XML 22 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities      
Net income $ 11,664 $ 10,340 $ 9,646
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 1,464 1,365 1,293
Amortization of available for sale securities, net 1,146 1,239 1,430
Amortization of servicing rights 419 374 344
Amortization of core deposit intangible 323 323 480
Compensation expense related to stock awards 402 314 232
Provision for loan loss 1,121 625 1,191
Gain on sale of loans held for sale (888) (700) (647)
Originations of loans held for sale (66,014) (52,706) (37,432)
Proceeds from sale of loans held for sale 63,988 52,764 41,992
Loss on sale of other assets owned 81 47 157
Gain on sales of available for sale securities (588) (451) (494)
Change in other assets and other liabilities, net (688) 1,275 971
Net Cash Provided by Operating Activities 12,430 14,809 19,163
Activity in securities:      
Maturities, prepayments and calls 41,825 26,059 17,817
Sales 85,723 47,029 57,928
Purchases (114,819) (60,925)  
Change in interest-bearing time deposits (1,915)    
Proceeds from redemption of FHLB stock     499
Proceeds from sales of other assets owned 41 64 24
Additions to premises and equipment (2,406) (1,716) (2,908)
Loan originations and principal collections, net (72,639) (64,483) (50,853)
Net cash provided by (used in) investing activities (64,190) (53,972) 22,507
Cash Flows from Financing Activities      
Net change in deposits 70,864 8,779 (13,904)
Net change in federal funds purchased and securities sold under agreements to repurchase (8,491) 22,853 (13,794)
Proceeds of FHLB advances   10,000  
Repayment of FHLB advances     (4,500)
Purchase of Treasury Stock (194) (803) (576)
Cash dividends paid on common stock (4,115) (3,943) (3,864)
Net cash provided by (used) financing activities 58,064 36,886 (36,638)
Net Increase (Decrease) in Cash and Cash Equivalents 6,304 (2,277) 5,032
Cash and Cash Equivalents - Beginning of Year 22,018 24,295 19,263
Cash and Cash Equivalents - End of Year 28,322 22,018 24,295
Cash paid during the year for:      
Interest 4,151 3,610 3,732
Income taxes 5,012 3,079 4,285
Noncash investing activities:      
Transfer of loans to other real estate owned $ 419 $ 231 $ 139