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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Cash Flows from Operating Activities          
Net income $ 1,694 $ 726 $ 4,226 $ 1,714  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     1,010 896  
Amortization of core deposit intangibles 187 226 592 426  
Amortization of debt issuance costs     13    
Origination of loans held for sale     (7,331) (11,493)  
Proceeds from sale of loans held for sale     6,703 11,508  
Net gains on sales of loans held for sale (50) (53) (102) (158)  
Recovery of loan losses       (100) $ (100)
Net (gains) losses on sale of securities available for sale (4)   (10) 52  
Provision for other real estate owned     27 230  
Net gains on sale of other real estate owned     (193) (72)  
Income from bank owned life insurance (123) (106) (316) (270)  
Accretion of discounts and amortization of premiums on securities, net     656 521  
Accretion of premium on time deposits     (133) (164)  
Stock-based compensation     72 70  
Bargain purchase gain on branch acquisition       (201)  
Losses on disposal of premises and equipment 8   8    
Deferred income tax expense     347 223  
Changes in assets and liabilities:          
Decrease (increase) in interest receivable     30 (282)  
Increase in other assets     (655) (293)  
Increase in other liabilities     1,195 380  
Net cash provided by operating activities     6,139 2,987  
Cash Flows from Investing Activities          
Proceeds from maturities, calls, principal payments, and sales of securities available for sale     18,554 11,836  
Proceeds from maturities, calls, principal payments, and sales of securities held to maturity     11,025 1,220  
Purchase of securities available for sale       (37,638)  
Purchase of securities held to maturity       (55,569)  
Net purchase of restricted securities     (157) (25)  
Purchase of premises and equipment     (754) (1,768)  
Proceeds from sale of premises and equipment     23    
Proceeds from sale of other real estate owned     2,882 354  
Purchase of bank owned life insurance     (2,000)    
Proceeds from cash value of bank owned life insurance     250    
Net increase in loans     (31,786) (30,430)  
Acquisition of branches, net of cash paid       179,501  
Net cash (used in) provided by investing activities     (1,963) 67,481  
Cash Flows from Financing Activities          
Net increase (decrease) in demand deposits and savings accounts     23,073 (813)  
Net decrease in time deposits     (9,314) (16,256)  
Net decrease in other borrowings       (19)  
Cash dividends paid on common stock, net of reinvestment     (412) (341)  
Repurchase of common stock       (1)  
Cash dividends paid on preferred stock       (985)  
Decrease in federal funds purchased       (52)  
Net cash provided by (used in) financing activities     13,347 (18,467)  
Increase in cash and cash equivalents     17,523 52,001  
Cash and Cash Equivalents          
Cash and cash equivalents, beginning of period     39,334 24,845 24,845
Cash and cash equivalents, end of period $ 56,857 $ 76,846 56,857 76,846 $ 39,334
Cash payments for:          
Interest     1,628 873  
Income Taxes     1,276 752  
Supplemental Disclosures of Noncash Investing and Financing Activities          
Unrealized gains on securities available for sale     1,734 572  
Transfer from loans to other real estate owned     37 1,384  
Transfer from premises and equipment to other real estate owned     250    
Issuance of common stock, dividend reinvestment plan     $ 31 28  
Transactions Related to Acquisition          
Assets acquired       193,638  
Liabilities assumed       186,819  
Net assets acquired       $ 6,819