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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 8,029 $ 8,453
Adjustments to reconcile net income to net cash provided by operating activities:    
Net accretion of acquisition accounting estimates (142) (172)
Provision for credit losses 1,075 1,350
Depreciation and amortization 1,277 1,225
Net amortization of securities 687 203
Amortization of debt issuance costs 61  
Stock-based compensation expense 196 123
Deferred income tax (benefit) (578) (1,598)
(Gains) on sales and calls of securities   (347)
Losses on sales and disposals of premises and equipment   40
Losses on sales and valuation adjustments on other real estate owned 2 18
Fair value adjustment on equity securities 20 (32)
Bank owned life insurance income (545) (647)
Net changes in:    
Accrued interest receivable 1,229 (2,712)
Other assets (1,127) (455)
Accrued interest payable (90) (123)
Other liabilities 446 4,429
Net cash provided by operating activities 10,540 9,755
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal payments of investment securities available for sale 23,862 26,360
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 3,037 105
Purchases of securities held to maturity (136,422) (3,021)
Purchases of equity securities (10) (14)
Net change in loans (18,156) (159,251)
Purchases of premises and equipment (1,048) (1,476)
Proceeds from sales of premises and equipment   2
Proceeds from sales of other real estate owned   18
Net redemption of restricted securities 437 564
Purchases of bank owned life insurance (10,109)  
Net cash (used in) investing activities (138,409) (123,694)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Noninterest-bearing deposits 28,918 86,378
Interest-bearing deposits 151,004 77,077
Short-term borrowings 1,857 (162)
Long-term borrowings   (15,000)
Common stock dividends paid (2,820) (3,002)
Retirement of common stock (819)  
Repurchase of shares for tax withholding on exercised options and vested restricted stock   (39)
Net cash provided by financing activities 178,140 145,252
Net increase in cash and cash equivalents 50,271 31,313
Cash and cash equivalents at beginning of period 186,917 94,971
Cash and cash equivalents at end of period 237,188 126,284
Supplemental cash flows information:    
Interest paid 3,046 3,914
Income taxes paid 2,441 174
Lease liabilities arising from right-of-use assets 1,132 419
Unrealized (loss) gain on securities available for sale (1,269) 2,460
Transfers from loans to other real estate owned $ 205  
Amortization of unrealized loss on securities transferred from available for sale to held to maturity   $ 12