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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 15,730 $ 16,198
Adjustments to reconcile net income to net cash provided by operating activities:    
Net accretion of acquisition accounting estimates (330) (468)
Provision for credit losses 3,900 700
Depreciation and amortization 2,476 2,393
Net amortization of securities 513 512
Amortization of debt issuance costs 40  
Stock-based compensation expense 263 149
Deferred income (benefit) tax expense (2,185) 241
(Gains) on sales and calls of securities (347)  
Losses on sales and disposals of premises and equipment 41  
Losses on sales and valuation adjustments on other real estate owned 56 417
Fair value adjustment on equity securities (28) (42)
Bank owned life insurance income (917) (443)
Net changes in:    
Accrued interest receivable (3,161) (110)
Other assets (255) 2,304
Accrued interest payable 317 (274)
Other liabilities 2,317 (7,834)
Net cash provided by operating activities 18,430 13,743
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal payments of investment securities available for sale 45,329 35,447
Proceeds from sales and calls of investment securities available for sale 13,019  
Purchases of investment securities available for sale (73,450)  
Proceeds from maturities and principal payments of investment securities held to maturity 244 1,282
Purchases of securities held to maturity (57,186) (4,000)
Purchases of equity securities (25) (31)
Net change in loans (205,901) (53,528)
Purchases of premises and equipment (2,375) (2,244)
Proceeds from sales of premises and equipment 2  
Proceeds from sales of other real estate owned 18 731
Net redemption of restricted securities 564 2,286
Purchases of bank owned life insurance (319) (25,621)
Net cash (used in) investing activities (280,080) (45,678)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Noninterest-bearing deposits 152,473 26,152
Interest-bearing deposits 207,008 103,002
Short-term borrowings (176) (59,586)
Long-term borrowings (15,000)  
Proceeds from the issuance of subordinated debt 24,389  
Common stock dividends paid (5,950) (5,347)
Retirement of common stock (9,112) (4,452)
Repurchase of shares for tax withholding on exercised options and vested restricted stock (39) (88)
Stock options exercised 3  
Net cash provided by financing activities 353,596 59,681
Net increase in cash and cash equivalents 91,946 27,746
Cash and cash equivalents at beginning of period 94,971 67,225
Cash and cash equivalents at end of period 186,917 94,971
Supplemental cash flows information:    
Interest paid 6,833 10,071
Income taxes paid 7,935 11,920
Lease liabilities arising from right-of-use assets 605 5,243
Unrealized gain on securities available for sale 1,804 4,314
Amortization of unrealized loss on securities transferred from available for sale to held to maturity $ 15 $ 29