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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net income $ 1,726 $ 1,132
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 572 395
Provision for loan losses 150 0
Deferred tax expense 889 585
Gain on sales/calls of securities   (97)
Gain on sale of loans sold in the secondary market (298) (228)
Origination of loans held for sale in secondary market (15,026) (13,802)
Proceeds from sale of loans in the secondary market 15,324 14,030
(Gain) loss on sale of premises, equipment, and other real estate held for sale (4) 16
Writedown of other real estate held for sale 16  
Stock compensation 100 150
Change in other assets 1,334 (513)
Change in other liabilities (2,293) (485)
Net cash provided by operating activities 2,490 1,183
Cash Flows from Investing Activities:    
Net increase in loans (5,099) (946)
Net decrease in interest bearing deposits in other financial institutions 599 100
Purchase of securities available for sale   (5,225)
Proceeds from maturities, sales, calls or paydowns of securities available for sale 2,776 5,238
Redemption of FHLB stock 192  
Capital expenditures (536) (337)
Proceeds from life insurance   99
Proceeds from sale of premises, equipment, and other real estate 740 247
Net cash used in investing activities (1,328) (824)
Cash Flows from Financing Activities:    
Net decrease in deposits (1,692) (17,345)
Net activity on lines of credit (750) 800
(Decrease) increase in fed funds purchased (3,000) 10,000
Principal payments on borrowings (550) (100)
Repurchase of common stock   (99)
Dividend on common stock (756) (607)
Net cash used in financing activities (6,748) (7,351)
Net (decrease) in cash and cash equivalents (5,586) (6,992)
Cash and cash equivalents at beginning of period 46,755 25,008
Cash and cash equivalents at end of period 41,169 18,016
Cash paid during the year for:    
Interest 1,411 1,013
Income taxes   50
Noncash Investing and Financing Activities:    
Transfers of Foreclosures from Loans to Other Real Estate Held for Sale $ 576 $ 623