XML 51 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 253,836us-gaap_NetIncomeLoss $ 5,504,146us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 257,940us-gaap_DepreciationAmortizationAndAccretionNet 308,010us-gaap_DepreciationAmortizationAndAccretionNet
Net amortization of securities 222,327us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 287,298us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Net realized gain on sale of securities (7,409)us-gaap_GainLossOnSaleOfSecuritiesNet 0us-gaap_GainLossOnSaleOfSecuritiesNet
Net realized gain on sale of loans (102,892)us-gaap_GainLossOnSalesOfLoansNet (166,766)us-gaap_GainLossOnSalesOfLoansNet
Net realized gain on sale of foreclosed assets (129,353)us-gaap_GainsLossesOnSalesOfOtherRealEstate (181,163)us-gaap_GainsLossesOnSalesOfOtherRealEstate
Net realized gain on sale of premises and equipment 0us-gaap_GainLossOnSaleOfPropertyPlantEquipment (1,000)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Net realized gain on the extinguishment of debt 0us-gaap_GainsLossesOnExtinguishmentOfDebt (5,262,653)us-gaap_GainsLossesOnExtinguishmentOfDebt
Foreclosed asset impairment 70,028cshb_ForeclosedAssetImpairment 141,531cshb_ForeclosedAssetImpairment
Originations of loans for sale (3,831,981)cshb_OriginationsOfLoansForSale (7,291,857)cshb_OriginationsOfLoansForSale
Proceeds from loan sales 3,914,428us-gaap_ProceedsFromSaleOfLoansHeldForSale 7,617,841us-gaap_ProceedsFromSaleOfLoansHeldForSale
Net change in:    
Accrued interest receivable and other assets (160,512)us-gaap_IncreaseDecreaseInOperatingAssets (33,408)us-gaap_IncreaseDecreaseInOperatingAssets
Accrued interest payable and other liabilities (47,290)us-gaap_IncreaseDecreaseInOperatingLiabilities 31,850us-gaap_IncreaseDecreaseInOperatingLiabilities
Net cash from operating activities 439,122us-gaap_NetCashProvidedByUsedInOperatingActivities 953,829us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities    
Sales 661,182us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 0us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Maturities, prepayments and calls 5,222,839us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 7,177,793us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Purchases (7,709,168)us-gaap_PaymentsToAcquireAvailableForSaleSecurities 0us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Loan originations, net 1,601,268us-gaap_ProceedsFromLoanOriginations1 2,051,555us-gaap_ProceedsFromLoanOriginations1
Additions to premises and equipment, net (252,333)us-gaap_PaymentsToAcquireProductiveAssets (55,476)us-gaap_PaymentsToAcquireProductiveAssets
Proceeds from the disposal of equipment 0us-gaap_ProceedsFromSaleOfMachineryAndEquipment 1,000us-gaap_ProceedsFromSaleOfMachineryAndEquipment
Proceeds from the sale of foreclosed assets 783,115us-gaap_ProceedsFromSaleOfForeclosedAssets 760,328us-gaap_ProceedsFromSaleOfForeclosedAssets
Net cash from investing activities 306,903us-gaap_NetCashProvidedByUsedInInvestingActivities 9,935,200us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities    
Net change in deposits (3,832,205)us-gaap_IncreaseDecreaseInDeposits (20,608,034)us-gaap_IncreaseDecreaseInDeposits
Net change in federal funds purchased (sold) and repurchase agreements 2,339,038us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet (1,217,685)us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
Other borrowing activity:    
Repayment of note payable 0us-gaap_ProceedsFromRepaymentsOfNotesPayable (500,000)us-gaap_ProceedsFromRepaymentsOfNotesPayable
Issuance of senior debt 0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt 1,280,000us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt
Net cash (used in) financing activities (1,493,167)us-gaap_NetCashProvidedByUsedInFinancingActivities (21,045,719)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents (747,142)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (10,156,690)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Beginning cash and cash equivalents 17,132,741us-gaap_CashAndCashEquivalentsAtCarryingValue 20,297,115us-gaap_CashAndCashEquivalentsAtCarryingValue
Ending cash and cash equivalents 16,385,599us-gaap_CashAndCashEquivalentsAtCarryingValue 10,140,425us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental cash flows information:    
Cash paid during the period for interest 748,202us-gaap_InterestPaid 864,706us-gaap_InterestPaid
Cash paid during the period for federal income tax 86,000us-gaap_IncomeTaxesPaidNet 0us-gaap_IncomeTaxesPaidNet
Transfers from loans to foreclosed assets 346,837us-gaap_TransferToOtherRealEstate 614,485us-gaap_TransferToOtherRealEstate
Transfers from loans held for sale to portfolio 0us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1 5,881,651us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1
Foreclosed asset sales financed by the Bank $ 49,500cshb_ForeclosedAssetSalesFinancedByBank $ 14,333cshb_ForeclosedAssetSalesFinancedByBank