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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities      
Net income $ 13,513 $ 646 $ (1,037)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 765 843 681
Deferred income taxes 813 277 (401)
Valuation allowance (recovery) on net deferred tax asset (11,997) (277) 334
Provision for (recovery of) loan losses 0 (2,000) 100
Write-down of other real estate owned 624 690 1,642
Valuation allowance other real estate owned (393) (35) (720)
Write-down of assets held for sale 220 2,649 0
(Gain) loss on securities sold (162) (6) 210
Gain on loans sold (6,430) (6,076) (4,449)
Gain on sale of assets held for sale (504) 0 0
(Gain) loss on sale and disposal of premises and equipment 2 12 (3)
Gain on sale of other real estate owned (15) (862) (142)
Stock compensation expense 213 262 131
Proceeds from sale of mortgage loans 218,627 208,479 162,983
Origination of mortgage loans for sale (212,608) (206,862) (160,077)
Amortization of premiums and accretion of discounts on securities, net 142 287 396
Decrease (increase) in interest receivable (214) (688) 114
Increase in bank owned life insurance (185) (183) (182)
Income recognized from death benefit on bank owned life insurance (226) 0 0
Decrease (increase) in other assets 2,660 (190) (138)
Increase (decrease) in interest payable (1,276) 179 74
Increase (decrease) in other liabilities (2,257) 505 2,736
Net cash provided by (used in) operating activities 1,312 (2,350) 2,252
Cash Flows from Investing Activities      
Purchases of available for sale securities (27,822) (6,748) 0
Proceeds from the sale or calls of available for sale securities 22,257 8,401 22,310
Proceeds from the sale of assets held for sale 7,338 0 0
Net increase in loans (26,169) (21,181) (8,860)
Proceeds from bank owned life insurance death benefit 448 0 0
Proceeds from sale of other real estate owned 3,680 7,037 10,952
Purchases of premises and equipment (912) (1,080) (2,587)
Proceeds from sale of premises and equipment 0 0 17
Net cash provided by (used in) investing activities (21,180) (13,571) 21,832
Cash Flows from Financing Activities      
Issuance of common stock 0 (79) (11)
Net proceeds from sale of common stock, net of expenses of $990 0 8,965 0
Net increase (decrease) in deposits 18,429 (14,012) (11,768)
Net decrease in Federal Home Loan Bank Advances (3,600) (8,000) (4,000)
Net increase (decrease) in other borrowings (427) (2,794) 589
Net cash provided by (used in) financing activities 14,402 (15,920) (15,190)
Net increase (decrease) in cash and cash equivalents (5,466) (31,841) 8,894
Cash and cash equivalents, beginning of period 17,262 49,103 40,209
Cash and cash equivalents, end of period 11,796 17,262 49,103
Supplemental Disclosure of Cash Flow Information      
Cash payments for interest 3,233 2,688 3,486
Supplemental Schedule of Non Cash Activities      
Real estate owned assets acquired in settlement of loans 268 461 7,628
Assets moved to held for sale 0 831 0
Accrual of additions on held for sale 0 547 0
Bank financed sale of asset held for sale 4,912 0 0
Dividends on preferred stock accrued 737 674 1,386
Non-Cash conversion of preferred shares 0 4,619 0
Forgiveness of principal and accrued dividends $ 0 $ 6,619 $ 0