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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities    
Net income $ 12,805 $ 10,648
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 1,891 1,567
Provision for loan losses 2,200 775
Deferred income tax (benefit) provision (777) 438
Net amortization of premiums on investment securities 554 490
Equity in losses of limited partnerships 935 745
Stock based compensation expense 236 165
Net decrease (increase) in unamortized loan costs 1,189 (105)
Proceeds from sales of loans held for sale 271,362 161,162
Origination of loans held for sale (287,940) (162,810)
Net gains on sales of loans held for sale (8,168) (2,895)
Net gains on sales of investment securities available-for-sale (11) (25)
Net gain on other investments (240) (132)
Increase in accrued interest receivable (1,196) (122)
Amortization of core deposit intangible 171 171
Increase in other assets (897) (110)
Increase in other liabilities 824 1,682
Net cash (used in) provided by operating activities (7,062) 11,644
Interest bearing deposits in banks    
Proceeds from maturities and redemptions 3,578 2,984
Purchases (9,711) (249)
Investment securities available-for-sale    
Proceeds from sales 3,076 10,335
Proceeds from maturities, calls and paydowns 22,076 11,485
Purchases (41,978) (33,730)
Purchases of other investments (117) (2)
Net decrease (increase) in nonmarketable stock 1,457 (231)
Net increase in loans (101,055) (28,185)
Recoveries of loans charged off 29 10
Purchases of premises and equipment (1,007) (6,417)
Investments in limited partnerships (2,257) (1,929)
Purchase of Company-owned life insurance 0 (3,000)
Net cash used in investing activities (125,909) (48,929)
Cash Flows From Financing Activities    
Repayment of long-term debt 0 (20,287)
Net (decrease) increase in short-term borrowings outstanding (40,000) 39,630
Net increase in noninterest bearing deposits 78,811 3,463
Net increase in interest bearing deposits 178,429 14,218
Net (decrease) increase in time deposits (6,965) 19,576
Issuance of common stock 22 44
Purchase of treasury stock 0 (13)
Dividends paid (5,689) (5,501)
Net cash provided by financing activities 204,608 51,130
Net increase in cash and cash equivalents 71,637 13,845
Cash and cash equivalents    
Beginning of year 51,134 37,289
End of year 122,771 51,134
Supplemental Disclosures of Cash Flow Information    
Interest paid 5,712 5,146
Income taxes paid 1,350 800
Supplemental Schedule of Noncash Investing and Financing Activities    
Other real estate acquired in settlement of loans 50 0
Investment in limited partnerships acquired by capital contributions payable 2,722 493
Right-of-use operating lease assets obtained in exchange for operating lease liabilities 0 2,002
Dividends paid on Common Stock:    
Dividends declared 5,727 5,540
Dividend reinvestment plan (38) (39)
Dividends paid $ 5,689 $ 5,501