| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||
Net Income | |||||||||
5,605 | 5,302 | 2,922 | 3,286 | 3,692 | 3,413 | 3,060 | 2,132 | 600 | 1,820 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
1,666 | 930 | 811 | 767 | 767 | 756 | 720 | - | - | - |
Stock based compensation expense | |||||||||
106 | - | - | - | - | - | - | - | - | 2 |
Depreciation | |||||||||
- | - | - | - | - | - | - | 681 | 715 | 813 |
Net amortization and accretion of premiums and discounts on securities | |||||||||
-398 | -413 | -386 | -276 | -110 | -237 | -338 | -547 | -604 | -514 |
(Gain) on sales of available-for-sale securities | |||||||||
394 | - | 113 | 487 | 49 | 143 | 456 | 674 | 1,182 | 358 |
(Gain) on call of held-to-maturity securities | |||||||||
- | - | - | 7 | - | - | - | - | - | - |
(Gain) on sales of loans held for sale | |||||||||
4,254 | 2,918 | 2,434 | 2,433 | 2,278 | - | - | - | - | - |
Proceeds from sales of loans held for sale | |||||||||
165,097 | 119,205 | 93,163 | 85,307 | 79,893 | -1,716 | - | - | - | - |
(Decrease) increase in other liabilities | |||||||||
- | - | - | - | - | 177 | 485 | - | - | 318 |
Proceeds from sales of loans held for sale | |||||||||
- | - | - | - | - | 65,152 | - | - | - | - |
Origination of loans held for sale | |||||||||
163,394 | 115,331 | 89,522 | 84,743 | 78,549 | 62,545 | - | - | - | - |
Provision for loan losses | |||||||||
523 | 716 | 993 | 1,612 | 282 | 55 | 540 | 2,289 | 4,807 | 2,783 |
(Gain) loss on sale of other real estate owned | |||||||||
-19 | -39 | -1 | 1 | -6 | -21 | -13 | -77 | -487 | -53 |
Amortization of tax credit investment | |||||||||
- | - | - | - | 114 | 247 | 247 | 247 | 247 | 196 |
Impairment of other real estate owned | |||||||||
287 | 185 | - | - | - | - | - | - | - | 132 |
Benefit for deferred income taxes | |||||||||
-17 | -132 | 764 | -455 | -74 | 362 | 278 | -312 | 195 | -79 |
(Increase) in loans held-for-sale | |||||||||
- | - | - | - | - | - | 1,017 | 470 | 434 | - |
Bank owned life insurance income | |||||||||
679 | 341 | 345 | 292 | 269 | 282 | 299 | 323 | 249 | - |
Loss on disposition of equipment | |||||||||
- | - | - | - | - | - | -2 | - | - | - |
(Increase) in interest receivable | |||||||||
124 | 29 | 335 | 130 | 2 | -114 | -197 | -26 | 114 | -710 |
Decrease (increase) in other assets | |||||||||
805 | 258 | 3 | 167 | 154 | -114 | -144 | -393 | -1,122 | -573 |
Decrease in income taxes receivable | |||||||||
-1,226 | -264 | 152 | 118 | 151 | 497 | -176 | -51 | 374 | -323 |
Increase in interest payable | |||||||||
46 | 16 | 23 | 27 | 3 | -7 | -5 | -41 | -10 | -79 |
(Decrease) in other liabilities | |||||||||
286 | 512 | 498 | 298 | -69 | - | - | -224 | 315 | - |
Valuation Adjustment on other real estate owned | |||||||||
- | - | 60 | 45 | 75 | 167 | 368 | 650 | 395 | - |
Net cash provided by operating activities | |||||||||
5,592 | 8,573 | 6,717 | 2,785 | - | - | - | - | 7,124 | 7,721 |
Net cash provided by operating activities | |||||||||
- | - | - | - | 3,347 | 5,625 | 4,791 | 5,049 | - | - |
Cash flows from investing activities | |||||||||
Purchases of securities held-to-maturity | |||||||||
- | - | 2,437 | 1,290 | - | - | 485 | - | 1,000 | - |
Proceeds from calls of securities held-to-maturity | |||||||||
- | 2,000 | - | 500 | - | 1,000 | - | 5,000 | 7,000 | 1,000 |
Purchases of securities available-for-sale | |||||||||
16,991 | 998 | 27,395 | 40,464 | 27,019 | 3,140 | 30,367 | 44,343 | 72,827 | 45,659 |
Proceeds from maturities, calls and paydowns of securities available-for-sale | |||||||||
3,171 | 2,204 | 3,233 | 9,744 | 1,622 | 120 | 2,316 | 18,849 | 20,114 | 8,464 |
Proceeds from sale of securities available-for-sale | |||||||||
9,733 | - | 9,940 | 24,637 | 13,440 | 27,708 | 27,867 | 24,665 | 44,671 | 43,657 |
Purchase of bank owned life insurance | |||||||||
- | - | - | 2,600 | - | - | - | - | 3,000 | - |
Purchase of Federal Reserve Bank stock | |||||||||
- | - | 90 | - | - | - | - | - | - | - |
(Purchase) redemption of Federal Home Loan Bank stock | |||||||||
44 | -43 | 42 | 60 | -426 | 311 | -110 | -439 | -203 | - |
Proceeds from sale of other real estate owned | |||||||||
570 | 846 | 514 | 21 | 360 | 474 | 716 | 1,283 | 2,663 | 612 |
Origination of loans, net of principal collected | |||||||||
- | - | - | - | - | 54,801 | - | - | - | - |
Improvements to other real estate owned | |||||||||
- | - | 40 | - | 25 | - | - | - | - | - |
Improvements to other real estate owned | |||||||||
- | - | - | - | - | - | - | -5 | -20 | -31 |
Origination of loans, net of principal collected | |||||||||
44,566 | 40,560 | 18,824 | 35,990 | 37,579 | - | - | - | - | - |
Capital improvements to other real estate owned | |||||||||
- | - | 40 | - | - | - | - | - | - | - |
Purchases of loans, net of principle collected | |||||||||
- | - | 9,653 | - | - | - | - | - | - | - |
Origination of loans, net of principal collected | |||||||||
- | - | - | - | - | - | -21,048 | -4,321 | -6,618 | - |
Proceeds from sale of other assets | |||||||||
- | - | - | - | - | - | 15 | - | - | - |
Recoveries of loans charged off | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Proceeds from sale of restricted stock | |||||||||
- | - | - | - | - | - | - | - | - | 135 |
Origination of loans, net of principal collected | |||||||||
- | - | - | - | - | - | - | - | - | 7,555 |
Purchases of premises and equipment | |||||||||
4,398 | 2,301 | 1,919 | 1,707 | 1,512 | 1,342 | 821 | 414 | 694 | 266 |
Net cash provided by (used in) investing activities | |||||||||
-52,525 | -38,766 | -46,713 | -47,209 | - | - | - | - | -9,508 | 357 |
Net cash (used in) investing activities | |||||||||
- | - | - | - | -50,287 | -30,292 | -21,697 | 1,153 | - | - |
Cash flows from financing activities | |||||||||
Net increase in deposits | |||||||||
37,416 | 44,550 | 44,381 | 55,502 | 68,113 | 12,099 | -11,617 | 24,781 | 5,844 | -7,382 |
Principal payments on finance lease obligations | |||||||||
156 | - | - | - | - | - | - | - | - | - |
Repurchases of common stock | |||||||||
315 | - | - | - | - | - | - | - | - | - |
Net increase in repurchase agreements | |||||||||
- | - | - | - | - | - | - | -8,379 | 1,049 | -3,380 |
Net (decrease) in federal funds purchased | |||||||||
- | - | - | - | 3,189 | 919 | -4,108 | - | - | - |
Proceeds from Federal Home Loan Bank advances | |||||||||
- | - | - | - | -12,000 | 10,000 | - | - | - | - |
Net (decrease) in Federal Home Loan Bank advances | |||||||||
- | - | - | - | - | - | - | - | - | 10,000 |
Dividends paid to common stockholders | |||||||||
1,226 | 1,050 | 1,050 | 1,050 | 803 | 506 | - | - | - | - |
Proceeds from sale of 1,000,000 shares of common equity | |||||||||
- | - | - | - | 10,653 | - | - | - | - | - |
Retirement of capital notes | |||||||||
- | - | - | 10,000 | - | - | - | - | - | - |
Proceeds from sale of 4% capital notes due 1/24/2022 | |||||||||
- | - | 5,000 | - | - | - | - | - | - | - |
Net (decrease) in Federal Home Loan Bank advances | |||||||||
- | - | - | - | - | - | - | -8,000 | - | - |
Payoff of 6% senior capital notes due 4/1/2012 | |||||||||
- | - | - | - | - | - | - | 7,000 | - | - |
Proceeds from issuance of 6% senior capital notes due 4/1/2017 | |||||||||
- | - | - | - | - | - | - | 10,000 | - | - |
Proceeds from exercise of stock options | |||||||||
- | - | - | - | 78 | 65 | 88 | 54 | 72 | 138 |
Net cash provided by financing activities | |||||||||
- | - | - | - | 62,852 | 20,739 | -7,421 | 11,456 | - | - |
Net cash provided by financing activities | |||||||||
35,719 | 43,500 | 48,331 | 44,452 | - | - | - | - | 6,965 | -20,624 |
Increase (decrease) in cash and cash equivalents | |||||||||
-11,214 | 13,307 | - | - | - | - | - | - | - | - |
Increase in cash and cash equivalents | |||||||||
- | - | 8,335 | 28 | 15,912 | -3,928 | -24,327 | 17,658 | 4,581 | -12,546 |
Non cash transactions | |||||||||
Transfer of loans to other real estate owned | |||||||||
785 | 850 | 815 | 470 | 1,425 | 473 | 860 | - | - | - |
Fair value adjustment for securities available-for-sale | |||||||||
2,833 | -979 | 564 | -1,531 | -304 | - | - | - | - | - |
Lease liabilities arising from right-of-use assets | |||||||||
6,373 | - | - | - | - | - | - | - | - | - |
Loans made to finance the sale of other real estate owned | |||||||||
- | - | - | - | - | 306 | 424 | - | - | - |
Transfer of loans to foreclosed assets | |||||||||
- | - | - | - | - | - | - | 2,070 | 4,619 | 2,509 |
Portion of foreclosed assets financed | |||||||||
- | - | - | - | - | - | - | - | -1,281 | - |
Transfer of premises and equipment to foreclosed assets | |||||||||
- | - | - | - | - | - | - | - | - | 1,031 |
Fair value adjustment for securities | |||||||||
- | - | - | - | - | 3,077 | -4,528 | - | 968 | -288 |
Portion of foreclosed assets financed | |||||||||
- | - | - | - | - | - | - | 1,206 | - | - |
Fair value adjustment for securities | |||||||||
- | - | - | - | - | - | - | -942 | - | - |
Cash transactions | |||||||||
Cash paid for interest | |||||||||
5,218 | 3,779 | 2,970 | 2,317 | - | - | - | - | - | - |
Cash paid for interest | |||||||||
- | - | - | - | 2,688 | 2,332 | 2,444 | 3,057 | 4,202 | 6,467 |
Cash paid for income taxes | |||||||||
120 | 1,275 | 1,825 | 2,100 | 1,875 | 1,425 | 1,275 | 800 | 712 | 1,045 |