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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net earnings $ 2,081 $ 2,006
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses (250) 0
Depreciation and amortization 244 297
Premium amortization and discount accretion, net 909 959
Net gain on sale of loans held for sale (229) (537)
Loans originated for sale (5,792) (17,503)
Proceeds from sale of loans 6,366 20,036
Increase in cash surrender value of bank owned life insurance (99) (103)
Net (increase) decrease in other assets (5,161) 15
Net (decrease) increase in accrued expenses and other liabilities 3,938 694
Net cash provided by operating activities 2,007 5,864
Cash flows from investing activities:    
Proceeds from prepayments and maturities of securities available-for-sale 19,523 24,145
Purchase of securities available-for-sale (40,498) (56,409)
Decrease in loans, net 29,916 (115)
Net purchases of premises and equipment (549) (5,577)
(Increase) decrease in FHLB stock (74) 267
Net cash (used in) provided by investing activities 8,318 (37,689)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits (7,794) 20,471
Net increase in interest-bearing deposits 31,293 20,327
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 546 946
Stock repurchases (120) 0
Dividends paid (932) (927)
Net cash provided by financing activities 22,993 40,817
Net change in cash and cash equivalents 33,318 8,992
Cash and cash equivalents at beginning of period 156,259 112,575
Cash and cash equivalents at end of period 189,577 121,567
Cash paid during the period for:    
Interest 609 687
Income taxes 0 671
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 0 $ 0