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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Cash flows from operating activities      
Net income $ 3,102 $ 3,625  
Adjustments to reconcile net income to net cash provided by operating activities:      
Net premium amortization (discount accretion) 69 501  
Depreciation and amortization (including amortization of ROU assets) 1,079 869  
Provision for loan losses 400 200 $ 200
Share-based compensation 499 480  
Gain on sales of loans originated for sale (350) (513)  
Mortgage loans originated for sale (16,682) (18,091)  
Proceeds from sales of loans originated for sale 15,505 20,943  
Net (gain) loss on disposal of premises and equipment 130 (5)  
Deferred income taxes 211 269  
Investment securities gains (339) (816)  
Income from life insurance (342) (277)  
(Increase) decrease in accrued interest receivable (413) 146  
Increase in accrued interest payable and other liabilities (2,351) (41)  
Other, net (89) (2,331)  
Net cash provided by operating activities 429 4,959  
Cash flows from investing activities      
Proceeds from sales of AFS securities 59,464 62,577  
Maturities, repayments and calls of AFS securities 6,306 3,111  
Purchases of AFS securities (85,324) (111,300)  
Net (purchases) redemptions of restricted investments in bank stocks 550 (2,125)  
Net increase in loans (17,974) (34,552)  
Purchases of bank premises and equipment (689) (245)  
Proceeds from disposal of bank premises and equipment 0 7  
Purchases of bank owned life insurance 0 (900)  
Net cash used in investing activities (37,667) (83,427)  
Cash flows from financing activities      
Net increase in deposits 61,931 79,999  
Net increase (decrease) in borrowings with original maturities less than 90 days (29,490) 40,155  
Payments on other short-term borrowings (25,000) (40,000)  
Proceeds from long-term debt 20,000 0  
Payments on long-term debt (94) (90)  
Subordinated note issuance costs (58) 0  
Dividends paid (1,413) (1,000)  
Treasury shares repurchased for employee taxes associated with restricted stock vesting (294) (307)  
Proceeds from issuance of stock for option exercises and employee stock purchase plan 58 76  
Net cash provided by financing activities 25,640 78,833  
Net increase (decrease) in cash and cash equivalents (11,598) 365  
Cash and cash equivalents at beginning of period 88,815 29,807 29,807
Cash and cash equivalents at end of period 77,217 30,172 $ 88,815
Supplemental disclosures of cash flow information:      
Interest 4,724 2,631  
Supplemental schedule of noncash investing activities:      
OREO acquired in settlement of loans 161 408  
ROU asset obtained in exchange for lease obligations $ 8,115 $ 0