XML 28 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities      
Net income $ 7,786 $ 6,370 $ 6,897
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 946 932 843
Amortization of intangible and other assets 200 192 198
(Recovery of) loan losses (625) (188) (227)
Provision for other real estate owned 0 12 288
(Gain) loss on foreclosure and sale of other real estate owned (1) 90 (46)
Loss on the sale and disposal of premises and equipment 12 10 76
Loss on the sale of repossessed assets 6 1 0
Loss (gain) on the sale of securities 10 (98) (124)
Gain on redemption of trust preferred capital notes 0 0 (2,424)
Loss on derecognition of cash flow hedge 0 0  
Fair value adjustment on derivative contract 0 (149) (88)
Stock-based compensation expense 382 314 328
Premium amortization on securities, net 443 370 210
Deferred tax expense 532 207 432
Changes in assets and liabilities:      
(Increase) decrease in other assets (1,465) (1,095) 2,085
Increase (decrease) in other liabilities 1,141 2,732 (1,521)
Net cash provided by operating activities 9,367 9,700 7,164
Cash Flows from Investing Activities      
Proceeds from maturities, calls, and principal payments of securities available for sale 10,714 23,535 17,368
Proceeds from the sale of securities available for sale 20,283 11,356 3,653
Purchases of securities available for sale (43,797) (40,418) (33,453)
Proceeds from the sale of restricted securities 850 850 1,325
Purchases of restricted securities (889) (22) (413)
Proceeds from the sale of bank premises and equipment 0 0 7
Purchases of bank premises and equipment (368) (257) (2,875)
Proceeds from the sale of other real estate owned 318 564 1,956
Proceeds from the sale of repossessed assets 3 4 10
Net (increase) in loans (51,401) (21,995) (26,317)
Net cash (used in) investing activities (64,287) (26,383) (38,739)
Cash Flows from Financing Activities      
Net increase in demand deposits, money market and savings accounts 42,143 57,448 49,690
Net increase (decrease) in certificates of deposit 17,394 (4,289) (2,788)
Net (decrease) increase in Federal Home Loan Bank advances 0 20,000 20,000
Redemption of trust preferred capital notes 0 0 (4,793)
Issuance of common stock, employee benefit plan 166 81 187
Retirement of common stock 1,564 2,143 0
Cash dividends paid (2,652) (2,354) (2,064)
Net cash provided by financing activities 55,487 28,743 20,232
Increase (decrease) in cash and cash equivalents 567 12,060 (11,343)
Cash and Cash Equivalents      
Beginning 35,281 23,221 34,564
Ending 35,848 35,281 23,221
Supplemental Disclosures of Cash Flow Information      
Interest 1,144 1,099 1,442
Income taxes 2,744   583
Supplemental Schedule of Noncash Investing and Financing Activities:      
Unrealized gain (loss) on securities available for sale 432 (1,629) (688)
Minimum postretirement liability adjustment 3 0 0
Change in fair value of interest rate swap 0 0 52
Other real estate and repossessed assets acquired in settlement of loans 57 675 870
Loans made to finance the sale of other real estate owned 0 315 200
Issuance of common stock, dividend investment plan 403 533 729
Purchase of securities available for sale settled subsequent to year end $ 10,346 $ 9,826 $ 0