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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 5,310 $ 3,258
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums on securities available for sale 2,477 2,577
Depreciation and amortization 1,539 1,458
Provision for loan losses 100 0
Share-based compensation 666 499
Gain on sales of loans originated for sale (1,064) (1,164)
Mortgage loans originated for sale (44,710) (44,052)
Proceeds from sales of loans originated for sale 43,011 44,237
Net gain on disposal of OREO (10) (92)
Writedown of OREO 4 95
Net (gain) loss on disposal of premises and equipment (18) 46
Deferred income taxes 745 743
Investment securities gains (657) (1,420)
Earnings on cash surrender value of life insurance (539) (538)
Decrease in accrued interest receivable 205 86
Increase in accrued interest payable and other liabilities 589 684
Other, net (95) (1,045)
Net cash provided by operating activities 7,553 5,372
Cash flows from investing activities    
Proceeds from sales of available for sale securities 58,653 64,743
Maturities, repayments and calls of available for sale securities 13,824 13,258
Purchases of available for sale securities (64,531) 0
Net redemptions of restricted investments in bank stocks 898 2,940
Net increase in loans (51,835) (50,762)
Purchases of bank premises and equipment (1,498) (8,585)
Improvements to OREO (9) (39)
Proceeds from disposal of OREO 185 508
Proceeds from disposal of bank premises and equipment 83 0
Net cash provided by (used in) investing activities (44,230) 22,063
Cash flows from financing activities    
Net increase in deposits 43,484 55,802
Net increase (decrease) in short-term borrowings 2,698 (45,763)
Payments on long-term debt (172) (164)
Dividends paid (1,655) (1,410)
Acquisition of treasury stock 0 (631)
Issuance of treasury stock 61 40
Net cash provided by financing activities 44,416 7,874
Net increase in cash and cash equivalents 7,739 35,309
Cash and cash equivalents at beginning of period 30,273 28,340
Cash and cash equivalents at end of period 38,012 63,649
Supplemental disclosures of cash flow information:    
Interest 3,332 2,620
Income taxes 150 450
Supplemental schedule of noncash investing activities:    
OREO acquired in settlement of loans 720 414
Security purchases not yet settled $ 5,423 $ 0