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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,121 $ 1,898
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 463 306
Net amortization and accretion of securities 723 739
Gains on sales of securities (104) (24)
Earnings/increase in value of bank owned life insurance (442) (439)
Depreciation and amortization $ 1,164 1,151
Net gain on sale of assets (44)
Deferred tax expense (benefit) $ 373 (61)
Stock option/stock grant expense 30 52
Writedown of other real estate owned $ 192 277
Losses on sale of other real estate owned 27
Decrease in accrued interest receivable and other assets $ 194 10,330
Decrease in accrued interest payable and other liabilities (174) (6,567)
Net cash provided by operating activities 5,540 7,645
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available for sale securities (26,770) (44,278)
Net (increase) decrease in restricted investments (116) 80
Proceeds from maturities, calls and principal payments of available for sale securities 46,461 29,512
Proceeds from sale of available for sale securities 46,459 7,498
Net (increase) decrease in organic loans (65,977) 849
Net increase in purchased loans (44,493) (14,815)
Proceeds from sale of other real estate owned $ 985 1,135
Proceeds from sale of bank premises and equipment 11
Purchase of bank premises and equipment $ (367) (803)
Net cash used in investing activities (43,818) (20,811)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits, NOW accounts, and money market accounts 38,224 33,327
Net decrease in certificates of deposit and other time deposits (8,476) (7,068)
Net increase in securities sold under agreements to repurchase 5,161 1,698
Common stock repurchased (6,342) (262)
Proceeds from stock options exercised 22 180
Cash dividends (891) (674)
Net cash provided by financing activities 27,698 27,201
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (10,580) 14,035
CASH AND CASH EQUIVALENTS:    
Beginning of period 54,107 40,072
End of period 43,527 54,107
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash payments for interest 985 936
Cash payments for taxes 904 2,488
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Unrealized gain (loss) on available for sale securities $ (246) 2,236
Transfer of loans to other real estate owned $ 244