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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net income $ 347 $ 1,047
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 50
Depreciation and amortization $ 420 354
Gains on dispositions of repossessed asset (515)
Amortization of discounts/premiums on investment securities available-for-sale, net $ 416 684
Deferred income tax provision 90 172
Net gains on sales of investment securities available-for-sale (29) (14)
Increase in cash surrender value of bank-owned life insurance (233) (205)
Gains at foreclosure (13) (51)
Net gains on sale of OREO $ (84) (61)
Contribution of OREO 6
Writedown of OREO $ 545 235
Net changes in:    
Accrued interest receivable and other assets (2) 278
Other liabilities 1,041 (402)
Net cash provided by operating activities 2,498 1,578
Activity in available for sale securities:    
Sales 19,860 1,470
Maturities and calls 28,660 10,965
Principal collections 8,215 13,417
Purchases (67,883) (29,683)
Purchases of interest bearing time deposits $ (4,195) (2,470)
FHLB stock purchases (263)
FHLB stock redemptions $ 3 351
Net decrease in loans 8,876 13,390
Purchases of bank premises and equipment $ (539) (281)
Disposal of bank premises and equipment 7
Proceeds from death benefit of bank-owned life insurance policies 201
Purchase of bank-owned life insurance policy $ (300) (1,500)
Proceeds from dispositions of repossessed asset 1,107
Proceeds from sales of OREO $ 1,215 725
Net cash provided by (used in) investing activities (6,088) 7,436
Cash flows from financing activities:    
Net decrease in deposits (1,160) (4,067)
Proceeds from other borrowings 357 146
Repayments of other borrowings (203) (209)
Cash dividends (235) (363)
Net cash used in financing activities (1,241) (4,493)
Net increase (decrease) in cash and cash equivalents (4,831) 4,521
Cash and cash equivalents as of the beginning of the period 33,104 28,583
Cash and cash equivalents as of the end of the period 28,273 33,104
Cash paid during period for:    
Interest $ 698 698
Income Taxes 386
Noncash Transactions:    
Loans transferred to OREO $ 1,358 891
Net unrealized gains (losses) on investment securities available-for-sale, net of deferred income tax $ (333) 387
Loans transferred to foreclosed assets 3
Accretion of Series B preferred stock issuance costs $ 2 2
Adjustments related to defined benefit plans, net of deferred income tax expense $ (133) $ (630)