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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income $ 12,357 $ 11,335 $ 8,289
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,832 990 821
Provision for loan losses 1,300 1,130 1,400
Net (gain) loss on investment debt and equity securities (1,755) 76 (1,500)
Net unrealized (gain) loss on equity securities (770) 336  
Net loss (gain) on sale of other real estate owned, repossessed assets and premises and equipment (51) (1) (1)
Net gain on sale of loans (195) (105) (276)
Gain on sale of loan held for investment     (99)
Proceeds from sales of residential mortgages held-for-sale 7,324 4,478 9,041
Origination of residential mortgages held-for-sale (8,106) (4,373) (7,976)
Income on bank-owned life insurance (292) (291) (345)
Stock-based compensation expense 118 117 102
Net decrease in trading securities     3,596
Deferred income tax provision 319 258 2,322
Net decrease in income taxes payable (29) (230) (154)
Net decrease (increase) in accrued interest receivable 24 693 (417)
Amortization of mortgage servicing rights and change in valuation allowance 65 65 82
Net amortization of premiums and discounts on investment securities 1,501 1,434 1,694
Net increase in accrued interest payable 460 65 49
Operting lease payments (583)    
Decrease (increase) in other assets 423 73 (887)
(Decrease) increase in other liabilities (44) 601 421
Net cash provided by operating activities 13,898 16,651 16,162
Investing Activities      
Proceeds from payments, maturities and calls of investment debt securities available-for-sale 68,174 48,074 52,994
Proceeds from the sale of investment securities available-for-sale 47,851 4,159 28,087
Purchases of investment securities available-for-sale (113,688) (26,473) (75,267)
Proceeds from the sale of equity securities 11,838 4,902 14,422
Purchases of equity securities (9,030) (9,763) (9,998)
Proceeds from redemption of investment in restricted bank stock 9,675 10,320 6,318
Purchase of restricted bank stock (9,951) (9,616) (6,802)
Net increase in loans (35,415) (52,302) (101,157)
Net purchases of premises and equipment (3,086) (2,413) (634)
Proceeds from sale of loans held for investment     99
Redemption of bank-owned life insurance     754
Proceeds from sales of other real estate owned and repossessed assets 58 1 2
Net cash used in investing activities (33,574) (33,111) (91,182)
Financing Activities      
Net increase (decrease) in non-interest bearing deposits 17,655 (597) 10,202
Net increase in interest-bearing deposits 4,607 22,247 70,391
Net (decrease) increase in short-term borrowings 5,059 (4,884) 3,096
Cash dividends paid, net of reinvestment (4,086) (3,863) (3,731)
Proceeds from issuance of common stock 591 684 672
Net cash provided by financing activities 23,826 13,587 80,630
Increase (decrease) in cash and cash equivalents 4,150 (2,873) 5,610
Cash and cash equivalents at beginning of year 13,458 16,331 10,721
Cash and cash equivalents at end of period 17,608 13,458 16,331
Supplemental Cash Flow Disclosures      
Interest paid 9,664 8,120 5,631
Income taxes paid 2,560 $ 1,529 $ 3,731
Non-cash transactions:      
Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,407