XML 34 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash Flows From Operating Activities:    
Net income $ 1,252us-gaap_NetIncomeLoss $ 1,004us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 460us-gaap_DepreciationAmortizationAndAccretionNet 462us-gaap_DepreciationAmortizationAndAccretionNet
Provision for credit losses 300us-gaap_ProvisionForLoanAndLeaseLosses 375us-gaap_ProvisionForLoanAndLeaseLosses
Stock based compensation 87us-gaap_ShareBasedCompensation 70us-gaap_ShareBasedCompensation
Net gain on sale of securities (53)us-gaap_GainLossOnSaleOfInvestments (235)us-gaap_GainLossOnSaleOfInvestments
Net loss on sale and write down of OREO and other repossessed property   6us-gaap_GainsLossesOnSalesOfOtherRealEstate
Earnings from investment in BOLI (55)us-gaap_BankOwnedLifeInsuranceIncome (58)us-gaap_BankOwnedLifeInsuranceIncome
Deferred tax benefit (339)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes  
Proceeds from sales of loans originated for sale 5,555us-gaap_ProceedsFromSaleOfLoansHeldForSale  
Loans originated for sale (4,669)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale  
Gain on sale of loans (269)us-gaap_GainLossOnSaleOfLoansAndLeases  
Taxes on exercise of stock options (46)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities  
Increase in accrued interest receivable (319)us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable (63)us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable
(Increase) decrease in other assets (61)us-gaap_IncreaseDecreaseInOtherOperatingAssets 798us-gaap_IncreaseDecreaseInOtherOperatingAssets
Decrease in accrued interest payable (45)us-gaap_IncreaseDecreaseInInterestPayableNet (59)us-gaap_IncreaseDecreaseInInterestPayableNet
Decrease in other liabilities (123)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (411)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net Cash Provided By Operating Activities 1,675us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 1,889us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash Flows From Investing Activities:    
Activity in available-for-sale securities: Sales 3,926us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 15,228us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Activity for available-for-sale securities: Maturities, repayments and calls 11,386us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 10,931us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Activity in available-for-sale securities: Purchases (14,778)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (32,010)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Activity in held-to-maturity securities: Sales   1,228us-gaap_ProceedsFromSaleOfHeldToMaturitySecurities
Activity in held-to-maturity securities: Maturities, repayments and calls 509us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 678us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Activity in held-to-maturity securities: Purchases (1,500)us-gaap_PaymentsToAcquireHeldToMaturitySecurities  
Net (increase) decrease in restricted stock (133)us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock 169us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock
Net increase in loans and leases (8,520)us-gaap_IncreaseDecreaseInFinanceReceivables (15,065)us-gaap_IncreaseDecreaseInFinanceReceivables
Purchases of property and equipment, less proceeds from disposals (35)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (131)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of OREO and other repossessed property   133us-gaap_ProceedsFromSaleOfOtherRealEstate
Net Cash Used in Investing Activities (9,145)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (18,839)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash Flows From Financing Activities:    
Net increase in deposits 22,178us-gaap_IncreaseDecreaseInDeposits 3,026us-gaap_IncreaseDecreaseInDeposits
Net increase in repurchase agreements 1,095us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase 15,701us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
Proceeds from issuance of subordinated debt 9,750us-gaap_ProceedsFromIssuanceOfUnsecuredDebt  
Repayment of other borrowings (10)us-gaap_ProceedsFromRepaymentsOfOtherDebt (9)us-gaap_ProceedsFromRepaymentsOfOtherDebt
Dividends paid (220)us-gaap_PaymentsOfOrdinaryDividends (226)us-gaap_PaymentsOfOrdinaryDividends
Proceeds from the exercise of stock options 163us-gaap_ProceedsFromStockOptionsExercised  
Redemption of preferred stock (9,750)us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock  
Sale of treasury stock 95us-gaap_ProceedsFromSaleOfTreasuryStock 90us-gaap_ProceedsFromSaleOfTreasuryStock
Net Cash Provided by Financing Activities 23,301us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 18,582us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net Change in Cash and Cash Equivalents 15,831us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,632us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and Cash Equivalents at Beginning of Period 12,504us-gaap_CashAndCashEquivalentsAtCarryingValue 34,060us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents at End of Period 28,335us-gaap_CashAndCashEquivalentsAtCarryingValue 35,692us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for: Interest 651us-gaap_InterestPaid 684us-gaap_InterestPaid
Cash paid during the period for: Income taxes 858us-gaap_IncomeTaxesPaid 22us-gaap_IncomeTaxesPaid
Supplemental Disclosure of Non-cash Flow Information:    
Transfers from loans and leases to real estate owned and other repossessed property $ 7us-gaap_TransferOfOtherRealEstate