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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 8,388 $ 7,726
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 550 775
Depreciation and amortization 709 749
Net amortization of securities 538 756
Available for sale security loss 34 0
Realized and unrealized (gains) loss on equity securities (44) (18)
Loss on land and building sales, net 8 0
Stock compensation expense 320 397
(Gain) loss on adjustment of other real estate owned 60 (30)
Earnings on bank owned life insurance (214) (222)
Origination of loans held for sale (10,695) (9,226)
Proceeds from loans held for sale 10,243 9,586
Net gains on sale of loans (671) (487)
Net change in other assets and liabilities (3,993) (28)
NET CASH FROM OPERATING ACTIVITIES 5,233 9,978
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and repayments of securities available for sale 5,635 12,968
Proceeds from sales of securities available for sale 9,646 0
Purchases of securities available for sale (10,153) (13,692)
Proceeds from sales of equity securities 121 262
Purchase of equity securities (351) (643)
Proceeds from redemption of restricted stock 8 0
Purchase of restricted stock 0 (643)
Loan originations and payments, net (8,444) (22,521)
Proceeds from sale of other real estate owned 0 165
Proceeds from land and building sales 62 0
Additions to premises and equipment (466) (89)
NET CASH FROM INVESTING ACTIVITIES (3,942) (24,193)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 154,613 32,440
Net change in short-term borrowings (141,261) (21,553)
Repayment of long-term borrowings (195) (202)
Cash dividends paid (2,500) (1,935)
Repurchase of common shares (202) 0
NET CASH FROM FINANCING ACTIVITIES 10,455 8,750
NET CHANGE IN CASH AND CASH EQUIVALENTS 11,746 (5,465)
Beginning cash and cash equivalents 57,926 57,614
Ending cash and cash equivalents 69,672 52,149
Supplemental cash flow information:    
Interest paid 4,536 2,306
Supplemental noncash disclosures:    
Transfer of loans to other real estate 268 23
Security purchases not settled 1,426 300
Issuance of stock awards $ 0 $ 706