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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Cash Flows from Operating Activities          
Net income $ 1,711 $ 1,335 $ 3,532 $ 3,056  
Adjustments to reconcile net income to net cash provided by operating activities          
Provision for loan losses     570 766  
Depreciation and amortization     699 632  
Loans originated for resale     (4,192) (5,309)  
Proceeds from sale of loans originated for sale     4,296 4,456  
Gain on sale of loans held for sale     (104) (144)  
Net loss (gains) on the sale of OREO     18 (4)  
Losses (gains) on sales of HTM investment securities     1 (16)  
Gains on sales of AFS investment securities       (8)  
Gain on sale of asset (1) (7) (19) (7)  
Net amortization of premium/discount on investment securities     48 151  
Increase in OREO valuation allowance     374 234  
Increase in cash surrender of bank owned life insurance     (411) (303)  
(Increase) decrease in deferred income tax benefit     (395) 600  
(Increase) decrease in accrued interest receivable     (146) 43  
Stock based compensation     122 146  
Increase in deferred loan fees     72 78  
Increase (decrease) in accrued expenses and other liabilities     1,359 (85)  
Decrease in other assets     636 452  
Net cash provided by operating activities     6,460 4,738  
Cash Flows from Investing Activities          
Purchase of AFS investment securities     (45) (43)  
Proceeds from redemption or principal payments of AFS investment securities     3,649 4,512  
Purchase of HTM investment securities     (9,842) (750)  
Proceeds from maturities or principal payments of HTM investment securities     8,332 6,360  
Net increase of FHLB and FRB stock     (116) (1,068)  
Loans originated or acquired     (143,256) (137,242)  
Principal collected on loans     117,578 97,335  
Purchase of premises and equipment     (1,546) (847)  
Proceeds from sale of OREO     623 1,106  
Proceeds from sale of HTM investment securities     66 3,179  
Proceeds from sale of AFS investment securities       2,056  
Proceeds from disposal of asset     34 20  
Net cash used in investing activities     (24,523) (25,382)  
Cash Flows from Financing Activities          
Net increase (decrease) in deposits     31,001 (2,751)  
Proceeds from long-term debt       5,000  
Payments of long-term debt     (4,027) (777)  
Net increase in short term borrowings     10,000 7,000  
Exercise of stock options       106  
Proceeds from Subordinated Notes     23,000    
Redemption of Small Business Lending Fund Preferred Stock     (20,000)    
Dividends paid     (995) (1,035)  
Net change in unearned ESOP shares     (28)    
Repurchase of common stock     (329)    
Net cash provided by financing activities     38,622 7,543  
Increase (Decrease) in Cash and Cash Equivalents     20,559 (13,101)  
Cash and cash equivalents - January 1     21,373 24,519 $ 24,519
Cash and cash equivalents - June 30 $ 41,932 $ 11,418 41,932 11,418 $ 21,373
Supplemental Disclosures of Cash Flow Information          
Interest     2,994 3,423  
Income taxes     1,088 2,145  
Supplemental Schedule of Non-Cash Operating Activities          
Issuance of common stock for payment of compensation     216 182  
Transfer from loans to OREO     $ 1,556 $ 1,082