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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net income $ (1,267) $ 1,369
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Provision for loan losses 3,100 250
Depreciation expense 445 456
Net amortization of investment securities 87 85
Net realized gains on investment securities available for sale (57) 0
Net gains on loans held for sale (107) (191)
Amortization of deferred loan fees (74) (67)
Origination of mortgage loans held for sale (7,226) (11,764)
Sales of mortgage loans held for sale 7,898 13,431
Increase in accrued interest income receivable (238) (173)
Decrease in accrued interest payable (167) (161)
Earnings on bank owned life insurance (167) (171)
Deferred income taxes (976) 285
Amortization of deferred issuance costs 10 0
Stock based compensation expense 55 132
Other, net (912) (696)
Net cash provided by operating activities 404 2,785
INVESTING ACTIVITIES    
Purchases of investment securities - available for sale (6,128) 0
Purchases of investment securities - held to maturity (2,107) 0
Proceeds from sales of investment securities - available for sale 4,248 0
Proceeds from maturities of investment securities - available for sale 6,649 4,852
Proceeds from maturities of investment securities - held to maturity 253 350
Purchases of regulatory stock (4,929) (3,878)
Proceeds from redemption of regulatory stock 4,910 4,425
Long-term loans originated (52,432) (68,544)
Principal collected on long-term loans 48,974 41,248
Loans purchased or participated (3,995) (4,000)
Loans sold or participated 5,000 7,755
Proceeds from sale of other real estate owned 13 53
Proceeds from life insurance policy 0 200
Purchases of premises and equipment (227) (220)
Net cash used in investing activities 229 (17,759)
FINANCING ACTIVITIES    
Net increase in deposit balances 3,479 22,722
Net decrease in other short-term borrowings (8,796) (11,661)
Principal borrowings on advances from Federal Home Loan Bank 2,000 2,000
Principal repayments on advances from Federal Home Loan Bank (1,000) 0
Preferred stock redemption (21,000) 0
Common stock dividends (188) (188)
Preferred stock dividends (15) (53)
Net cash provided by financing activities (25,520) 12,820
NET DECREASE IN CASH AND CASH EQUIVALENTS (24,887) (2,154)
CASH AND CASH EQUIVALENTS AT JANUARY 1 48,510 32,872
CASH AND CASH EQUIVALENTS AT MARCH 31 $ 23,623 $ 30,718