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Cash Flow Statement

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As-reported financial charting
 2014 Y2015 Y2016 Y2017 Y2018 Q3 YTD
Source Document9/30/20169/30/20179/30/20179/30/20176/30/2018
(in thousands)     
Cash Flows from Operating Activities 
Net income 7114,66812,1505,8174,664
Adjustments to reconcile net income to net cash provided by operating activities 
Depreciation expense 638646650724569
Provision for loan losses 263909472,791829
Deferred income taxes expense (367)(1,035)(6,316)2,0922,643
ESOP expense 160195242311276
Stock based compensation NA0011082
Amortization of premiums and discounts on investment securities, net (488)8491,243814275
Accretion of loan origination fees and costs (193)296748(924)(132)
Amortization of mortgage service rights (22)82736035
Net gain on sale of investment securities available-for-sale (83)(515)(565)(463)0
Net gain on disposal of fixed assets 410(1)0NA
Net gain on sale of real estate (93)(124)(19)0(1,186)
Write down of other real estate owned 34154200NA
Net gain on sale of secondary market loans (71)(102)(116)(154)(96)
Proceeds on sale of secondary market loans 7,7384,0906,3909,2708,615
Originations of secondary market loans (7,667)(3,988)(6,274)(9,116)(8,519)
Earnings on bank-owned life insurance (559)(680)(517)(505)(359)
Increase in accrued interest receivable 82(1,162)(74)(581)(432)
Increase in accrued interest payable 1024731267401
(Decrease) increase in other liabilities (79)349766563(40)
Increase in other assets (114)(714)(44)(1,058)(769)
Increase in income tax receivable NA00(225)0
Amortization of subordinated debt NA0039118
Net (gain) loss on sale of loans 
(As Restated) (281)NANANANA
Net Cash Provided by Operating Activities (33)3,2469,3349,8326,974
Cash Flows from Investing Activities 
Investment securities available-for-sale 
Purchases (5,258)(160,103)(2,116)(250)(30,140)
Sales 16,75170,41362,81851,1190
Maturities, calls and principal repayments 14,1386,0322,43758310,123
Investment securities held-to-maturity 
Purchases 0(4,152)00NA
Maturities, calls and principal repayments 04,45416,3915,3503,715
Proceeds from sale of loans 
(As Restated) 25,836NANANANA
Loan buyback for sale of loans 
(As Restated) (1,117)NANANANA
Loan purchases 
(As Restated) (18,952)NANANANA
(Loan originations) and principal collections, net 19,649(5,927)(184,548)(262,039)(59,720)
Net increase in restricted stock (465)(1,262)(659)(135)(3,222)
Proceeds from sale of real estate 2,6941,1741,1670NA
Additions to mortgage servicing rights (160)(30)00NA
Proceeds from cash surrender on bank-owned life insurance 
(As Restated) 3,636NANANANA
Proceeds from death benefit of bank-owned life insurance 001,0490NA
Proceeds from sale of property and equipment 00101,315
Purchases of property and equipment (244)(358)(752)(1,594)(431)
Net Cash Used in Investing Activities 56,508(89,759)(104,212)(206,966)(78,360)
Cash Flows from Financing Activities 
Net (decrease) increase in deposits (71,643)52,569136,524188,350(2,464)
Net increase in short-term borrowings NA0010,0005,000
Proceeds from long-term borrowings 14,50093,000121,000140,000105,000
Repayment of long-term borrowings (4,500)(38,000)(106,000)(140,000)(105,000)
Repayment of other borrowed money NA00(5,000)(2,500)
Increase in advances from borrowers for taxes and insurance 66820(147)(106)1,595
Proceeds from issuance of subordinated debt NA0024,2640
Net Cash Provided by Financing Activities (60,975)107,589151,377217,5081,631
Net Increase (Decrease) in Cash and Cash Equivalents (4,500)21,07656,49920,374(69,755)
Cash and Cash Equivalent - Beginning 23,68719,18740,26396,762117,136
Cash and Cash Equivalent - Ending 19,18740,26396,762117,13647,381
Supplementary Cash Flows Information 
Interest paid 5,0615,0016,7019,1799,086
Income taxes paid 17001301,871
Non-cash transfer of loans to other real estate owned 94430800NA
Transfer from investment securities available-for-sale to investment securities held-to-maturity 057,52300NA
Non-cash proceeds from death benefit on BOLI 01,03900NA

Data shown on this page is extracted directly from the company’s documents. SNL 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, SNL, as always, stands by its commitment to the quality of the data.

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