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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 15,720 $ 15,347
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization, and accretion 2,177 1,665
Provision for loan losses 269 239
(Benefit from) provision for deferred income taxes (444) 76
Increase in cash surrender value of bank owned life insurance (803) (805)
Loss (gain) on equity securities 384 (76)
Realized (gain) loss from sales of premises and equipment 456 (6)
Gains (Losses) on Sales of Other Real Estate (889) 0
Origination of mortgage loans for sale (8,468) (21,558)
Realized gains from sales of loans (188) (560)
Proceeds from sales of mortgage loans 8,562 21,860
Compensation expense related to restricted stock 417 196
Changes in:    
Accrued interest receivable 377 (287)
Other assets 2,079 (1,740)
Other liabilities (1,307) 438
TOTAL ADJUSTMENTS 2,622 (558)
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES 18,342 14,789
CASH FLOWS FROM INVESTING ACTIVITIES:    
Available-for-sale 17,797 23,464
Held-to-maturity 1,312 1,605
Purchases of equity securities (13) (13)
Available-for-sale (38,581) (132,428)
Held-to-maturity (755) (1,215)
Net increase in loans (7,454) (38,861)
Purchases of premises and equipment (553) (1,203)
Proceeds from sale of premises and equipment 874 6
NET CASH FLOWS USED IN INVESTING ACTIVITIES (24,606) (148,645)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 28,551 147,780
Net increase in short-term borrowings 4,000 0
Proceeds from Issuance of Other Long-Term Debt 15,000 0
Principal payments on long-term debt (461) (7,000)
Proceeds from issuance of common stock 308 28
Repurchase of common stock (22,980) (7,871)
Proceeds from exercise of stock options 0 4
Cash dividends paid on common stock (6,830) (6,963)
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 17,588 125,978
NET CHANGE IN CASH AND CASH EQUIVALENTS 11,324 (7,878)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 18,136 31,730
CASH AND CASH EQUIVALENTS AT END OF PERIOD 29,460 23,852
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 3,243 3,336
Income Taxes Paid, Net 2,900 3,190
Transfer from loans to other real estate owned 716 0
Right-of-use assets obtained in exchange for new operating lease liabilities 0 801
Proceeds from sale of other real estate owned 1,605 0
Proceeds from Sale of Federal Home Loan Bank Stock $ 1,162 $ 0