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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 3,112 $ 3,006
Adjustments to reconcile net income to cash provided by (used for) operating activities:    
Provision for loan losses 500 625
Depreciation and other amortization 309 315
Accretion and amortization of securities discounts and premium, net 132 120
Gain on sale of investment securities available for sale (307)
Loss on sale of real estate owned 51
Write-down of real estate owned 125
Compensation expense related to stock options and grants 313 246
Gain on sale of loans held for sale (1,001) (1,447)
Loans originated and held for sale (36,570) (52,034)
Proceeds from sale of loans held for sale 37,920 44,183
Increase in cash surrender value of bank owned life insurance (183) (186)
Decrease in deferred tax asset 1,714 369
Decrease in other assets, net 87 62
Increase in other liabilities 713 461
Net cash provided by (used for) operating activities 7,046 (4,411)
Increase (decrease) in cash realized from:    
Origination of loans, net (55,134) (34,519)
Purchase of property and equipment (1,937) (854)
Purchase of investment securities:    
Available for sale
Other (1,386) (168)
Payments and maturities, calls and repayments of investment securities:    
Available for sale 1,751 3,203
Other 1,605
Proceeds from sale of investment securities available for sale 10,603
Proceeds from sale of real estate owned 260
Net cash used for investing activities (55,101) (21,475)
Increase (decrease) in cash realized from:    
Increase in deposits, net 120,123 17,508
Increase in Federal Home Loan Bank advances and other borrowings, net 2,500
Proceeds from the exercise of stock options and warrants 112 285
Net cash provided by financing activities 122,735 17,793
Net increase (decrease) in cash and cash equivalents 74,680 (8,093)
Cash and cash equivalents at beginning of the period 46,552 62,866
Cash and cash equivalents at end of the period 121,232 54,773
Cash paid for    
Interest 2,339 1,767
Income taxes 1,350
Schedule of non-cash transactions    
Real estate acquired in settlement of loans 245
Unrealized gain (loss) on securities, net of income taxes $ (157) $ (721)