XML 129 R114.htm IDEA: XBRL DOCUMENT v3.20.4
Note 19 - Condensed Statement of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities                      
Net income $ 4,151 $ 3,778 $ 3,934 $ 220 $ 2,745 $ 3,090 $ 3,143 $ 3,379 $ 12,083 $ 12,357 $ 11,335
Adjustments to reconcile net income to net cash provided by operating activities:                      
Net unrealized loss (gain) on investment equity securities                 47 (770) 336
Stock-based compensation expense                 112 118 117
Accretion of discounts on investment securities                 2,473 1,501 1,434
Increase (decrease) in other liabilities                 (1,531) (44) 601
Decrease increase (decrease) in other assets                 525 423 73
Deferred income tax (benefit) provision                 (59) 319 258
Net cash provided by operating activities                 7,601 13,898 16,651
Investing activities                      
Purchase of investment equity securities                 (7,914) (9,030) (9,763)
Purchase of investment securities available-for-sale                 (295,734) (113,688) (26,473)
Proceeds from sale of investment equity securities                 4,767 11,838 4,902
Proceeds from sale of investment securities available-for-sale                 6,930 47,851 4,159
Net cash used in investing activities                 (185,133) (33,574) (33,111)
Financing activities                      
Cash dividend paid                 (4,226) (4,086) (3,863)
Treasury stock purchase                 (130)    
Proceeds from issuance of common stock                 497 591 684
Net cash provided by financing activities                 199,255 23,826 13,587
Increase (decrease) in cash and cash equivalents                 21,723 4,150 (2,873)
Cash and cash equivalents at beginning of year       17,608       13,458 17,608 13,458 16,331
Cash and cash equivalents at end of period 39,331       17,608       39,331 17,608 13,458
Parent Company [Member]                      
Operating Activities                      
Net income                 12,083 12,357 11,335
Adjustments to reconcile net income to net cash provided by operating activities:                      
Equity in undistributed income from subsidiary                 (7,340) (6,828) (7,714)
Net securities (gains) losses                 (585) (1,781) 79
Net unrealized loss (gain) on investment equity securities                 47 (770) 336
Stock-based compensation expense                 112 118 117
Accretion of discounts on investment securities                   (45)  
Increase (decrease) in other liabilities                 (682) 762 (403)
Decrease increase (decrease) in other assets                 17 126 (147)
Deferred income tax (benefit) provision                 (20) 247 (158)
Net cash provided by operating activities                 3,632 4,186 3,445
Investing activities                      
Purchase of investment equity securities                 (7,914) (9,030) (9,763)
Purchase of investment securities available-for-sale                   (8,730)  
Proceeds from sale of investment equity securities                 4,767 11,838 4,902
Proceeds from sale of investment securities available-for-sale                   8,775  
Net cash used in investing activities                 (3,147) 2,853 (4,861)
Financing activities                      
Cash dividend paid                 (4,226) (4,086) (3,863)
Treasury stock purchase                 (130)    
Proceeds from issuance of common stock                 497 591 684
Net cash provided by financing activities                 (3,859) (3,495) (3,179)
Increase (decrease) in cash and cash equivalents                 (3,374) 3,544 (4,595)
Cash and cash equivalents at beginning of year       $ 3,616       $ 72 3,616 72 4,667
Cash and cash equivalents at end of period $ 242       $ 3,616       $ 242 $ 3,616 $ 72