XML 23 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ 2,758 $ 167 $ (4,592)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 1,914 1,823 1,754
Provision for allowance for loan losses 116 568 2,582
Writedown of other real estate 460 782 937
(Gain) loss on sales of other real estate 101 (251) 789
Loss on credit impairment of securities     1,695
(Income) loss from other investments (42) 51 218
Gain on death benefits from life insurance (429)    
Amortization of available for sale securities 287 30 224
Amortization of held to maturity securities 253 181 83
Gain on liquidation, sales and calls of securities (134) (158) (8)
Increase in cash surrender value of life insurance (458) (406) (489)
Change in accrued interest receivable (49) (23) 293
Change in other assets (537) 191 1,087
Change in other liabilities 717 189 66
Net cash provided by operating activities 4,957 3,144 4,639
Cash flows from investing activities:      
Proceeds from maturities, liquidation, sales and calls of available for sale securities 71,315 149,715 56,593
Purchases of available for sale securities (83,561) (183,861) (45,042)
Proceeds from maturities of held to maturity securities 7,725 510 210
Purchases of held to maturity securities (10,991) (29,816) (1,534)
(Purchase) redemption of Federal Home Loan Bank Stock (831) 1,098 867
Proceeds from sales of other real estate 1,666 2,775 3,506
Loans, net change 33,531 17,127 13,630
Acquisition of premises and equipment (423) (1,021) (416)
Investment in cash surrender value of life insurance (94) (108) (101)
Proceeds from death benefits from life insurance 1,929    
Net cash provided by (used in) investing activities 20,266 (43,581) 27,713
Cash flows from financing activities:      
Demand and savings deposits, net change (51,804) 59,472 (2,463)
Time deposits, net change 6,358 2,837 (1,750)
Cash dividends (51)    
Retirement of stock (502)    
Borrowings from Federal Home Loan Bank 131,500 98,920 992,545
Repayments to Federal Home Loan Bank (126,559) (111,072) (1,012,844)
Net cash provided by (used in) financing activities (41,058) 50,157 (24,512)
Net increase (decrease) in cash and cash equivalents (15,835) 9,720 7,840
Cash and cash equivalents, beginning of year 41,116 31,396 23,556
Cash and cash equivalents, end of year $ 25,281 $ 41,116 $ 31,396