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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
Net income $ 5,997 $ 3,023 $ 5,193
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision (credit) for loan losses 1,250 375 (1,100)
Depreciation and amortization expense 1,790 1,836 1,683
Net amortization of investment securities 342 385 755
Net realized gains on investment securities - available for sale (71) [1] (177) [1] (204)
Net gains on loans held for sale (767) (748) (1,089)
Amortization of deferred loan fees (249) (262) (304)
Origination of mortgage loans held for sale (51,759) (51,481) (60,826)
Sales of mortgage loans held for sale 54,574 50,580 69,089
Decrease (increase) in accrued interest receivable 70 (219) 52
Decrease in accrued interest payable (55) (78) (299)
Earnings on bank-owned life insurance (690) (748) (811)
Deferred income taxes 888 562 2,150
Stock compensation expense 186 66 88
Goodwill impairment charge 0 669 0
Decrease in prepaid Federal Deposit Insurance 0 0 1,444
Other, net (1,674) 1,179 (967)
Net cash provided by operating activities 9,832 4,962 14,854
INVESTING ACTIVITIES      
Purchase of investment securities - available for sale (22,241) (12,218) (50,125)
Purchase of investment securities - held to maturity (6,237) (3,093) (8,942)
Proceeds from maturities of investment securities - available for sale 24,532 22,900 43,307
Proceeds from maturities of investment securities - held to maturity 4,601 1,390 4,425
Proceeds from sales of investment securities - available for sale 3,570 5,242 11,185
Purchase of regulatory stock (19,320) (9,817) (5,865)
Proceeds from redemption of regulatory stock 18,740 10,446 5,367
Long-term loans originated (246,304) (177,351) (205,549)
Principal collected on long-term loans 183,380 130,476 146,720
Participations purchased (15,019) (5,347) (12,990)
Participations sold 23,774 10,810 8,500
Net increase in other short-term loans (627) (3,558) (679)
Purchases of premises and equipment (881) (1,720) (3,004)
Proceeds from sale of other real estate owned 579 946 993
Proceeds from life insurance policies 1,598 0 356
Net cash used in investing activities (49,855) (30,894) (66,301)
FINANCING ACTIVITIES      
Net increase in deposit balances 33,339 15,375 18,744
Net increase (decrease) in other short-term borrowings 9,868 (2,675) 25,895
Principal borrowings on advances from Federal Home Loan Bank 10,000 17,000 18,000
Principal repayments on advances from Federal Home Loan Bank (4,000) 0 (6,000)
Subordinated debt issuance, net 7,418 0 0
Preferred stock dividend paid (210) (210) (209)
Common stock dividend paid (754) (752) (566)
Purchase of treasury stock 0 0 (1,171)
Net cash provided by financing activities 55,661 28,738 54,693
NET INCREASE IN CASH AND CASH EQUIVALENTS 15,638 2,806 3,246
CASH AND CASH EQUIVALENTS AT JANUARY 1 32,872 30,066 26,820
CASH AND CASH EQUIVALENTS AT DECEMBER 31 $ 48,510 $ 32,872 $ 30,066
[1] Amounts in parentheses indicate credits.