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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income $ 1,842 $ 2,494 $ 4,854 $ 3,744  
Adjustments to reconcile net income to net cash (used in) provided by operating activities:          
Depreciation and amortization     1,052 1,070  
Amortization of right of use lease asset     185 179  
Accretion related to acquisition, net     (7) (40)  
Provision for loan losses 0 300 150 600 $ 1,000
Net amortization of securities     438 300  
Decrease (increase) in loans held for sale, net     12,129 (2,904)  
Income from bank owned life insurance (204) (192) (430) (423)  
Stock compensation expense     130 143  
Deferred tax benefit     (12) (1,030)  
(Decrease) in other assets     (2,602) (201)  
Increase (decrease) in accrued expenses and other liabilities     23 (1,012)  
Net cash provided by (used in) operating activities     15,910 (576)  
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchases of available-for-sale securities     (49,310) (30,891)  
Proceeds from redemption (purchase) of restricted securities, net     334 (226)  
Proceeds from maturities and calls of available-for-sale securities     8,280 5,316  
Proceeds from sales of available-for-sale securities     3,130 9,385  
Paydowns on available-for-sale securities     9,397 5,831  
Net decrease (increase) in loans held for investment     3,438 (109,499)  
Purchases of premises and equipment (634) (294) (760) (662)  
Proceeds from sale of premises and equipment     31 1,297  
Net cash used in investing activities     (25,460) (119,449)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Increase in noninterest-bearing deposits     38,306 81,165  
Increase in savings deposits     42,808 60,359  
Decrease in time deposits     (14,333) (19,100)  
Increase (decrease) in federal funds purchased, repurchase agreements and other borrowings, net     4,270 (3,780)  
Increase in Federal Home Loan Bank advances     0 25,000  
Repayment of Federal Home Loan Bank advances     0 (20,000)  
Increase in Federal Reserve Bank borrowings     0 37,515  
Repayment of Federal Reserve Bank borrowings     (25,237) (175)  
Proceeds from ESPP issuance     53 46  
Cash dividends paid on common stock     (1,256) (1,251)  
Net cash provided by financing activities     44,611 159,779  
Net increase in cash and cash equivalents     35,061 39,754  
Cash and cash equivalents at beginning of period     120,437 89,865 89,865
Cash and cash equivalents at end of period $ 155,498 $ 129,619 155,498 129,619 $ 120,437
Cash payments for:          
Interest     1,693 3,059  
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS          
Unrealized (loss) gain on securities available-for-sale     3,887 4,343  
Loans transferred to other real estate owned     0 254  
Former bank property transferred from fixed assets to held for sale assets     902 0  
Right of use lease asset and liability     $ 1,277 $ 789