XML 19 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 5,019 $ 5,565
Adjustments to reconcile net income to net cash provided by operations:    
Provision for loan losses 1,196 943
Depreciation and amortization of premises and equipment, core deposit intangible, and mortgage servicing rights 1,001 1,018
Amortization and accretion of securities premiums and discounts, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income (430) (800)
Net realized gains on sales of available-for-sale securities 0 (19)
Net realized and unrealized losses on trading securities 34 32
Proceeds from sale of trading securities 0 274
Purchase of trading securities (150) (303)
Gain on sale of loans (111) (81)
Net gains on dispositions of premises and equipment and foreclosed assets 9 18
Proceeds from sale of loans 3,782 1,899
Origination of loans held for sale (2,864) (2,622)
Income on bank owned life insurance (263) (276)
Stock-based compensation expense 240 157
Contribution of treasury stock 15 12
Changes in:    
Accrued interest receivable and other assets 1,275 2,855
Accrued interest payable and other liabilities (3,058) (3,424)
NET CASH PROVIDED BY OPERATING ACTIVITIES 5,695 5,248
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities, prepayments and calls of available-for-sale securities 12,039 25,021
Proceeds from sales of available-for-sale securities 0 32,949
Purchase of available-for-sale securities 0 (20,763)
Loan origination and payments, net (28,710) (96)
Redemption of FHLB and other equity interests 2,246 1,772
Purchase of premises and equipment (1,424) (1,435)
Proceeds from the sale of premises and equipment and foreclosed assets 85 4
NET CASH PROVIDED (USED IN) BY INVESTING ACTIVITIES (15,764) 37,452
Net change in:    
Checking, money market and savings accounts 69,719 (14,977)
Certificates of deposit 5,439 35,279
Purchase of treasury stock (23) (868)
Cash dividends paid (2,385) (2,384)
Repayment of long-term borrowings (4,998) (63)
Net change in short-term borrowings (59,367) (35,980)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 8,385 (18,993)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,684) 23,707
CASH AND CASH EQUIVALENTS, Beginning 27,261 27,928
CASH AND CASH EQUIVALENTS, Ending 25,577 51,635
Cash paid during the period for:    
Interest 3,070 3,034
Income taxes 86 38
SUPPLEMENTAL NONCASH DISCLOSURES:    
Transfers to other real estate owned 0 172
Grant of restricted stock awards from treasury stock $ 849 $ 821