XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 5,786 $ 5,294
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,235 975
Depreciation expense 1,399 1,432
Net amortization of investment securities, premiums, and discounts 1,257 1,418
Stock based compensation expense 3 16
Change in fair value of mortgage servicing rights 72 690
Gain on sale of investment securities 0 (602)
Loss (gain) on sales and dispositions of premises and equipment 123 (9)
Gain on sales and dispositions of other real estate and repossessed assets (42) (215)
Provision for other real estate owned 243 176
Decrease in accrued interest receivable 304 229
Increase in cash surrender value - life insurance (55) (48)
Increase in other assets (269) (135)
(Decrease) increase in accrued interest payable (12) 26
Decrease in other liabilities (479) (243)
Origination of mortgage loans for sale (26,446) (27,849)
Proceeds from the sale of mortgage loans 26,261 28,769
Gain on sale of mortgage loans, net (599) (653)
Other, net (162) (155)
Net cash provided by operating activities 8,619 9,116
Cash flows from investing activities:    
Net increase in loans (70,572) (85,087)
Purchase of available-for-sale debt securities (32,330) (102,000)
Proceeds from maturities of available-for-sale debt securities 24,192 42,441
Proceeds from calls of available-for-sale debt securities 7,675 13,535
Proceeds from sales of available-for-sale debt securities 2,656 60,720
Proceeds from sales of FHLB stock 1,239 0
Purchases of FHLB stock (1,203) (1,203)
Purchases of premises and equipment (1,017) (881)
Proceeds from sales of premises and equipment 12 9
Proceeds from sales of other real estate and foreclosed assets 1,001 3,613
Net cash used in investing activities (68,347) (68,853)
Cash flows from financing activities:    
Net increase in demand deposits 23,482 21,952
Net increase in interest-bearing transaction accounts 70,844 36,865
Net increase in time deposits 2,968 12,017
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 1,048 (28,330)
Repayment of FHLB advances and other borrowings (183,132) (16,000)
FHLB advances 179,640 45,000
Purchase of treasury stock (623) (435)
Cash dividends paid - common stock (1,067) (815)
Net cash provided by financing activities 93,160 70,254
Net increase in cash and cash equivalents 33,432 10,517
Cash and cash equivalents, beginning of period 26,995 28,377
Cash and cash equivalents, end of period 60,427 38,894
Cash paid during the year for:    
Interest 5,669 4,141
Income taxes 2,940 2,705
Noncash investing activities:    
Other real estate and repossessed assets acquired in settlement of loans $ 217 $ 2,020