XML 17 R8.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 540 $ 1,074
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation, amortization, and accretion of premises and equipment 215 213
Amortization, and accretion of investment securities available for sale 481 845
Release for credit losses (217) (471)
Gain on disposals of assets, net   (14)
Increase in cash surrender value of bank owned life insurance (76) (77)
Loss on write-down of MFB stock 2  
Increase in accrued interest receivable (60) (2)
Net increase in other assets (106) (292)
Net increase in accrued expenses and other liabilities (245) 258
Net cash (used in) provided by operating activities 534 1,534
Cash flows from investing activities:    
Redemptions and maturities of investment securities available for sale 8,671 10,505
Proceeds from sales of available for sale debt securities 1  
Purchases of investment securities available for sale (31,540) (56,219)
Net (sale) purchase of Federal Home Loan Bank stock (11) 137
Net decrease in loans 9,679 19,209
Proceeds from sale of real estate acquired through foreclosure   589
Purchases of premises and equipment (152) (165)
Net cash provided by (used in) investing activities (13,352) (25,944)
Cash flows from financing activities:    
Net increase in deposits 2,518 19,264
Increase in short term borrowings   (4,676)
Cash dividends paid (571) (569)
Common stock dividends reinvested 56 66
Net cash provided by financing activities 2,003 14,085
Net increase in cash and cash equivalents (10,815) (10,325)
Cash and cash equivalents at beginning of period 62,181 37,093
Cash and cash equivalents at end of period 51,366 26,768
Supplemental Disclosures of Cash Flow Information:    
Interest paid on deposits and borrowings 440 559
Net income taxes paid   340
Net increase in unrealized depreciation on available for sale securities (20,493) (1,327)
Net decrease in unrealized depreciation on swaps $ 521 $ 228