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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES    
Net Income $ 3,209 $ 2,686
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 386 719
Amortization of intangible assets 80 90
Provision for loan losses 160 330
Accretion and amortization of investment security discounts and premiums 195 255
Net securities losses (gains), available for sale 9 (197)
Originations of loans held for sale (8,762) (10,964)
Proceeds of loans held for sale 9,465 12,054
Gain on sale of loans (255) (358)
Net equity securities losses (34) 0
Net equity securities losses 34 0
Net securities losses (gains), trading (3) (2)
Proceeds from the sale of trading securities 233 169
Purchases of trading securities (222) (109)
Earnings on bank-owned life insurance (173) (172)
Decrease (increase) in deferred tax asset (170) 174
Security Trades Payable (3,689) 1,933
Other, net (561) (2,076)
Net cash used for operating activities (64) 4,532
INVESTING ACTIVITIES    
Proceeds from sales of available for sale securities 3,363 2,652
Proceeds from calls and maturities of available for sale securities 660 3,958
Purchases of available for sale securities (12,935) (9,699)
Net increase in loans (35,900) (18,200)
Acquisition of premises and equipment (323) (557)
Proceeds from the sale of foreclosed assets 16 586
Purchase of bank-owned life insurance (27) (30)
Proceeds from redemption of regulatory stock 5,335 1,162
Purchases of regulatory stock (5,486) (1,007)
Net cash used for investing activities (45,297) (21,135)
FINANCING ACTIVITIES    
Net increase in interest-bearing deposits 45,189 56,335
Net increase in noninterest-bearing deposits 945 9,115
Proceeds from long-term borrowings 55,000 0
Repayment of long-term borrowings (2,000) (10,000)
Net decrease in short-term borrowings (41,443) (4,652)
Dividends paid (2,204) (2,225)
Issuance of common stock 23 19
Net cash provided by financing activities 55,510 48,592
NET INCREASE IN CASH AND CASH EQUIVALENTS 10,149 31,989
CASH AND CASH EQUIVALENTS, BEGINNING 27,243 43,671
CASH AND CASH EQUIVALENTS, ENDING 37,392 75,660
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 1,757 1,414
Income taxes paid 500 0
Transfer of loans to foreclosed real estate $ 96 $ 460