Investor Relations

As Reported Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Cash flows from operating activities

Net income 5,743 6,090 6,168 7,333 4,144

Adjustments to reconcile net income to net cash from operating activities

Provision for loan losses 100 0 485 35 0
Depreciation 986 1,078 1,389 1,183 1,054
Amortization 1,497 1,531 1,061 893 672
Compensation expense on employee and director stock purchases, stock options, and restricted stock units 118 380 317 344 428
Gains on sales of securities (261) (312) 280 (34) (22)
Net change in market value of equity securities NA 0 0 (71) (119)
Gains on sales of loans (1,416) (1,748) (1,265) (1,003) (1,373)
Loans originated for sale (47,498) (53,591) (43,171) (33,555) (40,215)
Proceeds from loan sales 46,077 57,830 42,883 34,872 40,527
Earnings on bank-owned life insurance (347) (356) (398) (385) (290)
Earnings from death benefit (304) NA NA NA NA
Proceeds on bank-owned life insurance 461 NA NA NA NA
Gains on sales of other real estate owned 30 8 (18) (79) (22)
Write-downs of other real estate owned 91 NA NA NA NA
Proceeds from sales of other real estate owned 406 247 663 515 187
Deferred federal income tax benefit (631) (82) 62 209 94
Net changes in other assets (503) (1,952) 417 (875) (290)
Net changes in other liabilities (571) 1,804 (783) 573 645
Net cash from operating activities 3,978 10,927 8,090 9,955 5,420

Cash flows from investing activities

Securities available for sale

Sales 25,876 15,317 57,628 2,725 1,233
Maturities, prepayments and calls 27,084 36,705 17,572 13,443 29,478
Purchases (70,902) (69,526) (56,123) (31,450) (13,904)
Purchase of Federal Reserve Bank stock (301) NA NA NA NA
Purchases or calls of FHLB stock 299 (380) 0 0 NA
Purchase of bank-owned life insurance policies 0 (1,500) 0 0 NA
Purchase of Federal Reserve Bank stock NA NA NA NA (1)
Loan originations and payments, net (3,678) (20,274) (35,723) (24,366) (7,870)
Additions to premises and equipment (1,038) (1,819) (1,656) (4,207) (457)
Net cash used in investing activities (22,660) (41,477) (18,302) (43,855) 8,479

Cash flows from financing activities

Net change in deposits 39,868 37,690 27,467 37,162 (2,940)
Net change in repurchase agreements (17,283) (1,547) (765) (7,148) 0
Net change in federal funds purchased NA 0 0 4,800 (4,800)
Proceeds from Federal Home Loan Bank advances 194,575 311,017 212,500 128,500 85,000
Payments on Federal Home Loan Bank advances (201,606) (310,048) (204,533) (143,535) (90,026)
Issuance of common stock 206 85 98 77 107
Repurchase of common stock (371) (794) (203) (523) 0
Cash dividends and fractional shares from stock dividend (2,170) (2,231) (2,324) (2,580) (4,356)
Net cash used in financing activities 13,219 34,172 32,240 16,753 (17,015)
Net change in cash and cash equivalents (5,463) 3,622 22,028 (17,147) (3,116)
Beginning cash and cash equivalents 16,650 11,187 14,809 36,837 19,690
Ending cash and cash equivalents 11,187 14,809 36,837 19,690 16,574

Supplemental disclosures of cash flow information

Cash paid for interest 1,005 984 1,465 2,300 3,000
Cash paid for income taxes 2,395 1,760 2,120 850 350
Loans transferred to other real estate owned 408 661 314 432 325
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.
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