XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 4,673 $ 4,108
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 659 692
Provision for loan losses 295 525
Amortization/accretion of premiums, discounts and deferred costs and fees, net 769 70
Amortization of operating lease right-of-use assets 109 71
Amortization of intangible assets and mortgage servicing rights 119 130
Realized (gain) loss on sales of debt securities, net 93 (29)
Change in fair value of equity securities 3 5
Net (gain) loss on sales of loans 7 (202)
Net gain on foreclosed real estate 0 (35)
Net loss on sale of premises and equipment 0 16
Loans originated for sale (1,234) (8,285)
Proceeds from the sale of loans originated for sale 1,695 8,562
Stock compensation expense 221 224
Increase in bank-owned life insurance (297) (212)
(Increase) decrease in accrued interest receivable 168 (354)
(Increase) decrease in prepaid expenses and other assets 595 (365)
Decrease in accrued interest payable (25) (26)
Increase (decrease) in accrued expenses and other liabilities (8,016) 7,317
Net cash provided by (used in) operating activities (166) 12,212
Cash flows from investing activities    
Loan originations and principal collections, net (21,172) 4,938
Proceeds from sales of loans held for sale previously classified as portfolio loans 0 700
Available-for-sale securities:    
Sales 6,858 248
Maturities, repayments and calls 6,515 9,753
Purchases (3,645) (81,868)
Purchase of federal bank stocks (3,559) (700)
Redemption of federal bank stocks 3,746 489
Net change in interest earning time deposits 994 2,238
Proceeds from the sale of bank premises and equipment 0 971
Purchases of premises and equipment (234) (247)
Proceeds from the sale of foreclosed real estate 0 380
Net cash used in investing activities (10,497) (63,098)
Cash flows from financing activities    
Net increase in deposits 19,085 65,692
Repayments on long-term debt (15,000) 0
Net change in short-term borrowings 10,950 0
Dividends paid (1,798) (1,727)
Net cash provided by financing activities 13,237 63,965
Net increase in cash and cash equivalents 2,574 13,079
Cash and cash equivalents at beginning of period 9,080 37,439
Cash and cash equivalents at end of period 11,654 50,518
Supplemental information:    
Interest paid 1,883 2,867
Income taxes paid 1,250 1,650
Supplemental noncash disclosure:    
Transfers from loans to foreclosed real estate 144 0
Transfers from portfolio loans to loans held for sale 0 700
Bonds purchased, not yet settled $ 0 $ 7,992