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As-Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2012 Y 12/31/2013 USD 2013 Y 12/31/2014 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 12/31/2013 USD 2013 Y 12/31/2014 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 5,239 3,919 4,804 5,138 2,666

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

Depreciation, amortization and accretion 1,985 2,103 1,802 1,806 1,178
Provision for credit losses 1,455 2,530 1,130 1,105 630
Stock based compensation 143 204 267 342 801
Net gain on sale of securities (418) (610) (858) (78) (431)
Net loss on sale and write down of OREO and other repossessed property 440 (106) 7 134 164
Earnings from investment in BOLI (242) (238) (235) (228) (166)
Deferred tax benefit (355) 644 (226) (88) (330)
Proceeds from sales of loans 3,013 2,740 3,645 18,739 8,725
Loans originated for sale (2,855) (2,578) (4,170) (17,467) (8,497)
Gain on sale of loans (158) (162) (92) (655) NA
Taxes on exercise of stock options NA 0 NA NA NA
Gain on sale of loans and mortgage banking income NA NA NA NA (228)
Write-off of property and equipment NA NA 0 698 0
Increase in accrued interest receivable 66 173 44 (157) (229)
Increase in other assets (821) 1,050 799 (475) (6,505)
Decrease in accrued interest payable (23) (45) (25) (6) (16)
Increase (decrease) in other liabilities 779 68 260 (260) 1,439
Net Cash (Used in) Provided By Operating Activities 8,248 9,692 7,152 8,548 (799)

Cash Flows From Investing Activities

Activity in available-for-sale securities

Sales 19,683 39,311 39,333 17,988 43,913
Maturities, repayments and calls 43,325 34,109 25,805 58,262 50,660
Purchases (90,138) (64,044) (114,425) (57,928) (62,646)

Activity in held-to-maturity securities

Sales NA 0 1,612 0 757
Maturities, repayments and calls 7,034 5,472 4,756 1,822 6,864
Purchases (36,672) (4,714) 0 (10,093) (13,507)
Net increase in restricted stock 198 523 316 (860) (176)
Net increase in loans 6,055 (26,765) (41,196) (29,020) (27,979)
Purchases of property and equipment (1,548) (663) (344) (661) (2,892)
Proceeds from disposals of office property and equipment 5 1 NA NA NA
Expenses capitalized in OREO NA NA 0 (202) NA
Costs capitalized in OREO and other repossessed property NA NA NA NA (954)
Proceeds from sale of OREO and other repossessed property 2,647 3,411 288 177 432
Net Cash Used in Investing Activities (49,411) (13,359) (83,855) (20,515) (5,528)

Cash Flows From Financing Activities

Net increase in deposits 32,879 28,323 46,336 1,192 39,268
Repayment of FHLBP advances NA NA 0 (10,000) (10,000)
Funding of FHLBP advances 0 (10,000) 10,000 20,000 NA
Net (decrease) increase in repurchase agreements (6,756) 2,840 (633) 13,195 (12,933)
Proceeds from issuance of subordinated debt NA NA 0 9,750 0
Repayment of other borrowings (27) (30) (36) (41) (33)
Dividends paid (993) (899) (906) (834) (598)
Proceeds from the exercise of stock options NA 0 39 402 0
Taxes on exercise of stock options NA NA (23) (469) (437)
Tax benefit for restricted stock vest NA NA NA NA 64
Redemption of preferred stock NA NA 0 (13,000) 0
Sale of treasury stock 332 344 370 387 319
Net Cash Provided by Financing Activities 25,435 20,578 55,147 20,582 15,650
Net Change in Cash and Cash Equivalents (15,728) 16,911 (21,556) 8,615 9,323
Cash and Cash Equivalents at Beginning of Period 32,877 17,149 34,060 12,504 21,119
Cash and Cash Equivalents at End of Period 17,149 34,060 12,504 21,119 30,442

Supplemental Disclosure of Cash Flow Information

Cash paid during the period for

Interest 3,778 2,933 2,336 2,718 2,134
Income taxes 1,735 1,578 872 1,777 875

Supplemental Disclosure of Non-cash Flow Information

Transfers from loans to real estate owned and other repossessed property 350 3,164 100 1,789 0

Business combinations

Non-cash assets acquired
Loans and leases 66 NA NA NA NA
Property and equipment 686 NA NA NA NA
Total non-cash assets acquired 752 NA NA NA NA

Liabilities assumed

Accrued interest payable (5) NA NA NA NA
Deposits 15,861 NA NA NA NA
Total liabilities assumed 15,856 NA NA NA NA
Net non-cash liabilities assumed 15,104 NA NA NA NA
Core deposit intangible 130 NA NA NA NA
Net cash and cash equivalents acquired 15,234 NA NA NA 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.