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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Cash Flows from Operating Activities          
Net income $ 444 $ 1,542 $ 988 $ 2,688  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     566 494  
Amortization of core deposit intangibles     200 8  
Origination of loans held for sale     (7,781)    
Proceeds from sale of loans held for sale     6,236    
Net gains on sales of loans held for sale (50)   (105)    
Recovery of loan losses (100) (400) (100) (600) $ (3,850)
Provision for other real estate owned     137 86  
Net (gains) losses on sale of securities available for sale   (22) 52 (22)  
Net gains on sale of other real estate owned     (72) (160)  
Losses on disposal of premises and equipment       2  
Income from bank owned life insurance (90) (89) (164) (163)  
Accretion of discounts and amortization of premiums on securities, net     311 322  
Accretion of premium on time deposits     81    
Stock-based compensation     52    
Bargain purchase gain on branch acquisition     (201)    
Changes in assets and liabilities:          
(Increase) decrease in interest receivable     (162) 44  
(Increase) decrease in other assets     (302) 334  
Increase (decrease) in other liabilities     1,290 (1,137)  
Net cash provided by operating activities     1,026 1,896  
Cash Flows from Investing Activities          
Proceeds from sales of securities available for sale       3,453  
Proceeds from maturities, calls, and principal payments of securities available for sale     7,690 6,247  
Proceeds from maturities, calls, and principal payments of securities held to maturity     240    
Purchase of securities available for sale     (37,638) (14,219)  
Purchase of securities held to maturity     (37,602)    
Proceeds from redemption of restricted securities     638 168  
Purchase of restricted securities     (663)    
Purchase of premises and equipment     (1,222) (160)  
Proceeds from sale of other real estate owned     354 1,021  
Net increase in loans     (14,738) (10,574)  
Acquisition of branches, net of cash paid     179,501    
Net cash provided by (used in) investing activities     96,560 (14,064)  
Cash Flows from Financing Activities          
Net increase in demand deposits and savings accounts     1,528 8,370  
Net decrease in time deposits     (11,867) (7,883)  
Proceeds from other borrowings     15,000    
Principal payments on other borrowings     (15,013) (13)  
Cash dividends paid on preferred stock     (657) (379)  
Cash dividends paid on common stock, net of reinvestment     (226) (113)  
Decrease in federal funds purchased     (52)    
Net cash used in financing activities     (11,287) (18)  
Increase (decrease) in cash and cash equivalents     86,299 (12,186)  
Cash and Cash Equivalents          
Beginning     24,845 31,508 31,508
Ending $ 111,144 $ 19,322 111,144 19,322 $ 24,845
Supplemental Disclosures of Cash Flow Information          
Interest     617 965  
Income Taxes     752 321  
Supplemental Disclosures of Noncash Investing and Financing Activities          
Unrealized gains on securities available for sale     428 1,364  
Transfer from loans to other real estate owned     938 139  
Issuance of common stock, dividend reinvestment plan     17 $ 9  
Transactions Related to Acquisition          
Assets acquired     193,638    
Liabilities assumed     186,819    
Net assets acquired     $ 6,819