XML 23 R9.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 22,517 $ 14,293 $ 16,114
Adjustments to reconcile net income to net cash from operating activities:      
(Release of) provision for loan losses (1,700) 5,800 1,150
Depreciation expense 2,283 2,265 2,062
Net amortization of investment securities, premiums, and discounts 1,743 1,493 1,386
Change in fair value of mortgage servicing rights 186 903 739
Investment securities (gains) losses, net (149) (61) 40
Losses (gains) on sales and dispositions of premises and equipment 29 (104) 48
Gain on sales and dispositions of other real estate (27) (224) (122)
Gain on branch sale, net 0 0 (2,183)
Provision for other real estate owned 965 5 49
Decrease (increase) in accrued interest receivable 19 (159) (319)
Increase in cash surrender value - life insurance (58) (53) (78)
(Increase) decrease in other assets (2,222) 9 1,158
Decrease in operating lease liabilities (300) (87) (201)
(Decrease) increase in accrued interest payable (555) (299) 101
Increase (decrease) in other liabilities 4,981 1,907 (718)
Origination of mortgage loans held for sale (196,924) (193,488) (43,355)
Proceeds from the sale of mortgage loans held for sale 206,989 195,926 44,281
Gain on sale of mortgage loans, net (7,165) (7,109) (771)
Mortgage servicing rights originations 0 0 0
Net cash provided by operating activities 30,612 21,017 19,381
Cash flows from investing activities:      
Purchase of certificates of deposit in other banks (245) (980) (988)
Proceeds from maturities of certificates of deposit in other banks 4,436 2,466 2,373
Net increase in loans (15,849) (119,273) (23,820)
Purchase of available-for-sale debt securities (178,576) (100,206) (31,106)
Proceeds from maturities of available-for-sale debt securities 38,386 52,962 39,467
Proceeds from calls of available-for-sale debt securities 16,515 21,285 16,165
Proceeds from sales of available-for-sale debt securities 5,420 5,845 21,503
Purchases of FHLB stock (362) (2,018) (6,522)
Proceeds from sales of FHLB stock 1,334 1,492 6,390
Purchases of premises and equipment (591) (1,828) (2,168)
Proceeds from sales of premises and equipment 46 178 17
Proceeds from Bank owned life insurance policy 0 0 222
Payment for branch sale, net 0 0 (6,700)
Proceeds from sales of other real estate and repossessed assets 1,551 516 1,435
Net cash (used in) provided by investing activities (127,935) (139,561) 16,268
Cash flows from financing activities:      
Net increase in demand deposits 70,574 121,325 3,999
Net increase in interest-bearing transaction accounts 94,550 109,477 3,548
Net decrease in time deposits (31,910) (33,717) (8,865)
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase (21,325) 17,882 2,625
Repayment of FHLB advances and other borrowings (29,256) (59,245) (176,708)
FHLB advances 0 69,000 178,474
Purchase of treasury stock (2,148) (906) 0
Cash dividends paid - common stock (3,616) (3,030) (2,684)
Net cash provided by financing activities 76,869 220,786 389
Net increase (decrease) in cash and cash equivalents (20,454) 102,242 36,038
Cash and due from banks at beginning of year 180,363 78,121 42,083
Cash and due from banks at end of year 159,909 180,363 78,121
Cash paid during the year for:      
Interest 6,464 10,023 15,150
Income taxes 4,729 2,305 3,620
Noncash investing and financing activities:      
Other real estate and repossessed assets acquired in settlement of loans 723 73 452
Net deposits and fixed assets transferred to other assets related to the Branson branch sale 0 0 (8,885)
Right of use assets obtained in exchange for new operating lease liabilities 0 169 2,424
Stock dividends $ 5,385 $ 3,829 $ 5,795