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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 5,130 $ 6,453
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for loan losses 3,800 825
Depreciation 276 234
Stock compensation expense 775 540
Net amortization (accretion):    
Securities 417 207
Loans (83) 214
Right of use asset 230 181
Changes in other assets and liabilities:    
Accrued interest receivable (814) 499
Other assets 1,294 (9,599)
Operating lease liability (221) (110)
Accrued expenses and other liabilities 2,109 1,279
Net cash provided by operating activities 12,913 723
Cash flows from investing activities:    
Net change in loans (29,454) (46,692)
Purchases of securities available for sale   (9,918)
Principal repayments on securities available for sale 25,492 11,203
Purchases of securities, restricted (29) (82)
Purchases of premises and equipment (328) (442)
Net cash used in investing activities (4,319) (45,931)
Cash flows from financing activities:    
Net increase in deposits 44,306 54,749
Decrease in secured borrowings (1) (1)
Exercise of stock options 290 50
Purchase of common stock (567)  
Net cash provided by financing activities 44,028 54,798
Increase in cash and cash equivalents 52,622 9,590
Cash and cash equivalents at beginning of period 61,806 30,562
Cash and cash equivalents at end of period 114,428 40,152
Cash paid during the period for:    
Interest 691 1,295
Taxes 2,090 1,966
Noncash transactions:    
Right of use asset obtained in exchange for lease liability $ 543 $ 3,640