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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 $ 6,716 $ 6,312
Adjustments to reconcile net income to cash provided by (used for) operating activities:    
Provision for loan losses 1,000 1,200
Depreciation and other amortization 669 633
Accretion and amortization of securities discounts and premium, net 267 268
Gain on sale of investment securities available for sale (2) (325)
(Gain) loss on sale of real estate owned (12) 51
Loss on disposal of fixed assets 50
Write-down of real estate owned 7 389
Compensation expense related to stock options and grants 650 526
Gain on sale of loans held for sale (2,854) (3,424)
Loans originated and held for sale (94,159) (122,495)
Proceeds from sale of loans held for sale 93,334 116,495
Increase in cash surrender value of bank owned life insurance (366) (366)
(Increase) decrease in deferred tax asset (392) 963
Decrease (increase) in other assets, net 109 (432)
Increase in other liabilities 694 1,863
Net cash provided by operating activities 5,711 1,658
Increase (decrease) in cash realized from:    
Origination of loans, net (136,760) (61,309)
Purchase of property and equipment (4,043) (2,484)
Purchase of investment securities:    
Available for sale (20,675) (16,852)
Other (1,811) (169)
Payments and maturities, calls and repayments of investment securities:    
Available for sale 4,002 13,127
Other 3,522
Proceeds from sale of investment securities available for sale 10,602
Proceeds from sale of real estate owned 380 320
Net cash used for investing activities (155,385) (56,765)
Increase (decrease) in cash realized from:    
Increase in deposits, net 206,760 63,391
Decrease in Federal Home Loan Bank advances and other borrowings, net (42,000)
Proceeds from issuance of common stock 24,758
Proceeds from the exercise of stock options and warrants 416 369
Net cash provided by financing activities 189,934 63,760
Net increase in cash and cash equivalents 40,260 8,653
Cash and cash equivalents at beginning of the period 46,552 62,866
Cash and cash equivalents at end of the period 86,812 71,519
Cash paid for    
Interest 4,891 4,012
Income taxes 3,410 2,680
Schedule of non-cash transactions    
Real estate acquired in settlement of loans 164 245
Unrealized gain on securities, net of income taxes $ 324 $ 1,171