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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net income $ 5,823 $ 1,308
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 571 508
Depreciation and amortization 537 454
Net amortization of securities premiums and discounts 501 485
Amortization of subordinated debt issuance costs 3 3
Net realized gain on sale of foreclosed real estate 9 0
Write-downs of and provisions for foreclosed real estate 6 105
Deferred income tax (benefit) expense (1,534) 488
Earnings on bank-owned life insurance (230) (185)
Compensation expense for stock options and stock awards 191 165
(Increase) decrease in assets:    
Accrued interest receivable (43) (1,789)
Other assets 1,556 1,081
Decrease in accrued interest payable and other liabilities (454) (1,114)
Net Cash Provided by Operating Activities 6,936 1,509
Cash Flows from Investing Activities    
Net cash acquired in acquisition 0 6,651
Securities available for sale:    
Purchases (9,565) (79,863)
Sales 0 75,909
Maturities, calls and principal repayments 2,072 1,850
Securities held to maturity:    
Purchases (200) (240)
Maturities, calls and principal repayments 239 0
Net increase in loans (39,026) (31,674)
Proceeds from the sale of foreclosed real estate 893 0
Purchases of bank premises and equipment (678) (64)
Net decrease (increase) in Federal Home Loan Bank stock 2,417 (2,528)
Net Cash Used in Investing Activities (43,848) (29,959)
Cash Flows from Financing Activities    
Net increase (decrease) in deposits 107,385 (20,317)
Net (decrease) increase in short-term borrowed funds (60,495) 57,675
Proceeds from long-term borrowings 46 0
Repayment of long-term borrowings (7,949) (5,000)
Purchase of treasury stock 1,926 0
Dividends paid (712) (474)
Net Cash Provided by Financing Activities 36,349 31,884
Net (decrease) increase in Cash and Cash Equivalents (563) 3,434
Cash and Cash Equivalents - Beginning 26,678 11,646
Cash and Cash Equivalents - Ending 26,115 15,080
Supplementary Cash Flows Information    
Interest paid 5,252 2,215
Income taxes paid 96 55
Operating Leases    
Operating lease right-of-use asset, net 2,564  
Operating lease liability 2,568  
Non-cash assets acquired:    
Other bank stock 0 1,155
Securities available for sale 0 75,909
Loans 0 236,010
Foreclosed real estate 0 1,312
Premises and equipment 0 10,612
Interest receivable 0 824
Bank owned life insurance 0 7,963
Goodwill and intangibles assets 0 23,629
Other assets 0 1,777
Total non-cash assets acquired 0 359,191
Liabilities assumed:    
Deposits 0 (301,157)
Borrowings 0 (12,000)
Other liabilities 0 (844)
Total liabilities assumed 0 (314,001)
Common stock issued for acquisitions $ 0 $ (51,883)