XML 16 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 4,017 $ 4,666
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for loan losses (582) (271)
Depreciation 704 619
Amortization of discounts, net (1) (9)
Amortization of deferred loan fees (192) (906)
Amortization of core deposit intangible 500  
Amortization of other purchased fair value adjustments (74) (430)
Amortization of mortgage servicing rights 411 437
Capitalized mortgage servicing rights (461) (475)
Losses on sales of investments 0 9
Gain on sale of premises and equipment (8) 0
Gain on sales of real estate (72) (435)
Gain on sales of loans (1,528) (1,848)
Proceeds from sales of loans held for sale 63,449 68,442
Disbursements on loans held for sale (54,551) (56,644)
Amortization of restricted stock awards 109 134
Amortization of unearned Employee Stock Ownership Plan shares 145 146
Earned Employee Stock Ownership Plan shares priced above original cost 108 53
Stock option compensation expense 31 59
Decrease in accrued interest receivable 46 127
Decrease in accrued interest payable (124) (7)
Decrease in other assets 376 395
Increase in other liabilities 57 3,312
Other, net 51 15
Net cash provided by operating activities 11,986 17,457
Cash flows from investing activities:    
Principal collected on securities available for sale 636 986
Proceeds collected on maturities of securities available for sale 20,100 136,020
Purchases of securities available for sale (20,035) (104,968)
Purchase of Federal Home Loan Bank Stock (3,999) (1,079)
Redemption of Federal Home Loan Bank Stock 3,952 1,000
Proceeds from sales of real estate 309 2,250
Net increase in loans receivable (39,044) (76,593)
Acquisition payment, net of cash acquired 0 6,080
Proceeds from sale of premises and equipment 8 0
Purchases of premises and equipment (772) (1,269)
Net cash used by investing activities (38,845) (37,573)
Cash flows from financing activities:    
Increase in deposits 36,165 13,898
Stock awards withheld for tax withholding (54) 0
Proceeds from borrowings 99,200 25,000
Repayment of borrowings (106,200) (25,000)
Increase in customer escrows 787 1,030
Net cash provided by financing activities 29,898 14,928
Increase (decrease) in cash and cash equivalents 3,039 (5,188)
Cash and cash equivalents, beginning of period 27,561 39,782
Cash and cash equivalents, end of period 30,600 34,594
Supplemental cash flow disclosures:    
Cash paid for interest 1,485 1,176
Cash paid for income taxes 1,817 436
Supplemental noncash flow disclosures:    
Loans transferred to loans held for sale 8,144 12,085
Loans held for sale transferred to loans 164 0
Transfer of loans to real estate 40 591
Core Deposits [Member]    
Adjustments to reconcile net income to cash provided by operating activities:    
Amortization of core deposit intangible $ 75 $ 68