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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 815 $ 790  
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and amortization 189 185  
Provision for loan losses 60    
Amortization of premium on securities, net 139 145  
Amortization of discount on subordinated notes 8    
Gains on sales of loans held for sale (144) (86)  
Gains on sales of investment securities (5) (40)  
Increase in value of life insurance contracts (43) (28)  
Stock compensation expense 37 33  
Originations of loans held for sale (4,664) (3,367)  
Proceeds from sales of loans held for sale 6,162 3,156  
Changes in assets and liabilities:      
Accrued income 47 (64)  
Other assets 7 (18)  
Deferred taxes, net (303) (92)  
Accrued interest payable 197 31  
Other liabilities 299 (373)  
Net cash flows provided by operating activities 2,801 272  
Cash flows from investing activities:      
Net (increase) decrease in federal funds sold 247 (721)  
Purchases of available for sale securities (4,002) (1,748)  
Sales, maturities, and calls of available for sale securities 1,935 5,360  
Purchase of restricted equity securities, net (230) (204)  
Net increase in loans (14,164) (7,681)  
Proceeds from sales of other real estate 24 69  
Purchases of bank owned life insurance   (2,500)  
Purchases of property and equipment (45) (186)  
Net cash flows used in investing activities (16,235) (7,611)  
Cash flows from financing activities:      
Net increase in noninterest-bearing deposits 2,792 1,656  
Net increase in interest-bearing deposits 11,280 2,344  
Net increase in FHLB borrowings   4,000  
Net increase (decrease) in other borrowings (1,289) 392  
Net increase in equity of non-controlling interest   317  
Preferred stock dividend payment (204) (210)  
Net cash flows provided by financing activities 12,579 8,499  
Net increase (decrease) in cash and cash equivalents (855) 1,160  
Cash and cash equivalents, beginning 28,745 13,795 $ 13,795
Cash and cash equivalents, ending 27,890 14,955 $ 28,745
Supplemental disclosure of cash flow information:      
Cash payments for interest 538 509  
Cash payments for income taxes 28 646  
Supplemental disclosure of noncash investing activities:      
Change in unrealized gains on available for sale securities 305 $ 272  
Transfer from loans to other real estate $ 473