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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 $ 11,944 $ 7,509 $ 6,920
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of premises and equipment 1,141 1,277 1,126
Net (accretion) of purchase accounting adjustments (188) (526) (255)
Net amortization of securities 260 378 407
Proceeds from sale of loans in secondary market 11,034 7,857 6,455
Loans disbursed for sale in secondary market (10,692) (7,592) (6,228)
Amortization of mortgage servicing rights 55 71 79
Gain on sale of loans (397) (336) (306)
Amortization of intangibles 135 156 68
Deferred tax (benefit) expense (134) 1,907 (725)
Provision for loan losses 1,039 2,564 2,826
Common stock issued to ESOP 295 428 575
Earnings on bank owned life insurance and annuity assets (717) (1,226) (725)
(Gain) loss on sale of other real estate owned 21 134 (22)
Net write-down of other real estate owned 538 55 489
Change in accrued interest receivable (135) (188) (496)
Change in accrued liabilities 1,946 1,681 1,461
Change in other assets 1,996 347 1,717
Net cash provided by operating activities 18,141 14,496 13,366
Cash flows from investing activities:      
Net cash acquired from Milton Bancorp, Inc. acquisition 1,770
Proceeds from sales of securities available for sale
Proceeds from maturities and paydowns of securities available for sale 21,139 20,389 18,591
Purchases of securities available for sale (23,757) (25,177) (20,256)
Proceeds from maturities of securities held to maturity 1,711 1,419 3,089
Purchases of securities held to maturity (389) (1,528)
Proceeds from maturities of certificates of deposit in financial institutions 245 490
Purchases of certificates of deposit in financial institutions (245) (395) (445)
Purchases of restricted investments in bank stocks (566)
Net change in loans (9,981) (37,918) (38,299)
Proceeds from sale of other real estate owned 1,132 1,466 403
Purchases of premises and equipment (2,725) (1,727) (1,683)
Proceeds from bank owned life insurance and annuity assets 2,107
Purchases of bank owned life insurance and annuity assets (2,200)
Net cash (used in) investing activities (12,726) (42,180) (38,434)
Cash flows from financing activities:      
Change in deposits (9,930) 66,444 10,150
Proceeds from common stock through dividend reinvestment 1,325 715
Cash dividends (3,967) (3,932) (3,585)
Proceeds from Federal Home Loan Bank borrowings 8,000 4,785 11,102
Repayment of Federal Home Loan Bank borrowings (3,162) (5,318) (1,883)
Change in other long-term borrowings (989) (459) 3,899
Change in other short-term borrowings (85) (144) 21
Net cash provided by (used in) by financing activities (8,808) 62,091 19,704
Cash and cash equivalents:      
Change in cash and cash equivalents (3,393) 34,407 (5,364)
Cash and cash equivalents at beginning of year 74,573 40,166 45,530
Cash and cash equivalents at end of year 71,180 74,573 40,166
Supplemental disclosure:      
Cash paid for interest 5,008 3,724 2,930
Cash paid for income taxes 2,050 2,236 1,725
Proceeds from bank owned life insurance and annuity assets not settled 1,993
Transfers from loans to other real estate owned 547 1,337 957
Other real estate owned sales financed by The Ohio Valley Bank Company 237 316
Issuance of common stock for Milton Bancorp, Inc. acquisition 11,444
Net assets acquired from Milton Bancorp, Inc. acquisition, excluding cash and cash equivalents $ 3,140