| | 2009 Y | 2010 Y | 2011 Y | 2012 Y | | Source Document | 12/31/2011 | 12/31/2012 | 12/31/2012 | 12/31/2012 | | Currency Code | USD | USD | USD | USD | | (in thousands) | | | | | | | | | | | |
| Net income | 351 | 687 | 1,063 | 1,338 | | Adjustments to reconcile net income to net cash provided by operating activities | | Depreciation of bank premises and equipment | 514 | 522 | 544 | 492 | | Accretion of unearned fees, net | (67) | 30 | 13 | 11 | | Net amortization of premiums and discounts on securities | 51 | 56 | 65 | 65 | | Provision for loan losses | 1,530 | 1,878 | 2,227 | 1,168 | | Provision for deferred income taxes | (218) | (304) | 280 | 26 | | Net realized gain on securities | (33) | NA | NA | NA | | Accrual of stock option vesting | 0 | 70 | 84 | 83 | | Increase in cash value of life insurance | NA | 0 | 0 | (17) | | Net decrease (increase) in | | Accrued interest receivable | 25 | 113 | 68 | 16 | | Prepaid FDIC insurance | (1,842) | 466 | 385 | 400 | | Other assets | 646 | 751 | (2,069) | 85 | | Net increase (decrease) in | | Accrued interest payable | (259) | (113) | (81) | (21) | | Other liabilities | 68 | (450) | 1,548 | 1 | | Net cash provided by operating activities | 766 | 3,706 | 4,127 | 3,647 | |
| Purchases of held-to-maturity securities | 0 | (5,672) | (1,550) | (1,516) | | Purchases of available-for-sale securities | (12,257) | (15,325) | (13,111) | (14,005) | | Proceeds from maturities and calls of held-to-maturity securities | 1,464 | 2,250 | 0 | 500 | | Proceeds from maturities and calls of available-for-sale securities | 2,835 | 11,909 | 16,297 | 17,429 | | Proceeds from paydowns and maturities of available-for-sale mortgage-backed securities | 928 | 300 | 334 | 205 | | Proceeds from sales of available-for-sale mortgage-backed securities | 892 | NA | NA | NA | | Sale of Federal Home Loan Bank stock | 149 | 0 | 51 | 15 | | Purchase of Federal Reserve Stock | (30) | (30) | (2) | (3) | | Collections on loan participations | 382 | NA | NA | NA | | Net increase in loans made to customers | 11,362 | (1,199) | (4,422) | (9,349) | | Purchases of bank premises and equipment | (1,096) | (226) | (149) | (369) | | Puchase of bank owned life insurance | NA | 0 | 0 | (3,000) | | Net cash used in investing activities | 4,629 | (7,993) | (2,552) | (10,093) | |
| Net increase in demand, savings and NOW deposits | 20,158 | 13,407 | 16,805 | 13,189 | | Net decrease in time deposits | (5,272) | (8,572) | (13,366) | (8,426) | | Borrowing (repayments) of note payable to Federal Home Loan Bank | (5,000) | NA | NA | NA | | Borrowing under line of credit | 1,000 | NA | NA | NA | | Net proceeds from insurance company for branch rebuild | NA | 0 | 0 | 101 | | Repayment of line of credit | NA | 0 | 0 | (100) | | Cash dividends paid | (147) | (75) | 0 | (75) | | Net cash provided by financing activities | 10,739 | 4,760 | 3,439 | 4,689 | | Net (decrease) increase in cash and cash equivalents | 16,134 | 473 | 5,014 | (1,757) | | Cash and cash equivalents, beginning of year | 15,926 | 32,060 | 32,533 | 37,547 | | Cash and cash equivalents, end of year | 32,060 | 32,533 | 37,547 | 35,790 | |
| Cash paid during the year for | | Income taxes | 0 | 300 | 1,039 | 489 | | Interest | 7,571 | 5,948 | 4,507 | 3,999 | |
| Transfer of (from) loans to repossessed properties | 73 | 152 | (82) | (127) | | Loans charged against the allowance for loan losses | 2,056 | 1,765 | 2,488 | 2,051 | | Unrealized gains (losses) on available-for-sale securities | 105 | (122) | 287 | 115 | | Defined benefit plan adjustment per ASC topic Compensation-Retirement Benefits | 1,000 | 56 | (1,319) | (424) |
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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