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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net income $ 1,332 $ 1,381
Items not requiring (providing) cash    
Depreciation and amortization 342 322
Provision (credit) for loan losses 110 (56)
Amortization of premiums and discounts on securities 441 590
Amortization of mortgage servicing rights 23 17
Accretion of net deferred loan origination fees (42) (56)
Increase in value of bank-owned life insurance (133) (135)
Amortization expense of stock benefit plan 60 45
Provision for impairment on foreclosed assets held for sale 2 16
Loss on sale of foreclosed assets held for sale 5
Net gain on sale of loans (171) (121)
Proceeds from sale of loans in the secondary market 5,904 3,091
Origination of loans for sale in the secondary market (5,733) (2,970)
Deferred income taxes (105) (60)
Changes in    
Accrued interest receivable (4) (17)
Other assets 338 (393)
Interest payable and other liabilities (122) (162)
Net cash provided by operating activities 2,242 1,497
Investing Activities    
Purchase of available-for-sale securities (3,475)
Purchase of held-to-maturity securities (2,273) (895)
Proceeds from maturities and paydowns of available-for-sale securities 8,351 12,281
Proceeds from maturities and paydowns of held-to-maturity securities 27 27
Net change in loans (5,835) (22,017)
Purchase of premises and equipment (193) (318)
Proceeds from the sale of foreclosed assets 1 80
Net cash provided by (used in) investing activities 78 (14,317)
Financing Activities    
Net change in deposits (6,226) 14,508
Net change in other short-term borrowings (647) 551
Proceeds from Federal Home Loan Bank advances 26,100 13,375
Repayments of Federal Home Loan Bank advances (29,100) (13,375)
Advances by borrowers for taxes and insurance (615) (834)
Dividends on common stock (496) (494)
Net cash provided by (used in) financing activities (10,984) 13,731
Change in Cash and Cash Equivalents (8,664) 911
Cash and Cash Equivalents, Beginning of period 16,756 11,156
Cash and Cash Equivalents, End of period 8,092 12,067
Supplemental Cash Flows Information    
Interest paid on deposits and borrowings 1,007 1,005
Federal income taxes paid 250 150
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Transfers from loans to foreclosed assets held for sale 230 106
Recognition of mortgage servicing rights 86 45
Dividends payable $ 250 $ 250