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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net income $ 5,238 $ 4,007
Items not requiring cash    
Provision for loan losses 475 450
Depreciation and amortization 1,521 1,269
Increase in cash value of life insurance (302) (289)
Net amortization (accretion) of purchase accounting adjustments 17 (61)
Loans originated for sale (30,452) (19,259)
Proceeds from sales of loans held for sale 26,703 20,729
Net gain on sale of loans (1,030) (635)
Net gain on sale of securities, available for sale (444) (154)
Gain on bank owned life insurance   (326)
Loss on sale of other real estate and repossessed assets 29 68
Change in    
Interest receivable and other assets 1,163 927
Interest payable and other liabilities (1,772) (541)
Other adjustments (281) 22
Net cash provided by operating activities 865 6,207
Investing Activities    
Net change in interest-bearing time deposits (72) 5,973
Purchases of securities    
Purchases of securities, available for sale (14,599) (37,305)
Proceeds from maturities and paydowns of securities    
Available for sale 7,359 6,332
Proceeds from sales of securities, available for sale 10,785 36,811
Purchase of Federal Home Loan Bank stock (81)  
Net change in loans (9,586) (17,736)
Net cash and cash equivalents paid in acquisition   (7,673)
Purchases of premises and equipment (540) (390)
Proceeds from sale of real estate owned and repossessed assets 942 366
Proceeds from bank owned life insurance   1,669
Proceeds from sale of premises and equipment 375 67
Net cash used in investing activities (5,417) (11,886)
Net change in    
Noninterest-bearing, interest-bearing demand and savings deposits 16,012 19,727
Certificates of deposit 24,534 3,462
Proceeds from FHLB advances 100,500 112,600
Repayments of FHLB advances (136,800) (124,700)
Proceeds from other borrowings   10,000
Repayments of other borrowings (202) (138)
Cash dividends (1,725) (1,544)
Stock options exercised 169  
Net cash provided by financing activities 2,488 19,407
Net Change in Cash and Cash Equivalents (2,064) 13,728
Cash and Cash Equivalents, Beginning of Period 33,414 27,341
Cash and Cash Equivalents, End of Period 31,350 41,069
Additional Cash Flows Information    
Interest paid 5,306 3,026
Transfers from loans to foreclosed assets 727 445
Mortgage servicing rights capitalized 64 56
Right of use assets obtained in exchange for lease obligations $ 3,603  
Fair value of assets acquired   406,928
Cash paid in acquisition   (18,999)
Common stock issued   (42,323)
Liabilities assumed   $ 345,606