XML 19 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 9,439 $ 6,363
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 973 1,002
Net amortization of loans and investment securities 1,269 1,218
Amortization and net change in mortgage servicing rights valuation 41 41
Provision for loan losses 420 3,325
Gain on sales of securities (3) (4)
Impairment write-down on securities recognized in earnings   30
Loans originated for sale (6,773) (6,598)
Proceeds from sale of loans 6,861 6,692
Write-down of other real estate owned 60 46
Write-down on premise and equipment available for sale 45  
Net loss on sale or disposal of other real estate/other repossessed assets 23 31
Increase in cash surrender value of life insurance (391) (399)
Stock option compensation 161 88
Decrease in other assets (1,242) 154
Increase (decrease) in other liabilities 2,753 (2,247)
Net cash provided by operating activities 13,636 9,742
Cash flows from investing activities    
Proceeds from sales and calls of investment securities available for sale 875 1,925
Proceeds from maturities and pay-downs of securities available for sale 16,875 18,984
Purchase of investment securities available for sale (6,533) (16,605)
Net decrease in restricted stock 1,311 (336)
Net increase in loans (17,643) (79,275)
Capital expenditures (871) (515)
Proceeds from surrender of life insurance policy   436
Proceeds from sale of other assets 154  
Proceeds from sale of other real estate 2,255 625
Net cash used in investing activities (3,577) (74,761)
Cash flows from financing activities    
Net increase in demand deposits, interest-bearing checking, and savings accounts 50,325 68,454
Net increase (decrease) in time deposits 703 (8,414)
Net decrease (increase) in short-term borrowings 24,270 (8,530)
Dividends paid (2,988) (2,618)
Treasury shares issued under employee stock purchase plan 149  
Treasury shares issued under dividend reinvestment plan 718  
Common stock issued under stock option plans   71
Common stock issued under dividend reinvestment plan   1,124
Purchase of Treasury shares   (700)
Net cash provided by financing activities 24,637 66,447
Increase in cash and cash equivalents 34,696 1,428
Cash and cash equivalents as of January 1 36,665 39,166
Cash and cash equivalents as of September 30 71,361 40,594
Supplemental Disclosures of Cash Flow Information    
Cash paid during the year for: Interest on deposits and other borrowed funds 1,786 1,643
Cash paid during the year for: Income taxes 3,405 2,100
Noncash Activities    
Loans transferred to Other Real Estate $ 52 $ 123