XML 107 R8.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 16,114 $ 10,714 $ 3,414
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 1,150 1,475 1,765
Depreciation expense 2,062 1,797 1,735
Net amortization of investment securities, premiums, and discounts 1,386 1,506 1,664
Change in fair value of mortgage servicing rights 739 27 93
Investment securities (losses) gains, net 40 (255) (5)
Loss on sales and dispositions of premises and equipment 48 3 123
Gain on sales and dispositions of other real estate (122) (14) (45)
Gain on branch sale, net (2,183) 0 0
Provision for other real estate owned 49 26 284
Operating lease expense (201) 0 0
Increase in accrued interest receivable (319) (535) (444)
Increase in cash surrender value - life insurance (78) (58) (75)
Decrease (increase) in other assets 1,142 854 (808)
Decrease in deferred tax asset due to tax reform reclass 0 0 4,105
Increase in accrued interest payable 101 481 56
Decrease (increase) in other liabilities (718) 667 923
Origination of mortgage loans for sale (43,355) (36,469) (33,245)
Proceeds from the sale of mortgage loans 44,281 36,990 33,794
Gain on sale of mortgage loans, net (771) (721) (770)
Other, net (274) (186) (85)
Net cash provided by operating activities 19,091 16,302 12,479
Cash flows from investing activities:      
Purchase of certificates of deposit in other banks (988) (8,787) (3,460)
Proceeds from maturities of certificates of deposit in other banks 2,373 0 1,000
Net increase in loans (23,530) (79,298) (95,355)
Purchase of available-for-sale debt securities (31,106) (103,078) (64,611)
Proceeds from maturities of available-for-sale debt securities 39,467 34,586 31,053
Proceeds from calls of available-for-sale debt securities 16,165 1,685 8,175
Proceeds from sales of available-for-sale debt securities 21,503 77,168 11,653
Purchases of FHLB stock (6,522) (4,713) (2,483)
Proceeds from sales of FHLB stock 6,390 5,591 1,242
Purchases of premises and equipment (2,168) (2,326) (1,266)
Proceeds from sales of premises and equipment 17 13 12
Proceeds from Bank owned life insurance policy 222 0 0
Payment for branch sale, net (6,700) 0 0
Proceeds from sales of other real estate and repossessed assets 1,435 585 1,115
Net cash provided by (used in) investing activities 16,558 (78,574) (112,925)
Cash flows from financing activities:      
Net increase in demand deposits 3,999 17,477 9,405
Net increase in interest-bearing transaction accounts 3,548 29,572 115,737
Net (decrease) increase in time deposits (8,865) 25,607 (9,996)
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 2,625 (2,913) (3,947)
Repayment of FHLB advances and other borrowings (176,708) (220,542) (183,188)
FHLB advances 178,474 194,313 211,670
Issuance of stock under equity compensation plan 0 135 0
Purchase of treasury stock 0 (179) (878)
Cash dividends paid - common stock (2,684) (1,993) (1,474)
Net cash provided by financing activities 389 41,477 137,329
Net increase (decrease) in cash and cash equivalents 36,038 (20,795) 36,883
Cash and cash equivalents, beginning of year 42,083 62,878 25,995
Cash and cash equivalents, end of year 78,121 42,083 62,878
Cash paid during the year for:      
Interest 15,150 12,719 7,951
Income taxes 3,620 241 3,975
Noncash investing and financing activities:      
Other real estate and repossessed assets acquired in settlement of loans 452 1,106 374
Net deposits and fixed assets transferred to other assets related to the Branson branch sale (8,885) 0 0
Right of use assets obtained in exchange for new operating lease liabilities 2,424 0 0
Stock dividends $ 5,795 $ 5,014 $ 4,166