XML 21 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities      
Net Income $ 8,673,210 $ 8,372,697 $ 7,531,625
Adjustments to Reconcile Net Income to Net Cash Provided from Operating Activities      
Depreciation 1,574,249 1,657,229 1,595,253
Amortization and Accretion 1,609,339 1,797,152 1,312,857
Provision for Loan Losses 1,062,000 865,500 1,308,000
Deferred Income Taxes 222,120 625,436 1,932,950
Securities (Gains) Losses (385,223) 11,466 (23,735)
(Gain) Loss on Sale of Premises and Equipment 80,329 11,047 (12,489)
Loss on Sale of Other Real Estate and Repossessions 160,682 600,663 828,411
Provision for Losses on Other Real Estate 501,736 453,148 1,006,827
Increase in Cash Surrender Value of Life Insurance (589,408) (299,010) (590,674)
Change In      
Interest Receivable 176,766 (354,274) 55,786
Prepaid Expenses (372,380) 278,637 (64,633)
Interest Payable (46,284) 32,253 (1,099,756)
Accrued Expenses and Accounts Payable (252,617) (202,343) 197,195
Other 973,972 217,686 788,958
13,388,491 14,067,287 14,766,575
Cash Flows from Investing Activities      
Interest-Bearing Deposits in Other Banks (7,729,560) (17,409,260) 754,252
Purchase of Investment Securities Available for Sale (109,634,793) (102,336,227) (56,201,891)
Proceeds from Sale of Investment Securities Available for Sale 25,209,851 28,273,634 13,620,956
Proceeds from Maturities, Calls and Paydowns of Investment Securities      
Proceeds from Maturities, Calls, and Paydowns of Investment Securities: Available for Sale 54,868,726 51,423,541 36,440,646
Proceeds from Maturities, Calls, and Paydowns of Investment Securities: Held for Maturity 9,734 12,968
Proceeds from Sale of Premises and Equipment 89,551 28,608 14,376
Net Loans to Customers (2,167,126) (21,255,018) (3,156,342)
Purchase of Premises and Equipment (3,259,859) (3,189,969) (1,681,115)
Proceeds from Sale of Other Real Estate and Repossessions 7,529,131 8,154,596 7,233,497
Proceeds from Sale of Federal Home Loan Bank Stock 100,300 333,100
Purchase of Federal Home Loan Bank Stock (279,500)
(35,373,579) (56,200,061) (2,629,553)
Cash Flows from Financing Activities      
Interest-Bearing Customer Deposits 7,629,930 26,704,254 (21,305,068)
Noninterest-Bearing Customer Deposits 25,172,362 5,546,508 13,079,062
Proceeds from Other Borrowed Money 10,000,000 27,000,000
Principal Payments on Other Borrowed Money (4,000,000) (27,000,000)
Dividends Paid on Preferred Stock (1,590,746) (2,487,274) (5,492,749)
Redemption of Preferred Stock (8,661,000) (9,979,000)
28,550,546 19,784,488 (13,718,755)
Net Increase (Decrease) in Cash and Cash Equivalents 6,565,458 (22,348,286) (1,581,733)
Cash and Cash Equivalents, Beginning 22,256,646 44,604,932 46,186,665
Cash and Cash Equivalents, Ending $ 28,822,104 $ 22,256,646 $ 44,604,932