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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 2018 Q1 YTD 3/31/2018 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 2018 Q1 YTD 3/31/2018 USD

Cash Flows from Operating Activities

Net income 4,806 (612) 3,674 2,496 1,586

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

Depreciation and amortization 1,288 1,421 1,450 1,337 313
Loss on disposal of fixed assets 0 32 0 0 NA
Provision for loan losses 0 8,000 (508) 520 300
Gain on sale or impairment of other real estate owned (130) (31) 0 0 NA
(Gain) loss on interest rate swaps 58 (44) (24) (12) 2
Deferred tax expense (benefit) (219) (1,192) 229 1,356 NA
Gain on securities available for sale (3) (4) (1) 0 (535)
Amortization of security premiums, net 56 46 72 215 94
Amortization of unearned compensation, net of forfeiture 190 28 207 126 50
Issuance of vested restricted stock 104 60 68 90 85
Tax effect of restricted stock awards 7 22 42 0 NA
Bank-owned life insurance income NA (796) (361) (362) (89)
Origination of mortgage loans held for sale NA 0 0 (440) (628)
Proceeds from mortgage loans held for sale NA 0 0 450 234
Gain on mortgage loans held for sale NA 0 0 (10) (6)
Changes in assets and liabilities
Increase in other assets (511) 636 2,131 189 (76)
Decrease in other liabilities 1,028 (925) (405) (122) (178)
Net cash provided by operating activities 6,674 6,641 6,574 5,833 1,152

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 3,766
Purchase of securities available for sale (13,160) (11,798) (9,854) (34,215) (1,962)
Purchase of premises and equipment (6,983) (845) (289) (644) (93)
Purchase of restricted investments, net 168 8 (496) 236 (1,291)
Loan originations, net 9,790 (16,157) (15,460) (39,665) (374)
Proceeds from sale of other real estate owned 2,809 614 0 0 NA
Net cash provided by investing activities 3,420 (14,829) (11,877) (61,354) 46

Cash Flows from Financing Activities

Increase in demand deposits, NOW accounts and savings accounts 5,669 23,286 19,485 18,281 7,907
Decrease in time deposits (20,658) (24,207) 2,378 5,585 (688)
Decrease in Federal Home Loan Bank advances NA (68) (71) (5,076) NA
Increase (decrease) in FHLB advances (64) NA NA NA 29,980
Cash dividends paid on common stock (1,791) (1,984) (1,803) (1,808) (453)
Repurchase of common stock 0 0 (55) (7) (8)
Net cash provided by financing activities (16,844) (2,973) 19,934 16,975 36,738
Increase in cash and cash equivalents (6,750) (11,161) 14,631 (38,546) 37,936

Cash and Cash Equivalents

Beginning 71,126 64,376 53,215 67,846 29,300
Ending 64,376 53,215 67,846 29,300 67,236

Supplemental Disclosures of Cash Flow Information

Cash payments for

Interest 2,597 2,040 1,839 2,033 628
Income taxes 1,344 266 0 600 NA

Supplemental Disclosures of Noncash Investing Activities

Loans transferred to other real estate owned 0 533 0 0 NA
Unrealized gain (loss) on securities available for sale, net of tax effect 1,007 (389) (536) 735 (437)
Unrealized gain on interest rate swap, net of taxes (53) 10 207 14 143
Changes in benefit obligations and plan assets for defined benefit and post-retirement benefit plans, net of tax effect (114) 20 52 92 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.