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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 26,085 $ 23,883
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 1,850 2,475
Depreciation and amortization 2,134 2,241
Net amortization of securities 1,787 2,258
Available for sale security loss 18 24
Realized gains on equity securities (32) (35)
Loss on premises and equipment sales and disposals, net 28 0
Stock compensation expense 1,024 1,175
(Gain) loss on adjustment of other real estate owned 59 (16)
Earnings on bank owned life insurance (626) (660)
Origination of loans held for sale (45,220) (51,261)
Proceeds from loans held for sale 47,247 51,851
Net gains on sale of loans (2,869) (1,897)
Net change in other assets and liabilities (5,343) (3,202)
NET CASH FROM OPERATING ACTIVITIES 26,142 26,836
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities and repayments of securities available for sale 24,513 28,993
Proceeds from sales of securities available for sale 14,082 7,020
Purchases of securities available for sale (41,378) (48,252)
Proceeds from sales of equity securities 968 45
Purchase of equity securities (1,594) (1,326)
Proceeds from redemption of restricted stock 8 0
Purchase of restricted stock 0 (1,156)
Loan originations and payments, net (49,734) (115,586)
Proceeds from sale of other real estate owned 135 209
Proceeds from land and building sales 62 0
Additions to premises and equipment (1,269) (336)
NET CASH FROM INVESTING ACTIVITIES (54,207) (130,389)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 240,932 153,992
Net change in short-term borrowings (213,758) (25,506)
Proceeds from long-term borrowings 45,000 0
Repayment of long-term borrowings (5,747) (817)
Cash dividends paid (7,771) (6,095)
Repurchase of common shares (2,842) 0
NET CASH FROM FINANCING ACTIVITIES 55,814 121,574
NET CHANGE IN CASH AND CASH EQUIVALENTS 27,749 18,021
Beginning cash and cash equivalents 57,926 57,614
Ending cash and cash equivalents 85,675 75,635
Supplemental cash flow information:    
Interest paid 14,330 8,627
Income taxes paid 4,850 5,600
Supplemental noncash disclosures:    
Transfer of loans to other real estate 268 22
Security purchases not settled 1,022 1,118
Issuance of stock awards $ 1,169 $ 2,238