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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,915 $ 4,157
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization, and accretion 481 720
Provision for (recovery of) credit losses 125 (57)
Deferred income tax provision (benefit) 44 (648)
Increase in cash surrender value of bank-owned life insurance (318) (271)
Realized and unrealized losses from equity securities, net 10 31
Debt Securities, Available-for-Sale, Realized Gain (Loss) 214 0
Origination of mortgage loans for sale (32,620) (335)
Realized gains from sales of loans (522) (6)
Proceeds from sales of mortgage loans 22,429 338
Compensation expense related to restricted stock 315 316
Changes in:    
Accrued interest receivable (710) (523)
Other assets (936) 597
Other liabilities (2,921) (1,827)
TOTAL ADJUSTMENTS (14,409) (1,665)
NET CASH FLOWS (USED IN) PROVIDED BY OPERATING ACTIVITIES (12,494) 2,492
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of equity securities 0 963
Proceeds from sales of debt securities, available-for-sale 9,615 0
Available-for-sale 4,624 2,769
Held-to-maturity 112 108
Purchases of equity securities (8) (7)
Available-for-sale (2,207) (300)
Payments to Acquire Federal Reserve Bank Stock (688) 0
Payments to Acquire Federal Home Loan Bank Stock (1,293) (3,306)
Proceeds from Sale of Federal Home Loan Bank Stock 0 754
Net increase in loans 2,961 6,912
Purchases of premises and equipment (858) (588)
NET CASH FLOWS PROVIDED BY INVESTING ACTIVITIES 12,258 7,305
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits 34,104 (1,089)
Net increase (decrease) in short-term borrowings (87,395) 5,045
Proceeds from Issuance of Other Long-Term Debt 50,000 0
Principal payments on long-term debt (493) (474)
Proceeds from issuance of common stock 130 103
Repurchase of common stock 0 (1,838)
Cash dividends paid on common stock (2,882) (2,369)
NET CASH FLOWS USED IN FINANCING ACTIVITIES (6,536) (622)
NET CHANGE IN CASH AND CASH EQUIVALENTS (6,772) 9,175
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 39,723 22,701
CASH AND CASH EQUIVALENTS AT END OF PERIOD 32,951 31,876
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 10,312 3,433
Loan and Lease, Transfer from Held-in-Portfolio to Held-for-Sale 64,869 $ 0
Right-of-use assets obtained in exchange for new operating lease liabilities $ 0