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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net earnings $ 4,952 $ 5,130
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 3,000 3,258
Reduction of provision for loan losses (41) (282)
Gain on sale of investment securities 0 (26)
Gain on sale of other real estate (183) (2)
Write-down of other real estate 17 152
Restricted stock expense 218 167
Originations of mortgage loans held for sale (24,478) (17,636)
Sales of mortgage loans held for sale 23,790 16,084
Change in:    
Cash surrender value of life insurance (208) (208)
Other assets 56 (2,274)
Other liabilities 1,040 2,877
Net cash provided by operating activities 8,163 7,240
Cash flows from investing activities:    
Purchases of investment securities available for sale (10,485) (13,070)
Proceeds from calls, maturities and paydowns of investment securities available for sale 14,233 18,415
Proceeds from sales of investment securities available for sale 0 677
Purchases of FHLB stock (5) 0
FHLB stock redemption 125 284
Net change in loans (19,362) (15,978)
Purchases of premises and equipment (606) (1,372)
Proceeds from sales of other real estate and repossessions 2,581 1,554
Net cash used by investing activities (13,519) (9,490)
Cash flows from financing activities:    
Net change in deposits (5,899) 12,118
Net change in securities sold under agreements to repurchase (145) 1,368
Proceeds from FHLB borrowings 20,000 0
Repayments of FHLB borrowings (20,000) 0
Preferred stock repurchase 0 (12,524)
Stock options exercised 0 37
Common stock repurchased (1,340) 0
Cash dividends paid on common stock (679) (454)
Net cash (used) provided by financing activities (8,063) 545
Net change in cash and cash equivalents (13,419) (1,705)
Cash and cash equivalents at beginning of period 69,098 76,773
Cash and cash equivalents at end of period 55,679 75,068
Cash paid during the period for:    
Interest 1,747 2,217
Income taxes 749 827
Noncash investing and financing activities:    
Change in unrealized gain on investment securities available for sale, net (1,212) 4,616
Transfers of loans to other real estate and repossessions 3,823 3,288
Financed portion of sales of other real estate $ 0 $ 230