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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 16,198 $ 24,997
Adjustments to reconcile net income to net cash provided by operating activities:    
Net accretion of acquisition accounting estimates (468) (679)
Provision for credit losses 700 1,674
Depreciation and amortization 2,393 2,297
Net amortization of securities 512 649
Stock-based compensation expense 149 447
Deferred income tax expense (benefit) 241 (1,610)
Losses on sales and valuation adjustments on other real estate owned 417 290
Net (gain) on disposal of discontinued operations   (12,736)
Fair value adjustment on equity securities (42) 5
Bank owned life insurance income (443) (73)
Net changes in:    
Accrued interest receivable (110) 164
Other assets 2,304 (3,258)
Accrued interest payable (274) 539
Other liabilities (7,834) 5,590
Net cash provided by operating activities 13,743 18,296
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal payments of investment securities available for sale 35,447 38,914
Proceeds from maturities and principal payments of investment securities held to maturity 1,282 228
Purchases of securities held to maturity (4,000)  
Purchases of equity securities (31) (616)
Net change in loans (53,528) (102,644)
Purchases of premises and equipment (2,244) (1,133)
Proceeds from sales of other real estate owned 731 378
Net redemption of restricted securities 2,286  
Net purchases of restricted securities   (2,741)
Net proceeds from disposal of discontinued operations   25,159
Purchases of bank owned life insurance (25,621)  
Net cash (used in) investing activities (45,678) (42,455)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Noninterest-bearing deposits 26,152 2,144
Interest-bearing deposits 103,002 7,690
Short-term borrowings (59,586) 39,078
Long-term borrowings   15,000
Common stock dividends paid (5,347) (4,079)
Retirement of common stock (4,452)  
Repurchase of shares for tax withholding on exercised options and vested restricted stock (88) (269)
Net cash provided by financing activities 59,681 59,564
Net increase in cash and cash equivalents 27,746 35,405
Cash and cash equivalents at beginning of period 67,225 31,820
Cash and cash equivalents at end of period 94,971 67,225
Supplemental cash flows information:    
Interest paid 10,071 5,008
Income taxes paid 11,920 5,365
Lease liabilities arising from right-of-use assets 5,243  
Transfers from loans to other real estate owned   96
Unrealized gain (loss) on securities available for sale 4,314 (2,308)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity $ 29 $ 30