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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 6,090 $ 5,743 $ 5,695
Adjustments to reconcile net income to net cash from operating activities:      
Provision for loan losses   100 100
Depreciation 1,078 986 986
Amortization 1,531 1,497 1,493
Compensation expense on employee and director stock purchases, stock options, and restricted stock units 380 118 60
Net gains on sales of securities (312) (261) (311)
Gains on sales of loans (1,748) (1,416) (1,023)
Loans originated for sale (53,591) (47,498) (29,850)
Proceeds from loan sales 57,830 46,077 29,561
Earnings on bank-owned life insurance (356) (347) (302)
Earnings from death benefit   (304)  
Proceeds on bank-owned life insurance   461  
(Gains)/losses on sales of other real estate owned 8 30 (24)
Write-downs of other real estate owned   91 154
Proceeds from sales of other real estate owned 247 406 789
Deferred federal income tax (benefit)/expense (82) (631) (460)
Net change in:      
Other assets (1,952) (503) (380)
Other liabilities 1,804 (571) 985
Net cash from operating activities 10,927 3,978 7,473
Cash flows from investing activities:      
Sales of securities available for sale 15,317 25,876 24,766
Maturities, prepayments and calls of securities available for sale 36,705 27,084 11,427
Purchases of securities available for sale (69,526) (70,902) (41,770)
Purchase of Federal Reserve Bank stock   (301)  
Purchases or calls of FHLB stock (380) 299 565
Purchase of bank-owned life insurance policies (1,500)   (1,500)
Loan originations and payments, net (20,274) (3,678) (31,370)
Additions to premises and equipment (1,819) (1,038) (786)
Net cash from investing activities (41,477) (22,660) (38,668)
Cash flows from financing activities:      
Net change in deposits 37,690 39,868 16,701
Net change in repurchase agreements (1,547) (17,283) 710
Proceeds from Federal Home Loan Bank advances 311,017 194,575 87,700
Payments on Federal Home Loan Bank advances (310,048) (201,606) (75,729)
Cash proceeds from the issuance of common stock 85 206 132
Repurchase of common stock (794) (371) (203)
Cash dividends (2,231) (2,170) (1,945)
Net cash from financing activities 34,172 13,219 27,366
Net change in cash and cash equivalents 3,622 (5,463) (3,829)
Beginning cash and cash equivalents 11,187 16,650 20,479
Ending cash and cash equivalents 14,809 11,187 16,650
Supplemental disclosures of cash flow information:      
Cash paid for interest 984 1,005 1,161
Cash paid for income taxes 1,760 2,395 1,760
Loans transferred to other real estate owned $ 661 $ 408 $ 561