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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
OPERATING ACTIVITIES:          
Net income $ 420 $ 376 $ 1,196 $ 1,265  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for loan losses 75   200  
Depreciation     412 $ 408  
Amortization and accretion, net     706 717  
Provision for deferred income tax     345 $ 109  
Gains on sale of assets and investments, net     (421)  
Restricted stock based compensation plan     87 $ 73  
Decrease in carrying value of other real estate owned     153 309 $ 526
Net (gain) loss on sale of other real estate owned     (23) $ 87  
Bank owned life insurance income     (171)  
Change in other assets     (125) $ (431)  
Change in accrued expenses and other liabilities     (167) 180  
Net cash provided by operating activities     2,192 $ 2,717  
INVESTING ACTIVITIES:          
Proceeds from calls of investment securities held to maturity     240  
Proceeds from sales, maturities, and paydowns of investment securities available for sale     36,479 $ 17,501  
Purchases of investment securities available for sale     (27,178) $ (4,900)  
Net change in other investments     (7)  
Net change in loans receivable     3,980 $ (2,725)  
Proceeds from the sale of other real estate owned     789 $ 3,178  
Redemption of bank owned life insurance     2,232  
Purchase of bank owned life insurance     (2,000)  
Purchases of premises and equipment, net     (259) $ (57)  
Net cash provided by investing activities     14,276 12,997  
FINANCING ACTIVITIES:          
Net change in deposits     (15,468) 10,979  
Net change in advances from Federal Home Loan Bank     (14) $ (14)  
Restricted stock remitted by employees for taxes     (5)  
Dividends paid - preferred     (178) $ (178)  
Dividends paid - common     (173) (172)  
Net cash provided by financing activities     (15,838) 10,615  
Net change in cash and cash equivalents     630 26,329  
Cash and cash equivalents, beginning of period     48,411 29,167 29,167
Cash and cash equivalents at end of period $ 49,041 $ 55,496 49,041 55,496 $ 48,411
Supplemental disclosures of cash paid during the period for:          
Interest     536 $ 668  
Income taxes     20  
Supplemental disclosures of noncash transactions:          
Real estate acquired through foreclosure     143 $ 771  
Change in unrealized gain (loss) on investment securities available for sale, net of taxes     $ 93 $ 1,280