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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net income $ 4,919 $ 1,603
Adjustments reconciling net income to net cash provided by operating activities:    
Provision 500 1,956
Depreciation, amortization, and accretion 1,762 140
Share-based compensation expense 9 8
Net change in servicing asset (290) 40
(Loss) Gain on sale of securities 4 (293)
Gain on sale of SBA loans (1,471) (210)
Loss on sale of other real estate owned (25) 0
Writedown on other real estate owned 16 125
Loss on sale of premises & equipment 0 18
Originations of loans held for sale (105,919) (30,093)
Proceeds from sales of loans held for sale 131,347 29,357
Change in bank-owned life insurance (34) (156)
Deferred tax benefit (589) (292)
Change in other assets (3,619) 525
Change in other liabilities 1,653 587
Net cash provided by operating activities 28,263 3,315
Investing Activities    
Purchases of investment securities available for sale (86,465) (14,454)
Proceeds from maturities, calls, and paydowns of investment securities available for sale 24,819 20,022
Proceeds from sale of investment securities available for sale 1,643 15,314
Net loans (3,525) (20,932)
Purchase of premises and equipment (1,300) (649)
Proceeds from sale of other real estate owned 607 813
Redemption of Federal Home Loan Bank Stock 593 397
Proceeds from sale of premises and equipment 0 25
Net cash (used in) investing activities (63,628) 536
Financing Activities    
Change in noninterest-bearing customer deposits 57,831 2,634
Change in interest-bearing customer deposits 23,026 (3,300)
Dividends paid for common stock (973) (950)
Payment on Paycheck Protection Program Liquidity Fund (46,187) 0
Payments on Federal Home Loan Bank Advances 0 (24,500)
Proceeds from Federal Home Loan Bank Advances 0 14,000
Payments on Other borrowings (250) 0
Net cash provided by (used in) financing activities 33,447 (12,116)
Net decrease in cash and cash equivalents (1,918) (8,265)
Cash and cash equivalents at beginning of period 183,506 104,092
Cash and cash equivalents at end of period 181,588 95,827
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 994 2,867
Acquisition of real estate through foreclosure $ 110 $ 465