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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 11,653 $ 8,084
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums on securities available for sale 1,356 3,388
Depreciation and amortization 2,572 2,382
Provision for loan losses 600 200
Share-based compensation 1,112 1,048
Gain on sales of loans originated for sale (1,687) (1,751)
Mortgage loans originated for sale (71,008) (75,484)
Proceeds from sales of loans originated for sale 73,679 71,409
Gain on sale of portfolio loans (291) (32)
Net gain on disposal of OREO (111) (11)
Writedown of OREO 24 4
Net (gain) loss on disposal of premises and equipment 16 (18)
Deferred income taxes 756 229
Investment securities gains (891) (1,190)
Income from life insurance (1,101) (814)
(Increase) decrease in accrued interest receivable (345) 420
Increase in accrued interest payable and other liabilities (46) 1,835
Other, net (1,158) (360)
Net cash provided by operating activities 15,130 9,339
Cash flows from investing activities    
Proceeds from sales of available for sale securities 113,180 162,319
Maturities, repayments and calls of available for sale securities 12,793 22,060
Purchases of available for sale securities (211,014) (203,719)
Net (purchases) redemptions of restricted investments in bank stocks 660 (1,499)
Net increase in loans (78,497) (101,203)
Proceeds from sales of portfolio loans 3,589 2,195
Purchases of bank premises and equipment (3,078) (2,372)
Improvements to OREO 0 (9)
Proceeds from disposal of OREO 1,260 237
Proceeds from disposal of bank premises and equipment 7 83
Purchases of bank owned life insurance (900) (600)
Death benefit proceeds from life insurance contracts 576 0
Net cash used in investing activities (161,424) (122,508)
Cash flows from financing activities    
Net increase in deposits 209,655 64,275
Net decrease in borrowings with original maturities less than 90 days (8,223) (36,293)
Proceeds from other short-term borrowings 0 70,000
Payments on other short-term borrowings (40,000) (30,000)
Proceeds from long-term debt 0 60,000
Payments on long-term debt (272) (20,260)
Dividends paid (3,166) (2,489)
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 161 137
Net cash provided by financing activities 157,504 105,370
Net increase (decrease) in cash and cash equivalents 11,210 (7,799)
Cash and cash equivalents at beginning of period 29,807 30,273
Cash and cash equivalents at end of period 41,017 22,474
Supplemental disclosures of cash flow information:    
Interest 8,991 5,335
Income taxes 60 1,108
Supplemental schedule of noncash investing activities:    
OREO acquired in settlement of loans $ 538 $ 1,007