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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Cash Flows from Operating Activities      
Net income $ 2,687 $ 1,543  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of premises and equipment 345 351  
Amortization of core deposit intangibles 131 169  
Amortization of debt issuance costs 4 4  
Origination of loans held for sale (192) (1,428)  
Proceeds from sale of loans held for sale 571 1,798  
Net gains on sales of loans held for sale (9) (33)  
Provision for loan losses 100 0 $ 100
Net gains on sale of other real estate owned (24) 0  
Increase in cash value of bank owned life insurance (91) (85)  
Accretion of discounts and amortization of premiums on securities, net 138 156  
Accretion of premium on time deposits (22) (29)  
Stock-based compensation 70 64  
Excess tax benefits on stock-based compensation (7) (14)  
Deferred income tax expense (benefit) 37 (102)  
Changes in assets and liabilities:      
Decrease (increase) in interest receivable 47 (7)  
Decrease in other assets 1,394 168  
(Decrease) increase in accrued expenses and other liabilities (743) 280  
Net cash provided by operating activities 4,436 2,835  
Cash Flows from Investing Activities      
Proceeds from maturities, calls, and principal payments of securities available for sale 3,052 3,370  
Proceeds from maturities, calls, and principal payments of securities held to maturity 1,368 1,345  
Purchases of securities available for sale (8,676) 0  
Net purchase of restricted securities (20) (22)  
Purchase of premises and equipment (287) (275)  
Proceeds from sale of other real estate owned 350 0  
Proceeds from cash value of bank owned life insurance 347 0  
Net decrease (increase) in loans 1,111 (11,573)  
Net cash used in investing activities (2,755) (7,155)  
Cash Flows from Financing Activities      
Net increase in demand deposits and savings accounts 25,461 10,778  
Net increase (decrease) in time deposits 2,406 (1,550)  
Cash dividends paid on common stock, net of reinvestment (233) (161)  
Repurchase of common stock (24) 0  
Net cash provided by financing activities 27,610 9,067  
Increase in cash and cash equivalents 29,291 4,747  
Cash and Cash Equivalents      
Cash and cash equivalents, beginning of year 39,986 41,092 41,092
Cash and cash equivalents, end of year 69,277 45,839 $ 39,986
Cash payments for:      
Interest 779 576  
Supplemental Disclosures of Noncash Investing and Financing Activities      
Unrealized (losses) gains on securities available for sale (1,091) 577  
Change in pension liability (126) 0  
Issuance of common stock, dividend reinvestment plan $ 15 $ 12