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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Net income $ 456 $ 226 $ 1,233 $ 1,041  
Adjustments to reconcile net income to net cash provided by operations:          
Depreciation and amortization     367 379  
Provision for loan losses 465 808 535 868 $ 1,082
Amortization of premium on securities, net     238 286  
Amortization of discount on subordinated notes     15 15  
Gains on sales of loans held for sale     (327) (255)  
Losses on sales and write-downs of other real estate owned, net 380 91 380 91  
Gains on sales of investment securities, net (29) (209) (42) (214)  
Increase in value of life insurance contracts     (97) (86)  
Stock compensation expense     73 75  
Originations of loans held for sale     (15,383) (10,253)  
Proceeds from sales of loans held for sale     15,280 11,236  
Changes in assets and liabilities:          
Accrued income     (162) (14)  
Other assets     (440) (776)  
Deferred taxes, net     (175) 221  
Accrued interest payable     27 39  
Other liabilities     (177) (406)  
Net cash flows provided by operating activities     1,345 2,247  
Cash flows from investing activities:          
Net (increase) decrease in federal funds sold     (51) 375  
Purchases of available for sale securities     (6,696) (10,794)  
Sales, maturities, and calls of available for sale securities     11,276 9,286  
(Purchase) redemption of restricted equity securities, net     (158) 56  
Net increase in loans     (15,981) (27,500)  
Proceeds from sales of other real estate     646 1,282  
Purchases of property and equipment     (173) (97)  
Net cash flows used in investing activities     (11,137) (27,392)  
Cash flows from financing activities:          
Net increase in noninterest-bearing deposits     25,184 6,146  
Net increase in interest-bearing deposits     324 27,583  
Net increase (decrease) in FHLB borrowings     3,694 (7,350)  
Net increase (decrease) in other borrowings     (17) (1,465)  
Proceeds from exercise of stock options     13  
Preferred stock dividend payment     (408)  
Net settlement restricted stock and cash in lieu of fractional shares     (17) (5)  
Net cash flows provided by financing activities     29,181 24,501  
Net increase (decrease) in cash and cash equivalents     19,389 (644)  
Cash and cash equivalents, beginning     18,229 28,745 28,745
Cash and cash equivalents, ending $ 37,618 $ 28,101 37,618 28,101 $ 18,229
Supplemental disclosure of cash flow information:          
Cash payments for interest     1,446 1,437  
Cash payments for income taxes     786 1,253  
Supplemental disclosure of noncash investing activities:          
Change in unrealized gains on available for sale securities     467 518  
Transfer from loans to other real estate     473  
Conversion of Preferred Stock to Common Stock     $ 12,893