| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
710 | 1,073 | 360 | 5,295 | 320 | ||
Less: Net loss from discontinued operations | ||||||
-1,255 | -801 | - | - | - | ||
Net income from continuing operations | ||||||
1,966 | 1,875 | - | - | - | ||
Adjustments to reconcile net income to net cash from operating activities: | ||||||
Depreciation and amortization | ||||||
611 | 702 | - | - | - | ||
Depreciation and amortization | ||||||
- | - | 677 | 606 | 630 | ||
Stock dividends on financial institution stock | ||||||
106 | 84 | 53 | 21 | 7 | ||
Loss on sale and impairments of other real estate | ||||||
- | - | - | -89 | -517 | ||
Amortization of premiums and discounts on securities, net | ||||||
-122 | -250 | -413 | -554 | -612 | ||
Amortization of equity awards | ||||||
99 | 89 | - | - | - | ||
Amortization of ESOP awards | ||||||
- | - | 78 | 48 | 54 | ||
Stock-based compensation expense | ||||||
291 | 393 | 24 | 0 | - | ||
Amortization of core deposit intangible | ||||||
39 | 48 | 62 | 79 | 102 | ||
Loss on sale of available-for-sale securities | ||||||
- | - | -176 | 0 | 6 | ||
Gain on sale of loans | ||||||
272 | 129 | 11,450 | 10,687 | 4,847 | ||
Proceeds from sale of loans | ||||||
3,714 | 1,703 | 276,322 | 280,672 | 153,629 | ||
Funding of loans held for sale | ||||||
- | - | 254,247 | 267,072 | 145,588 | ||
Provision for loan losses | ||||||
22 | 318 | 575 | 1,019 | - | ||
Net appreciation on bank-owned life insurance | ||||||
277 | 282 | 154 | 126 | - | ||
Provision for loan losses | ||||||
- | - | - | - | 694 | ||
Net increase in bank-owned life insurance | ||||||
277 | 282 | 154 | 126 | - | ||
Earnings on bank-owned life insurance | ||||||
- | - | - | - | 131 | ||
Deferred income tax expense | ||||||
-48 | 36 | -2,191 | 4,228 | 0 | ||
Changes in operating assets and liabilities: | ||||||
Accrued interest receivable | ||||||
86 | 36 | 48 | 91 | 43 | ||
Income taxes receivable | ||||||
- | - | - | 41 | 0 | ||
Prepaid and other assets | ||||||
79 | -325 | 638 | -204 | 347 | ||
Accrued interest and other liabilities | ||||||
267 | -154 | 1,138 | 615 | -544 | ||
Other | ||||||
- | - | - | - | 40 | ||
Net cash from operating activities - continuing operations | ||||||
6,361 | 4,985 | - | - | 5,084 | ||
Net cash from operating activities - discontinued operations | ||||||
25,628 | -12,222 | - | - | - | ||
Net cash from operating activities | ||||||
31,989 | -7,237 | 15,425 | 6,920 | - | ||
Cash flows from investing activities | ||||||
Proceeds from principal payments on available-for-sale securities | ||||||
5,940 | 6,014 | -5,823 | -6,711 | 6,656 | ||
Proceeds from sales of available-for-sale securities | ||||||
- | - | 6,933 | 0 | 2,799 | ||
Purchases of available-for-sale securities | ||||||
16,207 | 15,517 | 6,102 | 10,370 | 9,742 | ||
Purchase of bank-owned life insurance | ||||||
- | 155 | 4,500 | 0 | - | ||
Net change in loans held for investment | ||||||
12,413 | 26,826 | 28,897 | 55,956 | 24,038 | ||
Proceeds from disposals of premises and equipment | ||||||
33 | - | - | - | - | ||
Purchases of premises and equipment | ||||||
20 | 197 | 684 | 919 | 417 | ||
Purchase of stock in financial institutions | ||||||
- | - | 197 | 2,007 | -366 | ||
Net proceeds from sales of other real estate | ||||||
- | - | - | 411 | 24 | ||
Net cash from investing activities | ||||||
-22,666 | -36,681 | -27,625 | -62,129 | - | ||
Cash flows from financing activities | ||||||
Net cash used for investing activities | ||||||
- | - | - | - | -24,351 | ||
Net change in deposits | ||||||
38,657 | 29,677 | 11,039 | -1,178 | 23,761 | ||
Net change in escrows | ||||||
-123 | 81 | -18 | 37 | 6 | ||
Proceeds from Federal Home Loan Bank advances | ||||||
30,000 | 132,000 | 160,000 | - | - | ||
Repayments of Federal Home Loan Bank advances | ||||||
57,000 | 110,000 | 165,000 | - | - | ||
Issuance of common stock | ||||||
- | - | - | 15,936 | 0 | ||
Common stock repurchases | ||||||
2,732 | 1,926 | 414 | 0 | - | ||
Net change in Federal Home Loan Bank advances | ||||||
- | - | - | -37,000 | -500 | ||
Exercise of stock options | ||||||
70 | 149 | 55 | - | - | ||
Dividends paid | ||||||
481 | 4,161 | - | - | - | ||
Net cash from financing activities | ||||||
8,389 | 45,820 | 5,661 | 51,795 | - | ||
Net cash provided by financing activities | ||||||
- | - | - | - | 24,267 | ||
Net change in cash and cash equivalents | ||||||
17,712 | 1,901 | -6,538 | -3,413 | 5,000 | ||
Supplemental disclosures: | ||||||
Interest on deposits and advances paid | ||||||
4,802 | 3,470 | 2,264 | 1,684 | - | ||
Interest on deposits and advances paid | ||||||
- | - | - | - | 1,426 | ||
Income taxes paid | ||||||
19 | 352 | 88 | 98 | 20 | ||
Loans transferred to loans held for sale | ||||||
3,423 | 2,037 | - | - | - | ||
Transfers of loans to other real estate | ||||||
- | - | - | 195 | 28 | ||
Sale of treasury shares to ESOP | ||||||
- | - | - | - | 0 | ||