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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 3,625 $ 2,002
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums on securities available for sale 501 1,314
Depreciation and amortization 869 895
Provision for loan losses 200 0
Share-based compensation 480 303
Gain on sales of loans originated for sale (513) (393)
Mortgage loans originated for sale (18,091) (16,048)
Proceeds from sales of loans originated for sale 20,943 15,647
Net gain on disposal of OREO 0 (7)
Writedown of OREO 0 3
Net gain on disposal of premises and equipment (5) (41)
Deferred income taxes 269 365
Investment securities gains (816) (3)
Earnings on cash surrender value of life insurance (277) (268)
Decrease in accrued interest receivable 146 568
Decrease in accrued interest payable and other liabilities (41) (56)
Other, net (2,331) (349)
Net cash provided by operating activities 4,959 3,932
Cash flows from investing activities    
Proceeds from sales of available for sale securities 62,577 35,072
Maturities, repayments and calls of available for sale securities 3,111 6,322
Purchases of available for sale securities (111,300) (64,535)
Net (purchases) redemptions of restricted investments in bank stocks (2,125) 546
Net increase in loans (34,552) (18,738)
Purchases of bank premises and equipment (245) (667)
Proceeds from disposal of OREO 0 137
Proceeds from disposal of bank premises and equipment 7 83
Purchases of bank owned life insurance (900) 0
Net cash used in investing activities (83,427) (41,780)
Cash flows from financing activities    
Net increase in deposits 79,999 31,424
Net increase (decrease) in borrowings with original maturities less than 90 days 40,155 (44,450)
Proceeds from other short-term borrowings 0 70,000
Payments on other short-term borrowings (40,000) 0
Payments on long-term debt (90) (20,086)
Dividends paid (1,000) (823)
Treasury shares repurchased for employee taxes associated with restricted stock vesting (307) 0
Proceeds from issuance of treasury stock for option exercises and employee stock purchase plan 76 61
Net cash provided by financing activities 78,833 36,126
Net increase (decrease) in cash and cash equivalents 365 (1,722)
Cash and cash equivalents at beginning of period 29,807 30,273
Cash and cash equivalents at end of period 30,172 28,551
Supplemental disclosures of cash flow information:    
Interest 2,631 1,523
Supplemental schedule of noncash investing activities:    
OREO acquired in settlement of loans $ 408 $ 691