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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 6,712 $ 6,642
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 750 975
Depreciation 487 437
Amortization of intangible assets 56 68
Deferred income taxes (25) (202)
Net amortization of securities premiums and discounts 732 885
Net realized gain on sales of securities (64) (200)
Earnings and proceeds on life insurance policies (408) (552)
(Gain) loss on sales and write-downs of fixed assets and foreclosed real estate owned, net (65) 9
Net gain on sale of loans (110) 0
Mortgage loans originated for sale (2,191) 0
Proceeds from sale of loans originated for sale 2,255 0
Compensation expense related to stock options 104 118
Compensation expense related to restricted stock 145 102
(Increase) decrease in accrued interest receivable (203) 44
Increase in accrued interest payable 1,202 27
Other, net 234 853
Net cash provided by operating activities 9,611 9,206
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales 3,626 14,583
Proceeds from maturities and principal reductions on mortgage-backed securities 12,877 15,151
Purchases (5,066) (14,269)
Purchase of regulatory stock (1,666) (1,158)
Redemption of regulatory stock 2,437 2,350
Net increase in loans (39,398) (40,393)
Purchase of premises and equipment (757) (467)
Proceeds from sales of foreclosed real estate owned 205 467
Proceeds from sales of bank premises and equipment 246 0
Net cash used in investing activities (27,496) (23,736)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 34,444 21,505
Net (decrease) increase in short-term borrowings (4,952) 795
Repayments of other borrowings (8,260) (5,662)
Stock options exercised 170 233
Acquisition of treasury stock (374) (179)
Cash dividends paid (3,019) (2,752)
Net cash provided by financing activities 18,009 13,940
Increase (decrease) in cash and cash equivalents 124 (590)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 18,348 16,697
CASH AND CASH EQUIVALENTS, END OF PERIOD 18,472 16,107
Supplemental Disclosures of Cash Flow Information    
Interest on deposits and borrowings 3,156 2,416
Income taxes paid, net of refunds 862 1,097
Supplemental Schedule of Noncash Investing Activities:    
Transfers of loans to foreclosed real estate and repossession of other assets 1,003 333
Dividends payable $ 1,510 $ 1,377