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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net income $ 2,243 $ 1,777
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 92 50
Depreciation and amortization 254 267
Net premium amortization on investment securities 733 901
Deferred income tax expense 62 0
Gains on sales of mortgage loans (40) (29)
Proceeds from sales of mortgage loans originated for resale 1,250 1,794
Originations of mortgage loans originated for resale (964) (1,642)
Net securities (gains) losses (103) 17
Net losses on sales of foreclosed real estate held for resale, including write-downs 20 31
Decrease in accrued interest receivable 367 385
Earnings on investment in bank owned life insurance (155) (143)
Net losses on disposals of premises and equipment 4 0
Increase in other assets (1,860) (416)
Amortization of investment in real estate ventures 88 255
Increase in accrued interest payable 58 59
Increase in other liabilities 1,198 36
NET CASH PROVIDED BY OPERATING ACTIVITIES 3,247 3,342
INVESTING ACTIVITIES    
Proceeds from sales of debt securities available-for-sale 32,374 14,038
Proceeds from maturities and redemptions of debt securities available-for-sale 4,520 4,999
Purchases of debt securities available-for-sale 0 (19,154)
Net change in restricted investment in bank stocks 1,173 (1,387)
Net increase in loans (11,891) (14,197)
Purchases of premises and equipment (234) (35)
Proceeds from sales of foreclosed assets held for resale 197 15
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 26,139 (15,721)
FINANCING ACTIVITIES    
Net increase (decrease) in deposits 25,867 (29,300)
Net (decrease) increase in short-term borrowings (42,966) 54,495
Repayment of long-term borrowings (10,000) (10,000)
Common stock issued 278 0
Dividends paid (1,557) (1,254)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (28,378) 13,941
INCREASE IN CASH AND CASH EQUIVALENTS 1,008 1,562
CASH AND CASH EQUIVALENTS, BEGINNING 10,950 8,739
CASH AND CASH EQUIVALENTS, ENDING 11,958 10,301
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 2,635 1,722
Income taxes paid 62 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Loans transferred to foreclosed assets held for resale $ 0 $ 90