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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Net Income $ 5,862 $ 5,133
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Amortization of premiums and accretion of discounts on securities, net 1,296 839
Depreciation and amortization expense 915 876
Deferred income taxes 64 400
Stock compensation expense 65 60
Increase in cash value of life insurance (154) (143)
Gain on life insurance (18) 0
Gain on sale of securities (54) (176)
Provision for loan losses 617 425
Proceeds from sales of loans 47,991 38,608
Loans originated for sale (43,456) (37,191)
Gain on sale of loans (1,028) (889)
Net realized and unrealized loss on foreclosed real estate 225 82
Increase in accrued interest receivable (232) (117)
Decrease in accrued interest payable (24) (30)
Net change in other assets/liabilities (379) 552
Net Cash Provided By Operating Activities 11,690 8,429
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in interest-bearing time deposits (2,235) (1,975)
Proceeds from maturities and sales of interest-bearing time deposits 6,675 3,090
Purchase of securities available for sale (43,925) (159,338)
Proceeds from maturities of securities available for sale 3,405 82,271
Proceeds from sales of securities available for sale 1,644 4,583
Principal collected on mortgage-backed obligations 19,336 13,183
Net increase in loans receivable (20,630) (7,939)
Proceeds from sale of foreclosed real estate 972 867
Purchase of Federal Home Loan Bank Stock (329) 0
Purchase of premises and equipment (1,138) (1,384)
Proceeds from settlement of bank-owned life insurance policies 804 0
Net Cash Used In Investing Activities (35,421) (66,642)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 862 21,570
Net increase in advances from Federal Home Loan Bank 4,000 0
Purchase of treasury stock (18) (34)
Dividends paid (2,150) (2,116)
Net Cash Provided By Financing Activities 2,694 19,420
Net Decrease in Cash and Cash Equivalents (21,037) (38,793)
Cash and cash equivalents at beginning of period 45,835 109,174
Cash and Cash Equivalents at End of Period $ 24,798 $ 70,381