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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Cash Flows from Operating Activities          
Net Income (Loss) $ 2,676 $ 3,074 $ 4,544 $ 11,506  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for (recovery of) credit losses (5) (371) 1,287 (368)  
Depreciation of premises and equipment     660 544  
Core deposit intangible amortization 102 0 137 0  
Net accretion of acquisition accounting estimates     (293) 0  
Amortization of premiums and accretion of discounts, net     778 806  
Loss on sale of securities available for sale, net     0 3,332  
Loss on disposal of repossessed assets     0 5  
Increase in cash value of bank-owned life insurance     (822) (734)  
Origination of mortgage loans held for sale     (8,708) (6,689)  
Proceeds from sale of mortgage loans held for sale     8,789 6,700  
Gain on sale of mortgage loans held for sale (50) (22) (132) (93)  
Equity based compensation expense     93 21  
Net change in:          
Accrued interest receivable     2 (179)  
Other assets     (4,007) 59  
Accrued interest payable     523 445  
Other liabilities     1,169 (2,023)  
Net cash provided by operating activities     4,020 13,332  
Cash Flows from Investing Activities          
Proceeds from calls, principal payments, sales and maturities of securities available for sale     20,855 53,696  
Net change in restricted stock     168 (323)  
Purchase of loan participations     (13,894) (5,118)  
Collection of loan participations     5,901 6,686  
Loan originations and principal collections, net     (18,207) 1,958  
Proceeds from sale of repossessed assets     0 13  
Recoveries on loans charged off     158 235  
Purchases of premises and equipment     (2,302) (1,264)  
Proceeds from sale of premises and equipment     46    
BOLI settlement     0 712  
Cash acquired in the acquisition, net of cash paid     6,885 0  
Net cash (used in) provided by investing activities     (390) 56,595  
Cash Flows from Financing Activities          
Net change in time deposits     20,210 120,256  
Net change in other deposits     (51,140) (197,981)  
Cash dividends paid     (4,303) (10,189)  
Repayment of borrowings     (5,230)    
Net cash used in financing activities     (40,463) (87,914)  
Net change in cash and cash equivalents     (36,833) (17,987)  
Cash and cash equivalents at beginning of period     86,603 71,429 $ 71,429
Cash and cash equivalents at end of period $ 49,770 $ 53,442 49,770 53,442 86,603
Supplemental Disclosures of Cash Flow Information          
Interest paid on deposits and borrowings     24,754 14,072  
Income taxes paid     715 3,997  
Supplemental Disclosure of Noncash Activities          
Loans charged against the allowance for credit losses     411 232 $ 478
Loans transferred to repossessed assets     0 11  
Unrealized holding gain (loss) on securities available for sale     15,984 (7,466)  
Lease liabilities arising from obtaining right-of-use assets during the period     $ 548 $ 0