XML 20 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Consolidated Statements Of Cash Flows [Abstract]    
Net income $ 1,243 $ 1,048
Adjustments to reconcile net loss to net cash from operating activities:    
Provision for loan and lease losses 230 200
Depreciation 159 157
Amortization, net (54) 36
Net loss on sales of securities   12
Originations of loans held for sale (16,137) (40,032)
Proceeds from sale of loans held for sale 14,657 44,054
Net gains on sales of loans (97) (357)
Gain on sale of foreclosed assets (4)  
Earnings on bank owned life insurance (99) (98)
Stock-based compensation expense 92 102
Change in deferred income taxes (29)  
Net change in:    
Accrued interest receivable and other assets 1,501 665
Accrued interest payable and other liabilities 212 (171)
Net cash from operating activities 1,674 5,616
Cash flows from investing activities    
Net increase in interest-bearing deposits in other financial institutions (100)  
Available-for-sale securities:    
Maturities, prepayments and calls 206 3,403
Purchases   (4,573)
Loan and lease originations and payments, net (32,130) (31,440)
Proceeds from the sale of loans 1,124 4,099
Additions to premises and equipment (44) (38)
Proceeds from the sale of foreclosed assets 200  
Net cash used by investing activities (30,744) (28,549)
Cash flows from financing activities    
Net change in deposits 55,376 15,479
Proceeds from FHLB advances 37,600 2,500
Repayments on FHLB advances (36,600) (2,500)
Net change in advances by borrowers for taxes and insurance (307) (90)
Cash dividends paid on Series B preferred stock (562) (562)
Purchase of treasury shares (30)  
Net cash from financing activities 55,477 14,827
Net change in cash and cash equivalents 26,407 (8,106)
Beginning cash and cash equivalents 25,895 28,207
Ending cash and cash equivalents 52,302 20,101
Supplemental cash flow information:    
Interest paid 2,205 1,926
Supplemental noncash disclosures:    
Loans issued to finance the sale of repossessed assets 1,440  
Loans transferred from held for sale to portfolio   834
Loans transferred from portfolio to held for sale   1,561
Dividends payable on Series B preferred stock $ 187 $ 187