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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net earnings [1],[2] $ 1,927 $ 6,875
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Provision for loan losses 250 500
Valuation allowance on real estate owned 92
Amortization of investment security premiums, net 1,415 1,238
Amortization of purchase accounting adjustment on loans (149) (75)
Amortization of purchase accounting adjustment on subordinated debentures 150 150
Amortization of intangibles 946 1,041
Depreciation 773 866
Increase in cash surrender value of bank owned life insurance (750) (390)
Stock-based compensation 119 23
Deferred income taxes (1,060) 594
Net gains on sales of investment securities (363) (558)
Net (gain) loss on sales of premises, equipment and real estate owned (17) 89
Net gains on sales of loans (4,301) (4,418)
Proceeds from sales of loans 132,015 173,967
Origination of loans held for sale (130,780) (164,182)
Changes in assets and liabilities:    
Accrued interest and other assets (1,033) (2,305)
Accrued expenses, taxes, and other liabilities (852) 1,764
Net cash (used in) provided by operating activities (1,618) 15,179
Cash flows from investing activities:    
Net increase in loans (8,292) (11,650)
Maturities and prepayments of investment securities 42,716 32,061
Purchases of investment securities (55,820) (62,230)
Proceeds from sales of investment securities 13,513 14,326
Redemption of bank stocks 7,408 4,686
Purchase of bank stocks (7,493) (5,058)
Proceeds from sales of premises and equipment and foreclosed assets 707 813
Proceeds from bank owned life insurance 528 358
Purchase of bank owned life insurance (5,000)
Purchases of premises and equipment, net (1,367) (518)
Net cash used in investing activities (13,100) (27,212)
Cash flows from financing activities:    
Net (decrease) increase in deposits (8,510) 988
Federal Home Loan Bank advance borrowings 514,443 276,833
Federal Home Loan Bank advance repayments (489,143) (261,733)
Proceeds from other borrowings 100 551
Repayments on other borrowings (1,096)
Proceeds from exercise of stock options [3] 23 1,642
Payment of dividends (2,323) (2,167)
Net cash provided by financing activities 13,494 16,373
Net (decrease) increase in cash and cash equivalents (1,224) 4,081
Cash and cash equivalents at beginning of period 19,996 13,569
Cash and cash equivalents at end of period 18,772 17,650
Supplemental disclosure of cash flow information:    
Cash payments for income taxes 800 510
Cash paid for interest 2,468 2,254
Supplemental schedule of noncash investing and financing activities:    
Transfer of loans to real estate owned 180 1,077
Investment securities purchases not yet settled $ (1,604) $ (1,295)
[1] Income tax expense, net earnings, and earnings per share for the periods ended September 30, 2016 have been recast to reflect the early adoption of Accounting Standards Update ("ASU") 2016-09
[2] Net earnings for the periods ended September 30, 2016 have been recast to reflect the early adoption of ASU 2016-09.
[3] Net earnings and proceeds from the exercise of stock options for the period ended September 30, 2016 have been recast to reflect the early adoption of ASU 2016-09.