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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Cash flows from operating activities:          
Net income $ 937 $ 936 $ 2,170 $ 1,977  
Adjustments to reconcile net income to net cash provided by operations:          
Depreciation and amortization     545 568  
Provision for loan losses 40 111 575 979 $ 1,082
Amortization of premium on securities, net     351 448  
Amortization of discount on subordinated notes     23 23  
Gains on sales of loans held for sale     (516) (435)  
Losses on sales and write-downs of other real estate owned, net 380 91  
Gains on sales of investment securities, net (18) (43) (60) (257)  
Increase in value of life insurance contracts     (146) (133)  
Stock compensation expense     109 111  
Originations of loans held for sale     (24,759) (17,443)  
Proceeds from sales of loans held for sale     24,940 19,227  
Changes in assets and liabilities:          
Accrued income     (330) (19)  
Other assets     (222) (199)  
Deferred taxes, net     (71) 163  
Accrued interest payable     122 226  
Other liabilities     227 (300)  
Net cash flows provided by operating activities     3,338 5,027  
Cash flows from investing activities:          
Net (increase) decrease in federal funds sold     (90) 296  
Purchases of available for sale securities     (18,099) (14,087)  
Sales, maturities, and calls of available for sale securities     17,436 12,682  
(Purchase) redemption of restricted equity securities, net     (158) 322  
Net increase in loans     (17,074) (37,771)  
Purchase of other real estate at foreclosure     (274)  
Proceeds from sales of other real estate     876 1,353  
Purchases of bank owned life insurance     (500) (1,000)  
Purchases of property and equipment     (272) (103)  
Net cash flows used in investing activities     (18,155) (38,308)  
Cash flows from financing activities:          
Net increase in noninterest-bearing deposits     18,895 11,448  
Net increase in interest-bearing deposits     9,201 29,000  
Net increase (decrease) in FHLB borrowings     3,361 (13,000)  
Net increase (decrease) in other borrowings     (125) (1,235)  
Proceeds from exercise of stock options     28  
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     31,343 25,800  
Net increase (decrease) in cash and cash equivalents     16,526 (7,481)  
Cash and cash equivalents, beginning     18,229 28,745 28,745
Cash and cash equivalents, ending $ 34,755 $ 21,264 34,755 21,264 $ 18,229
Supplemental disclosure of cash flow information:          
Cash payments for interest     2,122 2,026  
Cash payments for income taxes     1,211 1,253  
Supplemental disclosure of noncash investing activities:          
Change in unrealized gains (losses) on available for sale securities     247 326  
Transfer from loans to other real estate     750 481  
Conversion of Preferred Stock to Common Stock     $ 12,893