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As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2012 Y 12/31/2014 USD 2013 Y 12/31/2015 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2015 USD 2016 Q3 YTD 9/30/2016 USD
Source Document Currency Code 2012 Y 12/31/2014 USD 2013 Y 12/31/2015 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2015 USD 2016 Q3 YTD 9/30/2016 USD

Cash Flows from Operating Activities

Net income 2,053 4,331 4,806 (612) 2,866

Adjustments to reconcile net income to net cash provided by operating activities

Depreciation and amortization 1,182 1,104 1,288 1,421 1,088
Loss on disposal of obsolete assets 0 11 0 32 0
Provision for (recovery of) loan losses 5,807 1,800 0 8,000 (508)
(Gain) on sale of other real estate owned 370 0 (130) (31) 0
(Gain) loss on interest rate swaps 51 (51) 58 (44) 10
Deferred tax expense (53) (292) (219) (1,192) NA
(Gain) on sale and call of securities (166) (144) (3) (4) (1)
Amortization of security premiums, net 65 412 56 46 61
Amortization of unearned compensation, net of forfeiture 140 147 190 28 171
Issuance of vested restricted stock NA 68 104 60 68
Tax effect of restricted stock awards 0 (56) 7 22 NA
Changes in assets and liabilities
Decrease in other assets (1,948) (196) (511) (160) 654
(Decrease) in other liabilities (1,461) 1,512 1,028 (925) (561)
Net cash provided by operating activities 6,040 8,646 6,674 6,641 3,848

Cash Flows from Investing Activities

Proceeds from sale of securities available for sale 3,684 504 0 0 NA
Proceeds from maturities, calls and principal payments of securities available for sale 21,661 15,998 10,796 13,349 12,107
Purchase of securities available for sale (25,719) (21,413) (13,160) (11,798) (3,062)
Purchase of premises and equipment (1,156) (1,725) (6,983) (845) (289)
(Issuance) redemptions of restricted securities, net 206 875 168 8 (496)
Net (increase) in loans 1,414 (4,421) 9,790 (16,157) (9,503)
Proceeds from sale of other real estate owned 0 0 2,809 614 0
Net cash (used in) investing activities 90 (10,182) 3,420 (14,829) (1,243)

Cash Flows from Financing Activities

Net increase in demand deposits, NOW accounts and savings accounts 22,399 42,290 5,669 23,286 17,612
Net increase (decrease) in certificates of deposit (37,834) (17,220) (20,658) (24,207) 3,496
(Decrease) in FHLB advances 13,200 0 0 0 (53)
Federal Home Loan Bank principal repayments (10,000) (15,061) (64) (68) NA
Cash dividends paid on common stock (1,774) (1,782) (1,791) (1,984) (1,352)
Issuance of common stock 153 NA NA NA NA
Repurchase of common stock NA NA NA NA (55)
Net cash provided by (used in) financing activities (13,856) 8,227 (16,844) (2,973) 19,648
Increase (decrease) in cash and cash equivalents (7,726) 6,691 (6,750) (11,161) 22,253

Cash and Cash Equivalents

Beginning 72,161 64,435 71,126 64,376 53,215
Ending 64,435 71,126 64,376 53,215 75,468

Supplemental Disclosures of Cash Flow Information

Cash payments for

Interest 4,118 3,155 2,597 2,040 1,353
Income taxes 2,930 11 1,344 266 0

Supplemental Disclosures of Noncash Investing Activities

Foreclosed assets acquired in settlement of loans 0 2,679 0 533 NA
Unrealized gain (loss) on securities available for sale, net of tax effect (22) 551 1,007 (389) 39
Unrealized (loss) on interest rate swap, net of taxes (181) 214 (53) 10 (87)
Changes in benefit obligations and plan assets for defined benefit and post-retirement benefit plans, net of tax effect (192) 6 (114) 20 NA
Loans transferred to other real estate owned NA NA NA NA 0
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.