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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net earnings $ 11,101 $ 9,946
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation, amortization and accretion 2,949 3,508
Right of use lease asset amortization 585 0
Provision for loan losses 677 372
Deferred income taxes (7) (1,159)
Gain on sale of investment securities (226) (50)
Loss (gain) on sale of other real estate 1 (17)
Write-down of other real estate 17 0
Loss on sale of premises and equipment 138 2
Restricted stock expense 201 131
Proceeds from sales of mortgage loans held for sale 34,002 27,209
Origination of mortgage loans held for sale (37,585) (28,092)
Change in:    
Cash surrender value of life insurance (286) (287)
Other assets (790) 754
Other liabilities (1,700) (265)
Net cash provided by operating activities 9,077 12,052
Cash flows from investing activities:    
Purchases of investment securities available for sale (36,515) (20,218)
Proceeds from sales, calls and maturities of investment securities available for sale 36,700 24,203
Proceeds from paydowns of investment securities available for sale 11,416 12,651
Purchases of other investments 0 (2,611)
Proceeds from paydowns on other investments 132 73
Purchases of FHLB stock (2,976) (4)
Net change in loans (42,146) (27,500)
Purchases of premises and equipment (2,800) (1,307)
Proceeds from sale of premises and equipment 697 0
Proceeds from sale of other real estate and repossessions 9 232
Net cash used by investing activities (35,483) (14,481)
Cash flows from financing activities:    
Net change in deposits 84,355 (13,493)
Net change in securities sold under agreement to repurchase (36,168) 18,009
Proceeds from FHLB borrowings 184,500 0
Repayments of FHLB borrowings (114,500) 0
Proceeds from Fed Funds Purchased 100,075 850
Repayments of Fed Funds Purchased (100,075) (850)
Common stock repurchased (2,490) 0
Cash dividends paid on common stock (3,108) (2,350)
Net cash provided by financing activities 112,589 2,166
Net change in cash and cash equivalents 86,183 (263)
Cash and cash equivalents at beginning of period 43,370 57,304
Cash and cash equivalents at end of period 129,553 57,041
Cash paid during the period for:    
Interest 2,510 1,531
Income taxes 2,463 905
Noncash investing and financing activities:    
Change in unrealized gain on investment securities available for sale, net 3,356 (3,852)
Issuance of accrued restricted stock units 207 0
Transfers of loans to other real estate and repossessions 26 97
Initial recognition of lease right-of-use asset and lease liability $ 4,401 $ 0