XML 19 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 15,799 $ 11,493
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 1,525 2,000
Depreciation and amortization 1,499 1,767
Net amortization of securities 1,544 1,706
Security (gains) losses (45) 1
Loss on land and building sales, net 0 18
Stock compensation expense 734 577
(Gain) loss on sale of other real estate owned (16) (24)
Earnings on bank owned life insurance (441) (392)
Origination of loans held for sale (26,026) (32,119)
Proceeds from loans held for sale 25,404 33,389
Net gains on sale of loans (1,093) (1,498)
Net change in other assets and liabilities (2,878) (2,950)
NET CASH FROM OPERATING ACTIVITIES 16,006 13,968
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and repayments of securities available for sale 20,727 22,659
Proceeds from sales of securities available for sale 2,629 54,482
Purchases of securities available for sale (24,509) (87,203)
Purchase of restricted stock (735) (892)
Loan originations and payments, net (62,908) (78,828)
Proceeds from sale of other real estate owned 209 354
Additions to premises and equipment (139) (664)
NET CASH FROM INVESTING ACTIVITIES (64,726) (90,092)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 45,618 16,247
Net change in short-term borrowings 26,386 90,724
Repayment of long-term borrowings (404) (5,417)
Cash dividends paid (3,871) (2,706)
Proceeds from reissuance of treasury shares 0 138
NET CASH FROM FINANCING ACTIVITIES 67,729 98,986
NET CHANGE IN CASH AND CASH EQUIVALENTS 19,009 22,862
Beginning cash and cash equivalents 57,614 41,778
Ending cash and cash equivalents 76,623 64,640
Supplemental cash flow information:    
Interest paid 5,123 2,988
Income taxes paid 4,100 2,500
Supplemental noncash disclosures:    
Transfer of loans to other real estate 22 84
Security purchases not settled 5,481 6,957
Issuance of stock awards $ 706 $ 133