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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 6,156 $ 5,506
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 449 464
Change in deferred taxes 203 (163)
Provision for loan losses 375 500
Loans originated for resale (4,661) (4,835)
Proceeds from sales and transfers of loans 4,305 5,016
Net gain on sales of loans (80) (79)
Net gain on sale or call of securities 0 (136)
Net amortization of premiums on investments 261 552
Net gain on sale of other real estate owned 0 (13)
Equity compensation expense 123 95
Net increase in other assets and accrued interest (6,055) (1,214)
Net increase (decrease) in other liabilities (435) 5,014
Net loss on disposal of premises and equipment 1 127
Amortization of investment in limited partnership 77 43
Net acquisition amortization 11 11
Net cash provided by operating activities 730 10,888
Cash flows from investing activities    
Decrease in interest-bearing deposits in other banks 11,848 580
Proceeds from sales of securities available for sale 0 459
Proceeds from maturities, payments and calls of securities available for sale 11,622 14,579
Proceeds from maturities, payments and calls of securities to be held to maturity 2,804 2,751
Proceeds from sales of other real estate owned 0 133
Purchases of securities available for sale (15,325) (23,262)
Purchases of securities to be held to maturity (28,328) (4,862)
Redemption of restricted equity securities 2,604 0
Purchase of restricted equity securities 0 (1,589)
Net increase in loans (26,473) (24,364)
Capital expenditures (161) (132)
Net cash used by investing activities (41,409) (35,707)
Cash flows from financing activities    
Net decrease in demand, savings, and money market accounts (41,277) (66,433)
Net increase in certificates of deposit 121,067 75,746
Net increase in short-term borrowings 0 15,491
Repayment on long-term borrowings (39,898) (20)
Payment to repurchase common stock (96) (167)
Proceeds from sale of common stock 168 157
Dividends paid (3,149) (2,603)
Net cash provided by financing activities 36,815 22,171
Net decrease in cash and cash equivalents (3,864) (2,648)
Cash and cash equivalents at beginning of period 19,134 19,207
Cash and cash equivalents at end of period 15,270 16,559
Interest paid 6,221 3,925
Income taxes paid (refunded) 0 (8)
Non-cash transactions    
Net transfer from loans to other real estate owned $ 0 $ 229