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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Cash flows from operating activities:          
Net income $ 226 $ 892 $ 1,041 $ 1,682  
Adjustments to reconcile net income to net cash provided by operations:          
Depreciation and amortization     379 377  
Provision for loan losses 808 868
Amortization of premium on securities, net     286 287  
Amortization of discount on subordinated notes     15  
Gains on sales of loans held for sale     (255) (284)  
Losses on sales and writedowns of other real estate owned, net 91 91  
Gains on sales of investment securities, net (209) (214) (40)  
Increase in value of life insurance contracts     (86) (76)  
Stock compensation expense     75 68  
Originations of loans held for sale     (10,253) (12,481)  
Proceeds from sales of loans held for sale     11,236 12,625  
Changes in assets and liabilities:          
Accrued income     (14) 48  
Other assets     (776) (313)  
Deferred taxes, net     221 100  
Accrued interest payable     39 93  
Other liabilities     (406) (910)  
Net cash flows provided by operating activities     2,247 1,176  
Cash flows from investing activities:          
Net (increase) decrease in federal funds sold     375 (148)  
Purchases of available for sale securities     (10,794) (1,748)  
Sales, maturities, and calls of available for sale securities     9,286 6,878  
(Purchase) redemption of restricted equity securities, net     56 (219)  
Net increase in loans     (27,500) (22,415)  
Proceeds from sales of other real estate     1,282 114  
Purchases of bank owned life insurance     (2,500)  
Purchases of property and equipment     (97) (269)  
Net cash flows used in investing activities     (27,392) (20,307)  
Cash flows from financing activities:          
Net increase in noninterest-bearing deposits     6,146 2,504  
Net increase in interest-bearing deposits     27,583 12,118  
Net increase (decrease) in FHLB borrowings     (7,350) 5,750  
Net increase (decrease) in other borrowings     (1,465) 130  
Net increase in equity of non-controlling interest     317  
Preferred stock dividend payment     (408) (420)  
Cash in lieu of fractional shares     (5)  
Net cash flows provided by financing activities     24,501 20,399  
Net increase (decrease) in cash and cash equivalents     (644) 1,268  
Cash and cash equivalents, beginning     28,745 13,795 13,795
Cash and cash equivalents, ending $ 28,101 $ 15,063 28,101 15,063 $ 28,745
Supplemental disclosure of cash flow information:          
Cash payments for interest     1,437 1,014  
Cash payments for income taxes     1,253 1,356  
Supplemental disclosure of noncash investing activities:          
Change in unrealized gains on available for sale securities     518 (295)  
Transfer from loans to other real estate     473  
Conversion of Preferred Stock to Common Stock     $ 12,893