XML 18 R8.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 6,849 $ 4,188
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 1,125 1,010
Amortization of core deposit intangible 461 548
Accretion of loan discount and deposit premium, net (844) (1,088)
Provision for loan losses 576 1,027
Deferred income taxes (218) (604)
Net realized gains on securities (265) (315)
Accretion of discount on securities, net of amortization of premiums 251 213
Deferred compensation 16 (4)
Share-based compensation 28 0
Losses on disposal of properties and equipment 1 0
Changes in assets and liabilities:    
Cash value of life insurance (324) (324)
Accrued interest receivable (59) (593)
Other assets (910) (172)
Accrued interest payable (2) 80
Other liabilities (1,132) 185
Net cash provided by operating activities 5,553 4,151
Cash flows from investing activities    
Purchases (91,541) (12,187)
Sales 8,619 10,739
Maturities/calls/paydowns 7,726 4,663
Sales (purchases) of restricted equity securities 207 (22)
Net increase in loans (21,189) (106,572)
Purchases of property and equipment (4,810) (4,408)
Net cash used in investing activities (100,988) (107,787)
Cash flows from financing activities    
Net increase (decrease) in deposits 122,809 102,955
Net change in paycheck protection program liquidity facility advances 0 5,375
Common stock repurchased (956) (867)
Dividends paid (1,624) (1,582)
Net cash provided by financing activities 120,229 105,881
Net increase (decrease) in cash and cash equivalents 24,794 2,245
Cash and cash equivalents, beginning 95,689 44,387
Cash and cash equivalents, ending 120,483 46,632
Supplemental disclosure of cash flow information    
Interest paid 1,921 2,499
Taxes paid 2,063 1,533
Supplemental disclosure of noncash investing activities    
Effect on equity of change in net unrealized gain on available for sale securities (1,023) 508
Right-of-use assets obtained in exchange for new operating lease liabilities $ 11 $ 68