XML 23 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,726 $ 5,783
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 775 1,050
Depreciation and amortization 749 879
Net amortization of securities 756 511
Security gains, including fair value changes for equity securities (18) (13)
Stock compensation expense 397 181
(Gain) loss on sale of other real estate owned (30) 33
Loss on fixed asset disposal 0 6
Earnings on bank owned life insurance (222) (201)
Origination of loans held for sale (9,226) (15,256)
Proceeds from loans held for sale 9,586 15,120
Net gains on sale of loans (487) (607)
Net change in other assets and liabilities (28) (1,285)
NET CASH FROM OPERATING ACTIVITIES 9,978 6,201
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and repayments of securities available for sale 12,968 14,301
Proceeds from sales of securities available for sale 262 43,263
Purchases of securities available for sale (14,335) (54,891)
Purchase of restricted stock (643) (391)
Loan originations and payments, net (22,521) (34,409)
Proceeds from sale of other real estate owned 165 131
Additions to premises and equipment (89) (405)
NET CASH FROM INVESTING ACTIVITIES (24,193) (32,401)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 32,440 15,464
Net change in short-term borrowings (21,553) 36,768
Repayment of long-term borrowings (202) (5,207)
Cash dividends paid (1,935) (1,352)
NET CASH FROM FINANCING ACTIVITIES 8,750 45,673
NET CHANGE IN CASH AND CASH EQUIVALENTS (5,465) 19,473
Beginning cash and cash equivalents 57,614 41,778
Ending cash and cash equivalents 52,149 61,251
Supplemental cash flow information:    
Interest paid 2,306 1,319
Supplemental noncash disclosures:    
Transfer of loans to other real estate 23 0
Security purchases not settled 300 9,886
Issuance of stock awards $ 706 $ 132