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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 777 $ 815  
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and amortization 185 189  
Provision for loan losses 70 60 $ 1,082
Amortization of premium on securities, net 137 139  
Amortization of discount on subordinated notes 8 8  
Gains on sales of loans held for sale (138) (144)  
Gains on sales of investment securities (13) (5)  
Increase in value of life insurance contracts (48) (43)  
Stock compensation expense 36 37  
Originations of loans held for sale (5,987) (4,664)  
Proceeds from sales of loans held for sale 6,680 6,162  
Changes in assets and liabilities:      
Accrued income 39 47  
Other assets (334) 7  
Deferred taxes, net 178 (303)  
Accrued interest payable 134 197  
Other liabilities 155 299  
Net cash flows provided by operating activities 1,879 2,801  
Cash flows from investing activities:      
Net (increase) decrease in federal funds sold (9) 247  
Purchases of available for sale securities (5,696) (4,002)  
Sales, maturities, and calls of available for sale securities 6,452 1,935  
Purchase of restricted equity securities, net (77) (230)  
Net increase in loans (9,032) (14,164)  
Proceeds from sales of other real estate 646 24  
Purchases of property and equipment (88) (45)  
Net cash flows used in investing activities (7,804) (16,235)  
Cash flows from financing activities:      
Net increase in noninterest-bearing deposits 15,231 2,792  
Net increase (decrease) in interest-bearing deposits (1,434) 11,280  
Net increase (decrease) in FHLB borrowings 1,917  
Net increase (decrease) in other borrowings 4 (1,289)  
Preferred stock dividend payment (204)  
Net settlement of vested restricted stock and cash in lieu of fractional shares (17)  
Net cash flows provided by financing activities 15,701 12,579  
Net increase (decrease) in cash and cash equivalents 9,776 (855)  
Cash and cash equivalents, beginning 18,229 28,745 28,745
Cash and cash equivalents, ending 28,005 27,890 $ 18,229
Supplemental disclosure of cash flow information:      
Cash payments for interest 599 538  
Cash payments for income taxes 28  
Supplemental disclosure of noncash investing and financing activities:      
Transfer from loans to other real estate owned 473  
Change in unrealized gains and losses on available for sale securities $ 64 $ 305