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 Q3 YTD 9/30/2018 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 Q3 YTD 9/30/2018 USD

Operating Activities

Net income 2,651 3,224 3,580 3,546 3,691

Items not requiring (providing) cash

Accretion of premiums and discounts on securities, net 3 1 (1) (1) 80
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
Depreciation and amortization 960 934 819 918 712
Amortization of intangible assets 119 66 NA NA NA
Expense related to share based compensation plans 163 164 147 163 205
Expense related to ESOP 191 196 231 280 210
Provision for loan losses 888 553 301 100 201
Provision for losses on foreclosed real estate 98 60 6 20 NA
Increase in value of bank-owned life insurance (236) (763) (313) (292) (220)
Gain on sale of loans (30) (42) (97) (98) (54)
Proceeds from sale of loans held for sale 1,560 2,412 4,548 4,522 2,621
Originations of loans held for sale (1,530) (2,370) (4,451) (4,424) (2,567)
(Gain) Loss on sale or write down of foreclosed assets (26) 12 4 24 (15)
Amortization of mortgage servicing rights 15 13 12 6 28
Deferred income taxes 120 (175) 82 545 NA
Net change in accrued interest receivable and other assets NA NA NA NA (886)
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 (67)
Net cash provided by operating activities 4,182 4,275 4,177 4,567 3,939

Investing Activities

Securities available for sale

Maturities, prepayments and calls 16,677 NA NA NA 0
Purchases (9,300) (56,997) (42,000) (12,248) (42,514)
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 sale of available-for-sale securities 562 355 NA NA NA
Net change in loans (7,343) (14,382) (27,468) (12,336) (25,138)
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
Purchases of premises and equipment (309) (1,310) (2,257) (782) (617)
Proceeds from sale of foreclosed assets 730 710 124 71 285
Net cash used in investing activities 2,122 (29,843) (35,004) (18,046) (67,984)

Financing Activities

Net change in deposits 12,040 941 15,181 47,163 48,365
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 4,314
Repayment of Federal Home Loan Bank advances (272) (189) (6,175) (40,833) NA
Net change in FHLB overnight borrowings NA NA NA NA 12,200
Repayments of long-term borrowings NA NA NA NA (83)
Cash dividends paid on common stock (1,773) (2,259) (2,540) (2,769) (2,156)
Treasury stock -net 39 19 NA NA NA
Net cash provided by financing activities 9,386 (895) 29,667 16,253 62,640
(Decrease) Increase in Cash and Cash Equivalents 15,690 (26,463) (1,160) 2,774 (1,405)
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 12,910

Supplemental Cash Flows Information

Interest paid on deposits and borrowings 2,476 2,271 1,796 1,807 2,046
Federal income taxes paid 1,280 1,180 1,133 1,575 665

Supplemental Disclosure of Non-Cash Investing and Financing Activities

Transfers from loans to foreclosed assets held for sale 261 0 111 149 280
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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