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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 751 $ 31
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of bond premiums/discounts 273 330
Provision for loan losses 270 126
Depreciation 1,189 1,295
Income on life insurance (29) (28)
Gain on sale of mortgage loans (26)
Loss on sale of premises and equipment 4 82
Loss on sale of foreclosed assets 39 111
Adjustment of carrying value of foreclosed real estate 214 198
Deferred tax cost (benefit) 191 (12)
Net change in:    
Interest receivable (208) 135
Other assets 235 66
Accrued interest payable 88 85
Accrued expenses and other liabilities 261 (1,003)
Net Cash Provided by Operating Activities 3,252 1,416
CASH FLOWS FROM INVESTING ACTIVITIES    
Net increase in loans receivable (8,210) (16,694)
Net increase in loans available for sale (102)
Purchase of securities available-for-sale (790)
Proceeds from sales, maturities, and principal paydowns of securities available-for-sale 5,016 5,515
Net purchase of equity securities (restricted) (14) (489)
Proceeds from sale of premises and equipment 1 777
Payments for the purchase of premises and equipment (495) (1,471)
Proceeds from insurance claims on other real estate owned 19
Proceeds from sales of other real estate owned 1,039 1,265
Net Cash Used In Investing Activities (3,536) (11,097)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in borrowed funds (5,630) 11,442
Net change in non-interest bearing deposits 9,417 12,909
Net change in interest bearing deposits 13,904 (3,902)
Net Cash Provided by Financing Activities 17,691 20,449
Net increase in cash and cash equivalents 17,407 10,768
Cash and Cash Equivalents, Beginning of Period 28,173 32,705
Cash and Cash Equivalents, End of Period 45,580 43,473
Supplemental Disclosure of Cash Paid During the Period for:    
Interest 2,896 1,817
Taxes 320
Supplemental Disclosure of Non Cash Transactions:    
Transfer of loans to Loans held for Sale 4,359
Other real estate acquired in settlement of foreclosed loans 45 1,289
Loans made to finance sale of foreclosed real estate 647 467
Change in unrealized gains (losses) on securities available-for-sale $ 1,490 $ (1,248)