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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income $ 13,127 $ 16,757 $ 14,253
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:      
Provision for loan losses 5,961 1,102 1,267
Depreciation and amortization of premises and equipment 1,301 1,146 1,043
Amortization of net premiums on securities 587 248 239
Stock-based compensation 997 1,275 969
Gain on sales of loans (6,092) (5,905) (4,880)
Gain on sales of other assets (213)    
Earnings on company owned life insurance (261) (1,512) (304)
Origination of loans held for sale (111,015) (89,778) (74,246)
Proceeds from sales of loans held for sale 92,448 92,213 91,856
Amortization of servicing assets 1,737 2,084 2,041
Amortization of low income housing partnerships 262 223 226
Net change in fair value of equity investment with readily determinable fair value (79) (140) 30
Net change in:      
Accrued interest receivable (1,462) (98) (605)
Deferred tax assets (2,326) (397) 237
Other assets 553 189 469
Accrued interest payable (1,665) 971 1,292
Other liabilities 1,184 407 (3,282)
Net cash from operating activities (4,956) 18,785 30,605
Cash flows from investing activities      
Net change in loans receivable (109,470) (115,767) (127,806)
Proceeds from matured, called, or paid-down securities available for sale 30,321 14,549 6,562
Proceeds from COLI   2,288  
Purchase of securities available for sale (65,226) (14,964) (23,358)
Purchase of equity investments   (1,000)  
Purchase of FHLB stock (685) (776) (485)
Purchase of premises and equipment, net (619) (1,739) (1,195)
Investment in low income housing partnerships (1,389) (622)  
Net cash from investing activities (147,068) (118,031) (146,282)
Cash flows from financing activities      
Net change in deposits 179,379 115,535 131,870
Cash received from stock option exercises 380 563 714
Borrowing of Federal Home Loan Bank advances 10,000    
Repayment of Federal Home Loan Bank advances (5,000)   (25,000)
Issuance of common stock, net of expenses     22,569
Repurchase of common stock (8,104) (5,391)  
Cash dividend paid on common stock (4,262) (3,151)  
Net cash from financing activities 172,393 107,556 130,153
Net change in cash and cash equivalents 20,369 8,310 14,476
Cash and cash equivalents at beginning of period 86,036 77,726 63,250
Cash and cash equivalents at end of period 106,405 86,036 77,726
Supplemental cash flow information      
Income taxes 6,125 4,205 6,609
Interest 9,957 13,535 7,819
Supplemental noncash disclosure:      
The adoption of ASU 2016-02, leases (Topic 842) recognition right-of-use assets 6,786 8,254  
Transfer from securities available for sale to other investments     $ 2,486
New commitments to low income housing partnership investments $ 3,477    
ASU 2016-02      
Supplemental noncash disclosure:      
The adoption of ASU 2016-02, leases (Topic 842) recognition right-of-use assets   $ 8,254