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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income $ 3,817 $ 4,936
Adjustments reconciling net income to net cash provided by operating activities:    
Provision for loan losses 4,156 310
Depreciation, amortization, and accretion 2,042 1,386
Share-based compensation expense 17 17
Gain on sale of securities (293) (65)
Gain on sale of SBA loans (256) 0
Loss on sale of other real estate (98) (833)
Loss on sale of premises & equipment 104 149
Originations of loans held for sale (83,007) (13,404)
Proceeds from sales of loans held for sale 76,802 9,591
Change in bank-owned life insurance (334) 219
Change in other assets (2,210) 1,031
Change in other liabilities 2,651 616
Net cash provided by operating activities 3,391 3,953
Investing Activities    
Purchases of investment securities available for sale (79,988) (82,057)
Proceeds from maturities, calls, and paydowns of investment securities available for sale 46,302 27,373
Proceeds from sale of investment securities available for sale 15,314 56,821
Proceeds from sale of investment securities held to maturity 0 1,766
Net loans (147,129) (23,474)
Purchase of premises and equipment (2,011) (2,576)
Proceeds from sale of other real estate 1,125 2,143
Redemption of Federal Home Loan Bank Stock 334 195
Proceeds from sale of premises and equipment 0 37
Net cash and cash equivalents paid in acquisition 0 (467)
Net cash (used in) investing activities (166,053) (20,239)
Financing Activities    
Increase in noninterest-bearing customer deposits 96,215 8,017
Increase in interest-bearing customer deposits 31,801 14,728
Dividends paid for common stock (1,900) (1,266)
Issuance of Paycheck Protection Program Liquidity Fund 134,500 0
Payments on Federal Home Loan Bank Advances (24,500) (5,000)
Proceeds from Federal Home Loan Bank Advances 14,000 0
Payments on Other borrowings (500) (250)
Proceeds from Other borrowings 0 15,313
Net cash provided by financing activities 249,616 31,542
Net increase in cash and cash equivalents 86,954 15,256
Cash and cash equivalents at beginning of period 104,092 60,156
Cash and cash equivalents at end of period 191,046 75,412
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 5,179 5,459
Cash paid during the period for income taxes 0 0
Goodwill adjustment 485 0
Acquisition of real estate through foreclosure $ 1,476 $ 245