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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net income $ 2,100,000 $ 1,487,000
Provision for loan losses 165,000 105,000
Investment securities gain, net (488,000) (51,000)
Depreciation and amortization 308,000 231,000
Amortization of premium and discount on investment securities 124,000 107,000
Accretion of deferred loan fees, net (185,000) (71,000)
Origination of loans held for sale (4,562,000) (3,356,000)
Proceeds from sale of loans 1,921,000 4,374,000
Gain on sale of loans (234,000) (87,000)
Earnings on bank-owned life insurance (109,000) (99,000)
Deferred income tax (1,116,000) (218,000)
(Gain) loss on other real estate owned (78,000) 12,000
Other real estate owned writedowns 22,000 24,000
Increase in accrued interest receivable (199,000) (263,000)
Decrease in accrued interest payable (14,000) (6,000)
Core deposit intangible amortization 72,000 40,000
Other, net 547,000 (203,000)
Net cash (used in) provided by operating activities (1,726,000) 2,026,000
Proceeds from repayments and maturities 3,544,000 4,822,000
Proceeds from sale of securities 1,322,000
Purchases (1,744,000)
(Increase) decrease in loans, net (34,533,000) 3,215,000
Proceeds from the sale of other real estate owned 333,000 6,000
Purchase of bank-owned life insurance (4,000)
Purchase of premises and equipment (179,000) (18,000)
Purchase of restricted stock (899,000)
Redemption of restricted stock 795,000
Acquisition, net of cash paid 5,431,000
Net cash (used in) provided by investing activities (25,512,000) 7,603,000
Net increase in deposits 19,873,000 6,959,000
Increase (decrease) in short-term borrowings, net 7,854,000 (9,701,000)
Repayment of other borrowings (49,000) (64,000)
Proceeds from other borrowings 30,000,000
Common stock issued 53,000 29,000
Proceeds from dividend reinvestment and purchase plan 132,000 125,000
Cash dividends (756,000) (507,000)
Net cash provided by (used in) financing activities 57,107,000 (3,159,000)
Increase in cash and cash equivalents 29,869,000 6,470,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 32,495,000 23,750,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 62,364,000 30,220,000
Interest on deposits and borrowings 1,456,000 1,031,000
Income taxes 375,000
Transfers from loans to other real estate owned 977,000 77,000
Common stock issued in business acquisition 20,995
Liabilities assumed    
Acquisition, net of cash paid 5,431,000
Merger of Liberty Bank, N.A. into The Middlefield Banking Company [Member]    
Acquisition, net of cash paid 5,431,000  
Non-cash assets acquired    
Loans 194,320,000  
Loans held for sale 5,953,000  
Premises and equipment, net 325,000  
Accrued interest receivable 440,000  
Bank-owned life insurance 1,681,000  
Core deposit intangible 3,087,000  
Deferred tax asset (1,104,000)  
Other assets 997,000  
Goodwill 11,087,000  
216,786,000  
Liabilities assumed    
Time deposits (30,744,000)  
Deposits other than time deposits (167,300,000)  
Accrued interest payable (47,000)  
Other liabilities (3,131,000)  
(201,222,000)  
Net non-cash assets acquired 15,564,000  
Acquisition, net of cash paid $ 5,431,000