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As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD

Cash Flows from Operating Activities

Net income (loss) 4,806 (612) 3,674 2,496

Adjustments to reconcile net income (loss) to net cash provided by operating activities

Depreciation and amortization 1,288 1,421 1,450 1,337
Loss on disposal of fixed assets 0 32 0 0
Provision for (recovery of) loan losses 0 8,000 (508) 520
Gain on sale or impairment of other real estate owned (130) (31) 0 0
Gain on interest rate swaps 58 (44) (24) (12)
Deferred tax expense (benefit) (219) (1,192) 229 1,356
Gain on sale and call of securities (3) (4) (1) 0
Origination of mortgage loans held for sale NA 0 0 (440)
Proceeds from mortgage loans held for sale NA 0 0 450
Gain on mortgage loans held for sale NA 0 0 (10)
Issuance of vested restricted stock 104 60 68 90
Tax effect of restricted stock awards 7 22 42 0
Amortization of security premiums, net 56 46 72 215
Amortization of unearned compensation, net of forfeiture 190 28 207 126
Bank-owned life insurance income NA (796) (361) (362)
Changes in assets and liabilities
Increase in other assets (511) 636 2,131 189
Decrease in other liabilities 1,028 (925) (405) (122)
Net cash provided by operating activities 6,674 6,641 6,574 5,833

Cash Flows from Investing Activities

Proceeds from maturities, calls and principal payments of securities available for sale 10,796 13,349 14,222 12,934
Purchase of securities available for sale (13,160) (11,798) (9,854) (34,215)
Purchase of premises and equipment (6,983) (845) (289) (644)
(Issuance) redemptions of restricted securities, net 168 8 (496) 236
Loan originations, net 9,790 (16,157) (15,460) (39,665)
Proceeds from sale of other real estate owned 2,809 614 0 0
Net cash used in investing activities 3,420 (14,829) (11,877) (61,354)

Cash Flows from Financing Activities

Increase in demand deposits, NOW accounts and savings accounts 5,669 23,286 19,485 18,281
Increase (decrease) in time deposits (20,658) (24,207) 2,378 5,585
Decrease in FHLB advances (64) NA NA NA
Decrease in Federal Home Loan Bank advances NA (68) (71) (5,076)
Cash dividends paid on common stock (1,791) (1,984) (1,803) (1,808)
Repurchase of common stock 0 0 (55) (7)
Net cash provided by (used in) financing activities (16,844) (2,973) 19,934 16,975
Increase (decrease) in cash and cash equivalents (6,750) (11,161) 14,631 (38,546)

Cash and Cash Equivalents

Beginning 71,126 64,376 53,215 67,846
Ending 64,376 53,215 67,846 29,300

Supplemental Disclosures of Cash Flow Information

Cash payments for

Interest 2,597 2,040 1,839 2,033
Income taxes 1,344 266 0 600

Supplemental Disclosures of Noncash Investing Activities

Loans transferred to other real estate owned 0 533 0 0
Unrealized gain (loss) on securities available for sale, net of tax effect 1,007 (389) (536) 735
Unrealized gain on interest rate swap, net of tax effect (53) 10 207 14
Changes in benefit obligations and plan assets for defined benefit and post-retirement benefit plans, net of tax effect (114) 20 52 92
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.