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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 8,453 $ 7,978
Adjustments to reconcile net income to net cash provided by operating activities:    
Net accretion of acquisition accounting estimates (172) (262)
Provision for credit losses 1,350 300
Depreciation and amortization 1,225 1,198
Net amortization of securities 203 262
Stock-based compensation expense 123 31
Deferred income tax (benefit) expense (1,598) 233
(Gains) on sales and calls of securities (347)  
Losses on disposals of premises and equipment 40  
Losses on sales and valuation adjustments on other real estate owned 18 287
Fair value adjustment on equity securities (32) (41)
Bank owned life insurance income (647)  
Net changes in:    
Accrued interest receivable (2,712) (326)
Other assets (455) 2,644
Accrued interest payable (123) (383)
Other liabilities 4,429 (7,485)
Net cash provided by operating activities 9,755 4,436
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal payments of investment securities available for sale 26,360 12,542
Proceeds from sales and calls of investment securities available for sale 13,019  
Proceeds from maturities and principal payments of investment securities held to maturity 105 150
Purchases of securities held to maturity (3,021)  
Purchases of equity securities (14) (15)
Net change in loans (159,251) (45,130)
Purchases of premises and equipment (1,476) (545)
Proceeds from sales of premises and equipment 2  
Proceeds from sales of other real estate owned 18 411
Net redemption of restricted securities 564 1,381
Net cash (used in) investing activities (123,694) (31,206)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Noninterest-bearing deposits 86,378 16,450
Interest-bearing deposits 77,077 20,323
Short-term borrowings (162) (35,304)
Long-term borrowings (15,000)  
Common stock dividends paid (3,002) (2,556)
Repurchase of shares for tax withholding on exercised options and vested restricted stock (39) (88)
Net cash (used in) financing activities 145,252 (1,175)
Net increase in cash and cash equivalents 31,313 (27,945)
Cash and cash equivalents at beginning of period 94,971 67,225
Cash and cash equivalents at end of period 126,284 39,280
Supplemental cash flows information:    
Interest paid 3,914 5,219
Income taxes paid 174 9,669
Lease liabilities arising from right-of-use assets 419 3,877
Unrealized gain on securities available for sale 2,460 3,780
Amortization of unrealized loss on securities transferred from available for sale to held to maturity $ 12 $ 14