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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 211 $ 417
Adjustments to reconcile net income to cash and cash equivalents provided by operating activities:    
Provision for (recovery of) loan losses 151 (80)
Depreciation and amortization of bank premises, equipment and software 93 88
Accretion of loan fair value adjustments related to acquisition (4) (3)
Net amortization of bond premiums / discounts 41 (3)
Net amortization of long term subordinated debt issuance costs 17  
Amortization of core deposit intangible 12 15
Stock compensation expense 9 10
Increase in value of life insurance contracts (36) (13)
Net losses and impairment write-downs on foreclosed assets 12 113
Deferred tax provision 266 230
Decrease (increase) in other assets (183) 71
Decrease in accrued interest receivable 55 23
Increase in accrued interest payable 134 28
Decrease in other liabilities (414) (522)
Net cash and cash equivalents provided by operating activities 364 374
Cash flows from investing activities    
Net increase in loans (3,186) (5,503)
Proceeds from sale of foreclosed assets 119 81
Net purchases of bank premises, equipment and software (431) (27)
Purchase of Bank owned life insurance (5,500)  
Purchase of available-for-sale securities (1,284) (16,808)
Proceeds from maturities, calls and pay-downs of available-for-sale securities 1,748 7,229
Purchase of Federal Home Loan Bank stock (122) (249)
Net cash and cash equivalents used in investing activities (8,656) (15,277)
Cash flows from financing activities    
Increase in deposits 4,514 35,895
Increase in Federal Home Loan Bank advances 3,000 5,000
Payment of capital lease obligation (15) (14)
Decrease in federal funds purchased   (2,355)
Dividends paid on preferred stock   (58)
Net proceeds from issuance of common stock 3  
Net cash and cash equivalents provided by financing activities 7,502 38,468
Net increase (decrease) in cash and cash equivalents (790) 23,565
Cash and cash equivalents, beginning 26,149 [1] 4,813
Cash and cash equivalents, ending 25,359 28,378
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 538 610
Noncash financing and investing activities    
Unrealized gain (loss) on investment securities available-for-sale, net 105 $ 211
Transfer of loans to foreclosed assets  
[1] Derived from Carolina Trust Bancshares Inc's audited financial statements included in its 2016 Annual Report on Form 10-K