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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net earnings $ 6,073 $ 5,922
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for loan losses (600) 200
Depreciation and amortization 876 863
Premium amortization and discount accretion, net 1,137 1,186
Net gain on securities available for sale (148) (14)
Net gain on sale of loans held for sale (609) (942)
Increase (decrease) in MSR valuation allowance 21 (52)
Net (gain) loss on other real estate owned (238) 6
Loss on prepayment of long-term debt 0 362
Loans originated for sale (33,331) (55,956)
Proceeds from sale of loans 34,537 54,882
Increase in cash surrender value of bank owned life insurance (339) (353)
Income recognized from death benefit on bank-owned life insurance 0 (276)
Net decrease in other assets 196 293
Net increase in accrued expenses and other liabilities 577 280
Net cash provided by operating activities 8,152 6,401
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 5,126 0
Proceeds from maturities of securities available-for-sale 50,934 23,981
Purchase of securities available-for-sale (62,556) (7,249)
Increase in loans, net (189) (19,527)
Net purchases of premises and equipment (1,173) (1,189)
Proceeds from bank-owned life insurance death benefit 0 1,319
(Increase) decrease in FHLB stock (25) 191
Proceeds from sale of other real estate owned 695 250
Net cash used in investing activities (7,188) (2,224)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 22,759 25,454
Net increase in interest-bearing deposits 5,529 5,467
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 556 (1,234)
Repayments or retirement of long-term debt 0 (5,362)
Dividends paid (2,459) (2,405)
Net cash provided by financing activities 26,385 21,920
Net change in cash and cash equivalents 27,349 26,097
Cash and cash equivalents at beginning of period 113,930 83,503
Cash and cash equivalents at end of period 141,279 109,600
Cash paid during the period for:    
Interest 3,193 3,503
Income taxes 1,703 1,803
Supplemental disclosure of non-cash transactions:    
Real estate acquired through foreclosure $ 285 $ 0