XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract]    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 5,019 $ 4,452
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 305 264
Stock compensation expense 32 44
Provision (credit) for loan and lease losses 354 409
(Credit) provision for credit losses on off-balance sheet credit exposures (73) (171)
Impairment charge for OREO 192 89
Net amortization of AFS investment securities 697 728
Net accretion of net deferred fees on loans (363) (288)
Net gains on sales of premises and equipment (73) 0
Gains on sales of loans and leases 21 0
Net gains on sales of OREO (400) (50)
Net gains on sales of investment securities (276) (1,102)
Income from company owned life insurance (409) (655)
Other-than-temporary impairment on AFS investment securities 0 146
Changes in assets and liabilities:    
Decrease in accrued interest receivable 691 84
Increase in other assets 42 (528)
Increase in accrued interest payable 1,219 1,054
Increase in other liabilities (1,204) 511
Net cash provided by operating activities 5,774 4,987
Cash flows from investing activities:    
Proceeds from maturities, calls and paydowns of AFS investment securities 16,677 28,462
Proceeds from sales of AFS investment securities 19,492 10,705
Purchase of AFS investment securities (1,179) (14,779)
(Purchase) redemption of Federal Home Loan Bank stock 940 (233)
Proceeds from sales of loans and leases 5,153 0
Net increase in loans (9,052) (48,240)
Additions to OREO (35) (157)
Proceeds from Sale of Property, Plant, and Equipment 297 0
Purchase of premises and equipment (4) (651)
Proceeds from sales of OREO 1,891 799
Net proceeds from life insurance policies 281 0
Net cash provided by investing activities 34,461 (24,094)
Cash flows from financing activities:    
Net (decrease) increase in demand and NOW accounts 3,520 4,194
Net increase in money market and savings accounts (11,221) 15,501
Net increase (decrease) in certificates of deposit 976 1,657
Net increase in short-term borrowings 2,000 15,000
Repayments of long-term borrowings (25,000) (10,226)
Distributions to noncontrolling interest (168) (103)
Issuance of Treasury Stock 97 38
Repurchase of preferred stock 0 (5,800)
Proceeds from stock options exercised 42 29
Net cash used in financing activities (29,754) 20,290
Net increase (decrease) in cash and cash equivalents 10,481 1,183
Cash and cash equivalents at the beginning of the period 21,230 25,420
Cash and cash equivalents at the end of the period 31,711 26,603
Supplemental Disclosure    
Income Taxes Paid 52 60
Interest paid 2,684 2,433
Transfers from loans to OREO $ 44 $ 454