XML 22 R9.htm IDEA: XBRL DOCUMENT v3.19.1
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 $ 7,333 $ 6,168 $ 6,090
Adjustments to reconcile net income to net cash from operating activities:      
Provision for loan losses 35 485  
Depreciation 1,183 1,389 1,078
Amortization 893 1,061 1,531
Compensation expense on employee and director stock purchases, stock options, and restricted stock units 344 317 380
Net (gains)/losses on sales of securities (34) 280 (312)
Net change in market value of equity securities (71)    
Gains on sales of loans (1,003) (1,265) (1,748)
Loans originated for sale (33,555) (43,171) (53,591)
Proceeds from loan sales 34,872 42,883 57,830
Earnings on bank-owned life insurance (385) (398) (356)
(Gains)/losses on sales of other real estate owned (79) (18) 8
Proceeds from sales of other real estate owned 515 663 247
Deferred federal income tax (benefit)/expense 209 62 (82)
Net change in:      
Other assets (875) 417 (1,952)
Other liabilities 573 (783) 1,804
Net cash from operating activities 9,955 8,090 10,927
Cash flows from investing activities:      
Sales of securities available for sale 2,725 57,628 15,317
Maturities, prepayments and calls of securities available for sale 13,443 17,572 36,705
Purchases of securities available for sale (31,450) (56,123) (69,526)
Purchases or calls of FHLB stock     (380)
Purchase of bank-owned life insurance policies     (1,500)
Loan originations and payments, net (24,366) (35,723) (20,274)
Additions to premises and equipment (4,207) (1,656) (1,819)
Net cash used in investing activities (43,855) (18,302) (41,477)
Cash flows from financing activities:      
Net change in deposits 37,162 27,467 37,690
Net change in repurchase agreements (7,148) (765) (1,547)
Net change in fed funds purchased 4,800    
Proceeds from Federal Home Loan Bank advances 128,500 212,500 311,017
Payments on Federal Home Loan Bank advances (143,535) (204,533) (310,048)
Issuance of common stock 77 98 85
Repurchase of common stock (523) (203) (794)
Cash dividends and fractional shares from stock dividend (2,580) (2,324) (2,231)
Net cash from financing activities 16,753 32,240 34,172
Net change in cash and cash equivalents (17,147) 22,028 3,622
Beginning cash and cash equivalents 36,837 14,809 11,187
Ending cash and cash equivalents 19,690 36,837 14,809
Supplemental disclosures of cash flow information:      
Cash paid for interest 2,300 1,465 984
Cash paid for income taxes 850 2,120 1,760
Loans transferred to other real estate owned $ 432 $ 314 $ 661