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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 15,707 $ 15,427
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 1,615 (160)
Depreciation and amortization 530 844
Amortization of premiums on securities, net 412 402
Accretion of deferred loan fees, net (1,364) (2,893)
Stock based compensation 397 131
Gain on sale of available for sale securities 540 (179)
Gain on sale of loans held for sale (686) (1,519)
Increase in cash surrender value of bank owned life insurance (794) (499)
Decrease in deferred tax asset 5,529 4,849
Net change in operating assets and liabilities:    
Accrued interest receivable (593) (530)
Other assets (4,163) (2,724)
Accrued interest and other liabilities 14,432 10,499
Net cash provided by operating activities 31,562 23,648
Cash flows from investing activities:    
Purchase of investment securities held to maturity (2,432) (31,919)
Proceeds from maturities and pay-down of investment securities held to maturity 9,689 645
Purchase of investment securities available for sale (49,808) (158,333)
Proceeds from maturities and pay-down of investment securities available for sale 35,502 41,966
Proceeds from sales of investment securities available for sale 45,647 48,939
Net increase in loans held for investment (177,916) (55,451)
Purchase of loans held for investment (70,175) (93,677)
Additions to premises and equipment (175) (314)
Proceeds from the sale of loans held for sale 8,641 15,606
Proceeds from the redemption of Federal Home Loan Bank stock 2,250 611
Purchase of Federal Home Loan Bank stock (2,052)  
Net cash used in investment activities (200,829) (231,927)
Cash flows from financing activities:    
Proceeds from issuance of Class A common stock, net 102 39,952
Cash dividends paid   (2,077)
Net increase in deposits 206,263 211,187
Proceeds from Federal Home Loan Bank advances 60,000  
Repayments on Federal Home Loan Bank advances (70,000)  
Net cash provided by financing activities 196,365 230,142
Net increase (decrease) in cash and cash equivalents 27,098 21,863
Cash and cash equivalents at beginning of year 46,228 47,734
Cash and cash equivalents at end of year 73,326 69,597
Supplemental disclosures of cash flow information:    
Interest paid 3,675 3,329
Supplemental schedule of non-cash investing and financing activities:    
Transfer of loans held for investment to loans held for sale 7,955 14,087
Transfer of investment securities from available-for-sale to held-to-maturity 74,444 68,667
Transfer of premises and equipment to assets held for sale   652
Lease liability arising from obtaining right-of-use assets $ 1,550  
Preferred Stock Class C [Member]    
Cash flows from financing activities:    
Redemption of Preferred stock   (5,275)
Supplemental schedule of non-cash investing and financing activities:    
Exchange of stock for Class A common stock   47,473
Preferred Stock Class D [Member]    
Cash flows from financing activities:    
Redemption of Preferred stock   (6,145)
Supplemental schedule of non-cash investing and financing activities:    
Exchange of stock for Class A common stock   55,308
Preferred Stock Class E [Member]    
Cash flows from financing activities:    
Redemption of Preferred stock   $ (7,500)