As-Reported Financials

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 7,619 8,784 11,065 11,638 8,615

Items not requiring (providing) cash

Depreciation and amortization 1,097 1,509 1,566 1,693 1,386
Provision for loan losses 1,100 750 400 600 500
Expense of share-based compensation plan 81 114 303 278 346
Amortization of premiums and discounts on securities 977 917 547 355 213
Amortization of intangible assets 201 13 11 10 6
Amortization of originated mortgage servicing rights 880 1,340 1,132 1,230 1,415
Deferred income taxes 1,519 738 (788) 324 NA
Impairment (recovery) of mortgage servicing rights NA NA NA NA 1,398
Proceeds from sale of loans held for sale 278,670 353,068 259,119 275,604 244,716
Originations of loans held for sale (276,252) (343,377) (253,840) (271,067) (249,061)
Gain from sale of loans (7,195) (9,151) (8,404) (8,100) (6,370)
Loss (gain) on sales of assets (18) (177) (6) (35) 5
Net change in foreclosed assets NA NA NA NA 6
Net gains on sales of securities 0 (262) (119) (70) (206)
Originated mortgage servicing rights impairment, net (116) (68) (77) 61 NA
Changes in
Interest receivable 86 (252) (313) (997) (354)
Other assets (1,616) (872) (1,760) (562) (5,598)
Interest payable & other liabilities 1,582 952 967 2,888 6,636
Net cash provided by operating activities 8,615 14,026 9,803 13,850 3,653

Investing Activities

Purchases of available-for-sale securities (26,261) (22,603) (29,849) (29,281) (8,840)
Proceeds from maturities of available-for-sale securities 20,328 17,534 22,016 18,042 17,237
Proceeds from sales of available-for-sale securities 0 3,212 14,488 2,185 7,375
Net change in loans (42,338) (88,027) (51,202) (76,503) (51,171)
Purchase of premises, equipment (7,199) (1,636) (3,714) (1,999) (2,047)
Proceeds from sales of premises, equipment 667 9 0 134 8
Proceeds from bank owned life insurance 0 0 665 0 NA
Purchase of bank owned life insurance 0 0 (3,000) 0 (50)
Purchase of Federal Home Loan Bank stock NA NA 0 (375) (525)
Purchase of Federal Reserve Stock NA NA NA NA 0
Proceeds from sale of foreclosed assets 111 784 1,067 210 146
Acquisition, net of cash acquired NA NA NA NA (2,600)
Net cash used in investing activities (54,692) (90,727) (49,529) (87,587) (40,467)

Financing Activities

Net increase in demand deposits, money market, interest checking & savings accounts 39,810 47,942 36,425 49,308 18,725
Net increase in certificates of deposit (4,263) 38,678 20,102 23,644 26,677
Net increase (decrease) in securities sold under agreements to repurchase (334) (1,874) 4,550 102 (525)
Proceeds from Federal Home Loan Bank advances 9,000 5,500 5,000 13,000 8,000
Repayment of Federal Home Loan Bank advances (4,000) (14,000) (13,000) (15,500) (8,000)
Net proceeds from share-based compensation plans 67 331 375 192 46
Stock repurchase plan (2) (1,168) (1,785) (109) (4,344)
Issuance of common shares NA NA 0 27,912 139
Dividends on common shares (983) (1,180) (1,362) (2,090) (1,723)
Dividends on preferred shares (956) (975) (975) (975) (720)
Net cash provided by financing activities 38,339 73,254 49,330 95,484 38,275
Increase in cash and cash equivalents (7,738) (3,447) 9,604 21,747 1,461
Cash and cash equivalents, beginning of year 28,197 20,459 17,012 26,616 48,363
Cash and cash equivalents, end of year 20,459 17,012 26,616 48,363 49,824

Supplemental cash flow information

Interest paid 2,583 3,054 3,910 5,895 6,483
Income taxes paid 2,060 3,969 3,105 1,870 4,230
Fair value of assets acquired - premises and equipment NA NA NA NA 1,161

Supplemental non-cash disclosure

Initial recognition of right-of-use lease assets NA NA NA NA 293
Transfer of loans to foreclosed assets 134 1,238 95 201 517
Transfer of loans to premises and equipment NA NA 0 670 NA
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