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As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD

Cash Flows from Operating Activities

Net income 4,331 4,806 (612) 3,674 3,039

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

Depreciation and amortization 1,104 1,288 1,421 1,450 1,018
Loss on disposal of fixed assets 11 0 32 0 NA
Provision for (recovery of) loan losses 1,800 0 8,000 (508) 395
(Gain) on sale or impairment of other real estate 0 (130) (31) 0 NA
(Gain) loss on interest rate swaps (51) 58 (44) (24) (8)
Deferred tax expense (benefit) (292) (219) (1,192) 229 NA
(Gain) on sale and call of securities (144) (3) (4) (1) NA
Amortization of security premiums, net 412 56 46 72 118
Amortization of unearned compensation, net of forfeiture 147 190 28 207 90
Issuance of vested restricted stock 68 104 60 68 90
Tax effect of restricted stock awards (56) 7 22 42 NA
Bank-owned life insurance income NA NA NA NA (270)
Origination of mortgage loans held for sale NA NA NA NA (440)
Changes in assets and liabilities
(Increase) decrease in other assets (196) (511) (160) 1,770 (13)
Decrease in other liabilities 1,512 1,028 (925) (405) (443)
Net cash provided by operating activities 8,646 6,674 6,641 6,574 3,576

Cash Flows from Investing Activities

Proceeds from sale of securities available for sale 504 NA NA NA NA
Proceeds from maturities, calls and principal payments of securities available for sale 15,998 10,796 13,349 14,222 10,905
Purchase of securities available for sale (21,413) (13,160) (11,798) (9,854) (26,792)
Purchase of premises and equipment (1,725) (6,983) (845) (289) (407)
(Issuance) redemptions of restricted securities, net 875 168 8 (496) 236
Loan originations, net (4,421) 9,790 (16,157) (15,460) (27,108)
Proceeds from sale of other real estate owned 0 2,809 614 0 NA
Net cash used in investing activities (10,182) 3,420 (14,829) (11,877) (43,166)

Cash Flows from Financing Activities

Increase in demand deposits, NOW accounts and savings accounts 42,290 5,669 23,286 19,485 6,204
Increase in time deposits (17,220) (20,658) (24,207) 2,378 3,848
Federal Home Loan Bank advances 0 NA NA NA NA
Decrease in FHLB advances (15,061) (64) (68) (71) (5,056)
Cash dividends paid on common stock (1,782) (1,791) (1,984) (1,803) (1,356)
Repurchase of common stock NA 0 0 (55) (7)
Net cash provided by financing activities 8,227 (16,844) (2,973) 19,934 3,633
Increase (decrease) in cash and cash equivalents 6,691 (6,750) (11,161) 14,631 (35,957)

Cash and Cash Equivalents

Beginning 64,435 71,126 64,376 53,215 67,846
Ending 71,126 64,376 53,215 67,846 31,889

Supplemental Disclosures of Cash Flow Information

Cash payments for

Interest 3,155 2,597 2,040 1,839 1,482
Income taxes 11 1,344 266 0 NA

Supplemental Disclosures of Noncash Investing Activities

Foreclosed assets acquired in settlement of loans 2,679 NA NA NA NA
Unrealized gain on securities available for sale, net of tax effect 551 1,007 (389) (536) 919
Unrealized loss on interest rate swap, net of taxes 214 (53) 10 207 (4)
Changes in benefit obligations and plan assets for defined benefit and post-retirement benefit plans, net of tax effect 6 (114) 20 52 NA
Loans transferred to other real estate owned NA 0 533 0 NA
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.