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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income $ 3,258 $ 3,964
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums on securities available for sale 2,577 3,027
Depreciation and amortization 1,458 1,463
Provision for loan losses 0 0
Stock-based compensation 499 291
Gain on sales of loans originated for sale (1,164) (1,099)
Mortgage loans originated for sale (44,052) (41,052)
Proceeds from sales of loans originated for sale 44,237 40,987
Net gain on disposal of other real estate owned (92) (173)
Writedown of other real estate owned 95 0
Net loss on disposal of premises and equipment 46 0
Deferred income taxes 743 987
Investment securities gains (1,420) (1,882)
Earnings on cash surrender value of life insurance (538) (462)
Decrease (increase) in accrued interest receivable 86 (262)
Increase (decrease) in accrued interest payable and other liabilities 684 (184)
Other, net (1,045) (688)
Net cash provided by operating activities 5,372 4,917
Cash flows from investing activities    
Proceeds from sales of available for sale securities 64,743 60,594
Maturities, repayments and calls of available for sale securities 13,258 16,712
Purchases of available for sale securities 0 (79,965)
Net (investment) redemptions of restricted investments in bank stocks 2,940 (849)
Net increase in loans (50,762) (48,288)
Purchases of bank premises and equipment (8,585) (683)
Improvements to other real estate owned (39) 0
Proceeds from disposal of other real estate owned 508 847
Net cash provided by (used in) investing activities 22,063 (51,632)
Cash flows from financing activities    
Net increase in deposits 55,802 13,150
Net (decrease) increase in short term borrowings (45,763) 16,534
Proceeds from long-term debt 0 20,000
Payments on long-term debt (164) (10,157)
Dividends paid (1,410) (579)
Net proceeds from issuance of common stock 0 152
Acquisition of treasury stock (631) 0
Issuance of treasury stock 40 0
Net cash provided by financing activities 7,874 39,100
Net increase (decrease) in cash and cash equivalents 35,309 (7,615)
Cash and cash equivalents at beginning of period 28,340 31,409
Cash and cash equivalents at end of period 63,649 23,794
Supplemental disclosures of cash flow information:    
Interest 2,620 1,898
Income taxes 450 0
Supplemental schedule of noncash investing activities:    
Other real estate acquired in settlement of loans $ 414 $ 804