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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities    
Net income $ 11,558 $ 5,917
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and accretion of premiums and discounts on investments, net 329 563
Net realized loss on sales and calls of securities 4 29
Net realized gain on sale of other real estate owned (9) (498)
(Credit to) provision for loan losses (3,667) 7,138
Loans originated for sale (74,106) (94,995)
Proceeds from sale of loans 75,456 98,723
Net gain on sale of loans (2,582) (3,762)
Amortization of intangible assets 96 42
Depreciation and amortization 1,560 1,379
Gain from disposal of premises and equipment (17) (13)
Deferred income tax expense (benefit) 1,107 (1,531)
Increase in cash surrender value of insurance (571) (380)
Decrease (increase) in accrued interest receivable 453 (916)
Expense of earned ESOP shares 227 170
Share-based compensation expense 618 217
Increase in other assets (5,968) (3,616)
Increase in accrued expenses and other liabilities 3,164 6,378
Net cash provided by operating activities 7,652 14,845
Cash Flows from Investing Activities    
Proceeds from sales and calls of securities 4,000 6,996
Proceeds from maturities and principal repayments of securities 58,232 45,031
Purchases of securities (244,632) (39,215)
Net redemptions of FHLB Stock 1,465 648
Net decrease (increase) in loans 23,745 (89,304)
Purchases of bank owned life insurance (10,024) (40)
Purchases of bank premises and equipment (1,774) (1,867)
Net proceeds from life insurance 341  
Net cash received from acquisition (Note 2) 32,767  
Net increase of other real estate owned   (225)
Proceeds from sale of other real estate owned 148 3,859
Net cash used in investing activities (135,732) (74,117)
Cash Flows from Financing Activities    
Net increase in demand deposits, NOW, money market and savings accounts 182,516 174,027
Net decrease in time deposits (43,744) (18,006)
Increase in mortgagors' escrow accounts 636 388
Net decrease in short-term debt (15,865) (4,302)
Net decrease in long-term debt (16,768) (11,328)
Stock repurchase for tax withholding on restricted stock vesting (125)  
Proceeds from exercise of stock options 36  
Net cash provided by financing activities 106,686 140,779
Net (decrease) increase in cash and due from banks (21,394) 81,507
Cash and Due from Banks    
Beginning balance 93,485 11,978
Ending balance 72,091 93,485
Supplemental Disclosures of Cash Flow Information    
Cash paid for interest 4,608 8,310
Cash (received) paid for income taxes (40) 3,402
Noncash Investing Activities    
Transfer of loans to other real estate owned   $ 1,858
Fair value of assets acquired 1,277  
Fair value of liabilities assumed $ 34,044