XML 20 R9.htm IDEA: XBRL DOCUMENT v3.19.1
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 1,234 $ 414
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 400 351
Provision for loan and lease losses 400 658
Deferred income tax provision 344 79
Net gain on sale and prepayment of investment securities (13) (3)
Stock-based compensation expense 93 112
Net amortization of securities (153) (225)
Amortization of intangible assets 128
Net loss on premises and equipment and other real estate 114 12
Changes in assets and liabilities:    
Decrease in accrued interest receivable 330 46
Increase in other assets (4,252) (67)
Increase in accrued interest payable 69 6
Increase (decrease) in other liabilities 3,081 (483)
Net cash provided by operating activities 2,081 1,350
Cash flows from investing activities:    
Net (increase) decrease in federal funds sold (6,726) 15,000
Purchases of investment securities, available-for-sale (2,560) (15,224)
Proceeds from maturities and prepayments of investment securities, available-for-sale 8,864 10,367
Proceeds from maturities and prepayments of investment securities, held-to-maturity 602 949
Net (increase) decrease in Federal Home Loan Bank stock (10) 196
Proceeds from the sale of premises and equipment and other real estate 464 711
Net decrease (increase) in loans 11,440 (8,661)
Purchases of premises and equipment (1,691) (115)
Net cash provided by investing activities 10,383 3,223
Cash flows from financing activities:    
Net (decrease) increase in deposits (1,364) 8,194
Net decrease in short-term borrowings (527) (5,296)
Dividends paid (126) (122)
Net cash provided by (used in) financing activities (2,017) 2,776
Net increase in cash and cash equivalents 10,447 7,349
Cash and cash equivalents, beginning of period 49,599 27,124
Cash and cash equivalents, end of period 60,046 34,473
Supplemental disclosures:    
Interest 1,571 799
Income taxes 151 136
Non-cash transactions:    
Assets acquired in settlement of loans $ 267 $ 213