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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Operating Activities    
Net income $ 1,647 $ 2,631
Items not requiring (providing) cash    
Depreciation and amortization 591 573
Provision for loan losses 1,175 333
Amortization of premiums and discounts on securities 1,336 1,194
Amortization of mortgage servicing rights 51 38
Amortization of deferred loan origination fees $ (81) (99)
Amortization of intangible asset 38
Deferred income taxes $ 143 (65)
Net gains on sale of loans (193) (251)
Proceeds from sale of loans in the secondary market 6,070 6,846
Origination of loans for sale in the secondary market (5,877) (6,595)
Amortization expense of stock benefit plan 95 95
Provision for impairment on foreclosed assets held for sale 37 28
Loss on sale of foreclosed assets held for sale 106 2
Loss on sale of premises and equipment 2 4
Increase in value of bank-owned life insurance (272) (276)
Changes in    
Accrued interest receivable 5 30
Other assets (454) (142)
Interest payable and other liabilities (298) (203)
Net cash provided by operating activities 4,083 4,181
Investing Activities    
Purchases of available-for-sale securities (12,971) (29,582)
Purchase of held-to-maturity securities (1,637) (449)
Proceeds from maturities and paydowns of available-for-sale securities 24,177 24,162
Proceeds from maturities and paydowns of held-to-maturity securities $ 282 63
Proceeds from Federal Home Loan Bank Stock 799
Net change in loans $ (28,914) (5,043)
Purchase of premises and equipment $ (427) (721)
Proceeds from the sale of premises and equipment 7
Proceeds from the sale of foreclosed assets $ 330 120
Net cash used in investing activities (19,160) (10,644)
Financing Activities    
Net change in deposits 13,505 11,351
Net change in other short-term borrowings (1,394) (212)
Proceeds from Federal Home Loan Bank advances 30,562 5,762
Repayments of Federal Home Loan Bank advances (26,000) (11,660)
Advances by borrowers for taxes and insurance 105 30
Dividends on common stock (990) (946)
Treasury stock purchases (338) (460)
Net cash provided in financing activities 15,450 3,865
Increase (decrease) in Cash and Cash Equivalents 373 (2,598)
Cash and Cash equivalents, Beginning of period 10,783 13,381
Cash and Cash equivalents, End of period 11,156 10,783
Supplemental Cash Flows Information    
Interest paid on deposits and borrowings 1,974 2,084
Federal income taxes paid 350 900
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Transfers from loans to foreclosed assets held for sale 308 330
Recognition of mortgage servicing rights 88 99
Dividends payable $ 250 $ 252