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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities:    
Net income $ 9,219 $ 28,884
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 3,714 3,656
Depreciation and amortization 4,026 4,109
Amortization/Accretion of investments 987 1,801
(Gain) loss on sale/call of securities 0 17
Gain on sale of assets (35) (1,857)
Repossessed asset write downs, gains and losses on dispositions 150 96
FHLB stock dividends (358) (20)
Change in other assets and liabilities, net 4,011 179
Net Cash Provided by Operating Activities 21,714 36,865
Cash Flows From Investing Activities:    
Proceeds from maturities, calls and sales of AFS securities 51,406 52,986
Funds invested in AFS securities (2,626) (153,053)
Funds invested in intangibles (100) 0
Proceeds from maturities and calls of HTM securities 289 0
Proceeds from sale/redemption of Federal Home Loan Bank stock 2,425 2,182
Funds invested in Federal Home Loan Bank stock (8,929) (7,331)
Net increase in loans (234,123) (362,543)
Purchases of premises and equipment (14,855) (2,643)
Proceeds from sales of premises and equipment 324 70
Proceeds from sales of other real estate owned 101 2,421
Net Cash Used In Investing Activities (206,088) (467,911)
Cash Flows From Financing Activities:    
Net increase in deposits 285,302 127,300
Net (decrease) increase in federal funds purchased and short-term borrowings (80,145) 140,003
Proceeds from long-term borrowings, net of costs 195,097 0
Repayment of long-term borrowings (22,946) (5,783)
Common stock issued in private placement 20,000 0
Dividends paid on preferred stock (2,328) (2,328)
Dividends paid on common stock (7,370) (6,859)
Net Cash Provided By Financing Activities 387,610 252,333
Net (Decrease) Increase In Cash and Cash Equivalents 203,236 (178,713)
Cash and Cash Equivalents at the Beginning of the Period 83,219 261,932
Cash and Cash Equivalents at the End of the Period 286,455 83,219
Noncash Activities:    
Acquisition of real estate in settlement of loans 1,388 558
Transfer of securities from AFS to HTM 0 176,181
Common stock issued for stock grants 750 0
Cash Paid During the Period:    
Interest on deposits and borrowed funds 90,786 36,725
Federal    
Cash Paid During the Period:    
Income taxes paid 3,100 7,600
State    
Cash Paid During the Period:    
Income taxes paid $ 330 $ 20