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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net income $ 11,672 $ 19,342
Adjustments to reconcile to net loss to net cash from operating activities    
Provision for (recovery of) loan losses 3,825 145
Stock-based compensation expense 0 6
Depreciation and amortization 1,613 1,535
Amortization of premiums and discounts on securities and loans 8 11
Amortization of intangibles 61 184
Amortization and impairment of servicing assets 85 94
Net change in net deferred loan origination costs 157 197
Net loss on sale of other real estate owned (111) 56
Gain on sale of equity securities (295) (3,558)
Gain (Loss) on Disposition of Other Assets 44  
Gain on sale of premises held-for-sale 0 (93)
Other real estate owned valuation adjustments 38 27
Net change in:    
Deferred income tax 2,362 6,328
Accrued interest receivable 389 (333)
Earnings on bank owned life insurance (136) (174)
Other assets 3,864 1,694
Accrued interest payable and other liabilities (2,202) (1,349)
Net Cash Provided by (Used in) Operating Activities 21,374 20,685
Securities    
Proceeds from maturities 107,921 114,583
Proceeds from principal repayments 3,076 3,587
Proceeds from sales of securities 3,722 4,059
Purchases of securities (83,081) (113,614)
Loans receivable    
Payments for (Proceeds from) Federal Home Loan Bank Stock (540) (1,312)
Purchase of FHLB and FRB stock (4) (1,048)
Proceeds from sale of other real estate owned 1,299 2,172
Purchases of premises and equipment, net (798) (1,609)
Net cash from (used in) investing activities 184,176 8,060
Cash flows from financing activities    
Net change in deposits (67,727) 12,433
Net change in borrowings (20,988) (39,719)
Net change in advance payments by borrowers for taxes and insurance (309) (1,114)
Repurchase and retirement of common stock (18,139) (23,284)
Cash dividends paid on common stock (6,266) (6,449)
Net cash used in financing activities (113,429) (58,133)
Net change in cash and cash equivalents 92,121 (29,388)
Beginning cash and cash equivalents 98,204 127,592
Ending cash and cash equivalents 190,325 98,204
Supplemental disclosures of cash flow information:    
Interest paid 13,446 9,073
Income taxes paid 412 342
Income taxes refunded 18 0
Loans transferred to other real estate owned 186 1,482
Transfer of Property to Held-for-sale $ 6,694 $ 0