XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities    
Net income $ 5,455 $ 4,948
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 735 780
Accretion and amortization of available for sale securities, net 547 610
Amortization of servicing rights 188 183
Amortization of core deposit intangible 161 161
Compensation expense related to stock awards 216 133
Provision for loan loss 616 297
Gain on sale of loans held for sale (403) (348)
Originations of loans held for sale (27,493) (24,883)
Proceeds from sale of loans held for sale 27,221 24,664
Loss on sale of other assets 45 11
Gain on sales of securities available for sale (456) (246)
Change in other assets and other liabilities, net (2,878) (1,918)
Net cash provided by operating activities 3,954 4,392
Activity in securities:    
Maturities, prepayments and calls 19,734 5,304
Sales 42,744 30,026
Purchases (42,375) (41,160)
Net change in interest-bearing time deposits (1,960)  
Proceeds from sales of assets 6 53
Additions to premises and equipment (1,449) (794)
Loan originations and principal collections, net (45,721) 1,279
Net cash used in investing activities (29,021) (5,292)
Cash Flows from Financing Activities    
Net change in deposits 31,507 (912)
Net change in federal funds purchased and securities sold under agreements to repurchase (2,873) 2,021
Purchase of Treasury Stock (194) (490)
Cash dividends paid on common stock (2,012) (1,927)
Net cash provided by (used in) financing activities 26,428 (1,308)
Net Increase (Decrease) in Cash and Cash Equivalents 1,361 (2,208)
Cash and cash equivalents - Beginning of year 22,018 24,295
Cash and cash equivalents - End of period 23,379 22,087
Cash paid during the year for:    
Interest 1,998 1,739
Income taxes 3,208 2,271
Noncash investing activities:    
Transfer of loans to other real estate owned $ 216 $ 46