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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 8,084 $ 4,700
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums on securities available for sale 3,388 3,856
Depreciation and amortization 2,382 2,180
Provision for loan losses 200 250
Share-based compensation 1,048 778
Gain on sales of loans originated for sale (1,751) (2,197)
Mortgage loans originated for sale (75,484) (81,911)
Proceeds from sales of loans originated for sale 71,409 85,585
Gain on sale of portfolio loans (32) 0
Net gain on disposal of OREO (11) (88)
Writedown of OREO 4 152
Net (gain) loss on disposal of premises and equipment (18) 46
Deferred income taxes 229 (206)
Investment securities gains (1,190) (1,420)
Earnings on cash surrender value of life insurance (814) (810)
Decrease in accrued interest receivable 420 155
Increase (decrease) in accrued interest payable and other liabilities 1,835 (9)
Other, net (360) (720)
Net cash provided by operating activities 9,339 10,341
Cash flows from investing activities    
Proceeds from sales of available for sale securities 162,319 64,742
Maturities, repayments and calls of available for sale securities 22,060 21,167
Purchases of available for sale securities (203,719) (63,185)
Net (purchases) redemptions of restricted investments in bank stocks (1,499) 2,105
Net increase in loans (101,203) (65,927)
Proceeds from sales of portfolio loans 2,195 0
Purchases of bank premises and equipment (2,372) (12,412)
Improvements to OREO (9) (39)
Proceeds from disposal of OREO 237 577
Proceeds from disposal of bank premises and equipment 83 0
Purchases of bank owned life insurance (600) 0
Net cash used in investing activities (122,508) (52,972)
Cash flows from financing activities    
Net increase in deposits 64,275 101,165
Net increase (decrease) in short-term borrowings 3,707 (46,304)
Proceeds from long-term debt 60,000 0
Payments on long-term debt (20,260) (248)
Dividends paid (2,489) (2,156)
Acquisition of treasury stock 0 (631)
Issuance of treasury stock 137 106
Net cash provided by financing activities 105,370 51,932
Net increase (decrease) in cash and cash equivalents (7,799) 9,301
Cash and cash equivalents at beginning of period 30,273 28,340
Cash and cash equivalents at end of period 22,474 37,641
Supplemental disclosures of cash flow information:    
Interest 5,335 4,068
Income taxes 1,108 900
Supplemental schedule of noncash investing activities:    
OREO acquired in settlement of loans $ 1,007 $ 611