XML 114 R102.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Details 2) - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities    
Net income $ 4,637,754 $ 3,826,192
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Decrease (increase) in other assets 774,685 (474,625)
Increase (decrease) in accrued interest payable 53,467 (25,284)
Decrease in other liabilities (181,886) 204,595
Net cash provided by operating activities 4,505,216 4,729,941
Cash Flows from Investing Activities    
Loan payments (18,719,080) (27,895,667)
Net cash used in investing activities (16,880,831) (20,024,600)
Cash Flows from Financing Activities    
Repurchase of common stock (12,820)  
Dividends (1,681,615) (1,681,748)
Net cash provided by (used in) financing activities 42,541,719 (20,332,704)
Net increase (decrease) in cash and cash equivalents 30,166,104 (35,627,363)
Cash and cash equivalents:    
Beginning 49,066,462 84,693,825
Ending 79,232,566 49,066,462
First Clover Leaf Financial Corp.    
Cash Flows from Operating Activities    
Net income 4,637,754 3,826,192
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Distributions in excess of (equity in undistributed) net income of subsidiary (3,010,591) (2,160,752)
Decrease (increase) in other assets (41,000) 507,606
Increase (decrease) in accrued interest payable 964 (49)
Decrease in other liabilities (37,395) (40,722)
Net cash provided by operating activities $ 1,549,732 $ 2,132,275
Cash Flows from Investing Activities    
Loan payments
Net cash used in investing activities
Cash Flows from Financing Activities    
Repurchase of common stock $ (12,820)
Dividends (1,681,615) $ (1,681,748)
Net cash provided by (used in) financing activities (1,694,435) (1,681,748)
Net increase (decrease) in cash and cash equivalents (144,703) 450,527
Cash and cash equivalents:    
Beginning 1,141,653 691,126
Ending $ 996,950 $ 1,141,653