XML 17 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,580 $ 1,084
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,175 1,055
Provision for loan losses (500)
Income on life insurance (63) (69)
Gain on sale of securities available-for-sale (240) (35)
Gain on sale of premises and equipment (66)
(Gain) Loss on sale of foreclosed real estate (185) (15)
Adjustment of carrying value of foreclosed real estate (28) 639
Accretion of bond premiums/discounts 482 573
Deferred tax benefit (70)
Net change in:    
Interest receivable (70) 104
Other assets (1,476) (26)
Accrued interest payable 4 56
Accrued expenses and other liabilities 546 (56)
Net Cash Provided by Operating Activities 1,155 3,244
CASH FLOWS FROM INVESTING ACTIVITIES    
Net (increase) decrease in loans (21,383) 10,865
Purchase of securities available-for-sale (7,631) (25,202)
Proceeds from sale and maturities of securities available-for-sale 33,644 16,690
Sale (Purchase) of Federal Home Loan Bank stock (172) 30
Purchase of Federal Reserve Bank stock (37)
Payments for the purchase of premises and equipment (4,130) (723)
Payments for the purchase of other real estate owned (5)
Payments for premiums on life insurance investments (65)
Proceeds from sales of premises and equipment 179
Proceeds from insurance on other real estate owned 53
Proceeds from sales of other real estate owned 947 760
Net Cash Provided by Investing Activities 1,275 2,545
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in Federal Home Loan Bank advances 6,400 (600)
Net change in:    
Demand deposits 11,484 7,964
Savings deposits (9,039) 7,512
Time deposits (5,380) (24,071)
Net Cash Provided by (Used in) Financing Activities 3,465 (9,195)
Net increase (decrease) in cash and cash equivalents 5,895 (3,406)
Cash and Cash Equivalents, Beginning of the Year 26,338 35,560
Cash and Cash Equivalents, End of the Year 32,233 32,154
Supplemental Disclosure of Cash Paid During the Year for:    
Interest 1,256 1,611
Taxes 70
Supplemental Disclosure of Non Cash Transactions:    
Other real estate acquired in settlement of foreclosed loans 3,098 1,869
Loans made to finance sale of foreclosed real estate 503 148
Transfer of other real estate to premises and equipment 125
Change in unrealized gains (losses) on securities available-for-sale $ 1,239 $ (302)