As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q1 YTD 3/31/2019 USD

Operating Activities

Net income 3,224 3,580 3,546 4,282 1,614

Items not requiring (providing) cash

Depreciation and amortization 934 819 918 974 250
Amortization of intangible assets 66 NA NA NA NA
Amortization of intangible asset NA NA NA NA 37
Premium amortization on securities NA NA NA NA 66
Provision for loan losses 553 301 100 297 90
Provision for losses on foreclosed real estate 60 6 20 70 NA
Amortization of premiums and discounts on securities-net 1 (1) (1) 135 NA
Gain on sale of available-for-sale securities (32) NA NA NA NA
Realized gains on sale of Great Lake Bankers Bank stock 0 (162) NA NA NA
Gain on sale of loans (42) (97) (98) (66) (4)
Amortization of ESOP 196 231 280 280 NA
Expense related to share based compensation programs NA NA NA NA 40
Increase in value of bank-owned life insurance (763) (313) (292) (389) 167
Amortization of mortgage servicing rights 13 12 6 42 0
Deferred income taxes (175) 82 545 375 NA
Originations of loans held for sale (2,370) (4,451) (4,424) (3,064) (215)
Proceeds from sale of loans held for sale 2,412 4,548 4,522 3,130 219
Loss on sale of foreclosed assets NA NA NA NA 0
Expense related to share-based compensation plans and ESOP 164 147 163 287 69
Loss on sale of real estate and other repossessed assets 12 4 24 27 NA
Net change in accrued interest receivable and other assets NA NA NA NA (807)
Accrued interest receivable 26 (37) (153) (660) NA
Other assets (864) (34) (1,627) 589 NA
Net change in accrued expenses and other liabilities 860 (458) 1,038 (554) (683)
Net cash provided by operating activities 4,275 4,177 4,567 5,755 843

Investing Activities

Purchase of available-for-sale securities (56,997) (42,000) (12,248) (78,117) (9,833)
Sale of available-for-sale securities 41,331 36,389 7,249 23,865 NA
Proceeds from maturities of held-to-maturity securities 450 NA NA NA NA
Proceeds from sale of available-for-sale securities 355 NA NA NA NA
Sale of interest-bearing time deposits NA NA 0 3,461 NA
Proceeds from maturity of available-for-sale securities NA NA NA NA 3,000
Net change in loans (14,382) (27,468) (12,336) (34,971) (4,258)
Proceeds from sale of Great Lake Bankers Bank stock 0 208 NA NA NA
Redemption of FHLB Stock NA NA NA NA 231
Purchases of premises and equipment (1,310) (2,257) (782) (785) (330)
Net cash received from acquisition of Powhatan Point Community Bancshares, Inc. NA NA 0 23,457 NA
Proceeds from sales of foreclosed assets 710 124 71 543 NA
Net cash used in investing activities (29,843) (35,004) (18,046) (62,547) (11,190)

Financing Activities

Net change in deposits 941 15,181 47,163 83,884 13,488
Proceeds of Federal Home Loan Bank advances NA 19,500 11,000 0 NA
Net change in securities sold under repurchase agreements 593 3,701 1,692 (3,017) 5,373
Repayment of Federal Home Loan Bank advances (189) (6,175) (40,833) (9,916) (26)
Treasury Stock NA NA NA NA (267)
Cash dividends paid (2,259) (2,540) (2,769) (3,221) (782)
Treasury stock -net 19 NA NA NA NA
Net cash provided by financing activities (895) 29,667 16,253 67,730 17,786
Increase in Cash and Cash Equivalents (26,463) (1,160) 2,774 10,938 7,439
Cash and Cash Equivalents, Beginning of Period 39,164 12,701 11,541 14,315 25,253
Cash and Cash Equivalents, End of Period 12,701 11,541 14,315 25,253 32,692

Supplemental Cash Flows Information

Interest paid on deposits and borrowings 2,271 1,796 1,807 3,285 1,218
Federal income taxes paid 1,180 1,133 1,575 715 NA
Purchases of available-for-sale securities not settled NA NA NA NA 5,465

Supplemental Disclosure of Non-Cash Investing Activities

Transfers from loans to foreclosed assets held for sale 0 111 149 280 NA
Vesting of restricted stock 39 NA NA NA NA
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