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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 7,443 $ 7,018  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Net Amortization on Securities Available for Sale 580 668  
Net (Gain) Loss on Sales of Securities Available for Sale (3) 5  
Provision for Loan Losses 2,100 600  
Depreciation and Amortization of Premises and Equipment 187 210  
Amortization of Other Intangible Assets 48 48  
Amortization of Subordinated Debt Issuance Costs 26 26  
Stock-based Compensation 401 175  
Changes in Operating Assets and Liabilities:      
Accrued Interest Receivable and Other Assets (5,207) 1,574  
Accrued Interest Payable and Other Liabilities (7,736) (665)  
Net Cash Provided by (Used for) Operating Activities (2,161) 9,659  
CASH FLOWS FROM INVESTING ACTIVITIES      
(Increase) Decrease in Bank-owned Certificates of Deposit (241) 357  
Proceeds from Sales of Securities Available for Sale 2,102 8,150  
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale 10,545 4,761  
Purchases of Securities Available for Sale (23,902) (5,867)  
Net Increase in Loans (91,130) (58,446)  
Net (Increase) Decrease in FHLB Stock (3,193) 290  
Purchases of Premises and Equipment (7,830) (2,833)  
Proceeds from Sales of Foreclosed Assets 134    
Net Cash Used in Investing Activities (113,515) (53,588)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Increase in Deposits 76,817 82,732  
Net Decrease in Federal Funds Purchased   (18,000)  
Principal Payments on Notes Payable (500) (500)  
Proceeds from FHLB Advances 76,000    
Principal Payments on FHLB Advances (5,000)    
Stock Options Exercised   3  
Stock Repurchases (2,050)    
Net Cash Provided by Financing Activities 145,267 64,235  
NET CHANGE IN CASH AND CASH EQUIVALENTS 29,591 20,306  
Cash and Cash Equivalents Beginning 31,935 28,444 $ 28,444
Cash and Cash Equivalents Ending 61,526 48,750 $ 31,935
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Cash Paid for Interest 7,633 $ 7,237  
Cash Paid for Income Taxes 430    
Loans Transferred to Foreclosed Assets 134    
Investment Securities Purchased but Not Settled $ 6,944