XML 23 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ (411) $ 1,224
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation and amortization 1,133 966
Provision for loan losses 1,987 3,197
Deferred income tax provision 2,825 121
Net gain on sale and prepayment of investment securities (229) (659)
Stock-based compensation expense 366 281
Net amortization of securities (1,099) (1,518)
Net loss on premises and equipment, repossessed assets and other real estate 595 841
Changes in assets and liabilities:    
Increase in accrued interest receivable (70) (154)
Decrease (increase) in other assets (444) 10
Increase in accrued interest expense 140 61
Increase (decrease) in other liabilities (239) 775
Net cash provided by operating activities 6,752 8,181
Cash flows from investing activities:    
Net increase in federal funds sold (15,000)
Purchases of investment securities, available-for-sale (25,360) (67,762)
Purchases of investment securities, held-to-maturity (4,696) (16,848)
Proceeds from sales of investment securities, available-for-sale 1,749 30,439
Proceeds from maturities and prepayments of investment securities, available-for-sale 51,681 50,338
Proceeds from maturities and prepayments of investment securities, held-to-maturity 4,186 23,146
Net increase in Federal Home Loan Bank stock (28) (556)
Proceeds from the sale of premises and equipment and other real estate 1,347 1,657
Net change in loan portfolio (26,109) (71,826)
Purchases of premises and equipment (10,393) (7,891)
Net cash used in investing activities (22,623) (59,303)
Cash flows from financing activities:    
Net increase in customer deposits 19,523 18,298
Net increase in short-term borrowings 5,475 2,765
Proceeds from long-term Federal Home Loan Bank advances 10,000
Repayment of long-term Federal Home Loan Bank advances (5,000)
Net share-based compensation transactions (47) 0
Dividends paid (486) (483)
Net cash provided by financing activities 19,465 30,580
Net (decrease) increase in cash and cash equivalents 3,594 (20,542)
Cash and cash equivalents, beginning of period 23,530 44,072
Cash and cash equivalents, end of period $ 27,124 $ 23,530