XML 17 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities    
Net income $ 6,062 $ 5,455
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 970 735
Accretion and amortization of available for sale securities, net 578 547
Amortization of servicing rights 181 188
Amortization of core deposit intangible 161 161
Compensation expense related to stock awards 224 216
Provision for loan loss 98 616
Gain on sale of loans held for sale (419) (403)
Originations of loans held for sale (30,242) (27,493)
Proceeds from sale of loans held for sale 31,658 27,221
Loss on sale of other assets owned 14 45
Gain on sales of securities available for sale (47) (456)
Change in other assets and other liabilities, net (795) (2,878)
Net cash provided by operating activities 8,443 3,954
Activity in available-for-sale securities:    
Maturities, prepayments and calls 14,647 19,734
Sales 13,562 42,744
Purchases (3,387) (42,375)
Change in interest-bearing time deposits (626) (1,960)
Proceeds from sales of other assets owned 14 6
Additions to premises and equipment (469) (1,449)
Loan originations and principal collections, net (34,184) (45,721)
Net cash used in investing activities (10,443) (29,021)
Cash Flows from Financing Activities    
Net change in deposits 35,271 31,507
Net change in federal funds purchased and securities sold under agreements to repurchase (30,228) (2,873)
Purchase of Treasury Stock   (194)
Cash dividends paid on common stock (2,106) (2,012)
Net cash provided by financing activities 2,937 26,428
Net Increase in Cash and Cash Equivalents 937 1,361
Cash and cash equivalents - Beginning of year 28,322 22,018
Cash and cash equivalents - End of period 29,259 23,379
Cash paid during the year for:    
Interest 2,436 1,998
Income taxes $ 2,302 3,208
Noncash investing activities:    
Transfer of loans to other real estate owned   $ 216