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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 5,578 $ 5,635
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,198 1,203
Provision for credit losses 478 304
Income on bank owned life insurance (57) (44)
Gain on sale of mortgage loans (9) (4)
Net gain on sale of securities available-for-sale (4)
Gain on sale or disposal of premises and equipment (23) (117)
Gain on sale of other real estate owned (44)
Loans originated for sale (329) (81)
Proceeds from sales of loans originated for sale 338 85
Net amortization/accretion of bond premiums/discounts 165 225
Deferred tax benefit (261) (2)
Net change in:    
Accrued interest receivable (212) (194)
Other assets (532) (395)
Accrued interest payable 504 571
Accrued expenses and other liabilities 106 (852)
Net cash provided by operating activities 6,896 6,334
CASH FLOWS FROM INVESTING ACTIVITIES    
Net increase in loans (9,307) (41,706)
Purchase of securities available-for-sale (14,011) (500)
Proceeds from repayments and maturities of securities available-for-sale 8,214 7,501
Proceeds from sales of securities available-for-sale 2,134
Net purchase of equity securities (restricted) (38) (625)
Payments for the purchase of premises and equipment (1,687) (1,159)
Proceeds from sales of premises and equipment 1,188 809
Proceeds from sales of other real estate owned 164
Net cash used in investing activities (13,343) (35,680)
CASH FLOWS FROM FINANCING ACTIVITIES    
   Issuance of long-term debt 10,000
Net change in noninterest bearing deposits (2,126) (9,641)
Net change in interest-bearing deposits 49,223 21,756
Dividends paid (1,661) (1,431)
Repurchase of common stock (239) (147)
Net cash provided by financing activities 45,197 20,537
Net increase in cash and cash equivalents 38,750 (8,809)
Cash and cash equivalents, beginning of the period 64,977 61,686
Cash and cash equivalents, end of the period 103,727 52,877
Supplemental disclosure of cash paid during the period for:    
Interest 11,587 5,446
Taxes 1,550 2,925
Supplemental disclosure of non-cash transactions:    
      Transfer of loans to other real estate owned 1,023
Change in unrealized losses on securities available-for-sale $ 3,257 $ (1,398)