XML 18 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 10,352 $ 8,041
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,350 1,800
Depreciation 665 703
Amortization of intangible assets 97 115
Deferred income taxes (198) (783)
Net amortization of securities premiums and discounts 1,308 1,651
Net realized gain on sales of securities (213) (167)
Gain on sale of deposits 0 (209)
Earnings and proceeds on bank owned life insurance (848) (850)
(Gain) loss on sales and writedowns of fixed assets and foreclosed real estate owned (42) 673
Gain on sale of loans (15) (67)
Loans originated for sale (752) (1,693)
Proceeds from sale of loans originated for sale 767 1,760
Compensation expense related to stock options 177 69
Compensation expense related to restricted stock 154 107
Decrease in accrued interest receivable (76) (86)
Increase in accrued interest payable 271 98
Other, net 1,062 1,278
Net cash provided by operating activities 14,059 12,440
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales 17,745 13,027
Proceeds from maturities and principal reductions on mortgage-backed securities 22,848 20,570
Purchases (15,458) (13,905)
Purchase of regulatory stock (3,865) (3,737)
Redemption of regulatory stock 4,109 2,741
Net increase in loans (56,275) (42,783)
Purchase of premises and equipment (598) (484)
Proceeds from sales of fixed assets and foreclosed real estate owned 696 777
Net cash used in investing activities (30,798) (23,794)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 10,330 12,505
Deposits sold 0 (13,659)
Net increase in short-term borrowings 10,290 14,418
Repayments of other borrowings (9,296) (20,230)
Proceeds from other borrowings 10,000 20,000
Stock options exercised 395 766
Purchase of treasury stock (179) (1,290)
Cash dividends paid (4,130) (4,015)
Net cash provided by financing activities 17,410 8,495
Increase (decrease) in cash and cash equivalents 671 (2,859)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 16,697 17,174
CASH AND CASH EQUIVALENTS, END OF PERIOD 17,368 14,315
Supplemental Disclosures of Cash Flow Information    
Interest on deposits and borrowings 3,570 2,792
Income taxes paid, net of refunds 1,547 1,825
Supplemental Schedule of Noncash Investing Activities:    
Transfers of loans to foreclosed real estate and repossession of other assets 333 112
Cash dividends declared $ 4,133 $ 4,037