As Reported Financials

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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

Cash Flows From Operating Activities

Net Income 6,832 8,569 10,717 12,430 9,664

Adjustments to reconcile net income to net cash provided by operating activities

Depreciation NA NA NA NA 896
Depreciation and amortization 1,401 1,309 1,205 1,244 NA
Amortization (accretion), net (75) (194) (476) (343) (130)
Securities amortization (accretion), net 975 1,133 1,041 850 581
Stock based compensation expense 133 153 163 175 168
Provision for loan losses 1,450 1,150 500 500 825
Securities losses (gains) available for sale gains, net (412) (287) (52) 65 (691)
Net change in trading assets, excluding proceeds from liquidation (161) (61) (114) 0 NA
Proceeds from liquidation of trading assets 0 0 5,706 0 NA
Net increase in cash surrender value of bank-owned life insurance NA 0 0 (198) (322)
Originations of loans held for sale (48,953) (62,275) (56,502) (62,616) (52,267)
Proceeds from sale of loans 50,593 64,273 57,722 64,204 49,307
Losses on sale of bank premises and equipment 0 0 (1,200) 9 0
Gain on sale of loans (1,488) (2,098) (1,727) (1,560) (1,069)
Gains on other real estate (5) (128) (33) (173) (74)
Write-downs of other real estate, net 252 187 20 0 38
Amortization of operating leases NA NA NA NA 103
Changes in
Interest receivable (73) (34) (236) (199) 122
Other assets (1,163) 1,624 806 (894) (369)
Interest payable (42) 33 146 55 135
Deferred taxes (17) (309) 415 165 (337)
Other liabilities (1,186) (151) 461 1,837 50
Net cash from operating activities 8,061 12,894 18,562 15,551 6,630

Cash Flows From Investing Activities

Acquisition of Madison Financial Corp., net 3,514 NA NA NA NA
Net change in interest bearing time deposits (615) (155) 3,199 (345) (200)
Purchases of securities available for sale (84,479) (145,232) (123,615) (73,504) (38,041)
Purchase of bank owned life insurance NA 0 0 (10,000) (7,500)
Proceeds from sales of securities available for sale 21,627 23,888 27,121 26,649 75,081
Proceeds from principal payments, maturities and calls securities available for sale 71,988 108,949 51,283 45,344 39,723
Net change in loans (12,211) (35,357) 5,700 (37,454) (46,663)
Purchases of bank premises and equipment (737) (462) (2,896) (2,063) (1,907)
Capitalized expenditures for other real estate 0 0 (47) (74) (135)
Proceeds from the sale of other real estate 5,848 4,199 1,377 2,022 267
Proceeds from sale of bank premises and equipment 7 4 2,102 0 NA
Net cash from (used in) investing activities 4,942 (44,166) (35,776) (49,425) 20,625

Cash Flows From Financing Activities

Net change in deposits 8,289 44,000 12,292 35,169 (21,241)
Net change in repurchase agreements (188) 2,359 (973) (11,823) (2,040)
Net change in short-term Federal Home Loan Bank advances (10,000) 0 8,400 3,200 (6,600)
Proceeds from long-term Federal Home Loan Bank advances 14,709 15,000 13,000 16,394 18,500
Repayment of long-term Federal Home Loan Bank advances (10,661) (10,333) (15,168) (17,874) (11,675)
Payments on note payable (206) (704) (769) (603) NA
Redemption of acquired preferred shares and unpaid dividends and interest (6,066) NA NA NA NA
Proceeds from issuance of common stock, including options and grants, including tax benefits 2 49 64 64 NA
Repayment of note payable 5,000 NA NA NA (722)
Proceeds from issuance of common stock NA NA NA NA 295
Purchase of common stock (31) (668) (263) 0 (1,544)
Dividends paid (2,972) (3,229) (3,447) (3,724) (3,039)
Net cash used in financing activities (2,124) 46,474 13,136 20,803 (28,066)
Net change in cash and cash equivalents 10,879 15,202 (4,078) (13,071) (811)
Cash and cash equivalents at beginning of period 17,169 28,048 43,250 39,172 26,101
Cash and cash equivalents at end of period 28,048 43,250 39,172 26,101 25,290

Supplemental disclosures of cash flow information Cash paid during the year for

Interest expense 4,033 4,393 4,868 6,747 6,608
Income taxes 200 800 2,400 2,085 750

Supplemental disclosures of non-cash investing activities

Securities transactions in process, payable NA NA NA NA 1,700
Real estate acquired through foreclosure 3,394 3,735 1,897 201 191
Issuance of common stock in exchange for net assets in acquisition, net of issuance costs 7,939 NA NA NA NA
Equity securities reclassified to other assets NA 0 0 264 NA
Transfer of premises and equipment to held for sale 0 969 0 0 NA
In conjunction with the adoption of ASU 2016-02,an operating lease asset and a related lease liability was recognized NA NA NA NA 6,373
Lease liability arising from obtaining right of use asset NA NA NA NA 2,669
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.