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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Cash Flows from Operating Activities          
Net income $ 1,433 $ 444 $ 2,532 $ 988  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     669 566  
Amortization of core deposit intangibles 198 196 405 200  
Amortization of debt issuance costs     8    
Origination of loans held for sale     (5,106) (7,781)  
Proceeds from sale of loans held for sale     3,662 6,236  
Net gains on sales of loans held for sale (31) (50) (52) (105)  
Recovery of loan losses   (100)   (100) $ (100)
Net (gains) losses on sale of securities available for sale     (6) 52  
Provision for other real estate owned     27 137  
Net gains on sale of other real estate owned     (191) (72)  
Income from bank owned life insurance (107) (90) (193) (164)  
Accretion of discounts and amortization of premiums on securities, net     437 311  
Accretion of premium on time deposits     (94) (81)  
Stock-based compensation     56 52  
Bargain purchase gain on branch acquisition   (201)   (201)  
Deferred income tax expense     349 78  
Changes in assets and liabilities:          
Decrease (increase) in interest receivable     49 (162)  
Increase in other assets     (440) (380)  
Increase in other liabilities     74 1,290  
Net cash provided by operating activities     2,186 864  
Cash Flows from Investing Activities          
Proceeds from maturities, calls, principal payments, and sales of securities available for sale     12,217 7,690  
Proceeds from maturities, calls, principal payments, and sales of securities held to maturity     8,966 240  
Purchase of securities available for sale       (37,638)  
Purchase of securities held to maturity       (37,602)  
Net purchase of restricted securities     (667) (25)  
Purchase of premises and equipment     (406) (1,222)  
Proceeds from sale of other real estate owned     2,438 354  
Purchase of bank owned life insurance     (2,000)    
Net increase in loans     (26,374) (14,738)  
Acquisition of branches, net of cash paid       179,501  
Net cash (used in) provided by investing activities     (5,826) 96,560  
Cash Flows from Financing Activities          
Net increase in demand deposits and savings accounts     10,852 1,528  
Net decrease in time deposits     (7,528) (11,705)  
Net increase (decrease) in other borrowings     12,000 (13)  
Cash dividends paid on common stock, net of reinvestment     (275) (226)  
Cash dividends paid on preferred stock       (657)  
Decrease in federal funds purchased       (52)  
Net cash provided by (used in) financing activities     15,049 (11,125)  
Increase in cash and cash equivalents     11,409 86,299  
Cash and Cash Equivalents          
Cash and cash equivalents, beginning of period     39,334 24,845 24,845
Cash and cash equivalents, end of period $ 50,743 $ 111,144 50,743 111,144 $ 39,334
Cash payments for:          
Interest     1,088 617  
Income Taxes     1,276 752  
Supplemental Disclosures of Noncash Investing and Financing Activities          
Unrealized gains on securities available for sale     1,505 428  
Transfer from loans to other real estate owned     37 938  
Issuance of common stock, dividend reinvestment plan     $ 21 20  
Transactions Related to Acquisition          
Assets acquired       193,638  
Liabilities assumed       186,819  
Net assets acquired       $ 6,819