As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD

Operating Activities

Net income 2,651 3,224 3,580 3,546

Items not requiring (providing) cash

Depreciation and amortization 960 934 819 918
Amortization of intangible assets 119 66 NA NA
Provision for loan losses 888 553 301 100
Provision for losses on foreclosed real estate 98 60 6 20
Amortization of premiums and discounts on securities-net 3 1 (1) (1)
Gain on sale of available-for-sale securities (27) (32) NA NA
Realized gains on sale of Great Lake Bankers Bank stock NA 0 (162) 0
Amortization of mortgage servicing rights 15 13 12 6
Deferred income taxes 120 (175) 82 545
Originations of loans held for sale (1,530) (2,370) (4,451) (4,424)
Proceeds from sale of loans held for sale 1,560 2,412 4,548 4,522
Net gains on sales of loans (30) (42) (97) (98)
Amortization of ESOP 191 196 231 280
Expense related to share-based compensation plans 163 164 147 163
Loss on sale of real estate and other repossessed assets (26) 12 4 24
Increase in cash surrender value of bank-owned life insurance (236) (763) (313) (292)

Changes in

Accrued interest receivable 193 26 (37) (153)
Other assets (937) (864) (34) (1,627)
Interest payable and other liabilities 7 860 (458) 1,038
Net cash provided by operating activities 4,182 4,275 4,177 4,567

Investing Activities

Purchases of available-for-sale securities (9,300) (56,997) (42,000) (12,248)
Proceeds from sale of available-for-sale securities 562 355 NA NA
Proceeds from maturities of available-for-sale securities NA 41,331 36,389 7,249
Maturities, prepayments and calls 16,677 NA NA NA
Proceeds from maturity of held-to-maturity securities 505 450 NA NA
Net change in loans (7,343) (14,382) (27,468) (12,336)
Mandatory redemption of Federal Home Loan Bank stock 600 NA NA NA
Proceeds from sale of Great Lake Bankers Bank stock NA 0 208 0
Purchases of premises and equipment (309) (1,310) (2,257) (782)
Proceeds from sales of foreclosed assets 730 710 124 71
Net cash used in investing activities 2,122 (29,843) (35,004) (18,046)

Financing Activities

Net increase in deposits 12,040 941 15,181 47,163
Proceeds of Federal Home Loan Bank advances NA NA 19,500 11,000
Repayments of Federal Home Loan Bank advances (272) (189) (6,175) (40,833)
Net change in securities sold under repurchase agreements (648) 593 3,701 1,692
Cash dividends paid (1,773) (2,259) (2,540) (2,769)
Treasury stock -net 39 19 NA NA
Net cash provided by (used in) financing activities 9,386 (895) 29,667 16,253
Increase (decrease) in Cash and Cash Equivalents 15,690 (26,463) (1,160) 2,774
Cash and Cash Equivalents, Beginning of Year 23,474 39,164 12,701 11,541
Cash and Cash Equivalents, End of Year 39,164 12,701 11,541 14,315

Supplemental Cash Flows Information

Interest paid on deposits and borrowings 2,476 2,271 1,796 1,807
Federal income taxes paid 1,280 1,180 1,133 1,575

Supplemental Disclosure of Non-Cash Investing Activities

Transfers from loans to foreclosed assets held for sale 261 0 111 149
Vesting of restricted stock 203 39 NA NA
Unrealized (losses) gain on securities designated as available for sale, net of related tax effects 459 NA NA NA
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