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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 7,637 $ 5,310
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums on securities available for sale 947 2,477
Depreciation and amortization 1,721 1,539
Provision for loan losses 400 100
Share-based compensation 924 666
Gain on sales of loans originated for sale (1,066) (1,064)
Mortgage loans originated for sale (45,050) (44,710)
Proceeds from sales of loans originated for sale 46,485 43,011
Net gain on disposal of OREO (106) (10)
Writedown of OREO 13 4
Net gain on disposal of premises and equipment (6) (18)
Deferred income taxes 518 745
Investment securities gains (862) (657)
Earnings on cash surrender value of life insurance (568) (539)
(Increase) decrease in accrued interest receivable (520) 205
Increase in accrued interest payable and other liabilities 5,218 589
Other, net (1,739) (95)
Net cash provided by operating activities 13,946 7,553
Cash flows from investing activities    
Proceeds from sales of available for sale securities 88,110 58,653
Maturities, repayments and calls of available for sale securities 7,059 13,824
Purchases of available for sale securities (132,373) (64,531)
Net (purchases) redemptions of restricted investments in bank stocks (2,700) 898
Net increase in loans (54,132) (51,835)
Purchases of bank premises and equipment (1,053) (1,498)
Improvements to OREO 0 (9)
Proceeds from disposal of OREO 1,028 185
Proceeds from disposal of bank premises and equipment 7 83
Purchases of bank owned life insurance (900) 0
Net cash used in investing activities (94,954) (44,230)
Cash flows from financing activities    
Net increase in deposits 106,351 43,484
Net increase (decrease) in borrowings with original maturities less than 90 days 10,263 (37,302)
Proceeds from other short-term borrowings 0 70,000
Payments on other short-term borrowings (40,000) (30,000)
Payments on long-term debt (180) (172)
Dividends paid (2,095) (1,655)
Treasury shares repurchased for employee taxes associated with restricted stock vesting (651) 0
Proceeds from issuance of stock for option exercises and employee stock purchase plan 95 61
Net cash provided by financing activities 73,783 44,416
Net increase (decrease) in cash and cash equivalents (7,225) 7,739
Cash and cash equivalents at beginning of period 29,807 30,273
Cash and cash equivalents at end of period 22,582 38,012
Supplemental disclosures of cash flow information:    
Interest 5,562 3,332
Income taxes 60 150
Supplemental schedule of noncash investing activities:    
OREO acquired in settlement of loans 408 720
Security purchases not yet settled $ 4,002 $ 5,423