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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income $ 4,700 $ 6,425
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums on securities available for sale 3,856 4,613
Depreciation and amortization 2,180 2,161
Provision for loan losses 250 (603)
Stock-based compensation 778 525
Gain on sales of loans originated for sale (2,197) (1,814)
Mortgage loans originated for sale (81,911) (66,140)
Proceeds from sales of loans originated for sale 85,585 66,640
Net gain on disposal of other real estate owned (88) (205)
Writedown of other real estate owned 152 21
Net loss on disposal of premises and equipment 46 0
Deferred income taxes (206) 1,554
Investment securities gains (1,420) (1,911)
Earnings on cash surrender value of life insurance (810) (731)
Decrease (increase) in accrued interest receivable 155 (440)
Increase (decrease) in accrued interest payable and other liabilities (9) 308
Other, net (720) (2,200)
Net cash provided by operating activities 10,341 8,203
Cash flows from investing activities    
Proceeds from sales of available for sale securities 64,742 65,598
Maturities, repayments and calls of available for sale securities 21,167 25,427
Purchases of available for sale securities (63,185) (109,268)
Net redemptions of restricted investments in bank stocks 2,105 1,244
Net increase in loans (65,927) (59,740)
Purchases of bank premises and equipment (12,412) (1,169)
Improvements to other real estate owned (39) 0
Proceeds from disposal of other real estate owned 577 1,310
Purchases of bank owned life insurance 0 (3,750)
Net cash used in investing activities (52,972) (80,348)
Cash flows from financing activities    
Net increase in deposits 101,165 98,274
Net (decrease) increase in short term borrowings (46,304) (31,911)
Proceeds from long-term debt 0 20,000
Payments on long-term debt (248) (10,237)
Dividends paid (2,156) (1,161)
Net proceeds from issuance of common stock 0 190
Acquisition of treasury stock (631) (147)
Issuance of treasury stock 106 0
Net cash provided by financing activities 51,932 75,008
Net increase in cash and cash equivalents 9,301 2,863
Cash and cash equivalents at beginning of period 28,340 31,409
Cash and cash equivalents at end of period 37,641 34,272
Supplemental disclosures of cash flow information:    
Interest 4,068 3,009
Income taxes 900 0
Supplemental schedule of noncash investing activities:    
Other real estate acquired in settlement of loans $ 611 $ 1,216