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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 4,547 $ 4,192
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes, net (98) 648
Provision for loan and lease losses 525 684
Depreciation, amortization and accretion, net 355 (660)
Share-based compensation 296 234
Increase in cash surrender value of bank-owned life insurance (243) (234)
Origination of loans for sale (17,802) (15,499)
Sale of loans originated for sale 26,104 15,096
Gain (Loss) on Sale of Loans and Leases 1,521 653
Net gain on foreclosed properties, including impairment valuation 0 (16)
Excess tax benefit from share-based compensation (6) (74)
Increase in accrued interest receivable and other assets (657) (394)
Decrease in accrued interest payable and other liabilities (1,685) (562)
Net cash provided by operating activities 9,815 2,762
Investing activities    
Proceeds from maturities, redemptions and paydowns of available-for-sale securities 9,126 10,845
Proceeds from maturities, redemptions and paydowns of held-to-maturity securities 802 984
Purchases of available-for-sale securities (8,802) (8,636)
Proceeds from sale of foreclosed properties 0 143
Net increase in loans and leases (23,321) (14,413)
Distributions from limited partnerships 0 332
Investment in FHLB and FRB Stock (7) (458)
Proceeds from sale of FHLB Stock 116 0
Purchases of leasehold improvements and equipment, net (113) (119)
Net cash used in investing activities (22,199) (11,322)
Financing activities    
Net increase in deposits 4,412 47,704
Repayment of FHLB advances 1,500 0
Net increase in short-term borrowed funds 1,800 500
Excess tax benefit from share-based compensation 6 74
Cash dividends paid (1,042) (954)
Exercise of stock options 0 300
Purchase of treasury stock (2) (414)
Net cash provided by financing activities 3,674 47,210
Net (decrease) increase in cash and cash equivalents (8,710) 38,650
Cash and cash equivalents at the beginning of the period 113,564 103,237
Cash and cash equivalents at the end of the period 104,854 141,887
Supplementary cash flow information    
Interest paid on deposits and borrowings 3,633 3,117
Income taxes paid 1,521 525
Transfer of securities from available-for-sale to held-to-maturity $ 5,776 $ 2,130