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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 2,002 $ 2,580
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums on securities available for sale 1,314 1,372
Depreciation and amortization 895 741
Provision for loan losses 0 0
Share-based compensation 303 240
Gain on sales of loans originated for sale (393) (547)
Mortgage loans originated for sale (16,048) (18,041)
Proceeds from sales of loans originated for sale 15,647 20,839
Net gain on disposal of OREO (7) (55)
Writedown of OREO 3 51
Net (gain) loss on disposal of premises and equipment (41) 25
Deferred income taxes 365 728
Investment securities gains (3) (1,420)
Earnings on cash surrender value of life insurance (268) (268)
Decrease in accrued interest receivable 568 263
Decrease in accrued interest payable and other liabilities (56) (387)
Other, net (349) (1,037)
Net cash provided by operating activities 3,932 5,084
Cash flows from investing activities    
Proceeds from sales of available for sale securities 35,072 64,743
Maturities, repayments and calls of available for sale securities 6,322 6,816
Purchases of available for sale securities (64,535) 0
Net redemptions of restricted investments in bank stocks 546 2,450
Net increase in loans (18,738) (23,262)
Purchases of bank premises and equipment (667) (6,321)
Improvements to OREO 0 (35)
Proceeds from disposal of OREO 137 305
Proceeds from disposal of bank premises and equipment 83 0
Net cash provided by (used in) investing activities (41,780) 44,696
Cash flows from financing activities    
Net increase in deposits 31,424 16,209
Net increase (decrease) in short-term borrowings 25,550 (26,463)
Payments on long-term debt (20,086) (82)
Dividends paid (823) (664)
Acquisition of treasury stock 0 (245)
Issuance of treasury stock 61 40
Net cash provided by (used in) financing activities 36,126 (11,205)
Net increase (decrease) in cash and cash equivalents (1,722) 38,575
Cash and cash equivalents at beginning of period 30,273 28,340
Cash and cash equivalents at end of period 28,551 66,915
Supplemental disclosures of cash flow information:    
Interest 1,523 1,301
Supplemental schedule of noncash investing activities:    
OREO acquired in settlement of loans $ 691 $ 51