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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash Flows from Operating Activities      
Net income $ 11,693 $ 10,360  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 930 859  
Provision for credit losses 1,950 1,500  
Share-based compensation expense 169 126  
Deferred income tax expense (benefit) 661 (127)  
Loans originated for sale (8,891) (38,748)  
Proceeds from sale of loans 9,006 38,413  
Gain (Loss) on Sales of Loans, Net (153) (750)  
Debt Securities, Available-for-sale, Realized Gain (Loss) (152) 476  
Equity Securities, FV-NI, Gain (Loss) (372) 0  
Gain (Loss) on Disposition of Assets 109 (138)  
Write-downs of foreclosed properties 24 23  
Amortization of securities premiums, net 1,255 948  
Amortization (accretion) related to acquisitions, net (357) (371)  
Amortization of intangibles 378 405  
Earnings on cash surrender value of bank owned life insurance (212) (302)  
(Increase) decrease in accrued interest receivable (444) 1,335  
Increase in other assets (332) (163)  
(Decrease) increase in other liabilities (512) 2,348  
Net cash provided by operating activities 14,836 15,518  
Cash Flows from Investing Activities      
Proceeds from maturities and calls of debt securities available for sale 210 2,825  
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 0   $ 0
Proceeds from Sale of Debt Securities, Available-for-sale 16,092 5,117  
Principal payments received on debt securities available for sale 8,730 7,222  
Payments to Acquire Debt Securities, Available-for-sale 22,202 44,012  
Purchases of other investments (304) 0  
Proceeds from redemptions of other investments 304 3,138  
Net loan originations (90,457) (40,428)  
Purchases of premises and equipment (320) (1,611)  
Proceeds from sales of repossessed assets & property held for sale 3,063 1,534  
Payment to Acquire Life Insurance Policy, Investing Activities (10,000) 0  
Net cash used in investing activities (94,884) (66,215)  
Cash Flows from Financing Activities      
Net increase in demand deposit, NOW and savings accounts 71,595 153,810  
Net decrease in time deposits (6,289) (24,168)  
Repayment of long-term borrowings (5) (5)  
Proceeds from issuance of common stock, net of issuance costs 65 70  
Dividends paid on common stock (2,294) (2,200)  
Payments of Ordinary Dividends, Preferred Stock and Preference Stock (225) 0  
Net cash provided by financing activities 62,847 127,507  
(Decrease) increase in cash and cash equivalents (17,201) 76,810  
Cash and cash equivalents:      
Beginning 78,458 99,787 99,787
Ending 61,257 176,597 $ 78,458
Cash payments for:      
Interest Paid, Excluding Capitalized Interest, Operating Activities $ 2,680 $ 3,302