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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income $ 1,908 $ 1,100 $ 6,762 $ 4,844  
Adjustments to reconcile net income to net cash (used in) provided by operating activities:          
Depreciation and amortization     1,559 1,601  
Amortization of right of use lease asset     266 278  
Accretion related to acquisition, net     (5) (52)  
Amortization of subordinated debt issuance costs     27 0  
Provision for loan losses 360 300 510 900 $ 1,000
Gain on sale of securities, net     0 (185)  
Net amortization of securities     709 458  
Decrease (increase) in loans held for sale, net     8,673 (12,065)  
Net (gain) loss on disposal of premises and equipment     0 (818)  
Net (gain) loss on write-down/sale of other real estate owned 0 (22) 0 (22)  
Income from bank owned life insurance (195) (207) (625) (630)  
Stock compensation expense     214 199  
Deferred tax benefit     (12) (1,032)  
(Decrease) in other assets     (560) (1,666)  
Increase (decrease) in accrued expenses and other liabilities     94 (1,162)  
Net cash provided by (used in) operating activities     17,612 (9,352)  
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchases of available-for-sale securities     (55,698) (44,173)  
Proceeds from redemption (purchase) of restricted securities, net     333 (78)  
Proceeds from maturities and calls of available-for-sale securities     8,779 7,684  
Proceeds from sales of available-for-sale securities     4,330 9,385  
Paydowns on available-for-sale securities     13,957 8,914  
Net increase in loans held for investment     (4,180) (124,834)  
Proceeds from sales of other real estate owned     0 40  
Purchases of premises and equipment (370) (96) (1,130) (758)  
Proceeds from sale of premises and equipment     31 2,204  
Net cash used in investing activities     (33,578) (141,616)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Increase in noninterest-bearing deposits     32,384 100,968  
Increase in savings deposits     71,664 86,575  
Decrease in time deposits     (20,578) (25,976)  
Increase (decrease) in federal funds purchased, repurchase agreements and other borrowings, net     (3,473) (5,621)  
Increase in Federal Home Loan Bank advances     0 25,000  
Repayment of Federal Home Loan Bank advances     0 (23,500)  
Increase in Federal Reserve Bank borrowings     0 37,515  
Repayment of Federal Reserve Bank borrowings     (27,652) (175)  
Increase in long term borrowings     29,347 0  
Proceeds from ESPP issuance     79 70  
Cash dividends paid on common stock     (1,938) (1,877)  
Net cash provided by financing activities     79,833 192,979  
Net increase in cash and cash equivalents     63,867 42,011  
Cash and cash equivalents at beginning of period     120,437 89,865 89,865
Cash and cash equivalents at end of period $ 184,304 $ 131,876 184,304 131,876 $ 120,437
Cash payments for:          
Interest     2,442 4,353  
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS          
Unrealized (loss) gain on securities available-for-sale     (1,892) 4,915  
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     $ 0 $ 862