XML 20 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 8,717 $ 7,754
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 788 861
Amortization of core deposit intangible 46 46
Provision for loan losses 615 895
Net securities gains (3,135) (1,206)
Net amortization of bond premiums and discounts 1,273 1,302
Recognition of stock based compensation expense 845 191
Gains on sale of other real estate owned   (64)
Net income from bank owned life insurance (384) (270)
Net change in other assets (1,133) (30,306)
Net change in other liabilities (925) (891)
Net cash provided by (used in) operating activities 6,707 (21,688)
Cash flows from investing activities:    
Purchases of securities available for sale (110,269) (89,314)
Proceeds from maturities, calls and principal paydowns of mortgage-backed securities 48,472 54,257
Proceeds from sales of securities available for sale 44,656 20,428
Purchases of Bank Owned Life Insurance   15,000
Net increase in Federal Home Loan Bank stock (5,234) (2,239)
Net increase in total loans originated (9,319) (42,550)
Purchases of loans (49,796) (22,435)
Proceeds from sale of other real estate owned   110
Capital expenditures (3,065) (1,313)
Net cash used in investing activities (84,555) (68,056)
Cash flows from financing activities:    
Net increase in deposits 47,029 32,067
Net (decrease) increase in securities sold under repurchase agreements and fed funds purchased (6,431) 11,654
Proceeds from Federal Home Loan Bank advances 63,750 66,493
Repayments of Federal Home Loan Bank advances (7,008) (11,003)
Purchases of Treasury Stock (481) (8)
Proceeds from stock option exercises, including excess tax benefits 355 731
Payments of dividends (3,219) (2,952)
Net cash provided by financing activities 93,995 96,982
Net increase in cash and cash equivalents 16,147 7,238
Cash and cash equivalents at beginning of period 9,720 9,800
Cash and cash equivalents at end of period 25,867 17,038
Supplemental disclosures of cash flow information:    
Interest 5,766 5,146
Income taxes 3,926 2,495
Schedule of noncash investing activities:    
Transfers from loans to other real estate owned
Restricted stock grants $ 312 $ 64