XML 19 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities:    
Net income $ 1,556 $ 1,252
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 361 460
Provision for credit losses 330 300
Stock based compensation 660 87
Net gain on sale of securities (31) (53)
Earnings from investment in BOLI (55) (55)
Deferred tax expense (benefit) 298 (339)
Proceeds from sales of loans 1,233 5,555
Loans originated for sale (1,521) (4,669)
Gain on sale of loans (71) (269)
Increase in accrued interest receivable (159) (319)
Increase in other assets (271) (61)
Decrease in accrued interest payable (32) (45)
Decrease in other liabilities (53) (123)
Net Cash Provided By Operating Activities 2,245 1,721
Cash Flows From Investing Activities:    
Activity in available-for-sale securities: Sales 12,118 3,926
Activity for available-for-sale securities: Maturities, repayments and calls 8,867 11,386
Activity in available-for-sale securities: Purchases (8,687) (14,778)
Activity in held-to-maturity securities: Maturities, repayments and calls 2,194 509
Activity in held-to-maturity securities: Purchases   (1,500)
Net decrease (increase) in restricted stock 281 (133)
Net increase in loans (7,701) (8,520)
Purchases of property and equipment (1,206) (35)
Costs capitalized in OREO and other repossessed property (315)  
Proceeds from sale of OREO and other repossessed property 284  
Net Cash Provided By (Used In) Investing Activities 5,835 (9,145)
Cash Flows From Financing Activities:    
Net increase in deposits 30,780 22,178
Repayment of FHLBP advances (10,000)  
Net (decrease) increase in repurchase agreements (10,755) 1,095
Proceeds from issuance of subordinated debt   9,750
Repayment of other borrowings (10) (10)
Dividends paid (199) (220)
Proceeds from the exercise of stock options   163
Taxes on exercise of stock options (436) (46)
Tax benefit for restricted stock vest 64  
Redemption of preferred stock   (9,750)
Sale of treasury stock 97 95
Net Cash Provided by Financing Activities 9,541 23,255
Net Change in Cash and Cash Equivalents 17,621 15,831
Cash and Cash Equivalents at Beginning of Period 21,119  
Cash and Cash Equivalents at End of Period 38,740 28,335
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for: Interest 682 651
Cash paid during the period for: Income taxes $ 150 858
Supplemental Disclosure of Non-cash Flow Information:    
Transfers from loans to real estate owned and other repossessed property   $ 7