XML 18 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Net income $ 3,750 $ 3,372
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Amortization of premiums and accretion of discounts on securities, net 849 472
Depreciation and amortization expense 609 579
Deferred income taxes (158) 162
Stock compensation expense 43 39
Increase in cash value of life insurance (113) (103)
Gain on life insurance (18) 0
Gain on sale of securities (61) (176)
Provision for loan losses 467 225
Proceeds from sales of loans 29,184 22,858
Loans originated for sale (26,131) (20,450)
Gain on sale of loans (611) (518)
Net realized and unrealized loss on foreclosed real estate 200 106
Increase in accrued interest receivable (122) (98)
Decrease in accrued interest payable (19) (22)
Net change in other assets/liabilities (448) (312)
Net Cash Provided By Operating Activities 7,421 6,134
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in interest-bearing time deposits (990) (495)
Proceeds from maturities and sales of interest-bearing time deposits 2,425 1,115
Purchase of securities available for sale (35,133) (138,801)
Proceeds from maturities of securities available for sale 2,785 66,150
Proceeds from sales of securities available for sale 1,090 4,583
Principal collected on mortgage-backed obligations 12,353 7,402
Net increase in loans receivable (14,116) (3,451)
Proceeds from sale of foreclosed real estate 872 795
Purchase of Federal Home Loan Bank Stock (329) 0
Purchase of premises and equipment (964) (910)
Proceeds from settlement of bank-owned life insurance policies 804 0
Net Cash Used In Investing Activities (31,203) (63,612)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 15,716 20,280
Purchase of treasury stock 0 (32)
Dividends paid (1,416) (1,416)
Net Cash Provided By Financing Activities 14,300 18,832
Net Decrease in Cash and Cash Equivalents (9,482) (38,646)
Cash and cash equivalents at beginning of period 45,835 109,174
Cash and Cash Equivalents at End of Period $ 36,353 $ 70,528