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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 5,389 $ 7,860
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 2,145 2,220
Amortization of right of use lease asset 380 319
Accretion related to acquisition, net (176) (239)
Provision for loan losses 1,000 318
Gain on sale of securities, net (264) (314)
Net amortization of securities 627 1,103
(Increase) in loans held for sale, net (13,823) (111)
Net (gain) loss on disposal of premises and equipment (818) 82
Net gain on write-down/sale of other real estate owned (62) (2)
Income from bank owned life insurance (839) (784)
Stock compensation expense 261 224
Deferred tax benefit (634) 352
(Decrease) increase in other assets (966) 1,967
Decrease in accrued expenses and other liabilities (855) (625)
Net cash (used in) provided by operating activities (8,635) 12,370
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of available-for-sale securities (73,057) (103,036)
Proceeds from redemption restricted securities, net 1,559 927
Proceeds from maturities and calls of available-for-sale securities 10,747 29,725
Proceeds from sales of available-for-sale securities 13,944 65,699
Paydowns on available-for-sale securities 12,559 11,984
Net (increase) decrease in loans held for investment (89,588) 25,529
Proceeds from sales of other real estate owned 316 85
Purchases of premises and equipment (924) (1,782)
Proceeds from sale of premises and equipment 2,203 0
Net cash (used in) provided by investing activities (122,241) 29,131
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in noninterest-bearing deposits 98,044 16,293
Increase in savings deposits 113,916 31,105
Decrease in time deposits (34,220) (917)
Decrease in federal funds purchased, repurchase agreements and other borrowings, net (5,433) (14,923)
Increase in Federal Home Loan Bank advances 25,000 10,000
Repayment of Federal Home Loan Bank advances (62,000) (33,000)
Increase in Federal Reserve Bank borrowings 37,515 0
Repayment of Federal Reserve Bank borrowings (8,965) 0
Proceeds from ESPP issuance 96 85
Cash dividends paid on common stock (2,505) (2,496)
Net cash provided by financing activities 161,448 6,147
Net increase in cash and cash equivalents 30,572 47,648
Cash and cash equivalents at beginning of period 89,865 42,217
Cash and cash equivalents at end of period 120,437 89,865
Cash payments for:    
Interest 5,528 6,396
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS    
Unrealized gain on securities available-for-sale 5,250 2,629
Loans transferred to other real estate owned 254 0
Former bank property transferred from fixed assets to held for sale assets 0 906
Right of use lease asset and liability $ 1,312 $ 751