XML 28 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net earnings $ 10,268 $ 9,177 $ 9,633
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation, amortization and accretion 5,018 5,423 6,053
Reduction of provision for loan losses (507) (1,206) (17)
Deferred income taxes (2,120) 1,097 673
Gain on sale of investment securities 0 (729) 0
Gain on sale of other real estate 0 (81) (363)
Write-down of other real estate 239 17 118
Restricted stock expense 592 932 487
Proceeds from sales of loans held for sale 59,193 67,764 50,770
Origination of loans held for sale (54,341) (69,324) (53,544)
Change in:      
Cash surrender value of life insurance (600) (406) (421)
Other assets 258 (636) (408)
Other liabilities 594 211 882
Net cash provided by operating activities 18,594 12,239 13,863
Cash flows from investing activities:      
Purchases of investment securities available for sale (10,014) (12,707) (19,220)
Proceeds from sales, calls and maturities of investment securities available for sale 10,162 4,053 5,475
Proceeds from paydowns of investment securities available for sale 17,202 20,675 22,732
Purchases of other investments (45) (255) (6)
FHLB stock redemption 850 1,256 401
Net change in loans (36,748) (36,116) (43,441)
Purchases of premises and equipment (5,557) (1,610) (2,354)
Proceeds from sale of other real estate and repossessions 44 1,083 6,287
Net cash used by investing activities (24,106) (23,621) (30,126)
Cash flows from financing activities:      
Net change in deposits 14,034 60,743 17,475
Net change in securities sold under agreement to repurchase 1,323 8,560 (20,556)
Proceeds from FHLB borrowings 1 6,000 20,001
Repayments of FHLB borrowings (20,001) (29,500) (26,501)
Proceeds from FRB borrowings 1 1 1
Repayments of FRB borrowings (1) (1) (1)
Proceeds from Fed Funds Purchased 187 9,112 5,192
Repayments of Fed Funds Purchased (187) (9,112) (5,192)
Common stock repurchased 0 (1,984) (1,917)
Cash dividends paid in lieu of fractional shares (6) 0 0
Cash dividends paid on common stock (2,629) (2,106) (1,574)
Net cash (used) provided by financing activities (7,278) 41,713 (13,072)
Net change in cash and cash equivalents (12,790) 30,331 (29,335)
Cash and cash equivalents at beginning of period 70,094 39,763 69,098
Cash and cash equivalents at end of period 57,304 70,094 39,763
Cash paid during the year for:      
Interest 2,526 3,415 3,518
Income taxes 2,408 2,028 2,278
Noncash investing and financing activities:      
Change in unrealized (loss) gain on investment securities available for sale, net (1) (2,523) 57
Transfer of loans to other real estate and repossessions 118 563 4,825
Issuance of accrued restricted stock units (915) 0 0
Financed portion of sale of other real estate $ 0 $ 0 $ 60