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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 8,189 $ 4,453
Adjustments to reconcile to net income to net cash from operating activities    
Provision for (recovery of) loan losses (235) 210
Prepayment of ESOP Share Acquisition Loan 0 1,125
Stock–based compensation expense 6 0
Depreciation and amortization 1,729 1,890
Amortization of premiums and discounts on securities and loans 4 (91)
Amortization of core deposit intangible 143 251
Amortization of servicing assets 51 59
Net change in net deferred loan origination costs 90 183
Loss on sale of other real estate owned 68 31
Net gain on sale of loans 0 (60)
Loss on sale of equity securities (14) 0
Gain on sale of premises held-for-sale 93 0
Loans originated for sale 0 (1,016)
Proceeds from sale of loans 0 1,076
Other real estate owned valuation adjustments 26 74
Net change in:    
Accrued interest receivable (86) (107)
Earnings on bank owned life insurance (111) (129)
Other assets 2,938 3,317
Accrued interest payable and other liabilities (2,771) (2,858)
Net cash from operating activities 9,962 8,408
Securities    
Proceeds from maturities 48,953 29,275
Proceeds from principal repayments 1,921 1,732
Proceeds from sale of equity securities 487 0
Purchases of securities (70,572) (33,648)
Loans receivable    
Loan participations sold 0 3,615
Principal payments on loans receivable 482,893 295,864
Purchase of loans 0 (20,406)
Originated for investment (456,760) (304,332)
Bank-owned life insurance death benefit 4,224 3,514
Proceeds from sale of premises held-for-sale 5,485 0
Proceeds from sale of premises held-for-sale (21) (154)
Proceeds from sale of other real estate owned 1,556 830
Purchase of premises and equipment, net (132) (507)
Net cash from (used in) investing activities 18,034 (24,217)
Cash flows from financing activities    
Net change in deposits (44,198) 8,497
Net change in borrowings (9,867) (192)
Net change in advance payments by borrowers for taxes and insurance 2,182 2,652
Payments for Repurchase of Common Stock (8,490) (6,567)
Payments of Ordinary Dividends, Common Stock (3,020) (2,440)
Payments for Deposits Applied to Debt Retirements 0 1,219
Net cash used in financing activities (63,393) 731
Net change in cash and cash equivalents (35,397) (15,078)
Beginning cash and cash equivalents 127,592 96,684
Ending cash and cash equivalents 92,195 81,606
Supplemental disclosures of cash flow information:    
Interest paid 3,687 2,668
Income taxes paid 176 176
Loans transferred to other real estate owned $ 838 $ 1,936