As Reported Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Operating Activities

Net income 3,224 3,580 3,546 4,282 5,041

Items not requiring (providing) cash

Accretion of premiums and discounts on securities, net 1 (1) (1) 135 232
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
Amortization of intangible asset NA NA NA NA 113
Depreciation and amortization 934 819 918 974 781
Amortization of intangible assets 66 NA NA NA NA
Expense related to share based compensation plans 164 147 163 287 206
Expense related to ESOP 196 231 280 280 204
Provision for loan losses 553 301 100 297 330
Provision for losses on foreclosed real estate 60 6 20 70 NA
Increase (decrease) in value of bank-owned life insurance (763) (313) (292) (389) (230)
Gain on sale of loans (42) (97) (98) (66) (38)
Proceeds from sale of loans held for sale 2,412 4,548 4,522 3,130 1,285
Originations of loans held for sale (2,370) (4,451) (4,424) (3,064) (1,247)
Loss on sale or write down of foreclosed assets 12 4 24 27 5
Amortization of mortgage servicing rights 13 12 6 42 0
Deferred income taxes (175) 82 545 375 0
Net change in accrued interest receivable and other assets NA NA NA NA (1,971)
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) 1,516
Net cash provided by operating activities 4,275 4,177 4,567 5,755 6,227

Investing Activities

Securities available for sale

Maturities, prepayments and calls NA NA NA NA 24,250
Purchases (56,997) (42,000) (12,248) (78,117) (89,645)
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
Net change in loans (14,382) (27,468) (12,336) (34,971) (11,825)
Proceeds from sale of Great Lake Bankers Bank stock 0 208 NA NA NA
Mandatory redemption of Federal Home Loan Bank Stock NA NA NA NA 230
Purchase of Bank Owned Life insurance NA NA NA NA (4,000)
Bank Owned Life Insurance return of principal NA NA NA NA 247
Purchases of premises and equipment (1,310) (2,257) (782) (785) (1,152)
Net cash received from acquisition of Powhatan Point Community Bancshares, Inc. NA NA 0 23,457 NA
Proceeds from sale of foreclosed assets 710 124 71 543 86
Net cash used in investing activities (29,843) (35,004) (18,046) (62,547) (81,809)

Financing Activities

Net change in deposits 941 15,181 47,163 83,884 24,553
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) 1,834
Repayment of Federal Home Loan Bank advances (189) (6,175) (40,833) (9,916) NA
Net change in FHLB overnight borrowings NA NA NA NA 20,800
Proceeds from issuance of subordinated debentures, net of origination fees NA NA NA NA 19,404
Repayments of long-term borrowings NA NA NA NA (106)
Repurchase of common stock NA NA NA NA (416)
Cash dividends paid on common stock (2,259) (2,540) (2,769) (3,221) (2,393)
Treasury stock -net 19 NA NA NA NA
Net cash provided by financing activities (895) 29,667 16,253 67,730 63,676
Decrease in Cash and Cash Equivalents (26,463) (1,160) 2,774 10,938 (11,906)
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 13,347

Supplemental Cash Flows Information

Interest paid on deposits and borrowings 2,271 1,796 1,807 3,285 4,419
Federal income taxes 1,180 1,133 1,575 715 0
Purchases of available-for-sale securities not settled NA NA NA NA 3,153

Supplemental Disclosure of Non-Cash Investing and Financing Activities

Transfers from loans to foreclosed assets held for sale 0 111 149 280 30
Vesting of restricted stock 39 NA NA NA NA
Data shown on this page is extracted directly from the company’s documents. S&P 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, S&P, as always, stands by its commitment to the quality of the data.