XML 23 R9.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net income $ 9,001 $ 7,786 $ 6,370
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 925 946 932
Amortization of other assets 201 200 192
Provision for (recovery of) loan losses 777 (625) (188)
Valuation adjustments other real estate owned 0 0 12
Loss (gain) on other real estate owned 866 (1) 90
Loss on the sale and disposal of premises and equipment 3 12 10
Loss on the sale of repossessed assets 0 6 1
(Gain) loss on the sale of securities (17) 10 (98)
Fair value adjustment on derivative contract 0 0 (149)
Stock-based compensation expense 518 382 314
Premium amortization on securities, net 483 443 370
Deferred tax (benefit) expense (399) 532 207
Changes in assets and liabilities:      
(Increase) in other assets (2,404) (1,465) (1,095)
(Decrease) increase in other liabilities (11,477) 1,141 2,732
Net cash (used in) provided by operating activities (1,523) 9,367 9,700
Cash Flows from Investing Activities      
Proceeds from maturities, calls, and principal payments of securities available for sale 16,604 10,714 23,535
Proceeds from the sale of securities available for sale 5,374 20,283 11,356
Purchases of securities available for sale (36,534) (43,797) (40,418)
Proceeds from the sale of restricted securities 0 850 850
Purchases of restricted securities (63) (889) (22)
Purchases of bank premises and equipment (432) (368) (257)
Proceeds from the sale of other real estate owned 1,933 318 564
Proceeds from the sale of repossessed assets 4 3 4
Net (increase) in loans (40,545) (51,401) (21,995)
Net cash (used in) investing activities (53,659) (64,287) (26,383)
Cash Flows from Financing Activities      
Net increase in demand deposits, money market and savings accounts 30,024 42,143 57,448
Net increase (decrease) in certificates of deposit 9,666 17,394 (4,289)
Net increase in federal funds purchased 1,871 0 0
Net (decrease) in Federal Home Loan Bank advances 0 0 20,000
Issuance of common stock, employee benefit plan 163 166 81
Retirement of common stock (1,261) (1,564) (2,143)
Cash dividends paid (2,776) (2,652) (2,354)
Net cash provided by financing activities 37,687 55,487 28,743
(Decrease) increase in cash and cash equivalents (17,495) 567 12,060
Cash and Cash Equivalents      
Beginning 35,848 35,281 23,221
Ending 18,353 35,848 35,281
Supplemental Disclosures of Cash Flow Information      
Interest 2,458 1,144 1,099
Income taxes 2,161 2,744  
Supplemental Schedule of Noncash Investing and Financing Activities:      
Unrealized (loss) gain on securities available for sale (2,358) 432 (1,629)
Minimum postretirement liability adjustment 0 3 0
Other real estate and repossessed assets acquired in settlement of loans 2,803 57 675
Loans made to finance the sale of other real estate owned 0 0 315
Issuance of common stock, dividend investment plan 483 403 533
Purchase of securities available for sale settled subsequent to year end $ 0 $ 10,346 $ 9,826