XML 23 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income $ 6,628 $ 7,874 $ 29,142
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of premiums on securities available for sale 5,295 6,033 6,429
Depreciation and amortization 2,951 2,907 2,838
Provision for loan losses 250 (603) (3,900)
Share-based compensation 958 740 190
Net change in loans held for sale 3,149 (2,758) (1,223)
Net gain on disposal of other real estate owned (182) (234) (299)
Writedown of other real estate owned 183 45 170
Net loss on disposal of premises and equipment 147 0 41
Deferred income taxes, including valuation allowance (232) 797 (16,223)
Investment securities gains (1,420) (1,924) (1,935)
Earnings on cash surrender value of life insurance (1,099) (1,025) (950)
(Increase) decrease in accrued interest receivable (827) (748) 303
Increase in accrued interest payable and other liabilities 561 2,017 1,046
Other, net (775) (963) 1,629
Net cash provided by operating activities 15,587 12,158 17,258
Cash flows from investing activities      
Proceeds from sales of available for sale securities 64,742 65,611 169,573
Maturities, repayments and calls of available for sale securities 30,192 32,251 41,520
Purchases of available for sale securities (108,448) (120,475) (175,014)
Net (purchases) redemptions of restricted investments in bank stocks 750 (370) 1,571
Net increase in loans (108,509) (78,776) (44,222)
Proceeds from sales of portfolio loans 5,100 0 5,743
Investment in limited partnerships 0 (2,205) 0
Purchases of bank premises and equipment (13,369) (1,471) (859)
Proceeds from disposal of other real estate owned 1,090 1,839 2,415
Purchases of bank owned life insurance 0 (3,750) 0
Other (439) 0 0
Net cash provided by (used in) investing activities (128,891) (107,346) 727
Cash flows from financing activities      
Net increase (decrease) in deposits 120,285 82,463 (50,686)
Net increase (decrease) in short-term borrowings (1,292) 2,414 27,710
Proceeds from long-term debt 0 20,000 10,000
Payments on long-term debt (332) (10,317) (11,265)
Dividends paid (2,898) (1,822) 0
Net proceeds from issuance of common stock 105 190 105
Acquisition of treasury stock (631) (809) 0
Net cash provided by (used in) financing activities 115,237 92,119 (24,136)
Net increase (decrease) in cash and cash equivalents 1,933 (3,069) (6,151)
Cash and cash equivalents at beginning of year 28,340 31,409 37,560
Cash and cash equivalents at end of year 30,273 28,340 31,409
Cash paid during the year for:      
Interest 5,346 4,208 4,219
Income taxes 1,300 800 0
Supplemental schedule of noncash investing and financing activities:      
Other real estate acquired in settlement of loans $ 688 $ 1,428 $ 2,231