XML 19 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities    
Net income $ 1,099 $ 544
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 334 238
Amortization of core deposit intangibles 207 4
Amortization of debt issuance costs 4  
Origination of loans held for sale (1,506) (2,210)
Proceeds from sale of loans held for sale 1,327 2,593
Net gains on sales of loans held for sale (21) (55)
Net (gains) losses on sale of securities available for sale (6) 52
Net gains on sale of other real estate owned (94) (57)
Income from bank owned life insurance (86) (74)
Accretion of discounts and amortization of premiums on securities, net 219 148
Accretion of premium on time deposits (51)  
Stock-based compensation 40 43
Deferred income tax benefit (76) (2)
Changes in assets and liabilities:    
(Increase) decrease in interest receivable (80) 5
Increase in other assets (45) (5)
Increase in other liabilities 688 151
Net cash provided by operating activities 1,953 1,375
Cash Flows from Investing Activities    
Proceeds from maturities, calls, principal payments, and sales of securities available for sale 7,531 3,668
Proceeds from maturities, calls, and principal payments of securities held to maturity 1,481  
Purchase of securities available for sale   (10,515)
Net purchase of restricted securities (157) (633)
Purchase of premises and equipment (311) (410)
Proceeds from sale of other real estate owned 698 224
Purchase of bank owned life insurance (2,000)  
Net increase in loans (15,118) (20,282)
Net cash used in investing activities (7,876) (27,948)
Cash Flows from Financing Activities    
Net increase (decrease) in demand deposits and savings accounts 10,367 (792)
Net decrease in time deposits (4,314) (4,760)
Net increase in other borrowings   14,994
Cash dividends paid on common stock, net of reinvestment (137) (114)
Cash dividends paid on preferred stock   (329)
Increase in federal funds purchased   1,903
Net cash provided by financing activities 5,916 10,902
Decrease in cash and cash equivalents (7) (15,671)
Cash and Cash Equivalents    
Cash and cash equivalents, beginning of period 39,334 24,845
Cash and cash equivalents, end of period 39,327 9,174
Cash payments for:    
Interest 550 371
Income Taxes 271 363
Supplemental Disclosures of Noncash Investing and Financing Activities    
Unrealized gains on securities available for sale 1,130 916
Transfer from loans to other real estate owned 37 228
Issuance of common stock, dividend reinvestment plan $ 11 $ 8