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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities              
Net income (loss) $ 5,856 $ (264,257) $ 948,973 $ 320,614 $ 325,584 $ (1,234,576) $ (132,522)
Adjustments to reconcile net income (loss) to net cash from operating activities:              
Depreciation and amortization 151,091 169,228 285,318 630,595 535,755 506,932 530,614
Stock dividend on financial institution stock (6,114) (4,212)   (7,112)     (5,816)
Loss (gain) on sale and impairments of other real estate   200,000   517,863 (60,332) (23,846) 14,388
Amortization of premiums and discounts on securities, net 122,978 131,367 870,747 612,725 1,151,175 730,956 1,065,162
ESOP expense 15,061 12,141 19,143 54,380 39,084 19,941  
Amortization of core deposit intangible $ 21,543 27,624 36,832 102,388 36,832    
Bargain purchase gain     (2,898,847)   (2,898,847)    
(Gain) loss on sale of available-for-sale securities 13,800 356,645 (6,414) 327,914 3,000 81,572
Gain on sale of loans $ (1,688,434) (888,200) (1,643,230) (4,847,600) (3,019,831) (2,501,821) (3,125,796)
Stock-based compensation             10,280
Proceeds from sale of loans held for sale 44,263,954 30,161,715 50,497,855 153,629,618 98,308,994 93,554,202 102,865,408
Funding of loans held for sale (47,590,265) (32,021,824) (48,004,914) (145,588,454) (98,376,190) (95,036,120) (99,149,636)
Provision for (credit to) loan losses 52,000 100,000 50,000 694,000 50,000   (121,000)
Net increase in bank-owned life insurance (31,229) (32,414) (71,353) (131,823) (141,896) (148,377) (196,972)
Changes in operating assets and liabilities:              
Accrued interest receivable 20,617 (36,487) 180,395 (43,703) 169,144 (13,332) 23,065
Income taxes receivable     224,111   534,442 310,331 74,600
Prepaid and other assets (1,404,241) (25,281) (181,974) (347,874) (178,241) (18,166) 912,713
Accrued interest and other liabilities 97,019 (399,281) 764,374 (544,827) 1,176,051 204,008 770,445
Other     (90) 40,517 (22,586)    
Net cash provided by (used for) operating activities (5,970,164) (2,856,081) 1,433,985 5,084,893 (2,042,948) (3,646,868) 3,616,505
Cash flows from investing activities              
Proceeds from principal payments on available-for-sale securities 1,354,204 1,330,908 2,569,444 6,656,949 5,226,173 7,441,124 11,729,090
Proceeds from sales of available-for-sale securities   2,286,200 29,108,517 2,799,336 31,163,517 15,092,151 3,685,377
Purchases of available-for-sale securities (2,102,266) (9,742,836) (5,848,077) (9,742,836) (5,848,077) (6,924,730) (31,265,472)
Funding of ESOP         (106,919) (106,919)  
Net change in loans held for investment (4,060,195) (6,225,233) (15,657,885) (24,038,173) (15,222,549) (1,689,674) 19,488,012
Purchases of premises and equipment (149,886) (39,421) (11,063) (417,788) (23,398) (27,671) (255,872)
Redemption (purchases) of stock in financial institutions   432,000 (593,500) 366,200 (391,315) 307,752 (19,771)
Net proceeds from sales of other real estate     16,888 24,454 631,221 660,189 3,158,151
Cash paid for acquisition     (3,804,414)   (3,804,414)    
Cash received for acquisition     2,208,730   2,208,730    
Net cash (used for) provided by investing activities (4,958,143) (11,958,382) 7,988,640 (24,351,858) 13,832,969 14,752,222 6,519,515
Cash flows from financing activities              
Net change in deposits 8,928,457 (1,090,324) (8,239,212) 23,761,627 (4,527,102) (844,339) (7,903,880)
Net change in escrows 92,784 95,162 4,732 6,229 3,226 (14,284) (69,259)
Stock repurchases             (320,781)
Net change in Federal Home Loan Bank advances (2,000,000) 7,500,000 3,690,068 500,000 526,655 (4,517,267) (2,175,048)
Net cash provided by (used for) financing activities 7,021,241 6,504,838 (4,544,412) 24,267,856 (3,997,221) (5,375,890) (10,468,968)
Net increase (decrease) in cash and cash equivalents (3,907,066) (8,309,625) 4,878,213 5,000,891 7,792,800 5,729,464 (332,948)
Cash and cash equivalents, beginning of period 19,824,864 14,823,973 9,945,760 14,823,973 7,031,173 4,216,296 4,549,244
Cash and cash equivalents, end of period 15,917,798 6,514,348 14,823,973 19,824,864 14,823,973 9,945,760 4,216,296
Supplemental disclosures:              
Interest on deposits and advances paid 378,436 $ 335,632 792,846 1,426,975 1,422,814 1,373,379 1,864,243
Income taxes paid (refund) 15,000   20,000 (310,331) (310,331)  
Noncash investing and financing activities:              
Transfers of loans to other real estate $ 195,558     $ 28,317 81,518 81,518  
Sale and financing of other real estate             $ 2,509,570
Sale of treasury shares to ESOP         345,074 $ 345,074  
Issuance of common stock in merger     $ 5,783,428   $ 5,783,428