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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities    
Net income $ 675 $ 720
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 478 377
Net amortization and accretion of securities 179 200
Amortization of subordinated debt issuance costs 1  
Provision for loan losses 270 262
Stock compensation expense 17 20
(Gain) loss on securities available-for-sale (2) 17
Increase in OREO valuation allowance 72 127
Loss on sale of other real estate 8 92
Loss (gain) on disposal of fixed assets 7 (138)
Mortgage servicing rights (36) (3)
Loan originations for sale (5,801) (4,361)
Loan sales 5,200 4,263
Gain on sold loans (109) (96)
Increase in cash surrender value of life insurance (125) (91)
(Increase) decrease in accrued income and other assets (136) 185
Increase (decrease) in other liabilities 270 (176)
Net cash provided by operating activities 968 1,398
Cash Flows From Investing Activities    
Proceeds from maturities and principal paydowns of available-for-sale securities 1,595 1,741
Proceeds from sales and calls of available-for-sale securities 2,324 3,331
Purchase of bank owned life insurance   (2,001)
Purchases of available-for-sale securities (8,815) (2,751)
Sales (purchases) of restricted securities 169 (342)
Increase in federal funds sold (2,068) (84)
Loan (originations) and principal collections, net (18,480) (8,287)
Proceeds from sale of other real estate 99 371
Purchases of premises and equipment (737) (375)
Proceeds from the sale of premises and equipment   311
Net cash used in investing activities (25,913) (8,086)
Cash Flows From Financing Activities    
Increase in demand, savings, and other interest-bearing deposits 28,057 355
Net decrease in time deposits (2,041) (1,616)
Repurchase of common stock (168)  
Issuance of subordinated debt, net 6,842  
Net increase (decrease) in securities sold under repurchase agreements 2,775 (128)
(Decrease) increase in Federal Home Loan Bank advances (5,000) 10,000
Net cash provided by financing activities 30,465 8,611
Net increase in cash and due from banks 5,520 1,923
Cash and due from banks at beginning of period 20,965 15,689
Cash and due from banks at end of period 26,485 17,612
Cash paid for:    
Interest 1,251 1,109
Income taxes 390 341
Non-cash investing and financing:    
Unrealized (loss) gain on investment securities (264) 825
Change in fair value of pension and post-retirement obligation 0 0
Loans transferred to other real estate owned 129 197
Loans originated to facilitate sale of OREO 118 605
Changes in deferred taxes resulting from OCI transactions $ 90 $ 286