| 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 | |||||||||
15,172 | 14,017 | 8,640 | 7,385 | 6,810 | 6,216 | 7,269 | 6,069 | -10,812 | -4,439 |
Adjustments to reconcile net income to cash provided by operating activities: | |||||||||
Provision for credit losses | |||||||||
20 | -1,764 | 24 | -21 | -41 | -845 | -1,098 | 1,019 | 13,602 | 12,475 |
Depreciation and amortization | |||||||||
1,402 | 1,352 | 1,335 | 1,428 | 1,462 | 1,390 | 1,287 | 1,544 | 1,768 | 2,256 |
Payments on operating lease right-of-use-assets | |||||||||
741 | - | - | - | - | - | - | - | - | - |
Amortization of premium/discount on investment securities, net | |||||||||
713 | 626 | 534 | 481 | 266 | 263 | 52 | 33 | - | - |
Accretion of investment securities | |||||||||
- | - | 8 | 28 | 44 | 33 | 60 | 169 | 524 | 14 |
Loss on disposition of securities | |||||||||
- | - | - | - | - | - | - | -195 | - | - |
Loss (gain) on disposition of securities | |||||||||
- | - | - | - | - | - | - | - | 11 | 68 |
Increase in accrued interest receivable | |||||||||
-133 | 1,815 | 2,631 | 1,676 | 293 | 283 | -50 | -252 | -206 | -345 |
(Decrease) increase in accrued interest payable | |||||||||
2 | 13 | -32 | 47 | -11 | -4 | -27 | -40 | -111 | -153 |
(Decrease) increase in accounts payable and accrued liabilities | |||||||||
-1,647 | -940 | -39 | -146 | 29 | -1,113 | 265 | 476 | 859 | -13 |
(Increase) decrease in unearned fees and unamortized loan origination costs, net | |||||||||
701 | 1,159 | 36 | -1,017 | -382 | 20 | 280 | -545 | -76 | -220 |
Decrease in income taxes payable | |||||||||
-337 | -316 | -734 | 957 | -229 | -398 | 5,557 | 386 | -2,168 | -3,899 |
Unrealized gain on marketable equity securities | |||||||||
117 | -78 | 0 | 0 | - | - | - | - | - | - |
Unrealized loss on marketable equity securities | |||||||||
117 | -78 | 0 | 0 | - | - | - | - | - | - |
Stock-based compensation expense | |||||||||
349 | 744 | 97 | 30 | 26 | 28 | 29 | 18 | 18 | 41 |
Benefit (provision) for deferred income taxes | |||||||||
533 | -785 | 906 | 2,199 | 1,640 | 4,816 | -1,773 | 1,230 | -2,398 | -2,569 |
(Gain) loss on other investments | |||||||||
- | - | - | - | - | - | - | 1,807 | - | - |
Impairment loss on other investments | |||||||||
- | - | - | - | - | - | - | - | - | -355 |
Loss on sale of other real estate owned | |||||||||
- | - | 336 | 37 | 16 | 114 | 1,346 | 278 | -231 | -85 |
Gain on bank owned life insurance | |||||||||
0 | 171 | 0 | 0 | - | - | - | - | - | - |
Gain on redemption of junior subordinated debentures | |||||||||
- | - | - | - | 78 | 0 | - | - | - | - |
Increase in cash surrender value of bank-owned life insurance | |||||||||
528 | 520 | 534 | 530 | 519 | 514 | 589 | 564 | 565 | 554 |
Impairment loss on goodwill | |||||||||
- | - | - | - | - | - | - | - | 1,489 | 1,414 |
Gain on sale of loans | |||||||||
- | - | - | - | - | - | - | - | - | 509 |
Impairment loss on other real estate owned | |||||||||
- | - | - | - | 188 | 0 | 214 | 463 | 3,856 | 2,831 |
Impairment loss on investment securities | |||||||||
- | - | - | - | - | - | - | 284 | 912 | 1,253 |
Gain on fair value option of junior subordinated debentures | |||||||||
1,165 | -424 | -882 | -518 | -73 | -102 | -776 | -774 | - | 316 |
Loss on dissolution of real estate investment trust | |||||||||
-115 | 0 | 3 | 0 | -23 | 691 | 0 | - | 0 | - |
Loss on tax credit limited partnership interest | |||||||||
0 | -25 | -109 | -158 | -73 | -39 | -253 | -39 | -418 | -424 |
Income from life insurance proceeds | |||||||||
- | - | - | - | - | - | - | - | - | 174 |
Gain on sale of premises and equipment | |||||||||
1 | 29 | 73 | 0 | 10 | - | - | - | - | -11 |
Gain on sale of premises and equipment | |||||||||
- | - | - | - | - | 25 | 0 | - | - | - |
Amortization of intangibles | |||||||||
- | - | - | - | - | 62 | 187 | 304 | - | - |
Net decrease (increase) in other assets | |||||||||
303 | 754 | 618 | 290 | -297 | -86 | -577 | -28 | -656 | -984 |
Net cash provided by operating activities | |||||||||
14,301 | 11,344 | 7,555 | 9,458 | 9,264 | 9,002 | 11,903 | 9,711 | 5,767 | 9,603 |
Cash Flows From Investing Activities: | |||||||||
Purchase of correspondent bank stock | |||||||||
52 | 23 | - | - | - | - | - | - | - | - |
Net decrease in interest-bearing deposits with banks | |||||||||
- | - | 650 | 878 | -6 | -7 | -8 | 680 | 2,209 | -1,083 |
Redemption of correspondent bank stock | |||||||||
- | - | - | - | - | - | 433 | - | - | - |
Purchase of correspondent bank stock | |||||||||
- | - | 495 | 101 | 147 | 97 | 0 | -693 | -600 | -307 |
Purchases of available-for-sale securities | |||||||||
27,830 | 34,921 | 0 | 34,987 | - | - | - | - | - | - |
Purchases of available-for-sale securities | |||||||||
- | - | - | - | 0 | 10,192 | 20,433 | 11,022 | 8,500 | 10,160 |
Maturities and calls on available-for-sale securities | |||||||||
- | - | 0 | 2,600 | 11,000 | 0 | 3,600 | 10,070 | 18,840 | 14,887 |
Principal payments of available-for-sale securities | |||||||||
17,510 | 9,678 | 11,260 | 4,687 | 5,922 | 5,295 | 4,452 | 0 | - | - |
Net (increase) decrease in loans | |||||||||
10,956 | - | - | - | - | - | - | - | - | - |
Financed other real estate owned | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Purchase of company-owned life insurance | |||||||||
220 | 220 | 0 | 220 | 220 | 0 | - | - | 125 | 0 |
Net (increase) decrease in loans | |||||||||
- | 14,310 | - | - | - | - | - | - | - | - |
Cash proceeds from sale of other investment | |||||||||
- | - | - | - | - | 1,253 | 0 | 2,174 | - | - |
Cash proceeds from sales of premises and equipment | |||||||||
12 | 0 | - | - | 23 | 0 | - | 36 | 0 | 22 |
Cash proceeds from sales of other real estate owned | |||||||||
- | - | 1,062 | 3,378 | 1,192 | 1,308 | 9,202 | 4,902 | 6,458 | 7,660 |
Investment in limited partnership | |||||||||
- | - | - | - | - | - | 564 | - | - | - |
Payoff of senior liens on other real estate owned | |||||||||
- | - | 0 | 705 | 0 | 0 | - | - | - | - |
Impairment loss on intangible assets | |||||||||
- | - | - | - | - | - | - | - | 36 | 57 |
Gain on fair value option of financial assets | |||||||||
- | - | - | - | - | - | - | - | 1,619 | - |
Proceeds from bank owned life insurance | |||||||||
- | 376 | 0 | 0 | - | - | - | - | - | - |
Capital expenditures of premises and equipment | |||||||||
956 | 1,024 | 1,128 | 1,073 | 725 | 768 | 1,147 | 853 | 914 | 791 |
Proceeds from sales of available-for-sale securities | |||||||||
- | - | - | - | - | - | - | 8,837 | 2,000 | 17,060 |
Investment in bank stock | |||||||||
- | - | - | - | - | - | - | - | -12 | 0 |
Proceeds from sales of tax credits | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Proceeds from life insurance settlement | |||||||||
- | - | - | - | - | - | - | - | - | 1,020 |
Proceeds from sales of loans | |||||||||
- | - | - | - | - | - | - | - | - | 17,640 |
Net decrease in loans | |||||||||
- | - | 31,251 | 51,465 | 58,642 | 60,282 | -6,933 | -3,847 | -14,446 | -26,732 |
Investment in limited partnership | |||||||||
271 | 335 | 954 | -1 | 119 | 126 | - | 787 | 0 | 1,577 |
Net cash (used in) provided by investing activities | |||||||||
-22,763 | -12,159 | -20,856 | -77,007 | -41,722 | -63,616 | 2,468 | 18,577 | 35,026 | 71,717 |
Cash Flows From Financing Activities: | |||||||||
Net increase in demand deposits and savings accounts | |||||||||
29,751 | 100,349 | 49,226 | 20,993 | 65,418 | 28,225 | -4,899 | 32,960 | 73,014 | 25,263 |
Net decrease in time deposits | |||||||||
-17,032 | 17,601 | -38,159 | 33,831 | -8,986 | -5,341 | -15,899 | -44,100 | -56,053 | -29,457 |
Proceeds from exercise of stock options | |||||||||
- | - | 6 | 6 | 0 | 95 | 12 | 0 | - | - |
Dividends on common stock | |||||||||
5,599 | 4,732 | 2,870 | 0 | 0 | - | - | - | - | - |
Redemption of junior subordinated debentures | |||||||||
- | - | - | - | 1,800 | 0 | - | - | - | - |
Cash proceeds from the issuance of common stock | |||||||||
- | - | - | - | - | - | 0 | 295 | - | - |
Net (decrease) in FHLB borrowings | |||||||||
- | - | - | - | - | - | - | - | 32,000 | - |
Common Stock Private Placement | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Net (decrease) increase in federal funds purchased | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Net (decrease) increase in FHLB borrowings | |||||||||
- | - | - | - | - | - | - | - | - | 8,000 |
Proceeds from note payable | |||||||||
- | - | - | - | - | - | - | - | - | 75 |
Net cash provided by financing activities | |||||||||
7,120 | 113,218 | 8,203 | 54,830 | 54,632 | 22,979 | -20,786 | -10,845 | -15,039 | -12,119 |
Net (decrease) increase in cash and cash equivalents | |||||||||
-1,342 | 112,403 | - | - | - | - | - | - | - | - |
Net increase in cash and cash equivalents | |||||||||
- | - | -5,098 | -12,719 | 22,174 | -31,635 | -6,415 | 17,443 | 25,754 | 69,201 |