| 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 | |||||||||
12,489 | 11,537 | 9,094 | 7,665 | 4,908 | 7,122 | 5,886 | 5,780 | 5,860 | 4,627 |
Adjustments to reconcile net income to net cash from operating activities: | |||||||||
Provision for loan losses | |||||||||
545 | 555 | 350 | 484 | - | - | - | - | - | - |
Provision for loan losses | |||||||||
- | - | - | - | -125 | - | - | - | - | - |
Provision (reversal of provision) for loan losses | |||||||||
- | - | - | - | - | -1,877 | 300 | 1,150 | 1,500 | 4,020 |
Increase (decrease) in deferred fees/costs, net | |||||||||
205 | 393 | 4 | 19 | 124 | 178 | -24 | 34 | 98 | 78 |
Depreciation | |||||||||
1,091 | 1,187 | 1,124 | 1,252 | 1,207 | 1,174 | 1,160 | 1,138 | - | - |
Depreciation | |||||||||
- | - | - | - | - | - | - | - | 998 | 959 |
Amortization of investment securities, net | |||||||||
899 | 1,121 | 841 | 409 | 188 | 147 | 237 | 241 | 36 | -2 |
Stock based compensation | |||||||||
549 | 431 | 103 | 256 | 261 | 271 | 195 | 175 | 48 | 82 |
Excess tax benefits from vested restricted stock awards | |||||||||
- | - | - | - | 46 | 102 | 0 | - | 0 | - |
Gain on sale of premises and equipment | |||||||||
0 | 2 | 109 | 4 | 5 | 3 | -32 | 22 | 0 | - |
OREO loss on sales and write downs | |||||||||
- | - | - | - | -50 | -32 | 17 | - | - | - |
OREO write downs | |||||||||
- | - | - | - | - | -32 | 17 | - | - | - |
OREO write downs and loss (gain) on sale | |||||||||
- | - | - | - | - | - | - | 3 | -290 | - |
Gain on sales and calls of available for sale securities | |||||||||
- | - | - | - | 206 | 209 | 60 | 91 | - | - |
Gain on sale of OREO property | |||||||||
0 | 193 | 211 | -96 | - | - | - | - | - | - |
Gain on sale of available for sale security | |||||||||
- | - | 0 | - | - | - | - | - | - | - |
Gain on sales and calls of available for sale securities | |||||||||
138 | 81 | 395 | - | - | - | - | - | - | - |
OREO write downs and (gain)/losses on sale | |||||||||
- | - | - | - | - | - | - | - | - | 431 |
Gain on sales and calls of available for sale securities | |||||||||
- | - | - | 52 | - | - | - | - | 81 | 195 |
Earnings on cash surrender value of life insurance | |||||||||
602 | 511 | 514 | 441 | 429 | 433 | 404 | 423 | 432 | 435 |
Increase in deferred tax asset | |||||||||
-229 | -828 | 1,515 | -687 | 35 | -187 | 207 | -100 | 205 | - |
Gain on BOLI death benefit | |||||||||
- | - | - | 2 | 66 | 0 | - | - | - | - |
Decrease in deferred tax asset | |||||||||
- | - | - | - | - | - | - | - | - | -497 |
Increase in interest payable and other liabilities | |||||||||
6,527 | 558 | -364 | 1,483 | -1,214 | 1,134 | 290 | 1,053 | -434 | 877 |
(Increase) decrease in interest receivable | |||||||||
-298 | 584 | 340 | 411 | 33 | 13 | 357 | -48 | 61 | -92 |
Decrease (increase) in other assets | |||||||||
4,016 | -1,643 | 1,691 | 123 | 90 | -529 | -23 | -165 | -2,283 | 2,812 |
Net cash from operating activities | |||||||||
17,209 | 14,440 | 9,399 | 9,906 | - | - | - | - | - | - |
Net cash from operating activities | |||||||||
- | - | - | - | 4,311 | 7,407 | 7,516 | 9,040 | 10,115 | 8,064 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
Purchases of available for sale securities | |||||||||
26,181 | 51,700 | 50,801 | - | - | - | - | - | - | - |
Purchases of available-for-sale securities | |||||||||
90 | 85 | 81 | - | - | - | - | - | - | - |
Purchases of available for sale securities | |||||||||
- | - | - | 53,955 | 42,694 | 17,883 | 36,082 | 43,742 | 54,574 | 12,114 |
Proceeds from maturities, calls, and principal paydowns of securities available for sale | |||||||||
45,965 | 21,033 | 30,196 | 21,762 | 31,935 | 18,884 | 15,215 | 30,364 | 20,140 | 9,572 |
Investment in LIHTC | |||||||||
595 | 1,407 | - | - | - | - | - | - | - | - |
Net (increase) decrease in loans | |||||||||
39,168 | 49,393 | 52,231 | 71,428 | 41,778 | 33,281 | 32,200 | 3,431 | -6,846 | -17,695 |
Purchase of FRB Stock | |||||||||
- | - | - | - | - | - | - | 1 | 2 | 2 |
Redemption of FRB Stock | |||||||||
- | - | - | - | - | - | - | 405 | 0 | - |
Purchase of FHLB Stock | |||||||||
404 | 222 | 340 | 79 | 142 | 104 | 41 | 0 | - | - |
Purchase of BOLI policies | |||||||||
5,000 | 0 | - | 4,000 | 0 | 1,029 | 0 | - | - | - |
Purchase of BOLI policies | |||||||||
- | - | - | - | - | - | - | 460 | - | - |
Proceeds from sale of OREO | |||||||||
0 | 447 | 1,168 | 1,012 | 0 | - | 982 | 247 | - | - |
Proceeds from redemption of BOLI policies | |||||||||
- | - | - | 186 | 292 | 0 | - | - | - | - |
Cash acquired from acquisitions, net of cash paid | |||||||||
- | - | - | - | 23,468 | 0 | - | - | - | - |
Redemption of FHLB stock | |||||||||
- | - | - | - | - | - | - | - | 548 | 423 |
Proceeds from sale of OREO | |||||||||
- | - | - | - | - | - | - | - | 243 | 1,892 |
Proceeds from sales of premises and equipment | |||||||||
0 | 2 | 388 | 4 | 5 | 3 | 6 | 22 | 0 | 0 |
Proceeds from sales of premises and equipment | |||||||||
- | - | - | - | - | 924 | 85 | 219 | 9 | 70 |
Purchases of bank premises and equipment | |||||||||
1,383 | 1,646 | 2,193 | 663 | 1,418 | 1,556 | 448 | 821 | 4,323 | 966 |
FHLB payments | |||||||||
- | - | - | - | - | - | - | -3,000 | - | - |
Net cash (used in) from investing activities | |||||||||
-26,856 | -82,971 | -73,894 | -107,161 | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||
- | - | - | - | -30,332 | -34,966 | -52,568 | -9,633 | -31,121 | 16,500 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
Shareholder cash dividends paid | |||||||||
2,214 | 2,117 | 2,022 | 1,940 | 1,695 | 1,318 | 0 | - | - | - |
FHLB advanced funds | |||||||||
- | - | - | - | - | - | - | - | - | 7,100 |
FHLB payments | |||||||||
- | - | - | - | - | - | - | - | 5,000 | 31,300 |
Proceeds from Series B Preferred Stock issued | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Preferred stock dividend payment | |||||||||
- | - | - | - | - | - | 68 | 451 | 761 | 675 |
Federal funds advances | |||||||||
- | - | - | - | - | - | - | - | - | 480 |
Federal funds payments | |||||||||
- | - | - | - | - | - | - | - | - | 480 |
Repurchase of Series B preferred stock | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Payment to repurchase U.S. Treasury Warrant | |||||||||
- | - | - | - | - | - | - | - | 560 | 0 |
Net increase (decrease) in demand deposits and savings accounts | |||||||||
36,819 | 54,828 | 29,660 | 95,578 | 77,313 | 71,529 | 21,029 | 52,690 | 72,401 | 56,384 |
Net decrease in time deposits | |||||||||
-3,385 | -7,215 | -4,871 | 3,824 | -3,328 | -4,581 | -5,388 | -1,902 | -12,936 | -8,855 |
Proceeds from exercise of stock options | |||||||||
6 | 7 | - | - | - | - | - | - | - | - |
Tax withholding payments on vested restricted shares surrendered | |||||||||
130 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale of common stock and exercise of stock options | |||||||||
- | - | 91 | 0 | - | - | - | - | - | - |
Excess tax benefits from vested restricted stock awards | |||||||||
- | - | - | - | 46 | 102 | 0 | - | 0 | - |
Net cash from financing activities | |||||||||
- | - | - | - | 72,336 | 66,656 | 8,908 | 40,843 | 53,153 | 22,723 |
Net cash from (used in) financing activities | |||||||||
31,096 | 45,503 | 22,858 | 97,462 | - | - | - | - | - | - |
NET DECREASE IN CASH AND CASH EQUIVALENTS | |||||||||
21,449 | -23,028 | -41,637 | 207 | 46,315 | 39,097 | -36,144 | 40,250 | - | - |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | |||||||||
- | - | - | - | - | - | - | - | 32,147 | 47,288 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||||||||
Interest | |||||||||
1,558 | 1,611 | 1,065 | 756 | 618 | 668 | 835 | - | 1,686 | 3,151 |
Income taxes | |||||||||
3,870 | 4,145 | 5,922 | 2,331 | 4,152 | 3,005 | 2,345 | - | 3,961 | 1,976 |
NON-CASH INVESTING ACTIVITIES: | |||||||||
Change in unrealized gain on securities | |||||||||
4,021 | -2,254 | - | - | - | - | - | - | - | - |
Change in unrealized gain (loss) on securities | |||||||||
- | - | 1,787 | - | - | - | - | - | - | - |
Change in contributions payable to LIHTC limited partner investment | |||||||||
0 | 3,593 | 0 | - | - | - | - | - | - | - |
Lease right-of-use assets | |||||||||
4,312 | 0 | - | - | - | - | - | - | - | - |
NON-CASH FINANCING ACTIVITIES: | |||||||||
Present value of lease obligations | |||||||||
4,698 | 0 | - | - | - | - | - | - | - | - |
Real estate acquired through foreclosure | |||||||||
- | - | - | 253 | 956 | - | - | - | - | - |
Real estate acquired through foreclosure | |||||||||
- | - | - | - | - | 0 | 1,882 | - | - | 952 |
Corporate headquarter premises acquired through foreclosure | |||||||||
- | - | - | - | - | - | 1,250 | - | - | - |
Common stock dividend declared | |||||||||
- | - | - | - | - | - | 793 | - | - | - |
Change in unrealized gain on available-for-sale securities | |||||||||
- | - | - | -3,048 | -507 | 4,470 | -6,810 | - | 1,948 | -237 |
Fair value of assets acquired | |||||||||
- | - | - | - | 78,717 | 0 | - | - | - | - |
Fair value of liabilities assumed | |||||||||
- | - | - | - | 71,381 | 0 | - | - | - | - |
Accretion of preferred stock | |||||||||
- | - | - | - | - | - | - | - | 486 | 166 |