XML 42 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating Activities    
Net income $ 2,234us-gaap_NetIncomeLoss $ 551us-gaap_NetIncomeLoss
Statements of Cash Flows    
Operating Activities    
Net income 2,234us-gaap_NetIncomeLoss
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551us-gaap_NetIncomeLoss
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(Accretion), amortization and depreciation:    
Securities 38us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
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= SAL_StatementsOfCashFlowsMember
60us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
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= SAL_StatementsOfCashFlowsMember
Bank premises and equipment 311us-gaap_DepreciationNonproduction
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= SAL_StatementsOfCashFlowsMember
225us-gaap_DepreciationNonproduction
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
Core deposit intangible 169us-gaap_AmortizationOfIntangibleAssets
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= SAL_StatementsOfCashFlowsMember
56us-gaap_AmortizationOfIntangibleAssets
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= SAL_StatementsOfCashFlowsMember
Mortgage servicing rights 119us-gaap_AmortizationOfMortgageServicingRightsMSRs
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= SAL_StatementsOfCashFlowsMember
79us-gaap_AmortizationOfMortgageServicingRightsMSRs
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= SAL_StatementsOfCashFlowsMember
Fair value adjustment on loans (650)us-gaap_IncreaseDecreaseInFairValueAdjustmentsOnAssetsAndLiabilitiesCarriedAtFairValueUnderFairValueOption
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8us-gaap_IncreaseDecreaseInFairValueAdjustmentsOnAssetsAndLiabilitiesCarriedAtFairValueUnderFairValueOption
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= SAL_StatementsOfCashFlowsMember
Fair value adjustment on deposits (135)us-gaap_IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities
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= SAL_StatementsOfCashFlowsMember
  
(Gains) and losses, including write-downs    
Gains on sales of securities, available-for-sale, net (175)us-gaap_GainLossOnSaleOfSecuritiesNet
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Gains on sales of loans, excluding capitalized servicing rights (32)us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
(6)us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
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= SAL_StatementsOfCashFlowsMember
Write-downs of other real estate owned 127us-gaap_GainsLossesOnSalesOfOtherRealEstate
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= SAL_StatementsOfCashFlowsMember
  
Loss on sale/disposals of premises and equipment 45us-gaap_GainLossOnSaleOfPropertyPlantEquipment
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
1us-gaap_GainLossOnSaleOfPropertyPlantEquipment
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= SAL_StatementsOfCashFlowsMember
(Benefit) provision for loan losses (200)us-gaap_ProvisionForLoanAndLeaseLosses
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337us-gaap_ProvisionForLoanAndLeaseLosses
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= SAL_StatementsOfCashFlowsMember
Proceeds from loans sold 2,134us-gaap_ProceedsFromSaleOfLoansHeldForSale
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= SAL_StatementsOfCashFlowsMember
501us-gaap_ProceedsFromSaleOfLoansHeldForSale
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= SAL_StatementsOfCashFlowsMember
Loans originated for sale (1,862)us-gaap_PaymentsForProceedsFromLoansAndLeases
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
(442)us-gaap_PaymentsForProceedsFromLoansAndLeases
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= SAL_StatementsOfCashFlowsMember
Increase in deferred loan origination fees and costs, net (3)us-gaap_IncreaseDecreaseInDeferredCharges
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
(4)us-gaap_IncreaseDecreaseInDeferredCharges
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Mortgage servicing rights originated (62)us-gaap_PaymentsForProceedsFromMortgageServicingRights
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(5)us-gaap_PaymentsForProceedsFromMortgageServicingRights
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= SAL_StatementsOfCashFlowsMember
Increase (decrease) in mortgage servicing rights impairment reserve 10us-gaap_OtherAssetImpairmentCharges
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= SAL_StatementsOfCashFlowsMember
(11)us-gaap_OtherAssetImpairmentCharges
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Increase in interest receivable (22)us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet
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= SAL_StatementsOfCashFlowsMember
(44)us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet
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= SAL_StatementsOfCashFlowsMember
Deferred tax benefit (13)us-gaap_DeferredIncomeTaxExpenseBenefit
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= SAL_StatementsOfCashFlowsMember
(12)us-gaap_DeferredIncomeTaxExpenseBenefit
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
Increase in prepaid expenses (126)us-gaap_IncreaseDecreaseInPrepaidExpense
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
(46)us-gaap_IncreaseDecreaseInPrepaidExpense
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= SAL_StatementsOfCashFlowsMember
Increase in cash surrender value of life insurance policies (92)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue
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= SAL_StatementsOfCashFlowsMember
(58)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue
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= SAL_StatementsOfCashFlowsMember
Decrease in income tax receivable    (7)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
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= SAL_StatementsOfCashFlowsMember
Increase in income taxes payable 55us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
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Decrease (increase) in other assets 64us-gaap_IncreaseDecreaseInOtherOperatingAssets
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= SAL_StatementsOfCashFlowsMember
(22)us-gaap_IncreaseDecreaseInOtherOperatingAssets
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(Decrease) increase in accrued expenses (184)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
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= SAL_StatementsOfCashFlowsMember
304us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
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= SAL_StatementsOfCashFlowsMember
Increase in interest payable    1us-gaap_IncreaseDecreaseInInterestPayableNet
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= SAL_StatementsOfCashFlowsMember
Increase in other liabilities 161us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
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= SAL_StatementsOfCashFlowsMember
982us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
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Stock based compensation - restricted stock awards 71us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
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= SAL_StatementsOfCashFlowsMember
26us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
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= SAL_StatementsOfCashFlowsMember
Net cash provided by operating activities 1,982us-gaap_NetCashProvidedByUsedInOperatingActivities
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= SAL_StatementsOfCashFlowsMember
2,474us-gaap_NetCashProvidedByUsedInOperatingActivities
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= SAL_StatementsOfCashFlowsMember
Investing Activities    
Maturity (purchase) of interest-bearing time deposits with other banks    738us-gaap_ProceedsFromPaymentsForInInterestBearingDepositsInBanks
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
Redemption of Federal Home Loan Bank stock      
Purchases of securities available-for-sale (3)us-gaap_PaymentsToAcquireMarketableSecurities
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Proceeds from sales of securities available-for-sale 3,861us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
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Proceeds from calls of securities available-for-sale 3,740us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
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= SAL_StatementsOfCashFlowsMember
1,120us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
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= SAL_StatementsOfCashFlowsMember
Proceeds from maturities of securities available-for-sale 2,304us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
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= SAL_StatementsOfCashFlowsMember
2,393us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
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= SAL_StatementsOfCashFlowsMember
Proceeds from maturities of securities held-to-maturity      
Loan originations and principle collections, net (3,011)us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
(8,689)us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
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= SAL_StatementsOfCashFlowsMember
Loans purchased      
Recoveries of loans previously charged off 460us-gaap_ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
8us-gaap_ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
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= SAL_StatementsOfCashFlowsMember
Proceeds from sale of other real estate owned      
Purchase of life insurance policies      
Capital expenditures (186)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
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= SAL_StatementsOfCashFlowsMember
(664)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
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= SAL_StatementsOfCashFlowsMember
Net cash provided (utilized) by investing activities 7,165us-gaap_NetCashProvidedByUsedInInvestingActivities
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= SAL_StatementsOfCashFlowsMember
(5,094)us-gaap_NetCashProvidedByUsedInInvestingActivities
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
Financing Activities    
Increase in deposit transaction accounts, net 9,556us-gaap_IncreaseDecreaseInOtherDeposits
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
2,140us-gaap_IncreaseDecreaseInOtherDeposits
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= SAL_StatementsOfCashFlowsMember
Increase (decrease) in time deposits, net 63us-gaap_IncreaseDecreaseInTimeDeposits
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
(1,997)us-gaap_IncreaseDecreaseInTimeDeposits
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= SAL_StatementsOfCashFlowsMember
(Decrease) increase in securities sold under agreements to repurchase, net (885)us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
89us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
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= SAL_StatementsOfCashFlowsMember
Principal payments on Federal Home Loan Bank of Boston advances (410)us-gaap_RepaymentsOfFederalHomeLoanBankBorrowings
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
(394)us-gaap_RepaymentsOfFederalHomeLoanBankBorrowings
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= SAL_StatementsOfCashFlowsMember
Decrease in capital lease obligation (1)us-gaap_IncreaseDecreaseInLeaseAcquisitionCosts
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
  
Stock options exercised 126us-gaap_ProceedsFromStockOptionsExercised
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= SAL_StatementsOfCashFlowsMember
 
Common stock dividends paid (761)us-gaap_PaymentsOfDividendsCommonStock
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= SAL_StatementsOfCashFlowsMember
(479)us-gaap_PaymentsOfDividendsCommonStock
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
Series B preferred stock dividends paid (40)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
(46)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
Net cash provided (utilized) by financing activities 7,648us-gaap_NetCashProvidedByUsedInFinancingActivities
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= SAL_StatementsOfCashFlowsMember
(687)us-gaap_NetCashProvidedByUsedInFinancingActivities
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
Net increase (decrease) in cash and cash equivalents 16,795us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
(3,307)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
Cash and cash equivalents, beginning of year 16,795us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
(3,307)us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
Cash and cash equivalents, end of period 36,105us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
12,711us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
Cash paid during year    
Interest 745us-gaap_InterestPaid
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= SAL_StatementsOfCashFlowsMember
667us-gaap_InterestPaid
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
Income taxes $ 911us-gaap_IncomeTaxesPaid
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember
$ 1,234us-gaap_IncomeTaxesPaid
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= SAL_StatementsOfCashFlowsMember