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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income $ 1,979 $ 1,681
Items not requiring (providing) cash:    
Depreciation and amortization 274 276
Provision (credit) for loan losses (85) 200
Amortization of premiums and discounts on securities 158 170
Amortization of core deposit intangible 35 35
Stock based compensation 42  
BOLI income (88) (91)
Proceeds from sale of mortgage loans 7,408 5,225
Origination of mortgage loans held for sale (7,359) (5,195)
Gains on sales of available-for-sale securities (106) (10)
Gain on sales of mortgage loans (168) (110)
Write-downs and losses on other real estate owned   35
Loss/(gain) on sale of premises and equipment 4 (8)
Loss on branch disposal 27  
Changes in:    
Accrued interest receivable 144 28
Other assets (48) (86)
Accrued interest payable and other liabilities 106 187
Net cash provided by operating activities 2,323 2,337
Investing Activities    
Loan originations and payments, net (16,179) 4,149
Purchase of premises and equipment (48) (158)
Proceeds from maturities of available-for-sale securities 5,373 3,468
Proceeds from sales of available-for-sale securities 3,839 1,010
Proceeds from sales of other real owned 100 62
Proceeds from branch disposal 197  
Purchase of available-for-sale securities (7,160) (4,199)
Net cash (used in) provided by in investing activities (13,878) 4,332
Financing Activities    
Net change in demand deposits, money market, NOW and savings accounts (3,283) 12,003
Net change in time deposits (13,672) 15,008
Repayment of FHLB advances (5,000) (11,000)
Proceeds from FHLB advances 27,000  
Repurchase of TARP warrants   (1,706)
Proceeds (payments) from other borrowings (1,000) 1,500
Exercise of stock options 16  
Dividends paid on common stock (160)  
Dividends paid on preferred stock (247) (258)
Net cash provided by financing activities 3,654 15,547
Increase in Cash and Cash Equivalents (7,901) 22,216
Cash and Cash Equivalents, Beginning of Year 15,255 11,322
Cash and Cash Equivalents, End of Quarter 7,354 33,538
Supplemental Cash Flows Information    
Interest paid 1,227 1,311
Income taxes paid 650 525
Conversion of cumulative preferred stock 398  
Loans transferred to other real estate owned $ 66 $ 111