| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Net income | |||||||||
6,810 | 4,282 | 3,546 | 3,580 | 3,224 | 2,651 | 2,612 | 2,398 | 3,091 | 2,547 |
Items not requiring (providing) cash | |||||||||
Depreciation and amortization | |||||||||
1,040 | 974 | 918 | 819 | 934 | 960 | 981 | 946 | 963 | 815 |
Amortization of intangible asset | |||||||||
- | - | - | - | 66 | 119 | 119 | 119 | 119 | 113 |
Provision for losses on foreclosed real estate | |||||||||
0 | 70 | 20 | 6 | 60 | 98 | 240 | 83 | 87 | 90 |
Premium amortization on securities | |||||||||
-326 | -135 | 1 | 1 | -1 | -3 | 21 | 59 | 68 | -141 |
Provision for loan losses | |||||||||
908 | 297 | 100 | 301 | 553 | 888 | 1,241 | 1,128 | 1,968 | 1,816 |
Gain on sale of loans | |||||||||
- | - | - | 97 | - | - | - | 32 | 94 | 184 |
Loss on sale of foreclosed assets | |||||||||
- | - | - | - | - | - | 13 | 6 | - | - |
Net gains on sales of loans | |||||||||
54 | 66 | 98 | - | 42 | 30 | 58 | - | - | - |
Amortization of ESOP | |||||||||
272 | 280 | 280 | 231 | 196 | 191 | 165 | 195 | 203 | 201 |
Expense related to share-based compensation plans | |||||||||
293 | 287 | 163 | 147 | 164 | 163 | 198 | 213 | 200 | 220 |
Loss on sale of real estate and other repossessed assets | |||||||||
-5 | -27 | -24 | -4 | -12 | 26 | - | - | -15 | 30 |
Increase in value of bank-owned life insurance | |||||||||
81 | 389 | 292 | 313 | 763 | 236 | -523 | 362 | 271 | 383 |
Amortization of intangible assets | |||||||||
150 | 42 | 6 | 12 | 13 | 15 | 24 | 56 | 47 | 52 |
Gain on sale of available-for-sale securities | |||||||||
- | - | - | - | 32 | 27 | 0 | - | 370 | 47 |
Realized gains on sale of Great Lake Bankers Bank stock | |||||||||
- | - | - | 162 | 0 | - | - | - | - | - |
Deferred income taxes | |||||||||
42 | 375 | 545 | 82 | -175 | 120 | -327 | -111 | -44 | -365 |
Originations of loans held for sale | |||||||||
2,796 | 3,064 | 4,424 | 4,451 | 2,370 | 1,530 | 2,304 | 1,696 | 5,904 | 14,096 |
Proceeds from sale of loans held for sale | |||||||||
2,850 | 3,130 | 4,522 | 4,548 | 2,412 | 1,560 | 2,362 | 1,728 | 5,998 | 14,280 |
Gain on sale of fixed assets | |||||||||
8 | 0 | - | - | - | - | - | - | - | - |
AmortizationOfFinancingCosts | |||||||||
36 | 0 | - | - | - | - | - | - | - | - |
Loss on sale of real estate and other repossessed assets | |||||||||
- | - | - | - | - | - | - | 6 | - | - |
Changes in | |||||||||
Net change in accrued interest receivable and other assets | |||||||||
898 | 660 | 153 | 37 | -26 | -193 | -54 | -334 | -31 | -777 |
Other assets | |||||||||
1,188 | -589 | 1,627 | 34 | 864 | 937 | - | - | - | - |
Other assets | |||||||||
- | - | - | - | - | - | -943 | -599 | -391 | -440 |
Net change in accrued expenses and other liabilities | |||||||||
910 | -554 | 1,038 | -458 | 860 | 7 | 405 | 54 | -125 | 244 |
Net cash provided by operating activities | |||||||||
8,617 | 5,755 | 4,567 | 4,177 | - | - | - | 5,599 | 6,237 | 6,631 |
Proceeds from maturity of held-to-maturity securities | |||||||||
- | - | - | - | 450 | 505 | 1,834 | 1,705 | 1,581 | 6,927 |
Maturities, prepayments and calls | |||||||||
- | - | - | - | 355 | 562 | 0 | - | 9,111 | 3,489 |
Investing Activities | |||||||||
Net cash provided by operating activities | |||||||||
- | - | - | - | 4,275 | 4,182 | 7,170 | - | - | - |
Investing Activities | |||||||||
Securities available for sale: | |||||||||
Purchases of available-for-sale securities | |||||||||
102,645 | 78,117 | - | - | - | - | - | - | - | - |
Purchases | |||||||||
- | - | 12,248 | 42,000 | 56,997 | 9,300 | 18,000 | 51,958 | 88,899 | 104,099 |
Sale of available-for-sale securities | |||||||||
45,255 | 23,865 | 7,249 | - | 41,331 | 16,677 | 25,127 | 98,921 | 94,993 | 100,674 |
Sale of interest-bearing time deposits | |||||||||
0 | 3,461 | 0 | - | - | - | - | - | - | - |
Proceeds from maturity of held-to-maturity securities | |||||||||
- | - | - | 36,389 | - | - | - | - | 302 | 971 |
Net changes in certificates of deposit in other financial institutions | |||||||||
- | - | - | - | - | - | - | - | 2,564 | 15,011 |
Net change in loans | |||||||||
33,403 | 34,971 | 12,336 | 27,468 | 14,382 | 7,343 | 14,846 | 13,818 | 8,168 | 23,604 |
Mandatory redemption of Federal Home Loan Bank Stock | |||||||||
231 | 0 | - | - | - | - | - | - | - | - |
Purchases of bank-owned life insurance | |||||||||
4,000 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale of Great Lake Bankers Bank stock | |||||||||
- | - | - | 208 | 0 | - | - | - | - | - |
(Purchase) redemption of FHLB Stock | |||||||||
- | - | - | - | - | -600 | 0 | - | - | - |
Purchases of premises and equipment | |||||||||
1,336 | 785 | 782 | 2,257 | 1,310 | 309 | 1,318 | 1,527 | 1,489 | 1,404 |
Net cash received from acquisition of Powhatan Point Community Bancshares, Inc. | |||||||||
0 | 23,457 | 0 | - | - | - | - | - | - | - |
Proceeds from sale of foreclosed assets | |||||||||
- | - | - | 124 | - | - | - | - | - | - |
Proceeds from sale of premises and equipment | |||||||||
19 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sales of foreclosed assets | |||||||||
86 | 543 | 71 | - | 710 | 730 | 185 | 622 | 474 | 676 |
Net cash used in investing activities | |||||||||
-95,793 | -62,547 | -18,046 | -35,004 | - | - | - | 33,945 | 10,469 | -1,359 |
Net cash used in investing activities | |||||||||
- | - | - | - | -29,843 | 2,122 | -7,018 | - | - | - |
Financing Activities | |||||||||
Financing Activities | |||||||||
Net change in deposits | |||||||||
22,626 | 83,884 | 47,163 | 15,181 | 941 | 12,040 | -39,776 | 21,876 | 3,094 | -19,097 |
Net change in securities sold under repurchase agreements | |||||||||
- | - | - | 3,701 | - | - | - | - | - | - |
Proceeds of Federal Home Loan Bank advances | |||||||||
39,800 | 0 | 11,000 | 19,500 | - | - | - | - | - | - |
Repayments of Federal Home Loan Bank advances | |||||||||
106 | 9,916 | 40,833 | 6,175 | 189 | 272 | 5,449 | - | - | - |
Proceeds from issuance of subordinated debentures, net of origination fees | |||||||||
19,383 | 0 | - | - | - | - | - | - | - | - |
Net change in securities sold under repurchase agreements | |||||||||
-1,153 | -3,017 | 1,692 | - | - | - | - | - | - | - |
Net change in short-term borrowings | |||||||||
- | - | - | - | 593 | -648 | -4,935 | 202 | -12,374 | -4,113 |
Repurchase of common stock | |||||||||
416 | - | - | - | - | - | - | - | - | - |
Treasury stock -net | |||||||||
- | - | - | - | 19 | 39 | -70 | -63 | 0 | - |
Net cash provided by financing activities | |||||||||
- | - | - | - | -895 | 9,386 | -51,786 | - | - | - |
Proceeds from purchase of shares by the dividend reinvestment plan | |||||||||
- | - | - | - | - | - | - | - | 236 | 458 |
Shares purchased for deferred compensation plan | |||||||||
- | - | - | - | - | - | - | 121 | 72 | 104 |
Cash dividends paid | |||||||||
3,226 | 3,221 | 2,769 | 2,540 | 2,259 | 1,773 | 1,556 | 2,253 | 2,988 | 2,960 |
Net cash provided by financing activities | |||||||||
76,908 | 67,730 | 16,253 | 29,667 | - | - | - | 19,883 | -11,960 | -25,608 |
Decrease (Increase) in Cash and Cash Equivalents | |||||||||
-10,268 | 10,938 | - | - | - | - | - | - | - | - |
Increase in Cash and Cash Equivalents | |||||||||
- | - | 2,774 | -1,160 | -26,463 | 15,690 | -51,634 | 59,427 | 4,746 | -20,336 |
Supplemental Cash Flows Information | |||||||||
Interest paid on deposits and borrowings | |||||||||
6,098 | 3,285 | 1,807 | 1,796 | - | - | - | - | - | - |
Interest paid on deposits and borrowings | |||||||||
- | - | - | - | 2,271 | 2,476 | 3,082 | -3,902 | 4,810 | 6,541 |
Federal income taxes paid | |||||||||
25 | 715 | 1,575 | 1,133 | 1,180 | 1,280 | 613 | -480 | 985 | 445 |
Supplemental Disclosure of Non-Cash Investing Activities | |||||||||
Transfers from loans to foreclosed assets held for sale | |||||||||
818 | 280 | 149 | 111 | 0 | 261 | 830 | -475 | 710 | 1,271 |
Acquisition, liabilities were assumed | |||||||||
Fair value of assets acquired | |||||||||
62 | - | - | - | - | - | - | - | - | - |
Less common stock issued | |||||||||
4 | - | - | - | - | - | - | - | - | - |
Less cash paid for common stock | |||||||||
1 | - | - | - | - | - | - | - | - | - |
Liabilities assumed | |||||||||
56 | - | - | - | - | - | - | - | - | - |
Vesting of restricted stock | |||||||||
- | - | - | - | 39 | 203 | 0 | - | - | - |
Unrealized (losses) gain on securities designated as available for sale, net of related tax effects | |||||||||
- | - | - | - | - | 476 | -765 | -145 | 645 | -213 |
Unrealized losses on securities designated as available for sale, net of related tax effects | |||||||||
- | - | - | - | - | - | - | - | - | 20 |