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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income $ 11,720 $ 2,321
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,030 989
Net amortization of loans and investment securities 922 1,307
Provision for loan losses 237 9,579
Increase in fair value of equity securities (10) (18)
Debt securities gains, net (256) (56)
Pay-out of legal settlement   (10,000)
Provision for credit losses on off-balance sheet exposures   2,361
Loans originated for sale (32,220) (16,137)
Proceeds from sale of loans 30,409 15,507
Write-down of other real estate owned 6 6
Gain on sale of other real estate owned (9)  
Acquisition of other real estate owned   105
Loss on sale of premises   17
Increase in cash surrender value of life insurance (383) (386)
Stock option compensation   185
Contribution to pension plan   (1,000)
Decrease (increase) in other assets 1,538 (4,441)
(Decrease) increase in other liabilities 1,582 1,638
Net cash provided (used) by operating activities 14,566 1,977
Cash flows from investing activities    
Net increase in long-term interest-bearing deposits in other banks (9,496)  
Proceeds from sales and calls of investment securities available for sale 18,781 4,115
Proceeds from maturities and pay-downs of securities available for sale 25,233 14,289
Purchase of investment securities available for sale (57,669) (20,276)
Net (increase) decrease in restricted stock (13) 4
Net decrease (increase) in loans 35,700 (36,188)
Capital expenditures (610) (599)
Proceeds from sale of other assets   117
Net proceeds from the sale of other real estate owned 74 32
Net cash provided by (used in) investing activities 12,000 (38,506)
Cash flows from financing activities    
Net increase in demand deposits, interest-bearing checking, and savings accounts 49,392 32,411
Net (decrease) increase in time deposits 27,580 (7,735)
Dividends paid (3,811) (3,410)
Purchase of Treasury shares (3,843)  
Treasury shares issued under dividend reinvestment plan 236 352
Common stock issued under stock option plans 1,057 1,085
Net cash provided by financing activities 70,611 22,703
Increase (decrease) in cash and cash equivalents 97,177 (13,826)
Cash and cash equivalents at the beginning of the period 52,957 58,603
Cash and cash equivalents at the end of the period 150,134 44,777
Supplemental Disclosures of Cash Flow Information    
Cash paid during the year for: Interest on deposits and other borrowed funds 5,181 2,818
Cash paid during the year for: Income taxes   250
Noncash Activities:    
Loans transferred to Other Real Estate 80 $ 105
Recognition of Operating Lease Right-of-Use Asset 22  
Recognition of Operating Lease Liability $ 22