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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 12,184 $ 12,903
Adjustments to reconcile net income to net cash provided by operating activities:    
Net accretion of acquisition accounting estimates (414) (517)
Provision for credit losses 500 1,214
Depreciation and amortization 1,779 1,664
Net amortization of securities 396 498
Stock-based compensation expense 92 474
Deferred income tax expense 266 566
Losses on sales and valuation adjustments on other real estate owned 417 73
Fair value adjustment on equity securities (47) 20
Net changes in:    
Accrued interest receivable (162) (99)
Other assets 1,267 (5,401)
Accrued interest payable (154) 331
Other liabilities (6,865) 305
Net cash provided by operating activities 9,259 12,031
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal payments of investment securities available for sale 19,211 24,292
Proceeds from maturities and principal payments of investment securities held to maturity 281 228
Purchases of securities held to maturity (4,000)  
Purchases of equity securities (23) (11)
Net change in loans (39,817) (87,470)
Purchases of premises and equipment (1,995) (1,026)
Proceeds from sales of other real estate owned 731 280
Net redemption of restricted securities 1,821  
Purchases of bank owned life insurance (14,586)  
Net cash (used in) investing activities (38,377) (63,707)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Noninterest-bearing deposits 32,091 3,444
Interest-bearing deposits 81,205 (24,189)
Short-term borrowings (43,549) 92,309
Common stock dividends paid (3,834) (2,931)
Retirement of common stock (559)  
Repurchase of shares for tax withholding on exercised options and vested restricted stock (88)  
Net cash provided by financing activities 65,266 68,633
Net increase in cash and cash equivalents 36,148 16,957
Cash and cash equivalents at beginning of period 67,225 31,820
Cash and cash equivalents at end of period 103,373 48,777
Supplemental cash flows information:    
Interest paid 7,521 2,973
Income taxes paid 10,812 4,025
Lease liabilities arising from right-of-use assets (5,243)  
Transfers from loans to other real estate owned   77
Unrealized gain (loss) on securities available for sale (4,083) (3,836)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity $ 22 $ 22