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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Cash Flows from Operating Activities      
Net income $ 2,261 $ 2,687  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of premises and equipment 337 345  
Amortization of core deposit intangibles 90 131  
Amortization of debt issuance costs 4 4  
Origination of loans held for sale (1,602) (192)  
Proceeds from sale of loans held for sale 1,843 571  
Net gains on sales of loans held for sale (22) (9)  
Provision for loan losses 0 100 $ 600
Net gains on sale of other real estate owned 0 (24)  
Increase in cash value of bank owned life insurance (103) (91)  
Accretion of discounts and amortization of premiums on securities, net 138 138  
Accretion of premium on time deposits (16) (22)  
Stock-based compensation 43 70  
Excess tax benefits on stock-based compensation (2) (7)  
Deferred income tax (benefit) expense (16) 37  
Changes in assets and liabilities:      
(Increase) decrease in interest receivable (30) 47  
(Increase) decrease in other assets (170) 1,394  
Increase (decrease) in accrued expenses and other liabilities 394 (743)  
Net cash provided by operating activities 3,149 4,436  
Cash Flows from Investing Activities      
Proceeds from maturities, calls, and principal payments of securities available for sale 3,990 3,052  
Proceeds from maturities, calls, and principal payments of securities held to maturity 452 1,368  
Purchases of securities available for sale (502) (8,676)  
Net purchase of restricted securities (13) (20)  
Purchase of premises and equipment (553) (287)  
Proceeds from sale of other real estate owned 0 350  
Purchase of bank owned life insurance (3,000) 0  
Proceeds from cash value of bank owned life insurance 0 347  
Net (increase) decrease in loans (7,682) 1,111  
Net cash used in investing activities (7,308) (2,755)  
Cash Flows from Financing Activities      
Net increase in demand deposits and savings accounts 15,587 25,461  
Net (decrease) increase in time deposits (1,913) 2,406  
Net increase in other borrowings 5,000 0  
Cash dividends paid on common stock, net of reinvestment (418) (233)  
Repurchase of common stock (20) (24)  
Net cash provided by financing activities 18,236 27,610  
Increase in cash and cash equivalents 14,077 29,291  
Cash and Cash Equivalents      
Beginning 28,618 39,986 39,986
Ending 42,695 69,277 $ 28,618
Cash payments for:      
Interest 1,123 779  
Supplemental Disclosures of Noncash Investing and Financing Activities      
Unrealized gains (losses) on securities available for sale 1,935 (1,091)  
Unrealized losses on securities transferred from held to maturity to available for sale (431) 0  
Fair value of securities transferred from held to maturity to available for sale 23,036 0  
Change in pension liability 0 (126)  
Issuance of common stock, dividend reinvestment plan $ 28 $ 15