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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 3,754 $ 4,004
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,150 1,040
Depreciation 265 277
Amortization of intangible assets 47 56
Deferred income taxes 237 (279)
Net amortization of securities premiums and discounts 488 475
Net realized gain on sales of securities (270) (445)
Earnings and proceeds on bank owned life insurance (333) (330)
(Gain) loss on sales of fixed assets and foreclosed real estate owned (46) 275
Gain on sale of mortgage loans (54) (40)
Mortgage loans originated for sale (1,685) (1,803)
Proceeds from sale of mortgage loans originated for sale 1,739 1,843
Compensation expense related to stock options 36 33
Compensation expense related to restricted stock 45 27
Increase in accrued interest receivable and other assets (930) (145)
Increase in accrued interest payable and other liabilities 66 140
Net cash provided by operating activities 4,509 5,128
CASH FLOWS FROM INVESTING ACTIVITIES    
Securities available for sale: Proceeds from sales 31,776 23,384
Securities available for sale: Proceeds from maturities and principal reductions on mortgage-backed securities 7,544 12,377
Securities available for sale: Purchases (26,848) (32,193)
Purchase of regulatory stock (1,679) (768)
Redemption of regulatory stock 2,863 242
Net increase in loans (26,846) (38,970)
Purchase of premises and equipment (121) (99)
Proceeds from sales of fixed assets and foreclosed real estate owned 333 2,299
Net cash used in investing activities (12,978) (33,728)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 33,350 15,670
Net (decrease) increase in short-term borrowings (15,135) 8,147
Repayments of other borrowings (4,547) (989)
Proceeds from other borrowings 0 16,000
Stock options exercised 143 200
Tax benefit of stock options exercised 2 9
Purchase of treasury stock (447) (127)
Cash dividends paid (2,292) (2,244)
Net cash provided by financing activities 11,074 36,666
Increase in cash and cash equivalents 2,605 8,066
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 10,010 12,376
CASH AND CASH EQUIVALENTS, END OF PERIOD 12,615 20,442
Supplemental Disclosure of Cash Flow Information    
Cash payments for: Interest on deposits and borrowings 1,757 1,593
Cash payments for: Income taxes paid, net of refunds 1,060 1,431
Supplemental Schedule of Noncash Investing Activities    
Transfers of loans to foreclosed real estate and repossession of other assets 2,879 251
Cash dividends declared $ 2,290 $ 1,141