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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities    
Net income (loss) $ (1,616) $ 4,062
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 355 295
Provision for loan losses 250 250
Share-based compensation expense 84 50
Deferred income tax benefit (3,808) (102)
Loans originated for sale (2,243) (2,332)
Proceeds from sale of loans 2,247 2,501
Realized securities (gains) losses, net 58 (393)
Gain on disposal of assets (156) (6)
Write-downs of foreclosed properties 418 109
Amortization of securities premiums, net 959 1,118
Amortization (accretion) related to acquisitions, net (145) 3
Amortization of intangibles 97 50
Decrease in accrued interest receivable 143 315
Increase in cash surrender value of bank owned life insurance (269) (256)
Increase in other assets (580) (727)
Increase in other liabilities 10,947 1,302
Net cash provided by operating activities 6,741 6,239
Cash Flows from Investing Activities    
Proceeds from maturities and calls of securities available for sale 600 55
Proceeds from sales of securities available for sale 3,154 33,787
Principal payments received on securities available for sale 7,686 8,170
Purchases of securities available for sale (27,641) (32,418)
Purchases of other investments (3,944) (5,149)
Proceeds from redemptions of other investments 3,558 3,999
Net loan (orginations) payments 14,671 (16,864)
Purchases of premises and equipment (2,995) (312)
Proceeds from sales of repossessed assets & property held for sale 1,232 1,302
Net cash used in investing activities (3,679) (7,430)
Cash Flows from Financing Activities    
Net increase in demand deposit, NOW and savings accounts 20,636 18,395
Net increase (decrease) in time deposits (14,910) 9,439
Net increase (decrease) in short-term borrowings 4,407 (17,945)
Repayment of long-term borrowings (455) (478)
Net proceeds from issuance of common stock 35 20
Proceeds from Stock Options Exercised 12 0
Dividends paid on common stock (1,182) (1,067)
Net cash provided by financing activities 8,543 8,364
Increase in cash and cash equivalents 11,605 7,173
Cash and cash equivalents:    
Beginning 46,616 [1] 9,487
Ending 58,221 16,660
Cash payments for:    
Interest 4,047 3,434
Income taxes 355 0
Supplemental Disclosures of Noncash Investing and Financing Activities    
Real property and other assets acquired in settlement of loans $ 113 $ 0
[1] December 31, 2016 financial information has been extracted from audited consolidated financial statements