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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Net income $ 8,666 $ 6,928
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 772 701
Amortization of other assets 313 268
Provision for Loan Losses 755 567
Loss (gain) on other real estate owned (132) 447
(Gain) on the sale and disposal of premises and equipment   (137)
Loss on the sale of repossessed assets 3  
(Gain) loss on the sale of securities (687) 7
Stock-based compensation expense 394 419
Premium amortization on securities, net 554 344
Changes in assets and liabilities:    
(Increase) in other assets (3,776) (1,858)
Increase in other liabilities 648 601
Net cash provided by operating activities 7,510 8,287
Cash Flows from Investing Activities    
Proceeds from maturities, calls, and principal payments of securities available for sale 37,017 16,864
Proceeds from the sale of securities available for sale 28,323 12,349
Purchases of securities available for sale (49,890) (18,934)
Proceeds from the sale of restricted investments 2,125  
Purchases of restricted investments (2,196) (452)
Purchases of bank-owned life insurance (12,000)  
Purchases of bank premises and equipment (381) (1,124)
Proceeds from the sale of bank premises and equipment   279
Proceeds from the sale of other real estate owned 183 36
Proceeds from the sale of repossessed assets 43 16
Net (increase) in loans (160,380) (33,419)
Net cash (used in) investing activities (157,156) (24,385)
Cash Flows from Financing Activities    
Net increase in noninterest bearing demand deposits, savings, and interest bearing demand deposits 192,539 25,956
Net (decrease) increase in time deposits (8,845) 6,339
Net (decrease) in federal funds purchased   (1,871)
Net increase in Federal Home Loan Bank advances   10,000
Issuance of common stock, employee benefit plan 205 138
Repurchase and retirement of common stock (1,441) (1,498)
Cash dividends paid (2,427) (2,163)
Net cash provided by financing activities 180,031 36,901
Increase in cash and cash equivalents 30,385 20,803
Cash and Cash Equivalents    
Beginning 33,659 18,353
Ending 64,044 39,156
Supplemental Disclosures of Cash Flow Information    
Interest 2,752 3,132
Income taxes 1,792  
Supplemental Schedule of Noncash Investing and Financing Activities:    
Unrealized gain on securities available for sale 2,734 4,061
Other real estate and repossessed assets acquired in settlement of loans 372 834
Issuance of common stock, dividend investment plan 241 380
Lease liabilities arising from right-of-use assets $ 549 $ 3,745