NWSB Annual Report 2024 | Page 38

NEW INDEPENDENT BANCSHARES, INC. AND SUBSIDIARY
Consolidated Statements of Cash Flows For the Years Ended December 31,
Operating Activities Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Depreciation of Premises and Equipment Net Premium Amortization on Investments Securities Amortization of Loan Fees Provision for Credit Losses Stock Issued as Compensation Loss on Sale of Investments Gain on Sale VISA Stock Gain on Sale of Premises and Equipment Gain on Other Real Estate Owned Loss on Repossessions Deferred Income Tax Benefit( Expense) Net Change in: Accrued Interest Receivable Bank Owned Life Insurance Right-of-Use Assets Operating Lease Assets Other Assets Accrued Interest Payable Operating Lease Liabilities Other Liabilities
Net Cash Provided by Operating Activities
$
2024
4,403,837
2023
9,674,851
751,776
626,697
147,914
152,445
( 10,687)
( 4,461)
147,000
353,000
-
64,308
971,405
-
( 1,002,439)
-
( 110,031)
( 1,819)
-
( 4,525)
3,948
20,325
189,371
( 4,342,039)
( 373,212)
( 434,229)
( 423,836)
( 344,177)
366,878
402,387
( 374,018)
( 85,990)
295,312
164,537
( 344,517)
( 382,970)
( 308,579)
( 308,591)
4,330,122
5,549,749
$
Investing Activities Purchases of Held-to-Maturity Securities Purchases of Available-for-Sale Securities
( 735,000)
( 18,750,027)
( 2,000,000)
-
Purchase of Equity Security Purchase of Bank Owned Life Insurance
( 330,750)
( 808,515)
-
( 750,000)
Purchase of Federal Home Loan Bank Stock Principal Received on Available-for-Sale Securities Principal Received on Held-to-Maturity Securities
-
12,522,742
885,000
( 252,500)
15,733,196
100,000
Sales of Available-for-Sale Securities Sale of Equity Security Net Increase in Loans
6,522,930
1,002,440
( 29,165,619)
-
-
( 35,874,228)
Proceeds from Sale of Repossessions
117,805
50,675
Purchase of Premises and Equipment
( 1,376,869)
( 2,013,307)
Proceeds from Sale of Premises and Equipment Net Cash Used in Investing Activities
165,000
( 29,950,863)
46,654
( 24,959,510)
20 | 2024 NWSB Annual Report