XML 35 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 5,358 $ 4,145
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 675 732
Net amortization of loans and investment securities 796 893
Amortization and net change in mortgage servicing rights valuation 9 8
Amortization of intangibles 181 207
Provision for loan losses 635 464
Net realized gains on sales of securities (8) (221)
Impairment writedown on securities recognized in earnings 20  
Gain on conversion (728)  
Loans originated for sale (3,812) (3,554)
Proceeds from sale of loans 2,446 3,303
Writedown of premises and equipment 60  
Writedown on other real estate owned   200
Net gain on sale or disposal of other real estate/other repossessed assets (32) (15)
Increase in cash surrender value of life insurance (279) (286)
Decrease (increase) in other assets 1,380 (118)
(Decrease) increase in other liabilities (2,195) 613
Net cash provided by operating activities 4,506 6,371
Cash flows from investing activities    
Proceeds from sales and calls of investment securities available for sale 1,381 1,582
Proceeds from maturities and paydowns of securities available for sale 14,132 12,313
Purchase of investment securities available for sale (21,689) (28,362)
Net decrease in restricted stock (1) (32)
Net increase in loans (7,256) (10,012)
Capital expenditures (190) (321)
Proceeds from sale of other real estate/other repossessed assets 129 493
Net cash used in investing activities (13,494) (24,339)
Cash flows from financing activities    
Net increase in demand deposits, NOW, and savings accounts 41,406 63,087
Net decrease in time deposits (6,528) (8,107)
Net decrease in repurchase agreements (9,079) (21,570)
Long-term debt payments   (403)
Dividends paid (1,522) (1,419)
Treasury stock issued under stock option plans 86 52
Common stock issued under dividend reinvestment plan 435 374
Net cash provided by financing activities 24,798 32,014
Increase in cash and cash equivalents 15,810 14,046
Cash and cash equivalents as of January 1 48,593 40,745
Cash and cash equivalents as of June 30 64,403 54,791
Supplemental Disclosures of Cash Flow Information    
Cash paid during the year for: Interest on deposits and other borrowed funds 1,304 1,670
Cash paid during the year for: Income taxes 1,513 236
Noncash Activities    
Loans transferred to Other Real Estate $ 449 $ 82