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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 3,006 $ 2,028
Adjustments to reconcile net income to cash used for operating activities:    
Provision for loan losses 625 625
Depreciation and other amortization 315 299
Accretion and amortization of securities discounts and premium, net 120 73
(Gain) loss on sale of investment securities available for sale (307) (259)
(Gain) loss on sale of real estate owned 51 (74)
Write-down of real estate owned 125 737
Compensation expense related to stock options and grants 246 193
Gain on sale of loans held for sale (1,447) (1,163)
Loans originated and held for sale (52,034) (51,110)
Proceeds from sale of loans held for sale 44,183 49,194
Increase in cash surrender value of bank owned life insurance (186) (166)
(Increase) decrease in deferred tax asset 369 (102)
Decrease in other assets, net 62 11
Increase (decrease) in other liabilities 461 (992)
Net cash used for operating activities (4,411) (706)
Increase (decrease) in cash realized from:    
Origination of loans, net (34,519) (38,011)
Purchase of property and equipment $ (854) $ (172)
Purchase of investment securities:    
Available for sale
Other $ (168) $ (124)
Payments and maturities, calls and repayments of investment securities:    
Available for sale $ 3,203 1,010
Other 1,140
Proceeds from sale of investment securities available for sale $ 10,603 5,771
Proceeds from sale of real estate owned 260 74
Net cash used for investing activities (21,475) (30,312)
Increase (decrease) in cash realized from:    
Increase in deposits, net $ 17,508 61,403
Decrease in Federal Home Loan Bank advances and other borrowings (20,000)
Proceeds from the exercise of stock options and warrants $ 285 75
Net cash provided by financing activities 17,793 41,478
Net increase (decrease) in cash and cash equivalents (8,093) 10,460
Cash and cash equivalents at beginning of the period 62,866 41,264
Cash and cash equivalents at end of the period 54,773 51,724
Cash paid for    
Interest 1,767 1,835
Income taxes 1,350 $ 1,200
Schedule of non-cash transactions    
Real estate acquired in settlement of loans 245
Unrealized gain on securities, net of income taxes $ (721) $ (236)