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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,021 $ 1,333
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (recovery of) loan losses 405 (118)
Net amortization and accretion of securities 571 547
Net gains on sales of securities $ (69) (16)
Net gains on sales of assets (44)
Earnings on bank owned life insurance $ (330) (328)
Depreciation and amortization 876 860
Stock option/stock grant expense 22 41
Writedown of other real estate owned $ 192 64
Losses on sales of other real estate owned 13
Decrease in accrued interest receivable and other assets $ 797 11,223
Decrease in accrued interest payable and other liabilities (417) (7,043)
Net cash provided by operating activities 4,068 6,532
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available for sale securities (26,770) (34,444)
Net (increase) decrease in restricted investments (21) 144
Proceeds from maturities, calls and principal payments of available for sale securities 35,436 19,582
Proceeds from sales of available for sale securities 17,492 6,490
Net (increase) decrease in organic loans (57,164) $ 10,021
Net increase in purchased loans (19,736)
Proceeds from sale of other real estate owned $ 445 $ 1,032
Proceeds from sale of bank premises and equipment 11
Purchase of bank premises and equipment $ (286) (549)
Net cash (used in) provided by investing activities (50,604) 2,287
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits, NOW accounts, and money market accounts 19,188 6,140
Net decrease in certificates of deposit and other time deposits (4,262) (4,070)
Net increase (decrease) in securities sold under agreements to repurchase 1,441 $ (2,195)
Common stock repurchased (5,808)
Proceeds from stock options exercised 23 $ 189
Cash dividends (689) (538)
Net cash provided by (used in) financing activities 9,893 (474)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (36,643) 8,345
CASH AND CASH EQUIVALENTS:    
Beginning of period 54,107 40,072
End of period 17,464 48,417
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash payments for interest 738 702
Cash payments for taxes 904 2,438
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Unrealized gain on available for sale securities $ 304 1,759
Transfer of loans to other real estate owned $ 244