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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 4,583 $ 328
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 271 285
Right of use asset amortization 85 81
Provision for (recovery of) loan losses (34) 632
Gain on sale of securities available for sale (940) (58)
Gain on sale of mortgage loans 3,041 621
Gain on sale of OREO   (42)
OREO write-downs   21
Realized/unrealized (gain) loss on equity securities 19 (231)
Net amortization of premium on investment securities available for sale 174 98
Net amortization of premium on investment securities held to maturity 39 26
Amortization of mortgage servicing rights 383 187
Originations and purchases of mortgage loans for sale (108,979) (27,736)
Proceeds from sales of mortgage loans for sale 98,313 24,737
Mortgage interest rate lock commitments (35)  
Loan servicing assets (938) (373)
Accrued interest receivable 179 (93)
Prepaid assets (72) (653)
Cash surrender value of life insurance (32) (36)
Miscellaneous other assets 2,056 1,151
Accrued interest payable (5) (17)
Mortgage forward sales commitments (1,011)  
Miscellaneous other liabilities 2,412 (1,276)
Net cash used by operating activities (491) (2,348)
Cash flows from investing activities    
Proceeds from sales of investment securities available for sale 34,237 7,586
Proceeds from sale of equity securities 929  
Proceeds from maturities, calls and paydowns of securities available for sale 4,505 1,471
Proceeds from maturities, calls and paydowns of securities held to maturity 366 1,668
Purchase of investment securities available for sale (41,445) (26,694)
Purchase of investment securities held to maturity   (4,064)
Purchase of equity securities   (901)
Proceeds from sales of investments in other assets 1,125  
Net change in restricted stock 245 (22)
Net (increase) decrease in loans 7,184 (10,288)
Purchase of premises and equipment (72) (269)
Proceeds from sale of OREO   77
Net cash provided (used) by investing activities 7,074 (31,436)
Cash flows from financing activities    
Net increase in deposit accounts 953 18,448
Net increase (decrease) in federal funds purchased and other short-term borrowings 628 (101)
Proceeds from long-term borrowings 250  
Repurchase of common stock, net (83) (612)
Dividends paid on preferred stock (noncontrolling interest) (139) (141)
Net cash provided by financing activities 1,609 17,594
Increase (decrease) in cash and cash equivalents 8,192 (16,190)
Cash and cash equivalents, beginning of period 88,868 155,198
Cash and cash equivalents, end of period 97,060 139,008
Supplemental disclosures of cash flow information    
Interest paid 328 767
Supplemental schedule of non-cash activities    
Net change in fair value of securities available for sale, net of tax $ 3,772 $ 1,604