XML 33 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash Flows from Operating Activities    
Net Income $ 865us-gaap_NetIncomeLoss $ 867us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Amortization of deferred loan fees (297)us-gaap_AmortizationOfDeferredLoanOriginationFeesNet (232)us-gaap_AmortizationOfDeferredLoanOriginationFeesNet
Net amortization of premiums and discounts 91us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 48us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Provision for loan losses 100us-gaap_ProvisionForLoanAndLeaseLosses 200us-gaap_ProvisionForLoanAndLeaseLosses
Provision for depreciation 280us-gaap_Depreciation 283us-gaap_Depreciation
Gain on sale of mortgage loans (470)us-gaap_GainLossOnSaleOfLoansAndLeases (352)us-gaap_GainLossOnSaleOfLoansAndLeases
Gain on sale of foreclosed real estate (99)us-gaap_GainsLossesOnSalesOfOtherRealEstate (96)us-gaap_GainsLossesOnSalesOfOtherRealEstate
Proceeds from loans sold to others 29,473us-gaap_ProceedsFromSaleOfLoansHeldForSale 16,115us-gaap_ProceedsFromSaleOfLoansHeldForSale
Loans originated for sale (34,897)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale (18,193)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale
Stock-based compensation expense 34us-gaap_ShareBasedCompensation 59us-gaap_ShareBasedCompensation
Decrease in accrued interest receivable and other assets 1,689svbi_IncreaseDecreaseInAccruedInterestReceivableAndOtherAssets 230svbi_IncreaseDecreaseInAccruedInterestReceivableAndOtherAssets
Increase in accrued interest payable and other liabilities 1,587us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 1,189us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash (used in) provided by operating activities (1,644)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 118us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash Flows from Investing Activities    
Proceeds from maturing investment securities held to maturity 1,000us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 1,000us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Principal collected on mortgage-backed securities held to maturity 606us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS 78us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS
Net decrease (increase) in loans 14,466us-gaap_PaymentsForProceedsFromLoansAndLeases (916)us-gaap_PaymentsForProceedsFromLoansAndLeases
Proceeds from sale of foreclosed real estate 821us-gaap_ProceedsFromSaleOfForeclosedAssets 3,507us-gaap_ProceedsFromSaleOfForeclosedAssets
Investment in premises and equipment (107)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (257)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Redemption of FHLB stock 353us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock 299us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock
Net cash provided by investing activities 17,139us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 3,711us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash Flows from Financing Activities    
Net increase (decrease) in deposits 2,721us-gaap_IncreaseDecreaseInDeposits (8,285)us-gaap_IncreaseDecreaseInDeposits
Proceeds from exercise of options 93us-gaap_ProceedsFromStockOptionsExercised 0us-gaap_ProceedsFromStockOptionsExercised
Net cash provided by (used in) financing activities 2,814us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (8,285)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Increase (decrease) in cash and cash equivalents 18,309us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (4,456)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 33,335us-gaap_CashAndCashEquivalentsAtCarryingValue 98,376us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 51,644us-gaap_CashAndCashEquivalentsAtCarryingValue 93,920us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during period for:    
Interest 1,994us-gaap_InterestPaid 1,992us-gaap_InterestPaid
Income taxes 1us-gaap_IncomeTaxesPaid 7us-gaap_IncomeTaxesPaid
Transfer of loans to foreclosed real estate $ 986svbi_TransferForeclosedRealEstate $ 0svbi_TransferForeclosedRealEstate