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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net earnings $ 7,964 $ 1,927
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Provision for loan losses 900 250
Valuation allowance on real estate owned 12 92
Amortization of investment security premiums, net 1,454 1,415
Amortization of purchase accounting adjustment on loans (184) (149)
Amortization of purchase accounting adjustment on subordinated debentures 150 150
Amortization of intangibles 838 946
Depreciation 751 773
Increase in cash surrender value of bank owned life insurance [1] (481) (750)
Stock-based compensation 155 119
Deferred income taxes (643) (1,060)
Net gains on sales of investment securities (20) (363)
Net losses (gains) on sales of premises and equipment and foreclosed assets 41 (17)
Net gains on sales of loans [1] (4,105) (4,301)
Proceeds from sales of loans 126,745 132,015
Origination of loans held for sale (123,833) (130,780)
Changes in assets and liabilities:    
Accrued interest and other assets 188 (1,033)
Accrued expenses, taxes, and other liabilities 1,122 (852)
Net cash provided by (used in) operating activities 11,054 (1,618)
Cash flows from investing activities:    
Net increase in loans (42,630) (8,292)
Maturities and prepayments of investment securities 40,019 42,716
Purchases of investment securities (58,176) (55,820)
Proceeds from sales of investment securities 21,125 13,513
Proceeds from sales of common stock investments 7
Redemption of bank stocks 8,226 7,408
Purchase of bank stocks (7,828) (7,493)
Proceeds from sales of premises and equipment and foreclosed assets 304 707
Proceeds from bank owned life insurance 528
Purchase of bank owned life insurance (5,000)
Purchases of premises and equipment, net (1,152) (1,367)
Net cash used in investing activities (40,105) (13,100)
Cash flows from financing activities:    
Net increase (decrease) in deposits 1,718 (8,510)
Federal Home Loan Bank advance borrowings 534,152 514,443
Federal Home Loan Bank advance repayments (505,452) (489,143)
Proceeds from other borrowings 284 100
Repayments on other borrowings (1,096)
Proceeds from exercise of stock options 534 23
Payment of dividends (2,483) (2,323)
Net cash provided by financing activities 28,753 13,494
Net decrease in cash and cash equivalents (298) (1,224)
Cash and cash equivalents at beginning of period 16,584 19,996
Cash and cash equivalents at end of period 16,286 18,772
Supplemental disclosure of cash flow information:    
Cash (refund) payments for income taxes (1,000) 800
Cash paid for interest 3,442 2,468
Supplemental schedule of noncash investing and financing activities:    
Transfer of loans to real estate owned 63 180
Investment securities purchases not yet settled $ (1,714) $ (1,604)
[1] Not within the scope of ASC 606.