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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net income $ 7,155 $ 4,526
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 1,224 1,187
Amortization of core deposit intangible 822 578
Accretion of loan discount and deposit premium, net (2,175) (1,539)
Provision for loan losses 655 325
Deferred income taxes 591 1,589
Net realized gains on securities (49) (5)
Accretion of discount on securities, net of amortization of premiums 411 521
Deferred compensation (10) 19
Gains on sale of properties and equipment (122)
Net realized loss on foreclosed assets 10
Life insurance income (303)
Changes in assets and liabilities:    
Cash value of life insurance (442) (434)
Accrued interest receivable 12 (13)
Other assets 1,206 (210)
Accrued interest payable 43 3
Other liabilities 95 25
Net cash provided by operating activities 9,416 6,279
Cash flows from investing activities    
Purchases (1,037)
Sales 8,914 18,366
Maturities/calls/paydowns 5,548 5,252
Purchases of restricted equity securities (341) (142)
Net increase in loans (32,354) (16,785)
Proceeds from life insurance contracts 672
Proceeds from the sale of foreclosed assets 753 480
Purchases of property and equipment, net of sales (3,854) (2,830)
Cash received in business combination 25,761
Net cash (used in) provided by investing activities (22,371) 30,774
Cash flows from financing activities    
Net increase (decrease) in deposits 9,727 (16,797)
Net change in FHLB advances 10,000 (2,000)
Cash paid for fractional shares (1)
Common stock repurchased (908)
Dividends paid (1,484) (1,123)
Net cash provided by (used in) financing activities 17,335 (19,921)
Net increase in cash and cash equivalents 4,380 17,132
Cash and cash equivalents, beginning 40,007 22,875
Cash and cash equivalents, ending 44,387 40,007
Supplemental disclosure of cash flow information    
Interest paid 2,826 1,858
Taxes paid 850 135
Supplemental disclosure of noncash investing activities    
Effect on equity of change in net unrealized loss on available for sale securities 980 (406)
Effect on equity of change in unfunded pension liability 63 (51)
Right-of-use assets obtained in exchange for new operating lease liabilities 729
Transfers of loans to foreclosed properties 1,163
Business combinations    
Assets acquired 145,455
Liabilities assumed 132,960
Net assets 12,495
Goodwill recorded 59 3,198
Stock issued to acquire Great State Bank $ 15,495