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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Net income $ 862 $ 777 $ 2,544 $ 2,413  
Adjustments to reconcile net income to net cash provided by operations:          
Depreciation and amortization     571 482  
Provision for loan losses       202  
Amortization of premium on securities, net     440 438  
Gains on sales of loans held for sale     (407) (106)  
Losses (gains) on sales and writedowns of other real estate, net 140   140 (5)  
Gains on sales of investment securities (12)   (52) (108)  
Increase in value of life insurance contracts     (120) (77)  
Stock compensation expense     102 41  
Originations of loans held for sale     (18,136) (6,400)  
Proceeds from sales of loans held for sale     18,391 6,189  
Changes in assets and liabilities:          
Accrued income     51 100  
Other assets     (154) (47)  
Deferred taxes, net     11 603  
Accrued interest payable     167 9  
Other liabilities     (686) 589  
Net cash flows provided by operating activities     2,862 4,323  
Cash flows used in investing activities:          
Net (increase) decrease in federal funds sold     (1,026) 627  
Purchases of investment securities available for sale     (5,997) (6,438)  
Sales, maturities, and calls of available for sale securities     9,494 8,710  
Purchase of restricted equity securities, net     (218) (13)  
Net increase in loans     (28,500) (23,352)  
Proceeds from sales of other real estate     138 982  
Purchases of bank owned life insurance     (2,500)    
Purchases of property and equipment     (329) (1,863)  
Net cash flows used in investing activities     (28,938) (21,347)  
Cash flows from financing activities:          
Net increase in noninterest-bearing deposits     30,224 947  
Net increase in interest-bearing deposits     7,408 10,760  
Net increase in FHLB borrowings     4,900 250  
Net increase in other borrowings     439 211  
Net increase in equity of non-controlling interest     317    
Preferred stock dividend payment     (630) (630)  
Net cash flows provided by financing activities     42,658 11,538  
Net increase (decrease) in cash and cash equivalents     16,582 (5,486)  
Cash and cash equivalents, beginning     13,795 19,537 $ 19,537
Cash and cash equivalents, ending $ 30,377 $ 14,051 30,377 14,051 $ 13,795
Supplemental disclosure of cash flow information:          
Cash payments for interest     1,530 1,585  
Cash payments for income taxes     1,676 42  
Supplemental disclosure of noncash investing activities:          
Change in unrealized gains on available for sale securities     $ (32) 1,342  
Transfer from loans to other real estate       $ 1,520