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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net income $ 2,286 $ 2,176
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 83 283
Depreciation and amortization 283 299
Net premium amortization on investment securities 1,186 977
Gains on sales of mortgage loans (36) (102)
Proceeds from sales of mortgage loans originated for resale 1,216 2,977
Originations of mortgage loans originated for resale (1,637) (3,224)
Gains on sales of investment securities (303) (14)
Gains on sales of foreclosed real estate held for resale, including write-downs 0 (4)
Decrease in accrued interest receivable 30 132
Earnings on investment in bank owned life insurance (158) (164)
Increase in other assets (471) (348)
Amortization of investment in real estate ventures 40 44
Increase in accrued interest payable 28 52
(Decrease) increase in other liabilities (502) 207
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,045 3,291
INVESTING ACTIVITIES    
Proceeds from sales of investment securities available-for-sale 24,493 7,034
Proceeds from maturities and redemptions of investment securities available-for-sale 4,601 2,155
Purchases of investment securities available-for-sale (38,662) 0
Proceeds from maturities and redemptions of investment securities held-to-maturity 1 3
Net change in restricted investment in bank stocks (465) 322
Net increase in loans (2,123) (2,947)
Purchases of premises and equipment (26) (30)
Purchase of investment in real estate venture (167) 0
Proceeds from sales of foreclosed assets held for resale 152 230
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (12,196) 6,767
FINANCING ACTIVITIES    
Net increase in deposits 6,604 5,301
Net increase (decrease) in short-term borrowings 5,635 (14,790)
Proceeds from long-term borrowings 0 5,000
Repayment of long-term borrowings (31) (5,028)
Common stock issued 301 297
Dividends paid (1,532) (1,517)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 10,977 (10,737)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 826 (679)
CASH AND CASH EQUIVALENTS, BEGINNING 9,128 9,008
CASH AND CASH EQUIVALENTS, ENDING 9,954 8,329
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 1,391 1,258
Income taxes paid 650 1,180
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Purchased securities settling after quarter end 4,478 0
Loans transferred to foreclosed assets held for resale 15 57
Loans transferred from held for sale portfolio 0 (171)
Common stock subscription receivable $ 0 $ 25