As Reported Financial Statements
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As Reported Financials

Document Name As Of Date Currency Code (in units) 2015 Y FIN SUPP 12/31/2015 USD 2016 Y FIN SUPP 12/31/2016 USD 2017 Y FIN SUPP 12/31/2017 USD 2018 Y FIN SUPP 12/31/2018 USD
Document Name As Of Date Currency Code 2015 Y FIN SUPP 12/31/2015 USD 2016 Y FIN SUPP 12/31/2016 USD 2017 Y FIN SUPP 12/31/2017 USD 2018 Y FIN SUPP 12/31/2018 USD

Operating Activities

Net income 3,829,278 3,594,448 3,412,742 4,166,857

Items not requiring (providing) cash

Depreciation and amortization 969,061 961,358 799,222 1,003,234
Provision (credit) for loan losses NA 0 (600,000) 175,000
Deferred income tax expense 135,835 146,443 153,336 27,744
Net (gain) loss on sale of
Foreclosed real estate and repossessed assets 20,563 23,105 (548) 8,153
Premises and equipment 0 8,997 47 0
Loans held for sale (827,938) (1,083,130) (562,139) (1,045,103)
Securities available for sale (407,491) 0 6,931 162,879
Amortization of RRP 7,768 25,037 91,294 104,607
Originations of loans held for sale (29,087,373) (32,793,119) (21,374,290) (23,813,510)
Proceeds from loans sold 30,040,311 33,767,249 20,981,129 25,469,813

Changes in

Other assets and other liabilities (428,561) (3,084,013) 576,487 (666,307)
Accrued interest receivable (42,549) (185,295) (85,151) (67,474)
Accrued expenses and other liabilities 225,646 3,333,117 (1,186,380) (1,362,999)
Net cash provided by operating activities 4,434,550 4,714,197 2,212,680 4,162,894

Investing Activities

Net change in interest-earning time deposits (3,399,124) 2,671,875 7,367,982 (1,721,000)
Purchases of available-for-sale securities (16,499,592) (24,147,797) (6,924,186) (23,881,812)
Purchases of held-to-maturity securities (1,288,000) (677,911) NA NA

Proceeds from maturities and principal payments of

Available-for-sale securities 13,739,297 17,072,911 9,744,456 8,665,545
Held-to-maturity securities 177,000 716,714 853,830 491,000
Proceeds from the sales of available-for-sale securities 13,108,924 0 5,214,189 9,016,303
Proceeds from FHLB stock redemption 668,800 NA NA NA
Purchase of FHLB stock 0 (269,400) (538,200) (47,500)
Purchases of loans (7,569,972) (4,500,000) (6,453,563) (6,900,000)
Proceeds from sale of participation loans 1,403,409 3,375,352 1,810,653 6,243,769
Net change in loans (7,497,657) (13,476,315) (23,260,191) (14,717,360)
Proceeds from sale of foreclosed real estate and repossessed assets 129,017 83,943 221,070 213,847
Expenditures for premises and equipment (161,486) (1,517,618) (355,985) (132,519)
Net cash used in investing activities (7,189,384) (20,668,246) (12,319,945) (22,769,727)

Financing Activities

Net change in deposits (3,627,277) 8,876,339 (6,252,876) 21,211,911
Proceeds from FHLB advances 44,680,000 45,500,000 70,000,000 42,000,000
Repayment of FHLB advances (34,680,000) (42,000,000) (58,000,000) (42,500,000)
Net change in other borrowed funds (565,474) (195,727) 6,548,605 (935,092)
Purchase of treasury stock NA NA 0 (304,023)
Dividends paid (1,585,591) (1,640,563) (1,712,929) (2,088,631)
Net cash provided by financing activities 4,221,658 10,540,049 10,582,800 17,384,165
Net Change in Cash and Cash Equivalents 1,466,824 (5,414,000) 475,535 (1,222,668)
Cash and Cash Equivalents, Beginning of Year 10,985,617 12,452,441 7,038,441 7,513,976
Cash and Cash Equivalents, End of Year 12,452,441 7,038,441 7,513,976 6,291,308

Supplemental Cash Flows Information

Interest paid 1,296,503 1,681,041 2,100,286 3,134,946
Income taxes paid 1,330,000 1,275,000 1,165,000 615,000

Noncash Transactions

Transfer from loans to other real estate and repossessed assets 154,010 58,522 152,000 255,299
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.
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