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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 5,783 $ 4,798
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 1,050 780
Depreciation and amortization 879 904
Net amortization of securities 511 530
Security gains (13) 0
Stock compensation expense 181 201
Loss on sale of other real estate owned 33 200
Loss on fixed asset disposal 6 0
Earnings on bank owned life insurance (201) (212)
Origination of loans held for sale (15,256) (12,885)
Proceeds from loans held for sale 15,120 14,568
Net gains on sale of loans (607) (402)
Net change in other assets and liabilities (1,285) (5,983)
NET CASH FROM OPERATING ACTIVITIES 6,201 2,499
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and repayments of securities available for sale 14,301 12,013
Proceeds from sales of securities available for sale 43,263 10
Purchases of securities available for sale (54,891) (1,977)
Purchase of restricted stock (391) 0
Loan originations and payments, net (34,409) (19,192)
Proceeds from sale of other real estate owned 131 375
Additions to premises and equipment (405) (281)
NET CASH FROM INVESTING ACTIVITIES (32,401) (9,052)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 15,464 36,835
Net change in short-term borrowings 36,768 (50,215)
Repayment of long-term borrowings (5,207) (216)
Cash dividends paid (1,352) (1,078)
Repurchase of common shares 0 (168)
NET CASH FROM FINANCING ACTIVITIES 45,673 (14,842)
NET CHANGE IN CASH AND CASH EQUIVALENTS 19,473 (21,395)
Beginning cash and cash equivalents 41,778 56,014
Ending cash and cash equivalents 61,251 34,619
Supplemental cash flow information:    
Interest paid 1,319 974
Income taxes paid 0 1,000
Supplemental noncash disclosures:    
Transfer of loans to other real estate 0 188
Security purchases not settled 9,886 0
Issuance of stock awards $ 132 $ 0