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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 8,639 $ 8,388
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 1,100 550
Depreciation and amortization 751 709
Net amortization of securities 488 538
Available for sale security (gain) loss (256) 34
Realized (gains) losses on equity securities 99 (44)
Loss on premises and equipment sales and disposals, net 77 8
Stock compensation expense 337 320
Loss on adjustment of other real estate owned 0 60
Earnings on bank owned life insurance (208) (214)
Origination of loans held for sale (31,012) (10,695)
Proceeds from loans held for sale 31,706 10,243
Net gains on sale of loans (1,366) (671)
Net change in other assets and liabilities (4,574) (3,993)
NET CASH FROM OPERATING ACTIVITIES 5,781 5,233
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and repayments of securities available for sale 9,622 5,635
Proceeds from sales of securities available for sale 15,126 9,646
Purchases of securities available for sale (25,224) (10,153)
Purchase of equity securities (423) (230)
Proceeds from redemption of restricted stock 255 8
Purchase of restricted stock (1,825) 0
Loan originations and payments, net 15,602 (8,444)
Proceeds from land and building sales 502 62
Additions to premises and equipment (2,279) (466)
Net cash paid in business combinations (8,136) 0
NET CASH FROM INVESTING ACTIVITIES 3,220 (3,942)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 54,062 154,613
Net change in short-term borrowings (32,052) (141,261)
Repayment of long-term borrowings (1,287) (195)
Cash dividends paid (3,139) (2,500)
Repurchase of common shares (14,238) (202)
NET CASH FROM FINANCING ACTIVITIES 3,346 10,455
NET CHANGE IN CASH AND CASH EQUIVALENTS 12,347 11,746
Beginning cash and cash equivalents 70,760 57,926
Ending cash and cash equivalents 83,107 69,672
Supplemental cash flow information:    
Interest paid 5,158 4,536
Supplemental noncash disclosures:    
Transfer of loans to other real estate 0 268
Security purchases not settled 0 1,426
Issuance of stock awards 22 0
Issuance of stock for business combinations $ 22,554 $ 0