| Dec'18 | Dec'17 | Dec'16 | Dec'15 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
2,952 | 404 | - | - | |||
Net income | ||||||
- | - | 1,341 | 1,058 | |||
Adjustments to reconcile net income to cash and cash equivalents provided by operating activities: | ||||||
Provision for (recovery of) loan losses | ||||||
406 | 704 | -27 | -270 | |||
Depreciation and amortization of bank premises, equipment and software, and operating lease right-of-use assets | ||||||
461 | 441 | 361 | 385 | |||
Acquired loan accretion | ||||||
6 | 7 | 9 | - | |||
Accretion of loan fair value adjustments related to acquisition | ||||||
- | - | - | 10 | |||
Net amortization of bond premiums/discounts | ||||||
139 | 144 | 128 | 28 | |||
Amortization of long-term subordinated debt issuance costs | ||||||
77 | 71 | 15 | - | |||
Unrealized gain on equity securities | ||||||
-10 | 0 | - | - | |||
Core deposit intangible amortization expense | ||||||
33 | 44 | 56 | 68 | |||
Stock compensation expense | ||||||
1 | 24 | 60 | 147 | |||
Increase in value of bank-owned life insurance | ||||||
196 | 199 | 53 | 50 | |||
Net losses and impairment write-downs on foreclosed assets | ||||||
-334 | -219 | -427 | -435 | |||
Deferred tax provision | ||||||
577 | 1,373 | 843 | 1,144 | |||
Increase in other assets | ||||||
363 | -109 | 11 | 91 | |||
Decrease (increase) in accrued interest receivable | ||||||
181 | 133 | -41 | 125 | |||
Increase in accrued interest payable | ||||||
129 | 5 | 229 | -37 | |||
Increase (decrease) in other liabilities | ||||||
208 | 112 | -77 | -538 | |||
Net cash and cash equivalents provided by operating activities | ||||||
4,581 | 3,311 | 3,269 | - | |||
Cash flows from investing activities | ||||||
Net cash and cash equivalents provided by operating activities | ||||||
- | - | - | 2,144 | |||
Net increase in loans | ||||||
46,242 | 41,198 | 17,032 | 48,673 | |||
Decrease in certificate of deposits with banks | ||||||
- | - | - | 1,498 | |||
Proceeds from sale | ||||||
916 | 523 | 1,165 | 576 | |||
Net purchases of bank premises, equipment and software | ||||||
88 | 519 | 1,039 | -113 | |||
Purchase of Bank owned life insurance | ||||||
0 | 5,500 | - | - | |||
Purchase of Bank owned life insurance | ||||||
- | - | 0 | - | |||
Purchase of available-for-sale securities | ||||||
5,450 | 8,918 | 22,460 | - | |||
Proceeds from maturities, calls and pay-downs of available for sale securities | ||||||
3,497 | 4,166 | 17,406 | 1,747 | |||
Redemptions (purchases) of Federal Home Loan Bank stock | ||||||
-291 | 399 | 126 | -413 | |||
Net cash and cash equivalents used in investing activities | ||||||
-47,076 | -51,845 | -21,284 | - | |||
Cash flows from financing activities | ||||||
Net cash and cash equivalents used in investing activities | ||||||
- | - | - | -44,326 | |||
Increase in deposits | ||||||
54,496 | 21,988 | 33,872 | 47,618 | |||
Increase (decrease) in Federal Home Loan Bank advances | ||||||
-7,500 | 9,500 | 1,100 | -9,000 | |||
Payment of capital lease obligation | ||||||
66 | 61 | 57 | 47 | |||
Issuance of long term debt | ||||||
3,000 | 0 | - | - | |||
Repayment of long term debt | ||||||
3,000 | 0 | - | - | |||
Net proceeds from stock option exercises | ||||||
14 | 14 | - | - | |||
Decrease in federal funds purchased | ||||||
- | - | - | -2,355 | |||
Dividends paid on preferred stock | ||||||
- | - | - | 234 | |||
Net proceeds from the issuance of common stock | ||||||
18,435 | 0 | 3 | 20 | |||
Net cash and cash equivalents provided by financing activities | ||||||
65,379 | 31,441 | 39,351 | 40,712 | |||
Net (decrease) increase in cash and cash equivalents | ||||||
22,884 | -17,093 | 21,336 | -1,470 | |||
Supplemental disclosure of cash flow information | ||||||
Cash paid during the period for taxes | ||||||
876 | 15 | 16 | 1,238 | |||
Cash paid during the period for interest | ||||||
4,495 | 3,474 | 2,644 | - | |||
Cash paid during the period for interest | ||||||
- | - | - | 2,348 | |||
Noncash financing and investing activities | ||||||
Unrealized gain (loss) on investment securities available-for-sale, net of taxes | ||||||
-260 | -356 | 2 | - | |||
Unrealized gain (loss) on investment securities available-for-sale, net of taxes | ||||||
- | - | - | -334 | |||
Transfer of loans to foreclosed assets | ||||||
1,618 | 520 | 609 | 957 | |||