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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 4,033,977 $ 3,373,635 $ 2,903,830
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 160,000 141,300 330,000
Depreciation 923,578 961,964 890,812
Net amortization of investment securities 309,185 307,861 324,209
Income on cash surrender value of bank owned life insurance (125,290) (147,601) (123,784)
Amortization of intangibles 15,625 15,625 44,931
Gain on sale/writedown of foreclosed assets 0 (13,077) (84,898)
Net gain on sale of securities (168,919) (3,587) (293,508)
Net gain on disposal of other assets (36,701) (9,305) (3,733)
Change in:      
Other assets (253,894) 52,322 640,249
Other liabilities 324,142 (208,670) (213,747)
Net cash provided by operating activities 5,181,703 4,470,467 4,414,361
Cash flows from investing activities:      
Proceeds from calls, paydowns and maturities of securities HTM 5,952,271 5,115,703 3,983,421
Proceeds from calls, paydowns and maturities of securities AFS 10,354,337 4,143,139 2,460,175
Proceeds from Federal Home Loan Bank Stock repurchase 413,700 141,600 1,115,000
Proceeds from sale of securities available for sale 11,933,634 4,044,500 2,208,318
Proceeds from sale of securities held to maturity 576,834 516,746 0
Proceeds from maturity of certificates of deposit in other banks 245,000 1,225,000 1,960,000
Purchase of securities held to maturity (478,559) (5,207,650) (6,239,587)
Purchase of securities available for sale (25,129,827) (5,709,379) (20,586,864)
Purchase of Federal Home Loan Bank Stock (418,700) (450,800) (954,000)
Net change in loans (41,850,494) (26,517,707) (6,362,332)
Proceeds from bank owned life insurance 0 30,011 0
Purchase of premises and equipment (1,455,043) (370,837) (2,311,767)
Proceeds from sales of other assets 304,825 201,000 578,067
Net cash used by investing activities (39,552,022) (22,838,674) (24,149,569)
Cash flows from financing activities:      
Net change in deposits 32,477,143 29,042,251 (460,947)
Payment of short-term portion of long-term debt (7,590,476) (5,133,333) (11,800,000)
Proceeds from issuance of short-term debt 857,143 2,457,143 0
Proceeds from issuance of long-term debt 5,142,857 11,542,857 10,000,000
Cash dividends paid (1,070,047) (1,019,135) (815,308)
Payment for treasury stock (6,658) 0 0
Net cash provided (used) by financing activities 29,809,962 36,889,783 (3,076,255)
Increase (decrease) in cash and cash equivalents (4,560,357) 18,521,576 (22,811,463)
Cash and cash equivalents - beginning of period 31,080,273 12,558,697 35,370,160
Cash and cash equivalents - end of period 26,519,916 31,080,273 12,558,697
Income taxes 964,000 725,000 255,000
Interest paid 1,600,593 1,314,156 1,414,059
NONCASH ITEMS:      
Increase in foreclosed properties and decrease in loans 44,963 241,980 357,013
Unrealized gain (loss) on securities AFS (848,222) 134,774 1,197,132
Unrealized gain (loss) on pension plan benefits (110,306) (1,032,035) 55,700
Net reclass between short and long-term debt 7,590,476 5,133,333 5,133,333
Sale of foreclosed properties through loans 0 (334,000) 0
Property moved from fixed assets to property held for sale $ 211,500 $ 0 $ 0