XML 25 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 9,638 $ 7,108 $ 5,051
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Provision for credit losses 1,848 2,075 3,350
Depreciation and amortization 2,449 2,434 2,312
Discount accretion on debt securities (22) (99) (60)
Stock-based compensation expense 334 283 87
Excess tax benefits from stock-based arrangements (27) (3)  
Deferred income tax expense 5,716 3,874 2,836
Gains on sales of securities (30)   (23)
Losses on disposals of premises and equipment   18 82
Losses on sales and write-downs of other real estate owned 363 171 687
Gain on sale of wholesale insurance subsidiary     (114)
Gain on sale of credit card portfolio (198)    
Net changes in:      
Accrued interest receivable (218) 205 (102)
Other assets (98) (870) 170
Accrued interest payables (32) (66) (53)
Other liabilities (728) (15) (1,044)
Net cash provided by operating activities 18,995 15,115 13,179
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from maturities and principal payments of investment securities available for sale 59,989 68,395 43,418
Proceeds from sales of investment securities available for sale 3,961   988
Proceeds from sales of investment securities held to maturity     113
Purchases of investment securities available for sale (18,120) (46,102) (133,006)
Proceeds from maturities and principal payments of investment securities held to maturity 376 432 443
Purchases of securities held to maturity (3,000)    
Proceeds from the sale of credit card portfolio 1,428    
Net change in loans (81,369) (88,595) (3,982)
Purchases of premises and equipment (699) (1,518) (2,077)
Proceeds from sales of other real estate owned 3,700 2,040 1,697
Proceeds from sale of subsidiary     2,878
Net cash (used in) provided investing activities (33,734) (65,348) (89,528)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Noninterest-bearing deposits 31,890 35,872 21,017
Interest-bearing deposits (9,864) (9,412) (5,482)
Short-term borrowings (3,469) 1,864 (5,332)
Proceeds from the issuance of common stock 53   31,279
Excess tax benefits from stock-based arrangements 27 3  
Common stock dividends paid (1,771) (506)  
Net cash used in financing activities 16,866 27,821 41,482
NET DECREASE IN CASH AND CASH EQUIVALENTS 2,127 (22,412) (34,867)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 73,811 96,223 131,090
CASH AND CASH EQUIVALENTS AT END OF YEAR 75,938 73,811 96,223
Supplemental cash flows information:      
Interest paid 2,434 3,413 4,300
Income taxes paid 435 518 243
Transfers from loans to other real estate owned 2,289 2,773 2,295
Transfers from loans held for sale to loans     3,521
Change in unrealized (gain) loss on securities available for sale $ (1,664) $ 119 $ (529)