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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 9,737 $ 9,475
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 788 784
Amortization of deferred loan costs 362 284
Amortization of intangibles 602 600
Amortization of loss on investment tax credits 244 334
Provision for loan losses 2,400 1,500
Net gain on sale of other real estate owned (9) (110)
Loans originated for sale (10,709) (14,079)
Proceeds from sale of loans originated for sale 11,108 15,155
Net gain on sale of loans originated for sale (399) (469)
Net amortization of investment securities 1,997 2,054
Net gain on sale of investment securities (623) (832)
Life insurance investment income (395) (377)
Deferred income tax expense (benefit)   119
Stock based compensation 35 35
Net change in:    
Accrued interest receivable (156) 73
Other assets (1,654) (3,569)
Accrued interest payable (107) (131)
Other liabilities (804) (1,478)
Net cash provided by operating activities 12,417 9,368
Cash flows from investing activities:    
Proceeds from sales of investment securities available-for-sale 27,408 50,981
Proceeds from repayments of investment securities:    
Available-for-sale 23,013 28,253
Held-to-maturity 830 1,016
Purchases of investment securities:    
Available-for-sale (16,725) (61,162)
Net (purchase) redemption of restricted equity securities (1,475) 330
Net increase in lending activities (125,528) (22,571)
Investment in low income housing tax credits (2,050)  
Purchases of premises and equipment (2,141) (1,903)
Purchases of investment in life insurance (1,500)  
Proceeds from sale of other real estate owned 195 463
Net cash used in investing activities (97,973) (4,593)
Cash flows from financing activities:    
Net increase (decrease) in deposits 41,053 (791)
Repayment of long-term debt (1,122) (1,477)
Net increase (decrease) in short-term borrowings 47,975 6,303
Retirement of common stock (604)  
Cash dividends paid (4,586) (4,679)
Net cash provided by (used in) financing activities 82,716 (644)
Net increase (decrease) in cash and cash equivalents (2,840) 4,131
Cash and cash equivalents at beginning of year 32,917 31,426
Cash and cash equivalents at end of year 30,077 35,557
Cash paid during the period for:    
Interest 3,592 3,114
Income taxes 1,800 1,800
Noncash items:    
Transfers of loans to other real estate $ 761 $ 247