XML 20 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 3,073 $ 2,585
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 100 100
Depreciation 486 499
Amortization 752 776
Compensation expense on employee stock purchases and restricted stock units 74 17
Gains on sales of securities (53) (92)
Gains on sales of loans (812) (450)
Loans originated for sale (7,544) (12,722)
Proceeds from loan sales 7,663 12,739
Earnings on bank-owned life insurance (475) $ (143)
Proceeds on bank-owned life insurance $ 461  
Gains on sales of other real estate owned   $ (14)
Write-downs of other real estate owned $ 76 125
Proceeds from sales of other real estate owned 124 432
Deferred federal income tax expense/(benefit) (303) (119)
Net changes in other assets (289) 18
Net changes in other liabilities (85) 689
Net cash from operating activities 3,248 4,440
Securities available for sale:    
Sales 4,633 10,829
Maturities, prepayments and calls 5,958 6,349
Purchases (18,969) (19,719)
Loan originations and payments, net 9,926 (14,291)
Additions to premises and equipment (502) (421)
Net cash from investing activities 1,046 (17,253)
Cash flows from financing activities:    
Net change in deposits (12,040) 9,642
Net change in repurchase agreements (5,703) (3,672)
Proceeds from Federal Home Loan Bank advances 88,575 25,000
Payments on Federal Home Loan Bank advances (75,065) (17,014)
Issuance of common stock 102 $ 75
Repurchase of common stock (371)  
Cash dividends (1,051) $ (956)
Net cash from financing activities (5,553) 13,075
Net change in cash and cash equivalents (1,259) 262
Beginning cash and cash equivalents 16,650 20,479
Ending cash and cash equivalents 15,391 20,741
Supplemental disclosures of cash flow information:    
Cash paid for interest 514 599
Cash paid for income taxes 1,970 200
Loans transferred to other real estate owned $ 327 $ 384