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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income $ 5,283 $ 8,276
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes, net (149) (259)
Impairment of tax credit investments 225 206
Provision for loan and lease losses 4,228 3,287
Depreciation, amortization and accretion, net 731 650
Share-based compensation 544 565
Increase in value of bank-owned life insurance policies (627) (486)
Origination of loans for sale (14,153) (52,727)
Sale of loans originated for sale 12,694 61,820
Gain on sale of loans originated for sale 921 3,848
Net loss on foreclosed properties, including impairment valuation 0 (93)
Excess tax benefit from share-based compensation (7) (13)
Returns on investments in limited partnerships 92 250
Net increase in accrued interest receivable and other assets (1,014) (1,113)
Net increase (decrease) in accrued interest payable and other liabilities 2,174 (855)
Net cash provided by operating activities 9,100 15,846
Investing activities    
Proceeds from maturities, redemptions and paydowns of available-for-sale securities 19,541 20,419
Proceeds from maturities, redemptions and paydowns of held-to-maturity securities 1,814 1,843
Proceeds from Sale of Available-for-sale Securities, Debt 5,063 2,191
Purchases of available-for-sale and held-to-maturity securities (16,957) (19,797)
Proceeds from sale of foreclosed properties 0 35
Net increase in loans and leases (10,803) (30,041)
Payments to Acquire Limited Partnership Interests 500 750
Returns of investments in limited partnerships 0 438
Investment in Federal Home Loan Bank and Federal Reserve Bank Stock (7,454) (387)
Proceeds from the sale of Federal Home Loan Bank Stock 6,770 1,066
Purchases of leasehold improvements and equipment, net (635) (400)
Net cash used in investing activities (3,161) (25,383)
Financing activities    
Net (decrease) increase in deposits (64,241) 30,799
Repayment of Federal Home Loan Bank advances 260,916 2,500
Proceeds from Federal Home Loan Bank Borrowings 309,415 0
Proceeds from Issuance of Subordinated Long-term Debt 9,090 0
Early Repayment of Subordinated Debt 7,877 0
Net (decrease) increase in other borrowed funds (2,908) 1,373
Cash dividends paid (2,267) (2,086)
Purchase of treasury stock (7) (2)
Net cash (used in) provided by financing activities (19,711) 27,584
Net (decrease) increase in cash and cash equivalents (13,772) 18,047
Cash and cash equivalents at the beginning of the period 77,517 113,564
Cash and cash equivalents at the end of the period 63,745 131,611
Cash paid during the period for:    
Interest paid on deposits and borrowings 7,359 7,624
Income taxes paid 339 3,385
Non-cash investing and financing activities:    
Transfer of loans from held-to-maturity to held-for-sale 6,966 8,091
Transfer from premises and equipment to foreclosed properties $ 1,113 $ 0