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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 15,809 $ 14,855
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 1,401 1,208
Amortization of deferred loan costs 662 575
Amortization of intangibles 785 899
Amortization of loss on investment tax credits 352 358
Provision for loan losses 3,600 3,600
Net gain on sale of other real estate owned (50) (25)
Loans originated for sale (16,927) (17,432)
Proceeds from sale of loans originated for sale 16,622 17,688
Net gain on sale of loans originated for sale (155) (616)
Net amortization of investment securities 2,130 2,826
Net gain on sale of investment securities available-for-sale   (623)
Net gain on sale of merchant services business (2,278)  
Life insurance investment income (577) (594)
Stock based compensation 122 53
Net change in:    
Accrued interest receivable 320 487
Other assets (1,780) (1,799)
Accrued interest payable 19 (126)
Other liabilities 2,665 (671)
Net cash provided by operating activities 22,720 20,663
Cash flows from investing activities:    
Proceeds from sales of investment securities available-for-sale   27,408
Proceeds from repayments of investment securities:    
Available-for-sale 44,489 42,277
Held-to-maturity 936 1,221
Purchases of investment securities:    
Available-for-sale (45,254) (36,462)
Net redemption (purchase) of restricted equity securities 710 (1,508)
Net increase in lending activities (101,320) (183,482)
Investment in low income housing investment tax credits   (2,045)
Purchases of premises and equipment (5,514) (6,100)
Purchase of investment in life insurance   (1,500)
Proceeds from the sale of merchant services business 2,300  
Proceeds from sale of other real estate owned 487 702
Net cash used in investing activities (103,166) (159,489)
Cash flows from financing activities:    
Net increase in deposits 99,098 110,000
Repayment of long-term debt (7,935) (1,669)
Net (decrease) increase in short-term borrowings (10,800) 36,975
Retirement of common stock   (604)
Cash dividends paid (6,952) (6,879)
Net cash provided by financing activities 73,411 137,823
Net increase (decrease) in cash and cash equivalents (7,035) (1,003)
Cash and cash equivalents at beginning of period 39,941 32,917
Cash and cash equivalents at end of period 32,906 31,914
Cash paid during the period for:    
Interest 6,238 5,436
Income taxes 4,100 3,900
Noncash items:    
Transfers of loans to other real estate $ 479 $ 761