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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows From Operating Activities    
Net Income $ 5,951 $ 5,809
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 785 708
Provision for loan losses 400 300
Deferred income tax provision (credit) 93 (24)
Net amortization of investment securities 151 67
Equity in losses of limited partnerships 365 492
Stock based compensation expense 29 16
Net increase in unamortized loan costs (136) (125)
Proceeds from sales of loans held for sale 104,642 74,327
Origination of loans held for sale (98,941) (74,958)
Net gains on sales of loans held for sale (2,214) (1,594)
Net loss on disposals of premises and equipment 6 19
Net gains on sales of investment securities available-for-sale (41) (296)
Write-downs of impaired assets 29 0
Net gains on sales of other real estate owned (28) (134)
Increase in accrued interest receivable (34) (160)
Amortization of core deposit intangible 129 129
Increase in other assets (1,105) (61)
Decrease in other liabilities (305) (37)
Net cash provided by operating activities 9,776 4,478
Interest bearing deposits in banks    
Proceeds from maturities and redemptions 2,832 8,622
Purchases (3,333) (3,121)
Investment securities held-to-maturity    
Proceeds from maturities, calls and paydowns 2,000 3,571
Purchases 0 (2,000)
Investment securities available-for-sale    
Proceeds from sales 11,040 7,323
Proceeds from maturities, calls and paydowns 5,203 3,847
Purchases (21,487) (19,664)
Net increase in loans (18,074) (20,276)
Recoveries of loans charged off 44 30
Purchases of premises and equipment (1,798) (1,203)
Purchase of company-owned life insurance (5,000) 0
Investments in limited partnerships (32) 0
Proceeds from sales of other real estate owned 295 536
Net cash used in investing activities (28,310) (22,335)
Cash Flows From Financing Activities    
Repayment of long-term debt (219) (3,517)
Net increase in short-term borrowings outstanding 2,522 5,241
Net increase in noninterest bearing deposits 13,229 7,357
Net increase in interest bearing deposits 6,224 27,830
Net decrease in time deposits (27,632) (22,503)
Issuance of common stock 53 39
Purchase of treasury stock (91) (45)
Dividends paid (3,612) (3,479)
Net cash (used in) provided by financing activities (9,526) 10,923
Net decrease in cash and cash equivalents (28,060) (6,934)
Cash and cash equivalents    
Beginning of period 41,744 30,719
End of period 13,684 23,785
Supplemental Disclosures of Cash Flow Information    
Interest paid 1,679 1,735
Income taxes paid 1,460 1,170
Supplemental Schedule of Noncash Investing and Financing Activities    
Other real estate acquired in settlement of loans 59 464
Loans originated to finance the sale of other real estate owned $ 0 $ 300