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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income $ 10,087 $ 10,242
Items not requiring (providing) cash    
Depreciation and amortization 541 388
Provision for loan losses 2,050 0
Gain on sales of loans (77) (77)
Stock-based compensation expense 371 329
Cash receipts from the sale of loans originated for sale 3,951 4,590
Cash disbursements for loans originated for sale (3,343) (4,009)
Deferred income tax benefit (307) (85)
Changes in    
Interest receivable and other assets (1,153) 719
Interest payable and other liabilities 3,558 (2,786)
Net cash provided by operating activities 15,678 9,311
Investing Activities    
Maturities of interest-bearing time deposits in other banks 16,709 10,120
Purchases of interest-bearing time deposits in other banks (14,427) (10,993)
Net change in loans (130,657) (31,614)
Purchases of premises and equipment (333) (1,289)
Change in nonmarketable equity securities 5 (14)
Net cash used in investing activities (128,703) (33,790)
Financing Activities    
Net change in deposits 136,748 20,152
Cash distributions (5,955) 0
Common stock acquired and canceled (7,116) 0
Net cash provided by financing activities 123,677 20,152
Increase (Decrease) in Cash and Due from Banks 10,652 (4,327)
Cash and Due from Banks, Beginning of Period 117,128 128,090
Cash and Due from Banks, End of Period 127,780 123,763
Supplemental Disclosure of Cash Flows Information    
Interest paid 3,914 4,561
Income taxes paid 0 3,868
Dividends declared and not paid 923 0
Foreclosed assets acquired in settlement of loans $ 0 $ 78