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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net Income $ 7,033 $ 6,467
Items providing/(using) cash    
Depreciation and amortization 1,152 892
Provision for loan losses 200 250
Expense of share-based compensation plan 213 86
Amortization of premiums and discounts on securities 437 688
Amortization of intangible assets 8 9
Amortization of originated mortgage servicing rights 863 879
Recapture of originated mortgage servicing rights impairment (35) (71)
Impairment of mortgage servicing rights 75 1,236
Proceeds from sale of loans held for sale 203,999 249,159
Originations of loans held for sale (202,652) (241,732)
Gain from sale of loans (6,617) (7,098)
(Gain)/loss on sale of assets 47 (150)
Changes in    
Interest receivable 368 (381)
Other assets (2,726) (2,848)
Interest payable and other liabilities 1,551 1,059
Net cash provided by operating activities 3,916 8,445
Investing Activities    
Purchases of available-for-sale securities (25,785) (17,572)
Proceeds from maturities of available-for-sale securities 16,234 11,923
Proceeds from sales of available-for-sale-securities 14,369 2,950
Proceeds from bank owned life insurance 386
Net change in loans (30,901) (61,932)
Purchase of premises and equipment and software (3,294) (517)
Proceeds from sale of foreclosed assets & equipment 945 881
Net cash used in investing activities (28,046) (64,267)
Financing Activities    
Net increase in demand deposits, money market, interest checking and savings accounts 19,561 41,056
Net increase in certificates of deposit 24,173 34,635
Net increase/(decrease) in securities sold under agreements to repurchase 811 (1,043)
Proceeds from FHLB Advances 5,000 2,000
Repayments of FHLB Advances (11,000) (14,000)
Share repurchase (1,778) (624)
Net proceeds from share based compensation plans 339 99
Dividends on Common Stock (998) (862)
Dividends on Preferred Stock (732) (731)
Net cash provided by financing activities 35,376 60,530
Increase in Cash and Cash Equivalents 11,246 4,708
Cash and Cash Equivalents, Beginning of Year 17,012 20,459
Cash and Cash Equivalents, End of Period 28,258 25,167
Supplemental Cash Flows Information    
Interest paid 2,783 2,170
Income taxes paid 2,863 3,479
Transfer of loans to foreclosed assets $ 94 $ 319