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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 12,551 $ 11,240
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 898 910
Change in deferred taxes 151 (402)
Provision for loan losses 625 1,000
Loans originated for resale (5,316) (10,480)
Proceeds from sales and transfers of loans 5,507 10,577
Net gain on sales of loans (191) (192)
Net gain on sale or call of securities 0 (136)
Net amortization of premiums on investments 506 1,068
Net gain on sale of other real estate owned (107) (183)
Equity compensation expense 244 190
Net (increase) decrease in other assets and accrued interest (10,606) 1,056
Net increase in other liabilities 1,599 3,350
Net loss on disposal of premises and equipment 333 127
Amortization of investment in limited partnership 154 86
Net acquisition amortization 22 22
Net cash provided by operating activities 6,370 18,233
Cash flows from investing activities    
(Increase) decrease in interest-bearing deposits in other banks 11,162 (756)
Proceeds from sales of securities available for sale 0 459
Proceeds from maturities, payments and calls of securities available for sale 25,801 28,886
Proceeds from maturities, payments and calls of securities to be held to maturity 6,534 6,500
Proceeds from sales of other real estate owned 402 815
Purchases of securities available for sale (21,646) (40,677)
Purchases of securities to be held to maturity (53,329) (10,004)
Redemption of restricted equity securities 2,604 0
Purchase of restricted equity securities 0 (2,005)
Net increase in loans (11,235) (60,787)
Capital expenditures (220) (217)
Net cash used by investing activities (39,927) (77,786)
Cash flows from financing activities    
Net decrease in demand, savings, and money market accounts (59,718) (100,623)
Net increase in certificates of deposit 125,589 98,390
Net increase in short-term borrowings 0 138,697
Repayment on long-term borrowings (28,459) (70,000)
Payment to repurchase common stock (94) (166)
Proceeds from sale of common stock 329 310
Dividends paid (6,306) (5,206)
Net cash provided by financing activities 31,341 61,402
Net increase (decrease) in cash and cash equivalents (2,216) 1,849
Cash and cash equivalents at beginning of period 19,134 19,207
Cash and cash equivalents at end of period 16,918 21,056
Interest paid 13,018 8,677
Income taxes paid 2,090 441
Non-cash transactions    
Net transfer from loans to other real estate owned $ 0 $ 229