As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 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 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net income 9,869 11,474 12,482 12,972 9,652

Adjustments to reconcile net income to net cash flows from operating activities

Depreciation, amortization, and accretion 2,991 2,997 2,557 3,308 3,226
Provision for loan losses 930 1,366 913 215 962
Impact of Tax Cuts and Jobs Act on Accumulated Other Comprehensive Income NA 0 0 486 NA
Deferred income tax provision (benefit) 192 (58) 928 1,254 (111)
Increase in cash surrender value of bank owned life insurance (671) (625) (746) (760) (553)
Bank owned life insurance mortality benefits in excess of cash surrender value NA 0 0 (107) 0
Realized gain from equity securities NA NA NA NA (12)
Realized (gain) loss from sales of debt securities available-for-sale (149) (495) (1,082) (233) 8
Realized loss from sales of premises and equipment (128) (1) 33 113 41
Impairment charge recognized on premises and equipment NA NA NA NA 645
Realized loss from sales and impairment of other real estate owned and repossessed assets 85 378 534 3 0
Origination of mortgage loans for sale (7,480) (7,725) (11,217) (7,513) (6,478)
Realized gains from sales of loans (147) (343) (244) (166) (182)
Proceeds from sales of mortgage loans 7,552 7,809 11,353 7,588 6,576
Penalty for prepayment of long-term debt 0 0 251 0 NA
Compensation expense related to stock options 24 19 5 1 0
Compensation expense related to restricted stock 0 90 90 75 89
Changes in
Accrued income receivable 414 (160) (216) (4) (1,231)
Other assets 1,898 (3,302) (791) (269) (1,436)
Other liabilities 560 1,815 634 1,172 186
TOTAL ADJUSTMENTS 6,071 1,765 3,002 5,163 1,730
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES 15,940 13,239 15,484 18,135 11,382

CASH FLOWS FROM INVESTING ACTIVITIES

Proceeds from sales of equity securities NA NA NA NA 73
Proceeds from sales of debt securities available-for-sale 67,296 97,981 92,455 43,246 8,545
Proceeds from maturities and calls of debt securities, available-for-sale 36,716 29,700 84,529 25,012 12,237
Proceeds from maturities and calls of debt securities, held-to-maturity 4,688 3,515 6,640 14,057 3,377
Purchases of equity securities NA NA NA NA (1,100)
Purchases of debt securities, available-for-sale NA NA NA NA 0
Available-for-sale (92,180) (163,859) (124,934) (27,012) NA
Purchases of debt securities, held-to-maturity (11,090) (3,413) (25,010) (5,625) (2,485)
Proceeds from maturities of interest-bearing time deposits NA NA NA NA 3,477
Proceeds from redemption of Federal Reserve Bank stock 41 NA NA NA NA
Purchase of Federal Reserve Bank stock (743) (256) 0 0 (1,921)
Proceeds from sale of impaired loans 0 4,559 0 0 NA
Net increase (decrease) in loans (10,081) (42,530) (48,153) (29,692) (29,653)
Purchase of bank owned life insurance 0 0 (4,000) 0 NA
Proceeds from bank owned life insurance mortality benefits 3,633 0 0 189 0
Proceeds from sale of other real estate owned and repossessed assets 750 245 526 971 0
Additions to other real estate owned (45) (20) (182) 0 NA
Purchases of premises and equipment (1,052) (504) (9,450) (6,617) (497)
Proceeds from sale of premises and equipment 179 22 63 272 19
Net cash acquired from acquisition (9,114) 8,993 0 0 NA
Net cash received from acquisition of Columbus First Bancorp, Inc. NA NA NA NA 12,896
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES (11,002) (65,567) (27,516) 14,801 4,968

CASH FLOWS FROM FINANCING ACTIVITIES

Net increase in deposits (4,797) 41,822 23,745 (25,084) 40,772
Net decrease in short-term borrowings 7,339 20,742 4,653 4,960 (57,000)
Proceeds from long-term debt NA NA NA NA 6,000
Principal payments on long-term debt (745) (5,410) (5,349) (295) (6,167)
Penalty for prepayment of long-term debt 0 0 (251) 0 NA
Proceeds from issuance of common stock 58 66 52 41 43
Repurchase of stock warrants 0 0 (1,545) 0 NA
Proceeds from exercise of stock options 0 152 592 51 33
Excess tax benefit from exercise of stock options and vesting of restricted common stock 0 13 61 0 NA
Cash dividends paid on common stock (5,636) (5,915) (6,048) (6,088) (5,605)
NET CASH FLOWS USED IN FINANCING ACTIVITIES (3,781) 51,470 15,910 (26,415) (21,924)
NET CHANGE IN CASH AND CASH EQUIVALENTS 1,157 (858) 3,878 6,521 (5,574)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 14,688 15,845 14,987 18,865 25,386
CASH AND CASH EQUIVALENTS AT END OF PERIOD 15,845 14,987 18,865 25,386 19,812

SUPPLEMENTAL CASH FLOW INFORMATION

Interest paid 3,502 3,396 3,542 3,577 4,043
Income taxes paid 2,610 4,820 4,420 2,185 700

SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES

Transfer from loans to other real estate owned and repossessed assets 435 79 32 974 0
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.