| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
5,669 | 3,301 | 2,904 | 2,404 | 2,199 | 3,762 | 4,069 | - | - | - |
Net income | |||||||||
- | - | - | - | - | - | - | 2,920 | 6,516 | 1,975 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Provision for loan losses | |||||||||
288 | 477 | 1,241 | 1,051 | - | - | - | - | - | - |
Provision for loan losses | |||||||||
- | - | - | - | -2,273 | 1,604 | 2,275 | - | - | - |
Provision for loan losses | |||||||||
- | - | - | - | - | - | - | 5,921 | 5,970 | 4,199 |
Depreciation | |||||||||
1,250 | 1,225 | 1,320 | 1,266 | 1,336 | 1,502 | 1,587 | 1,569 | 1,586 | 1,548 |
Goodwill impairment | |||||||||
- | - | - | - | - | - | - | - | - | 4,989 |
Amortization of intangible assets | |||||||||
- | - | - | 33 | 97 | 162 | 227 | 291 | 358 | 650 |
Amortization of investment premiums and discounts, net | |||||||||
-799 | -1,073 | -1,515 | -1,650 | -2,076 | -2,561 | -3,327 | -2,538 | -1,496 | -299 |
OTTI recovery on available for sale securities | |||||||||
-4 | -17 | -17 | -17 | - | - | - | - | - | - |
Other than temporary impairment recovery on available for sale securities | |||||||||
- | - | - | - | - | 400 | - | 155 | - | - |
Other than temporary impairment charge on available for sale securities | |||||||||
- | - | - | - | - | - | - | - | - | 200 |
Expense for deferred income taxes | |||||||||
296 | 1,585 | 267 | 177 | -231 | 566 | 487 | -637 | -210 | -2,809 |
Stock compensation expense | |||||||||
164 | 106 | 135 | 138 | 164 | 115 | 99 | 118 | - | - |
Compensation expense, restricted stock grants and options | |||||||||
- | - | - | - | - | - | - | - | 134 | 151 |
Income from bank owned life insurance | |||||||||
304 | 483 | 343 | 335 | 307 | 354 | 399 | 316 | 344 | 481 |
Loss on sale or call of securities held to maturity | |||||||||
- | - | - | - | - | - | - | - | - | -6 |
Gain on sale of securities available for sale | |||||||||
553 | 169 | 612 | 691 | 578 | 1,661 | 1,671 | 2,897 | 3,504 | 2,715 |
Gain on sale of mortgage loans | |||||||||
1,434 | 1,321 | 1,585 | 1,175 | 719 | 634 | 956 | - | - | - |
Loss on sale of loan note | |||||||||
- | - | - | - | -1,781 | - | - | 720 | 590 | 271 |
Loss (gain) on disposal of premises and equipment | |||||||||
-10 | -2 | 72 | -1 | -25 | -12 | -13 | -145 | -6 | -22 |
Proceeds from sale of mortgage loans | |||||||||
-44,073 | -51,494 | -56,309 | -43,847 | -37,300 | -17,577 | -48,705 | -36,367 | -43,456 | -5,771 |
Gain on sale of foreclosed assets | |||||||||
10 | 158 | 21 | -716 | -208 | -140 | -266 | -1,703 | - | - |
Originations of mortgage loans sold | |||||||||
42,639 | 50,618 | 53,026 | 44,020 | 32,835 | - | - | - | - | - |
(Gain) loss on sale of foreclosed assets | |||||||||
- | - | - | - | - | - | - | - | 321 | -241 |
Originations of loans sold | |||||||||
- | - | - | - | - | 16,943 | 47,749 | 35,647 | 42,866 | 5,500 |
(Increase) decrease in: | |||||||||
Accrued interest receivable | |||||||||
-86 | -210 | -340 | -437 | -657 | -165 | -785 | -487 | 893 | -75 |
Other assets | |||||||||
784 | -389 | -145 | -21 | -1,513 | -171 | 815 | -265 | -2,261 | 5,867 |
(Decrease) increase in accrued expenses and other liabilities | |||||||||
-442 | 1,173 | -1,980 | 933 | -277 | 170 | -911 | -1,046 | -661 | -541 |
Income taxes payable | |||||||||
- | - | - | - | - | - | - | - | - | 716 |
Net cash provided by operating activities | |||||||||
6,465 | 8,269 | 6,520 | - | - | - | - | 11,216 | 12,394 | 2,658 |
Cash flows from investing activities: | |||||||||
Net cash provided by operating activities | |||||||||
- | - | - | 6,436 | 10,136 | 9,315 | 9,339 | - | - | - |
Proceeds from sales, calls and maturities of securities available for sale | |||||||||
35,298 | 54,416 | 67,671 | 120,354 | 112,235 | 124,471 | 143,434 | - | - | - |
Proceeds from sales, calls and maturities of securities held to maturity | |||||||||
- | - | - | - | - | - | - | - | - | 448 |
Proceeds from sales, calls and maturities of securities available for sale | |||||||||
- | - | - | - | - | - | - | 179,795 | 221,875 | 148,883 |
Purchase of securities available for sale | |||||||||
23,377 | 31,594 | 43,778 | 56,875 | 91,257 | 105,605 | 114,253 | 195,740 | 290,765 | 186,736 |
Net increase in loans | |||||||||
21,099 | 37,605 | 49,586 | 19,005 | 1,908 | 21,630 | -26,815 | -34,186 | -24,665 | 19,857 |
Proceeds from sale of foreclosed assets | |||||||||
164 | 3,498 | 1,623 | - | - | - | - | - | - | - |
Purchase of Federal Home Loan Bank stock | |||||||||
- | - | - | - | - | - | - | 50 | 97 | 231 |
Proceeds from sale of foreclosed assets | |||||||||
- | - | - | 344 | 1,118 | 908 | 2,738 | 9,590 | 3,897 | 902 |
Proceeds from bank owned insurance death benefit | |||||||||
- | 777 | - | - | - | - | - | - | - | - |
Proceeds from sale of premises and equipment | |||||||||
- | - | 100 | - | - | - | - | - | - | - |
Proceeds from bank owned life insurance | |||||||||
- | - | - | - | - | - | 211 | - | - | - |
Purchase of premises and equipment | |||||||||
319 | 466 | 775 | 2,361 | 1,168 | 2,473 | 726 | 856 | 553 | 455 |
Net cash used in investing activities | |||||||||
- | - | - | 42,457 | 19,020 | -4,329 | 58,219 | - | - | - |
Net increase (decrease) in deposits | |||||||||
- | - | - | - | -31,689 | 3,132 | -40,230 | -26,834 | 32,785 | 81,139 |
Net cash used in investing activities | |||||||||
-9,333 | -10,974 | -24,745 | - | - | - | - | 26,925 | -40,978 | -57,046 |
Cash flows from financing activities: | |||||||||
Net increase in demand deposits | |||||||||
-14,172 | 21,127 | -6,524 | 8,098 | - | - | - | - | - | - |
Decrease in advances from borrowers for taxes and insurance | |||||||||
471 | 42 | 152 | 101 | -8 | 125 | 243 | -86 | 3 | 26 |
Advances from Federal Home Loan Bank | |||||||||
87,000 | 80,000 | 26,000 | 41,000 | 57,000 | 23,000 | 3,000 | 30,000 | 39,000 | 66,895 |
Repayment of advances from Federal Home Loan Bank | |||||||||
77,000 | 68,000 | 30,000 | 60,000 | 69,780 | 19,961 | 22,578 | 48,586 | 59,560 | 94,442 |
Other advances | |||||||||
- | - | - | - | - | - | - | - | - | 35,395 |
Repayment of other advances | |||||||||
- | - | - | - | - | - | - | - | - | 35,395 |
Net increase in repurchase agreements | |||||||||
14,658 | -9,302 | 1,885 | -11,588 | 4,599 | 9,251 | 428 | -2,030 | 9,050 | 7,380 |
Repurchase of preferred stock | |||||||||
- | - | - | - | - | - | 18,400 | - | - | - |
Cash used to repurchase treasury stock | |||||||||
51 | 1,308 | 1,876 | 11,926 | 3,500 | 853 | - | - | - | - |
Repurchase of common stock warrant | |||||||||
- | - | - | - | - | 257 | - | - | - | - |
Proceeds from repayment of ESOP loan | |||||||||
633 | 647 | 632 | 704 | - | - | - | - | - | - |
Sale of common stock | |||||||||
- | - | - | - | - | - | - | - | 28,952 | - |
Sale of treasury stock | |||||||||
- | - | - | - | - | - | - | - | 1,419 | - |
Dividends paid on preferred stock | |||||||||
- | - | - | - | - | - | 1,007 | 920 | 920 | 851 |
Dividends paid on common stock | |||||||||
1,697 | 1,174 | 993 | 1,023 | 1,187 | 751 | 598 | 1,909 | 2,272 | 1,723 |
Net cash provided by (used in) financing activities | |||||||||
- | - | - | -34,634 | -44,565 | 13,686 | -79,142 | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
9,842 | 22,032 | -10,724 | - | - | - | - | -50,365 | 48,457 | 58,424 |
Increase (decrease) in cash and cash equivalents | |||||||||
6,974 | 19,327 | -28,949 | 14,259 | -15,409 | 18,672 | -11,584 | -12,224 | 19,873 | 4,036 |
Supplemental disclosures of cash flow information: | |||||||||
Interest paid | |||||||||
7,891 | 5,920 | 5,354 | - | - | - | - | - | - | - |
Interest paid | |||||||||
- | - | - | 6,587 | 8,977 | 10,840 | 15,331 | 9,589 | 11,826 | 14,424 |
Income taxes paid | |||||||||
583 | 1,044 | -564 | -900 | -718 | -487 | 1,990 | 2,105 | 4,110 | 2,420 |
Supplemental disclosures of non-cash investing and financing activities: | |||||||||
Loans charged off | |||||||||
- | - | - | 1,867 | 1,232 | 4,444 | 3,684 | - | - | - |
Loan transferred to held for sale | |||||||||
- | - | - | - | 6,987 | - | - | - | - | - |
Loans charged off | |||||||||
- | - | - | - | - | - | - | 4,875 | - | - |
Loans charged off | |||||||||
- | - | - | - | - | - | - | - | 5,290 | 1,836 |
Foreclosures and in-substance foreclosures of loans during year | |||||||||
383 | 4,312 | 2,263 | 869 | 1,579 | 1,379 | 2,285 | 3,748 | 11,505 | 1,473 |
Net unrealized gains (losses) on investment securities classified as available for sale | |||||||||
- | - | - | -2,030 | 7,195 | -17,273 | 3,400 | 9,895 | -2,851 | 2,670 |
Increase (decrease) in deferred tax asset related to unrealized gains losses investments | |||||||||
- | - | - | 691 | -2,446 | 5,873 | -1,156 | -3,364 | 969 | -908 |
Dividends declared and payable | |||||||||
- | - | - | 287 | 301 | 325 | 180 | 176 | 613 | 454 |
Sale and financing of stock to ESOP | |||||||||
- | - | - | 7,884 | - | - | - | - | - | - |
Issue of unearned restricted stock | |||||||||
- | - | - | 25 | 260 | 232 | 74 | 87 | 92 | 93 |