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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 9,754 $ 8,122
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of securities (66) (122)
Loss on disposal of fixed assets 2 2
(Gain) loss on sale on foreclosed assets (12) 1
Writedowns on foreclosed assets 75 262
Share-based compensation expense 441 169
Provision for loan losses 300 0
Depreciation and amortization 1,462 1,209
Net amortization on securities premiums and discounts 3,433 3,312
(Accretion) amortization of discounts/premiums for loans acquired and deferred loan fees/costs (80) 164
(Increase) decrease in cash surrender value of life insurance policies (1,109) 311
Amortization of core deposit intangible 213 78
Increase in interest receivable and other assets (3,907) (11)
Decrease (increase) in other liabilities 185 (3,959)
Deferred income tax provision 133 310
Net cash provided by operating activities 10,824 9,848
Cash flows from investing activities:    
Maturities of securities available for sale 0 30
Proceeds from sales/calls of securities available for sale 17,625 5,365
Purchases of securities available for sale (114,633) (70,675)
Principal pay downs on securities available for sale 49,856 45,536
Purchases of FHLB stock (235) (399)
Net increase in loans receivable, net (37,321) (24,129)
Purchases of premises and equipment, net (920) (1,901)
Proceeds from sale premises and equipment 0 231
Proceeds from sales of foreclosed assets 99 729
Net cash used in investing activities (85,529) (45,213)
Cash flows from financing activities:    
Increase in deposits 96,386 21,446
(Decrease) increase in borrowed funds (65,000) 16,400
Increase in fed funds purchased 0 4,100
Increase in repurchase agreements 3,202 789
Cash dividends paid (3,867) (3,185)
Stock options exercised 717 233
Net cash provided by financing activities 31,438 39,783
(Decrease) increase in cash and due from banks (43,267) 4,418
Cash and cash equivalents, Beginning of period 120,442 48,623
Cash and cash equivalents, End of period $ 77,175 $ 53,041