XML 24 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows - Class of Stock [Domain] - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 383 $ 156
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 495 545
Provision for loan losses 150 0
Loss on sale of securities available-for-sale 0 140
Loss on loans held-for-sale 0 357
Net (gain) loss on sale of real estate owned (1) 4
Gain on sale of branch 0 (438)
Net stock-based compensation expense 33 102
Premium amortization on securities, net 518 535
Earnings on bank owned life insurance (408) (402)
Net changes in other assets and other liabilities 15,488 9,457
Net cash provided by operating activities 16,658 10,456
Cash flows from investing activities    
Purchases of securities available-for-sale (15,934) (11,850)
Proceeds from maturities, principal payments and calls of securities available-for-sale 12,106 10,416
Proceeds from sales of securities available-for-sale 0 2,133
Net change in loans 3,058 (2,009)
Proceeds from sale of real estate owned 303 318
Net cash paid with sale of branch 0 (12,464)
Premises and equipment expenditures (316) (241)
Proceeds from sale of loans 0 423
Net cash used in investing activities (783) (13,274)
Cash flows from financing activities    
Net change in deposits 17,333 5,748
Repayment of borrowings (7,089) (15)
Proceeds from redemption of FHLB stock 0 549
Net cash provided by financing activities 10,244 6,282
Net change in cash and cash equivalents 26,119 3,464
Cash and cash equivalents at beginning of period 21,274 25,357
Cash and cash equivalents at end of period 47,393 28,821
Cash paid during the period for:    
Cash paid during the period for interest on deposits and borrowings 550 620
Non-cash investing and financing activities:    
Transfer of loans to real estate owned $ 0 $ 509