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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net earnings $ 2,191 $ 1,862
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses (600) 0
Depreciation and amortization 248 242
Premium amortization and discount accretion, net 335 385
Net gain on securities available for sale 0 (3)
Net gain on sale of loans held for sale (97) (258)
Increase in MSR valuation allowance 0 10
Net loss on other real estate owned 5 5
Loss on prepayment of long-term debt 0 362
Loans originated for sale (7,671) (19,148)
Proceeds from sale of loans 6,925 17,720
Increase in cash surrender value of bank owned life insurance (112) (125)
Income recognized from death benefit on bank-owned life insurance 0 (276)
Net decrease in other assets 176 365
Net increase in accrued expenses and other liabilities (69) (365)
Net cash provided by operating activities 1,331 776
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 0 0
Proceeds from maturities of securities available-for-sale 10,848 7,760
Purchase of securities available-for-sale (1,123) (1,596)
(Increase) decrease in loans, net (4,468) 6,227
Net purchases of premises and equipment (7) (230)
Proceeds from bank-owned life insurance death benefit 0 662
(Increase) decrease in FHLB stock (25) 191
Proceeds from sale of other real estate owned 50 30
Net cash provided by investing activities 5,275 13,044
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 15,826 11,416
Net decrease in interest-bearing deposits (2,092) (6,470)
Net decrease in federal funds purchased and securities sold under agreements to repurchase (463) (332)
Repayments or retirement of long-term debt 0 (5,362)
Dividends paid (820) (802)
Net cash provided by (used in) financing activities 12,451 (1,550)
Net change in cash and cash equivalents 19,057 12,270
Cash and cash equivalents at beginning of period 113,930 83,503
Cash and cash equivalents at end of period 132,987 95,773
Cash paid during the period for:    
Interest 1,097 1,360
Income taxes 403 391
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 200 $ 0