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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 8,440 $ 5,389
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 2,091 2,145
Amortization of right of use lease asset 347 380
Accretion related to acquisition, net (2) (176)
Amortization of subordinated debt issuance costs 60 0
Provision for loan losses 794 1,000
Gain on sale of securities, net 0 (264)
Net amortization of securities 989 627
Decrease (increase) in loans held for sale, net 11,126 (13,823)
Net (gain) loss on disposal of premises and equipment 0 (818)
Net gain on write-down/sale of other real estate owned 0 (62)
Income from bank owned life insurance (1,014) (839)
Stock compensation expense 294 261
Deferred tax expense (benefit) 275 (634)
Decrease in other assets (748) (966)
Increase (decrease) in accrued expenses and other liabilities 524 (855)
Net cash provided by (used in) operating activities 23,176 (8,635)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of available-for-sale securities (90,070) (73,057)
Proceeds from redemption (purchase) of restricted securities, net 333 1,559
Proceeds from maturities and calls of available-for-sale securities 11,780 10,747
Proceeds from sales of available-for-sale securities 6,880 13,944
Paydowns on available-for-sale securities 19,479 12,559
Net increase in loans held for investment (7,650) (89,588)
Proceeds from sales of other real estate owned 0 316
Purchases of premises and equipment (1,514) (924)
Proceeds from sale of premises and equipment 31 2,203
Net cash used in investing activities (60,731) (122,241)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in noninterest-bearing deposits 60,929 98,044
Increase in savings deposits 73,514 113,916
Decrease in time deposits (24,580) (34,220)
Increase (decrease) in federal funds purchased, repurchase agreements and other borrowings, net (3,433) (5,433)
Increase in Federal Home Loan Bank advances 0 25,000
Repayment of Federal Home Loan Bank advances 0 (62,000)
Increase in Federal Reserve Bank borrowings 0 37,515
Repayment of Federal Reserve Bank borrowings (28,070) (8,965)
Increase in long term borrowings 29,347 96
Proceeds from ESPP issuance 103 0
Repurchase of common stock (150) 0
Cash dividends paid on common stock (2,620) (2,505)
Net cash provided by financing activities 105,040 161,448
Net increase in cash and cash equivalents 67,485 30,572
Cash and cash equivalents at beginning of period 120,437 89,865
Cash and cash equivalents at end of period 187,922 120,437
Cash payments for:    
Interest 3,149 5,528
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS    
Unrealized (loss) gain on securities available-for-sale (3,030) 5,250
Loans transferred to other real estate owned 0 254
Former bank property transferred from fixed assets to held for sale assets 902 0
Right of use lease asset and liability 0 1,312
Receivable for BOLI death benefit $ 1,232 $ 0