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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net earnings $ 5,922 $ 5,552
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses 200 (100)
Depreciation and amortization 863 557
Premium amortization and discount accretion, net 1,186 1,150
Net (gain) loss on securities available-for-sale (14) 530
Net gain on sale of loans held for sale (942) (880)
(Decrease) Increase in MSR valuation allowance (52) 31
Net loss (gain) on other real estate owned 6 (204)
Loss on prepayment of long-term debt 362 0
Loans originated for sale (55,956) (44,185)
Proceeds from sale of loans 54,882 43,469
Increase in cash surrender value of bank owned life insurance (353) (375)
Income recognized from death benefit on bank-owned life insurance (276) 0
Net decrease (increase) in other assets 293 (82)
Net increase in accrued expenses and other liabilities 280 8,200
Net cash provided by operating activities 6,401 13,663
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 0 37,132
Proceeds from maturities of securities available-for-sale 23,981 47,241
Purchase of securities available-for-sale (7,249) (70,943)
Increase in loans, net (19,527) (12,126)
Net purchases of premises and equipment (1,189) (19)
Proceeds from bank-owned life insurance death benefit 1,319 0
Decrease in FHLB stock 191 235
Proceeds from sale of other real estate owned 250 3,322
Net cash (used in) provided by investing activities (2,224) 4,842
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 25,454 1,732
Net increase in interest-bearing deposits 5,467 10,187
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase (1,234) 971
Repayments or retirement of long-term debt (5,362) 0
Dividends paid (2,405) (2,351)
Net cash provided by financing activities 21,920 10,539
Net change in cash and cash equivalents 26,097 29,044
Cash and cash equivalents at beginning of period 83,503 54,222
Cash and cash equivalents at end of period 109,600 83,266
Cash paid during the period for:    
Interest 3,503 4,125
Income taxes 1,803 963
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 0 $ 449