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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities:    
Net income $ 885,000 $ 1,611,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization (accretion) of investment premiums and discounts, net 97,000 155,000
Amortization and accretion of purchase loan premiums and discounts, net 118,000 190,000
Provision for Loan Losses 2,314,000 250,000
Depreciation and amortization 920,000 776,000
Share-based compensation 126,000 340,000
Deferred income taxes 351,000 888,000
Loss on disposal of fixed assets 133,000
Gain on acquisition of OREO (11,000)
Changes in assets and liabilities:    
Decrease in net deferred loan costs 115,000 216,000
Increase in accrued interest and dividends receivable (298,000) (189,000)
(Increase)/Decrease in other assets (421,000) 100,000
(Decrease)/Increase in accrued expenses and other liabilities (40,000) 548,000
Net cash provided by operating activities 4,156,000 5,018,000
Cash Flows from Investing Activities:    
Principal repayments on available for sale securities 2,092,000 3,151,000
Purchase of available for sale securities (1,000,000)
Proceeds from call of available for sale securities 5,000,000
Redemptions of Federal Home Loan Bank and Federal Reserve Bank, net 827,000 10,000
Increase in loans, net (77,082,000) (19,746,000)
Purchase of bank premises and equipment, net (2,349,000) (7,745,000)
Net cash used in investing activities (72,512,000) (24,330,000)
Cash Flows from Financing Activities:    
Net increase in deposits 26,505,000 4,227,000
Increase in FHLB borrowings 3,000,000
Repurchase of common stock (7,000)
Repayment of Note Payable (139,000) (15,000)
Proceeds from Note Payable 2,000,000
Decrease in advances from borrowers for taxes and insurance (889,000) (820,000)
Net cash used in financing activities 28,470,000 5,392,000
Net decrease in cash and cash equivalents (39,886,000) (13,920,000)
Beginning 85,400,000 73,258,000
Ending 45,514,000 59,338,000
Supplemental Disclosures of Cash Flow Information:    
Interest paid 2,398,000 1,717,000
Income taxes paid 253,000 3,000
Transfer of loans to other real estate owned $ 840,000