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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net Income $ 1,871 $ 1,368
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 568 74
Depreciation 426 438
Stock compensation 48 49
Gains on real estate, net (67) (27)
Write-downs of other real estate owned 9 506
Gain on loan sales (12) (2)
Loss on disposal of fixed assets 2 2
(Gains)/losses on sales of investment securities - available-for-sale (206) 97
Amortization of deferred loan fees (122) (86)
Decrease in accrued interest receivable and other assets 1,162 3,099
Increase in deferred tax benefit 927 (1,699)
Decrease in accrued interest payable and other liabilities (161) (1,492)
Earnings on bank owned life insurance (319) (267)
Net cash provided by operating activities 4,142 2,202
Investing activities    
Proceeds from maturities/calls of investment securities available-for-sale 11,901 9,295
Proceeds from maturities/calls of investment securities held-to-maturity 4,039 1,669
Proceeds from sales of investment securities available-for-sale 10,771 15,091
Purchases of investment securities available-for-sale (8,300) (27,563)
Purchases of investment securities held-to-maturity 0 (1,260)
Proceeds from sales of other real estate owned 950 512
Proceeds from loan sales 1,801 785
Net decrease in FHLB stock 23 386
Net (increase)/decrease in loans (23,626) 1,916
Purchases of premises and equipment (650) (165)
Net cash (used in)/provided by investing activities (3,091) 666
Financing activities    
Net increase in deposits 17,036 17,823
Preferred stock dividends paid (675) (675)
Preferred stock redemption (10,000) 0
Net decrease in short-term borrowings (6,274) (5,225)
Payments on long-term borrowings (18) (5,017)
Net cash used in financing activities 69 6,906
Increase in cash and cash equivalents 1,120 9,774
Cash and cash equivalents at beginning of the year 52,141 35,451
Cash and cash equivalents at end of period 53,261 45,225
Supplemental information    
Interest paid 2,003 2,551
Non-cash investing activities:    
Transfers from loans to other real estate owned 151 540
Available-for-sale Securities [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of investment securities discounts and premiums $ 16 $ 142