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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net income $ 12,083 $ 12,357 $ 11,335
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,035 1,832 990
Provision for loan losses 1,250 1,300 1,130
Net (gain) loss on investment debt and equity securities (609) (1,755) 76
Net unrealized loss (gain) on equity securities 47 (770) 336
Net gain on sale of other real estate owned, repossessed assets and premises and equipment   (51) (1)
Net gain on sale of loans (1,724) (195) (105)
Proceeds from sales of residential mortgages held-for-sale 35,605 7,324 4,478
Origination of residential mortgages held-for-sale (39,474) (8,106) (4,373)
Income on bank-owned life insurance (294) (292) (291)
Stock-based compensation expense 112 118 117
Deferred income tax (benefit) provision (59) 319 258
Net increase (decrease) in income taxes payable 215 (29) (230)
Net decrease (increase) in accrued interest receivable (1,997) 24 693
Amortization of mortgage servicing rights and change in valuation allowance 157 65 65
Net amortization of premiums and discounts on investment securities 2,473 1,501 1,434
Net (decrease) increase in accrued interest payable (559) 460 65
Operating lease payments (654) (583)  
Decrease in other assets 525 423 73
(Decrease) increase in other liabilities (1,531) (44) 601
Net cash provided by operating activities 7,601 13,898 16,651
Investing Activities      
Proceeds from payments, maturities and calls of investment debt securities available-for-sale 207,245 68,174 48,074
Proceeds from the sale of investment securities available-for-sale 6,930 47,851 4,159
Purchases of investment securities available-for-sale (295,734) (113,688) (26,473)
Proceeds from the sale of equity securities 4,767 11,838 4,902
Purchases of equity securities (7,914) (9,030) (9,763)
Proceeds from redemption of investment in restricted bank stock 1,495 9,675 10,320
Purchase of restricted bank stock (1,463) (9,951) (9,616)
Net increase in loans (99,737) (35,415) (52,302)
Net purchases of premises and equipment (722) (3,086) (2,413)
Proceeds from sales of other real estate owned and repossessed assets   58 1
Net cash used in investing activities (185,133) (33,574) (33,111)
Financing Activities      
Net increase (decrease) in non-interest bearing deposits 58,314 17,655 (597)
Net increase in interest-bearing deposits 131,893 4,607 22,247
Net increase (decrease) in short-term borrowings 2,907 5,059 (4,884)
Issuance of long-term debt 10,000    
Treasury stock purchase (130)    
Cash dividends paid, net of reinvestment (4,226) (4,086) (3,863)
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 16,331
Cash and cash equivalents at end of period 39,331 17,608 13,458
Supplemental Cash Flow Disclosures      
Interest paid 7,004 9,664 8,120
Income taxes paid, net of refunds received 2,406 2,560 $ 1,529
Non-cash transactions:      
Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,086 $ 2,407