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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 2,857 $ 1,818
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 260 122
Depreciation and amortization 392 380
Net amortization of securities 82 115
Principal balance of loans sold 2,532 5,063
Loans originated for sale (3,128) (4,666)
Accretion of net deferred loan fees (308) (286)
Amortization of subordinated debt issuance costs 15 17
Income on bank-owned life insurance (115) (114)
Deferred income tax provision (55) (146)
ESOP expense 197 174
Share-based compensation 207 321
Net change in other assets and liabilities (1,346) 1,525
Net cash provided by operating activities 1,590 4,323
Cash flows from investing activities:    
Maturities, prepayments and calls 5,557 1,652
Purchases (7,480) (3,013)
Purchase of Federal Home Loan Bank stock (5) (678)
Net loan originations (18,141) (41,295)
Additions to premises and equipment (329) (169)
Proceeds from sale of premises and equipment 63 0
Net cash used by investing activities (20,335) (43,503)
Cash flows from financing activities:    
Net increase in deposits 26,444 12,424
Proceeds from issuance of long-term debt 36,000 36,000
Repayments of long-term debt (30,492) (18,172)
Increase (decrease) in short-term borrowings (8,000) 3,000
Cash dividends paid on common stock (264) (224)
Net cash provided by financing activities 23,688 33,028
Net change in cash and cash equivalents 4,943 (6,152)
Cash and cash equivalents at beginning period 28,462 28,425
Cash and cash equivalents at end of period 33,405 22,273
Supplementary information:    
Interest paid 3,756 2,550
Income taxes paid $ 1,954 $ 1,483