| 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 | |||||||||
10,338 | 9,266 | 7,452 | 6,877 | 5,211 | 5,607 | 5,087 | 3,935 | 3,985 | 3,878 |
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities: | |||||||||
Amortization of premiums and accretion of discounts on securities, net | |||||||||
-1,764 | -1,689 | -1,731 | -1,268 | -693 | -699 | -903 | -956 | -935 | -908 |
Depreciation and amortization expense | |||||||||
1,070 | 1,215 | 1,226 | 1,187 | 756 | 698 | 707 | 758 | 916 | 899 |
Deferred income taxes | |||||||||
482 | -395 | 348 | 220 | 672 | 285 | 200 | -478 | 273 | 149 |
Stock compensation expense | |||||||||
288 | 192 | 88 | 82 | 71 | - | - | - | - | - |
Increase in cash value of life insurance | |||||||||
211 | 227 | 197 | 184 | 135 | 150 | 160 | 181 | 202 | 217 |
Loss on sale of securities and time deposits | |||||||||
- | 94 | 18 | - | 110 | 129 | 0 | - | - | - |
Gain on sale of securities | |||||||||
- | - | - | - | 0 | 54 | 29 | - | - | - |
Provision for loan losses | |||||||||
1,425 | 1,168 | 915 | 645 | 50 | 190 | 725 | 1,525 | 1,825 | 2,037 |
Proceeds from sales of loans | |||||||||
70,619 | 55,189 | 66,674 | 51,343 | 31,442 | 29,814 | 39,572 | - | - | - |
Loans originated for sale | |||||||||
70,755 | 54,308 | 63,412 | 51,590 | 32,073 | 29,098 | 36,732 | - | - | - |
Gain on sale of securities | |||||||||
- | - | - | - | - | - | - | 11 | -8 | 0 |
Other than temporary impairment loss on securities | |||||||||
- | - | - | - | - | - | - | - | 36 | 0 |
Proceeds from sale of mortgage loans | |||||||||
- | - | - | - | - | - | - | 43,051 | 33,781 | 40,962 |
Mortgage loans originated for sale | |||||||||
- | - | - | - | - | - | - | 42,706 | 31,625 | 43,135 |
Gain on sale of loans | |||||||||
1,191 | 1,100 | 1,385 | 1,179 | 843 | 713 | 842 | 1,045 | 690 | 739 |
Amortization of tax credit investment | |||||||||
361 | 329 | - | - | - | - | - | - | - | - |
Unrealized (gain) loss on equity securities | |||||||||
-147 | -95 | 54 | 176 | - | - | - | - | - | - |
Net realized and unrealized loss on foreclosed real estate | |||||||||
-170 | -442 | -260 | -50 | -115 | 39 | - | - | - | - |
Net gain on sale of premises and equipment | |||||||||
- | - | 1 | -11 | -61 | - | - | - | - | - |
Net gain on sale of cost method equity investment | |||||||||
- | - | - | 145 | 0 | - | - | - | - | - |
(Increase) decrease in accrued interest receivable | |||||||||
248 | 134 | 331 | 119 | -467 | -136 | -41 | -44 | -93 | -160 |
Increase in accrued interest payable | |||||||||
60 | 43 | -26 | -34 | -367 | -65 | -98 | -123 | -236 | -331 |
Net change in other assets/liabilities | |||||||||
210 | 499 | -149 | 16 | 4 | 272 | -449 | -1,633 | -193 | -1,036 |
Net Cash Provided By Operating Activities | |||||||||
- | - | - | - | - | 6,909 | 9,823 | - | - | - |
Net Cash Provided By Operating Activities | |||||||||
14,077 | 13,348 | 13,419 | 8,240 | 6,006 | - | - | 7,358 | 9,292 | 5,607 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Proceeds from maturities of interest-bearing time deposits | |||||||||
- | - | - | - | - | -975 | 0 | - | - | - |
Proceeds from sales of interest-bearing time deposits | |||||||||
1,207 | 1,548 | 5,477 | 1,920 | -3,405 | -4,820 | -3,025 | -1,400 | - | - |
Purchase of securities available for sale | |||||||||
69,260 | 37,350 | 48,890 | 184,752 | 34,028 | 27,644 | 25,884 | 64,341 | 43,486 | 57,770 |
Proceeds from maturities of securities available for sale | |||||||||
30,575 | 3,325 | 5,515 | - | - | - | - | - | - | - |
Proceeds from maturities of securities available for sale | |||||||||
- | - | - | 85,806 | 17,430 | 21,442 | 22,190 | 33,496 | 22,660 | 36,866 |
Proceeds from maturities of securities held to maturity | |||||||||
- | - | - | - | - | - | - | - | 14 | 21 |
Proceeds from sales of securities available for sale | |||||||||
21,725 | 14,345 | 1,644 | 4,583 | 45,444 | 5,669 | 517 | 3,536 | 1,399 | 0 |
Principal collected on mortgage-backed obligations | |||||||||
29,679 | 25,338 | 25,559 | 19,765 | 13,457 | 10,824 | 12,691 | 14,978 | 9,776 | 12,711 |
Impairment loss on tax credit investment | |||||||||
- | 270 | - | - | - | - | - | - | - | - |
Net (increase) decrease in loans receivable | |||||||||
32 | -207 | - | - | - | - | - | - | - | - |
Investment in tax credit entity | |||||||||
- | 1,000 | - | - | - | - | - | - | - | - |
Net increase in loans receivable | |||||||||
33,973 | 25,906 | 29,946 | 23,689 | 3,694 | 12,363 | 9,346 | 6,560 | -15,793 | -13,221 |
Investment in tax credit entities | |||||||||
1,203 | 1,095 | - | - | - | - | - | - | - | - |
Proceeds from redemption of Federal Home Loan Bank stock | |||||||||
- | - | - | - | 1,886 | 579 | 0 | - | - | - |
Purchase of Federal Home Loan Bank stock | |||||||||
- | 9 | 329 | - | 0 | - | - | - | - | - |
Proceeds from sale of foreclosed real estate | |||||||||
3,116 | 483 | 1,010 | 1,222 | 230 | 503 | 351 | 1,041 | 815 | 1,570 |
Proceeds from redemption of Federal Home Loan Bank stock | |||||||||
- | - | - | - | - | - | - | - | 374 | 357 |
Purchase of premises and equipment | |||||||||
2,973 | 402 | 1,269 | 1,992 | 1,105 | 559 | 297 | 762 | 580 | 227 |
Proceeds from sale of premises and equipment | |||||||||
- | - | 1 | 36 | 37 | - | - | - | - | - |
Purchase of equity investment | |||||||||
- | 1,922 | - | - | - | - | - | - | - | - |
Proceeds from sale of cost method equity investment | |||||||||
- | - | - | 856 | 0 | - | - | - | - | - |
Cost method equity investment | |||||||||
- | - | - | - | - | 171 | 540 | - | - | - |
Net cash and cash equivalents received in acquisition | |||||||||
- | - | - | - | 18,710 | - | - | - | - | - |
Net Cash Used In Investing Activities | |||||||||
- | - | - | - | - | -5,565 | -3,343 | - | - | - |
Purchase of equity investment | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Proceeds from settlement of bank-owned life insurance policies | |||||||||
- | 545 | 804 | - | 0 | - | - | - | - | - |
Net Cash Provided By (Used In) Investing Activities | |||||||||
-21,107 | -22,100 | -40,424 | -96,245 | 54,962 | - | - | -20,012 | 6,765 | 6,749 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Net increase in deposits | |||||||||
20,531 | 37,084 | -88 | 27,473 | 15,457 | 38,806 | -10,513 | 19,969 | -13,629 | 3,527 |
Net increase (decrease) in advances from Federal Home Loan Bank | |||||||||
- | -10,000 | 10,000 | - | - | - | - | - | - | - |
Advances from Federal Home Loan Bank | |||||||||
- | - | - | - | 15,500 | - | - | - | - | - |
Net decrease in retail repurchase agreements | |||||||||
- | - | - | - | - | -9,310 | -4,782 | 4,967 | 456 | 720 |
Advances from Federal Home Loan Bank | |||||||||
- | - | - | - | - | 10,000 | 5,500 | 0 | 1,000 | 9,500 |
Repayment of advances from Federal Home Loan Bank | |||||||||
- | - | - | - | 15,500 | 15,500 | 5,100 | 7,250 | 4,379 | 18,547 |
Exercise of stock options | |||||||||
- | - | - | - | - | - | - | - | - | 282 |
Purchase of treasury stock | |||||||||
2 | 32 | 16 | 34 | 10 | 908 | 19 | 14 | 27 | 43 |
Taxes paid on stock award shares for employees | |||||||||
42 | 2 | 2 | - | - | - | - | - | - | - |
Dividends paid | |||||||||
3,209 | 3,101 | 2,883 | 2,817 | 2,449 | 2,325 | 2,241 | 2,130 | 2,130 | 2,077 |
Net Cash Provided By (Used In) Financing Activities | |||||||||
17,278 | 23,949 | 7,011 | 24,622 | 12,998 | - | - | 15,542 | -18,709 | -6,638 |
Net Cash Provided By Financing Activities | |||||||||
- | - | - | - | - | 20,763 | -17,155 | - | - | - |
Net Increase (Decrease) in Cash and Cash Equivalents | |||||||||
- | - | - | - | 73,966 | - | - | - | - | - |
Net Increase in Cash and Cash Equivalents | |||||||||
10,248 | 15,197 | -19,994 | -63,383 | - | 22,107 | -10,675 | 2,888 | -2,652 | 5,718 |