XML 19 R9.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net income $ 2,571 $ 2,539
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 231 234
Amortization of other assets 58 45
Provision for Loan Losses 194 205
(Gain) on other real estate owned 0 (397)
(Gain) loss on the sale and disposal of premises and equipment (120) 3
(Gain) on the sale of securities 3 (11)
Stock-based compensation expense 86 81
Premium amortization on securities, net 99 149
Changes in assets and liabilities:    
(Increase) in other assets (47) (60)
(Decrease) in other liabilities (1,050) (11,373)
Net cash provided by (used in) operating activities 2,025 (8,585)
Cash Flows from Investing Activities    
Proceeds from maturities calls and principal payments of securities available for sale 2,431 5,181
Proceeds from the sale of securities available for sale 3,818 3,464
Purchases of securities available for sale (3,888) (8,319)
Purchases of restricted investments 0 (59)
Purchases of bank premises and equipment (494) (132)
Proceeds from the sale of bank premises and equipment 258 0
Net (increase) in loans (12,346) (15,673)
Net cash (used in) investing activities (10,221) (15,538)
Cash Flows from Financing Activities    
Net increase in noninterest bearing demand deposits, savings, and interest bearing demand deposits 3,714 22,861
Net increase (decrease) in time deposits 621 (629)
Net (decrease) in federal funds purchased (1,516) 0
Repurchase and retirement of common stock (47) (157)
Cash dividends paid (714) (616)
Net cash provided by financing activities 2,058 21,459
(Decrease) in cash and cash equivalents (6,138) (2,664)
Cash and Cash Equivalents    
Beginning 18,353 35,848
Ending 12,215 33,184
Supplemental Disclosures of Cash Flow Information    
Interest 954 410
Income taxes 0 0
Supplemental Schedule of Noncash Investing and Financing Activities:    
Unrealized gain (loss) on securities available for sale 2,140 (3,282)
Other real estate and repossessed assets acquired in settlement of loans 0 2,799
Issuance of common stock, dividend investment plan 116 180
Lease liabilities arising from right-of-use assets $ 3,751 $ 0