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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES      
Net income $ 3,293 $ 2,310 $ 5,997
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 800 3,950 1,250
Depreciation and amortization expense 1,665 1,803 1,790
Net amortization of investment securities 436 488 342
Net realized gains on investment securities - available for sale (115) (177) (71)
Net gains on loans held for sale (679) (884) (767)
Amortization of deferred loan fees (162) (231) (249)
Origination of mortgage loans held for sale (45,637) (59,252) (51,759)
Sales of mortgage loans held for sale 46,285 60,045 54,574
Decrease (increase) in accrued interest receivable (487) (59) 70
Increase (decrease) in accrued interest payable 114 (11) (55)
Earnings on bank-owned life insurance (571) (675) (690)
Deferred income taxes 4,303 414 888
Stock compensation expense 173 94 186
Amortization of long term debt issuance costs 39 39 0
Other, net (1,776) (1,186) (1,674)
Net cash provided by operating activities 7,681 6,668 9,832
INVESTING ACTIVITIES      
Purchase of investment securities - available for sale (32,889) (42,844) (22,241)
Purchase of investment securities - held to maturity (10,572) (12,038) (6,237)
Proceeds from maturities of investment securities - available for sale 22,311 24,574 24,532
Proceeds from maturities of investment securities - held to maturity 2,383 2,693 4,601
Proceeds from sales of investment securities - available for sale 8,143 8,966 3,570
Purchases of regulatory stock (17,661) (10,911) (19,320)
Proceeds from redemption of regulatory stock 16,345 12,180 18,740
Long-term loans originated (154,054) (196,998) (246,304)
Principal collected on long-term loans 157,258 189,505 183,380
Participations purchased (11,804) (17,192) (15,019)
Participations sold 2,800 18,900 23,774
Net increase in other short-term loans (502) (875) (627)
Purchases of premises and equipment (2,705) (1,380) (881)
Proceeds from sale of other real estate owned 108 235 579
Proceeds from life insurance policies 614 0 1,598
Net cash used in investing activities (20,225) (25,185) (49,855)
FINANCING ACTIVITIES      
Net (decrease) increase in deposit balances (19,841) 64,492 33,339
Net increase (decrease) in other short-term borrowings 36,330 (35,994) 9,868
Principal borrowings on advances from Federal Home Loan Bank 12,687 9,542 10,000
Principal repayments on advances from Federal Home Loan Bank (12,000) (12,000) (4,000)
Subordinated debt issuance, net 0 0 7,418
Purchases of treasury stock (3,404) 0 0
Preferred stock redemption 0 (21,000) 0
Preferred stock dividend paid 0 (15) (210)
Common stock dividend paid (1,113) (945) (754)
Net cash provided by financing activities 12,659 4,080 55,661
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 115 (14,437) 15,638
CASH AND CASH EQUIVALENTS AT JANUARY 1 34,073 48,510 32,872
CASH AND CASH EQUIVALENTS AT DECEMBER 31 $ 34,188 $ 34,073 $ 48,510