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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 3,190 $ 3,129
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 450 550
Depreciation 241 216
Amortization of intangible assets 29 34
Deferred income taxes (40) (127)
Net amortization of securities premiums and discounts 371 463
Net realized gain on sales of securities 0 (142)
Earnings and proceeds on life insurance policies (202) (273)
Gain on sales and write-downs of fixed assets and foreclosed real estate owned (8) (47)
Net gain on sale of loans (42) 0
Mortgage loans originated for sale (732) 0
Proceeds from sale of loans originated for sale 758 0
Compensation expense related to stock options 52 59
Compensation expense related to restricted stock 72 51
(Increase) decrease in accrued interest receivable (313) 29
Increase in accrued interest payable 651 22
Other, net (201) (1,920)
Net cash provided by operating activities 4,276 2,044
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales 327 10,761
Proceeds from maturities and principal reductions on mortgage-backed securities 5,684 7,724
Purchases 0 (8,179)
Purchase of regulatory stock (1,112) (765)
Redemption of regulatory stock 1,906 1,725
Net increase in loans (15,352) (11,925)
Purchase of premises and equipment (560) (160)
Proceeds from sales of foreclosed real estate owned 44 412
Net cash used in investing activities (9,063) (407)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 27,635 10,765
Net decrease in short-term borrowings (15,222) (12,625)
Repayments of other borrowings (4,329) (2,852)
Stock options exercised 113 75
Purchase of treasury stock (374) (179)
Cash dividends paid (1,510) (1,376)
Net cash provided by (used in) financing activities 6,313 (6,192)
Increase (decrease) in cash and cash equivalents 1,526 (4,555)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 18,348 [1] 16,697
CASH AND CASH EQUIVALENTS, END OF PERIOD 19,874 [1] 12,142
Supplemental Disclosures of Cash Flow Information    
Income taxes paid, net of refunds 1,504 1,200
Interest paid 46 19
Supplemental Schedule of Noncash Investing Activities:    
Transfers of loans to foreclosed real estate and repossession of other assets 822 203
Cash dividends declared $ 1,509 1,376
Investment maturity receivable   $ 2,009
[1] This financial instrument is carried at cost, which approximates the fair value of the instrument