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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income $ 2,232 $ 1,597 $ 5,885 $ 3,531  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     1,672 1,870  
Accretion related to acquisition, net     (192) (199)  
Provision for loan losses 0 749 1,013 1,849 $ 2,861
Gain on sale of securities, net (286) 0 (312) (120)  
Net amortization of securities     911 1,331  
Increase in loans held for sale, net     (1,099) (254)  
Net gain on disposal of premises and equipment     0 9  
Net (gain) loss on write-down/sale of other real estate owned 0 0 (2) 86  
Income from bank owned life insurance (201) (202) (591) (584)  
Stock compensation expense     161 103  
Deferred tax benefit     1,339 0  
(Increase) decrease in other assets     (276) 182  
Decrease in accrued expenses and other liabilities     (578) (387)  
Net cash provided by operating activities     7,931 7,417  
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchases of available-for-sale securities     (73,940) (16,582)  
Proceeds from redemption of restricted securities, net     502 254  
Proceeds from maturities and calls of available-for-sale securities     22,145 8,750  
Proceeds from sales of available-for-sale securities     47,749 12,139  
Paydowns on available-for-sale securities     8,779 7,672  
Proceeds from sale of loans held for investment     0 8,930  
Net decrease (increase) in loans held for investment     32,796 (8,228)  
Proceeds from sales of other real estate owned     85 211  
Purchases of premises and equipment (616) (122) (1,295) (439)  
Cash paid in acquisition     0 (3,164)  
Cash acquired in acquisition     0 2,304  
Net cash provided by investing activities     36,821 11,847  
CASH FLOWS FROM FINANCING ACTIVITIES          
Increase in noninterest-bearing deposits     5,154 8,499  
Increase in savings deposits     12,263 14,657  
Increase (decrease) in time deposits     4,125 (9,361)  
Decrease in federal funds purchased, repurchase agreements and other borrowings, net     (2,493) (9,727)  
Increase in Federal Home Loan Bank advances     10,000 88,000  
Repayment of Federal Home Loan Bank advances     (23,000) (95,500)  
Proceeds from ESPP issuance     60 66  
Cash dividends paid on common stock     (1,871) (1,691)  
Net cash provided by (used in) financing activities     4,238 (5,057)  
Net increase in cash and cash equivalents     48,990 14,207  
Cash and cash equivalents at beginning of period     42,217 14,412 14,412
Cash and cash equivalents at end of period $ 91,207 $ 28,619 91,207 28,619 $ 42,217
Cash payments for:          
Interest     4,708 3,332  
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS          
Unrealized gain (loss) on securities available-for-sale     3,572 (3,603)  
Loans transferred to other real estate owned     0 203  
Right of use lease asset and liability     751 0  
TRANSACTIONS RELATED TO ACQUISITIONS          
Assets acquired     0 50,406  
Liabilities assumed     0 44,324  
Common stock issued in acquisition     $ 0 $ 3,947