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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 11,240 $ 9,520
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 910 908
Change in deferred taxes (402) 98
Provision for loan losses 1,000 1,000
Loans originated for resale (10,480) (17,070)
Proceeds from sales and transfers of loans 10,577 17,280
Net gain on sales of loans (192) (293)
Net gain on sale or call of securities (136) (3)
Net amortization of premiums on investments 1,068 1,808
Net gain on sale of other real estate owned (183) (74)
Equity compensation expense 190 166
Net (increase) decrease in other assets and accrued interest 1,056 (3,338)
Net increase (decrease) in other liabilities 3,350 (943)
Net loss on disposal of premises and equipment 127 7
Amortization of investment in limited partnership 86 89
Net acquisition amortization 22 22
Net cash provided by operating activities 18,233 9,180
Cash flows from investing activities    
Increase in interest-bearing deposits in other banks (756) (3,527)
Proceeds from sales of securities available for sale 459 3
Proceeds from maturities, payments and calls of securities available for sale 28,886 123,896
Proceeds from maturities, payments and calls of securities to be held to maturity 6,500 7,022
Proceeds from sales of other real estate owned 815 336
Purchases of securities available for sale (40,677) (133,056)
Purchases of securities to be held to maturity (10,004) (24,169)
Purchase of restricted equity securities (2,005) (381)
Net increase in loans (60,787) (49,880)
Capital expenditures (217) (80)
Net cash used by investing activities (77,786) (79,836)
Cash flows from financing activities    
Net increase (decrease) in demand, savings, and money market accounts (100,623) 25,428
Net increase in certificates of deposit 98,390 50,874
Net increase (decrease) in short-term borrowings 138,697 (21,624)
Advances on long-term borrowings 0 50,000
Repayment on long-term borrowings (70,000) (25,000)
Payment to repurchase common stock (166) (148)
Proceeds from sale of common stock 310 329
Dividends paid (5,206) (6,380)
Net cash provided by financing activities 61,402 73,479
Net increase in cash and cash equivalents 1,849 2,823
Cash and cash equivalents at beginning of period 19,207 17,366
Cash and cash equivalents at end of period 21,056 20,189
Interest paid 8,677 6,228
Income taxes paid 441 2,470
Non-cash transactions    
Net transfer from loans to other real estate owned $ 229 $ 214