XML 35 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net Income $ 5,751 $ 3,738
Items (using)/providing cash    
Depreciation and amortization 795 859
Provision for loan losses 950 300
Expense of share-based compensation plan 61 47
Amortization of premiums and discounts on securities 744 721
Amortization of intangible assets 163 317
Amortization of originated mortgage servicing rights 725 439
Recapture of originated mortgage servicing rights impairment (269) (62)
Impairment of mortgage servicing rights 218 101
Proceeds from sale of loans held for sale 224,090 171,993
Originations of loans held for sale (216,963) (167,667)
Gain from sale of loans (5,764) (3,403)
Loss on sale of assets 20 64
Changes in    
Interest receivable (471) (572)
Other assets (8,276) (5,638)
Interest payable and other liabilities 3,535 (624)
Net cash provided by operating activities 5,309 613
Investing Activities    
Purchases of available-for-sale securities (25,456) (9,685)
Proceeds from maturities of available-for-sale securities $ 14,830 14,457
Proceeds from sales of available-for-sale-securities 4,298
Net change in loans $ (25,233) (29,457)
Purchase of premises and equipment and software (4,846) (1,505)
Proceeds from sales or disposal of premises and equipment 36 (13)
Proceeds from sale of foreclosed assets 110 236
Net cash used in investing activities (40,559) (21,669)
Financing Activities    
Net increase in demand deposits, money market, interest checking and savings accounts 27,018 25,667
Net decrease in certificates of deposit (4,356) (8,640)
Net increase in securities sold under agreements to repurchase 4,171 3,206
Repayment of Federal Home Loan Bank advances (4,000) (2,000)
Proceeds from Federal Home Loan Bank advances 4,000 16,000
Net proceeds from share based compensation plans 18 $ 17
Repurchase of Common Stock (2)
Dividends on Common Stock (713) $ (562)
Dividends on Preferred Stock $ (712)
Repayment of trust preferred securities $ (10,310)
Proceeds from long-term note 7,000
Repayment of notes payable (589)
Net cash provided by financing activities $ 25,425 29,789
(Decrease) Increase in Cash and Cash Equivalents (9,825) 8,733
Cash and Cash Equivalents, Beginning of Year 28,197 13,137
Cash and Cash Equivalents, End of Period 18,372 21,870
Supplemental Cash Flows Information    
Interest paid 1,861 3,079
Income taxes paid 1,650 1,040
Transfer of loans to foreclosed assets $ 35 $ 285