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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,184 $ 8,082
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,614 1,741
Provision for credit losses 649 625
(Income) loss on bank owned life insurance (40) 136
Gain on sale of mortgage loans (4) (29)
(Gain) loss on sale or disposal of premises and equipment (46) 201
Loss (gain) on sale of foreclosed real estate and repossessed assets 96 (70)
Loans originated for sale (81) (1,577)
Proceeds from sales of loans originated for sale 85 1,606
Adjustment of carrying value of foreclosed real estate and repossessed assets 197
Net amortization/accretion of bond premiums/discounts 298 474
Deferred tax (benefit) expense (390) 540
Net change in:    
Interest receivable (474) (443)
Other assets (667) 26
Accrued interest payable 920 254
Accrued expenses and other liabilities (1,743) 2,068
Net cash provided by operating activities 7,401 13,831
CASH FLOWS FROM INVESTING ACTIVITIES    
Net (increase) decrease in loans (53,725) 9,209
Purchase of securities available-for-sale (500) (19,790)
Proceeds from repayments and maturities of securities available-for-sale 9,369 13,980
Net purchase of equity securities (restricted) (625) (27)
Payments for the purchase of premises and equipment (1,475) (548)
Proceeds from sale of premises and equipment 932
Proceeds from insurance claims on other real estate owned or premises 51
Proceeds from sales of other real estate owned 132 207
Net cash (used in) provided by investing activities (45,892) 3,082
CASH FLOWS FROM FINANCING ACTIVIES    
Increase in short-term borrowings 10,000
Net change in long-term debt 9,690
Net change in noninterest bearing deposits (16,046) (1,333)
Net change in interest bearing deposits 39,806 (13,473)
Dividends paid (1,431) (1,196)
Repurchase of common stock (237) (171)
Net cash provided by (used in) financing activities 41,782 (16,173)
Net increase in cash and cash equivalents 3,291 740
Cash and cash equivalents, beginning of the year 61,686 60,946
Cash and cash equivalents, end of the year 64,977 61,686
Supplemental Disclosure of Cash Paid During the Year for:    
Interest 8,195 2,851
Taxes 3,705 650
Supplemental Disclosure of Non-Cash Transactions:    
Right-of-use assets obtained in exchange for new operating lease liabilities 451
Transfer of loans to other real estate owned 124
Loans made to finance sale of foreclosed real estate 711
Change in unrealized losses on securities available for sale $ 2,896 $ (16,617)