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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES    
Net income $ 7,069 $ 4,756
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 615 315
Investment securities gain, net (886) (303)
Depreciation and amortization of premises and equipment, net 797 744
Amortization of premium and discount on investment securities, net 343 352
Accretion of deferred loan fees, net (246) (150)
Amortization of core deposit intangibles 276 30
Equity-based compensation 33
Origination of loans held for sale (13,345) (15,497)
Proceeds from sale of loans 7,811 16,046
Gain on sale of loans (239) (322)
Origination of student loans held for sale (321,942)
Proceeds from sale of student loans 328,853
Gain on sale of student loans (481)
Earnings on bank-owned life insurance (316) (297)
Deferred income tax (532) 224
Net (gain) loss on other real estate owned (211) 247
(Increase) in accrued interest receivable (311) (139)
Increase (decrease) in accrued interest payable 124 (4)
Other, net (2,193) 253
Net cash provided by operating activities 5,218 6,255
INVESTING ACTIVITIES    
Proceeds from repayments and maturities 9,560 17,896
Proceeds from sale of securities 6,474 9,115
Purchases (250) (1,744)
Increase in loans, net (75,307) (53,430)
Proceeds from the sale of other real estate owned 1,767 555
Purchase of bank-owned life insurance (5)
Purchase of premises and equipment (1,037) (679)
Purchase of restricted stock (899)
Redemption of restricted stock 795
Acquisition, net of cash paid 5,431
Net cash used in investing activities (53,471) (28,287)
FINANCING ACTIVITIES    
Net increase in deposits 69,677 14,895
(Decrease) in short-term borrowings, net (48,085) (3,022)
Repayment of other borrowings (164) (226)
Proceeds from other borrowings 30,000
Proceeds from common stock issued 15,164 11,239
Net cash from common stock transactions 180
Proceeds from dividend reinvestment and purchase plan 407 382
Cash dividends (2,490) (1,710)
Net cash provided by financing activities 64,689 21,558
Increase (decrease) in cash and cash equivalents 16,436 (474)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 32,495 23,750
CASH AND CASH EQUIVALENTS AT END OF PERIOD 48,931 23,276
Cash paid during the year for:    
Interest on deposits and borrowings 4,761 3,121
Income taxes 4,455 475
Noncash investing transactions:    
Transfers from loans to other real estate owned 1,179 595
Common stock issued in business acquisition 20,995
Liabilities assumed    
Cash and cash equivalents acquired, net $ 5,431
Merger of Liberty Bank, N.A. into The Middlefield Banking Company [Member]    
INVESTING ACTIVITIES    
Acquisition, net of cash paid   5,431
Noncash assets acquired    
Loans   195,388
Loans held for sale   5,953
Premises and equipment, net   325
Accrued interest receivable   440
Bank-owned life insurance   1,681
Core deposit intangible   3,087
Other assets   997
Goodwill   10,740
  218,611
Liabilities assumed    
Time deposits   (30,744)
Deposits other than time deposits   (167,300)
Accrued interest payable   (47)
Deferred taxes   (1,134)
Other liabilities   (2,754)
  (201,979)
Liberty stock acquired in business combination   (1,068)
Net noncash assets acquired   15,564
Cash and cash equivalents acquired, net   $ 5,431