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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net loss $ (424,199) $ (242,810)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for loan losses 70,000 15,137
Loss on sale of other real estate 0 13,880
Amortization of premiums on investments 11,724 44,346
Amortization of core deposit intangible 0 89,039
Depreciation on fixed assets 86,615 73,650
Gain on sale of investment securities 0 (378,248)
Write-down of other real estate owned 13,052 142,506
Net change in fair value of financial instruments 2,579 0
Increase in accrued interest receivable and other assets 71,913 35,488
Decrease in accrued interest payable and other liabilities (64,096) (141,943)
Net cash used in operating activities (232,412) (348,955)
Cash flows from investing activities:    
Purchase of held-to-maturity investment securities 0 (6,972,202)
Proceeds from sale of available-for-sale investment securities 0 7,731,841
Proceeds from maturity and principal reductions of available-for-sale investment securities 156,613 2,904,044
Proceeds from the sale of other real estate owned 0 92,484
Proceeds from sale of loans 1,645,832 0
Net increase in loans (643,154) (792,325)
Purchase of bank premises and equipment (24,965) (164,652)
Net cash provided by investing activities 1,134,326 2,799,190
Cash flows from financing activities:    
Net decrease in deposits (882,133) (3,409,638)
Net cash used in financing activities (882,133) (3,409,638)
Net increase (decrease) in cash and cash equivalents 19,781 (959,403)
Cash and cash equivalents at beginning of period 5,789,778 10,236,199
Cash and cash equivalents at end of period 5,809,559 9,276,796
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 35,320 60,761
Noncash transfer of investment securities from held-to-maturity to available-for sale $ 0 $ 11,895,037