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CONSOLIDATED STATEMENTS OF CASH FLOWS - Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net income $ 1,604 $ 1,512
(Accretion), amortization and depreciation:    
Securities 42 60
Bank premises and equipment 327 306
Core deposit intangible 126 155
Modification fees on Federal Home Loan Bank of Boston advances 57 58
Subordinated debt issuance costs 6 6
Mortgage servicing rights 68 51
Fair value adjustment on loans (495) (586)
Fair value adjustment on deposits (24) (38)
(Gains) and losses, including write-downs    
Gains on sales and calls of securities, available-for-sale, net (2)
Gains on sales of loans, excluding capitalized servicing rights (36) (19)
Write-downs of other real estate owned 144
Loss on sale/disposals of premises and equipment 13
Provision for loan losses 352 463
Proceeds from loans sold 1,881 1,787
Loans originated for sale (1,898) (1,188)
Decrease (increase) in deferred loan origination fees and costs, net 152 (44)
Mortgage servicing rights originated (25) (20)
Increase in mortgage servicing rights impairment reserve 2 20
Increase in interest receivable (7) (144)
Increase (decrease) in prepaid expenses (269) 47
Increase in cash surrender value of life insurance policies (88) (90)
Decrease in income tax receivable 293 506
Decrease in other assets 813 125
Decrease in accrued expenses (130) (113)
Increase (decrease) in interest payable 149 (30)
(Decrease) increase in other liabilities (64) 51
Stock based compensation - restricted stock awards 61 47
Net cash provided by operating activities 3,041 2,933
Investing Activities    
(Purchase) redemption of Federal Home Loan Bank stock (299) 59
Purchases of securities available-for-sale (5,016) (10,072)
Proceeds from calls of securities available-for-sale 2,990 5,351
Proceeds from maturities of securities available-for-sale 4,774 2,253
Loan originations and principle collections, net (1,777) (29,674)
Recoveries of loans previously charged off 83 14
Capital expenditures (503) (644)
Net cash provided (utilized) by investing activities 252 (32,713)
Financing Activities    
(Decrease) increase in deposit transaction accounts, net (6,920) 3,330
Decrease in time deposits, net (2,410) (2,167)
Decrease in securities sold under agreements to repurchase, net (3,185) (1,294)
Federal Home Loan Bank of Boston advances 15,500
Principal payments on Federal Home Loan Bank of Boston advances (6)
Principal payments on note payable (9) (11)
Decrease in capital lease obligation (1) (2)
Stock options exercised 313 87
Common stock dividends paid (774) (772)
Net cash provided (utilized) by financing activities 2,514 (835)
Net increase (decrease) in cash and cash equivalents 5,807 (30,615)
Cash and cash equivalents, beginning of period 35,485 62,118
Cash and cash equivalents, end of period 41,292 31,503
Cash paid during year    
Interest 765 760
Income taxes 300 258
Non-cash investing and financing activities    
Transfer from loans to other real estate owned $ 204