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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash Flows from Operating Activities          
Net income $ 3,901 $ 5,574 $ 8,432 $ 10,460  
Adjustments to reconcile net income to net cash provided by operating activities:          
Recovery of credit losses 10 310 12 444 $ 706
Depreciation of bank premises and equipment     338 298  
Amortization of premiums and accretion of discounts, net     524 660  
Loss on sales of securities available for sale, net 3,344 0 3,332 0  
Loss on sales of repossessed assets     5 0  
Increase in cash value of bank-owned life insurance     (481) (479)  
Gain on BOLI settlement     (1,037) 0  
Origination of mortgage loans held for sale     (5,251) (4,342)  
Proceeds from sale of mortgage loans held for sale     5,322 4,565  
Gain on sale of mortgage loans held for sale (55) (35) (71) (96)  
Equity based compensation expense     5 0  
Net change in:          
Accrued interest receivable     283 (402)  
Other assets     (748) (741)  
Accrued interest payable     154 (2)  
Other liabilities     (2,435) (317)  
Net cash provided by operating activities     8,384 10,048  
Cash Flows from Investing Activities          
Proceeds from calls, principal payments, sales and maturities of securities available for sale     50,872 24,182  
Purchase of securities available for sale     0 (95,341)  
Net change in restricted stock     12 (96)  
Purchase of loan participations     (3,630) (10,801)  
Collection of loan participations     5,146 4,437  
Loan originations and principal collections, net     4,520 (39,337)  
Proceeds from sale of repossessed assets     9 0  
Recoveries on loans charged off     207 86  
Proceeds from sale and purchases of premises and equipment, net     (1,011) (349)  
Net cash provided by (used in) investing activities     56,125 (117,219)  
Cash Flows from Financing Activities          
Net change in time deposits     79,350 1,997  
Net change in other deposits     (135,043) 81,247  
Common stock repurchased     0 (2,928)  
Cash dividends paid     (10,189) (4,324)  
Net cash (used in) provided by financing activities     (65,882) 75,992  
Net change in cash and due from banks     (1,373) (31,179)  
Cash and due from banks at beginning of period     71,429 138,789 138,789
Cash and due from banks at end of period 70,056 107,610 70,056 107,610 $ 71,429
Supplemental Disclosures of Cash Flow Information          
Interest paid on deposits     8,324 1,304  
Income taxes paid     3,847 2,184  
Supplemental Disclosure of Noncash Activities          
Loans charged against the allowance for credit losses     160 135  
Loans transferred to repossessed assets     7 0  
Unrealized holding gain (loss) on securities available for sale     12,054 (74,328)  
Lease liabilities arising from obtaining right-of-use assets $ 0 $ 0 $ 0 $ 25