,864
Supplemental Disclosure of cash paid during the period for:    
Interest 1,231 554
Taxes 1,225
Supplemental Disclosure of Non-cash Transactions:    
Loans made to finance sale of other real estate owned 308
Change in unrealized losses on securities available for sale, net $ 2,706 $ (6,892)