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 2018 Q1 YTD 3/31/2018 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 2018 Q1 YTD 3/31/2018 USD

Operating Activities

Net income 2,651 3,224 3,580 3,546 1,148

Items not requiring (providing) cash

Depreciation and amortization 960 934 819 918 238
Amortization of intangible assets 119 66 NA NA NA
Premium amortization on securities NA NA NA NA 3
Provision for loan losses 888 553 301 100 57
Provision for losses on foreclosed real estate 98 60 6 20 NA
Amortization of premiums and discounts on securities-net 3 1 (1) (1) NA
Gain on sale of available-for-sale securities (27) (32) NA NA NA
Realized gains on sale of Great Lake Bankers Bank stock NA 0 (162) 0 NA
Gain on sale of loans (30) (42) (97) (98) (14)
Amortization of ESOP 191 196 231 280 NA
Increase in value of bank-owned life insurance (236) (763) (313) (292) (77)
Amortization of mortgage servicing rights 15 13 12 6 2
Deferred income taxes 120 (175) 82 545 NA
Originations of loans held for sale (1,530) (2,370) (4,451) (4,424) (1,208)
Proceeds from sale of loans held for sale 1,560 2,412 4,548 4,522 1,222
Loss on sale of foreclosed assets NA NA NA NA 13
Expense related to share-based compensation plans and ESOP 163 164 147 163 122
Loss on sale of real estate and other repossessed assets (26) 12 4 24 NA
Net change in accrued interest receivable and other assets NA NA NA NA (75)
Accrued interest receivable 193 26 (37) (153) NA
Other assets (937) (864) (34) (1,627) NA
Net change in accrued expenses and other liabilities 7 860 (458) 1,038 (567)
Net cash provided by operating activities 4,182 4,275 4,177 4,567 864

Investing Activities

Securities available for sale

Purchases (9,300) (56,997) (42,000) (12,248) (18,107)
Proceeds from sale of available-for-sale securities 562 355 NA NA NA
Proceeds from maturities of available-for-sale securities NA 41,331 36,389 7,249 NA
Proceeds from maturities of held-to-maturity securities 505 450 NA NA NA
Proceeds from maturity of held-to-maturity securities NA NA NA NA 0
Maturities, prepayments and calls 16,677 NA NA NA NA
Net change in loans (7,343) (14,382) (27,468) (12,336) (1,936)
Mandatory redemption of Federal Home Loan Bank stock 600 NA NA NA NA
Proceeds from sale of Great Lake Bankers Bank stock NA 0 208 0 NA
Proceeds from sale of foreclosed and fixed assets 730 710 124 71 0
Purchases of premises and equipment (309) (1,310) (2,257) (782) (413)
Net cash provided by (used in) investing activities 2,122 (29,843) (35,004) (18,046) (20,456)

Financing Activities

Net change in deposits 12,040 941 15,181 47,163 18,097
Proceeds of Federal Home Loan Bank advances NA NA 19,500 11,000 NA
Net change in securities sold under repurchase agreements (648) 593 3,701 1,692 4,498
Repayment of Federal Home Loan Bank advances (272) (189) (6,175) (40,833) (1,827)
Cash dividends paid (1,773) (2,259) (2,540) (2,769) (721)
Treasury stock -net 39 19 NA NA NA
Net cash provided by financing activities 9,386 (895) 29,667 16,253 20,048
Increase in Cash and Cash Equivalents 15,690 (26,463) (1,160) 2,774 456
Cash and Cash Equivalents, Beginning of Period 23,474 39,164 12,701 11,541 14,315
Cash and Cash Equivalents, End of Period 39,164 12,701 11,541 14,315 14,771

Supplemental Cash Flows Information

Interest paid on deposits and borrowings 2,476 2,271 1,796 1,807 517
Federal income taxes paid 1,280 1,180 1,133 1,575 NA

Supplemental Disclosure of Non-Cash Investing Activities

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