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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,136 $ 1,556
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 431 411
Depreciation and amortization expense 312 299
Deferred income taxes (93) 67
Stock compensation expense 49 21
Increase in cash value of life insurance (43) (41)
Gain on sale of securities (1)
Provision for loan losses 197 211
Proceeds from sales of loans 16,547 12,891
Loans originated for sale (15,818) (10,552)
Gain on sale of loans (240) (257)
Amortization of tax credit investment 82
Net realized and unrealized loss on foreclosed real estate 29 227
Decrease (increase) in accrued interest receivable 44 (74)
Decrease in accrued interest payable (9) (11)
Net change in other assets/liabilities (265) 77
Net Cash Provided By Operating Activities 3,358 4,825
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in interest-bearing time deposits (245)
Proceeds from maturities and sales of interest-bearing time deposits 1,239 1,445
Purchase of securities available for sale (6,326) (22,815)
Proceeds from maturities of securities available for sale 520 850
Proceeds from sales of securities available for sale 1,458
Principal collected on mortgage-backed obligations 6,295 5,936
Investment in cash value of life insurance (1,000)
Net (increase) decrease in loans receivable 2,176 (4,304)
Investment in tax credit entity (436)
Proceeds from sale of foreclosed real estate 99 193
Purchase of premises and equipment (50) (371)
Net Cash Provided By (Used In) Investing Activities 3,975 (19,311)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 17,009 17,009
Repayment of advances from Federal Home Loan Bank (10,000)
Dividends paid (772) (701)
Net Cash Provided By Financing Activities 6,237 16,308
Net Increase in Cash and Cash Equivalents 13,570 1,822
Cash and cash equivalents at beginning of period 25,915 45,835
Cash and Cash Equivalents at End of Period $ 39,485 $ 47,657