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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities    
Net income $ 7,700 $ 7,380
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation 727 685
Provision for loan losses 549 (62)
Share-based compensation 7 7
Forfeiture of common stock 0 (22)
Compensation expensed through issuance of common stock 127 57
Excess tax benefits from share-based compensation (2) (4)
Provision for deferred income taxes (481) (295)
Net gain on sale of other real estate owned and other repossessed assets (34) (7)
Increase in accrued interest receivable (1,348) (826)
Amortization of premium on investment securities, net 148 172
Decrease (increase) in other assets 739 (413)
Increase in accrued interest payable and other liabilities 1,567 4,750
Loans originated for sale (32,243) (40,577)
Proceeds on sales of loans 33,515 37,050
Net gain on sales of loans (289) (308)
Net cash and cash equivalents provided by operating activities 10,682 7,587
Cash Flows from Investing Activities    
Proceeds from maturities of investment securities available for sale 11,031 11,906
Purchases of investment securities available for sale (10,627) (12,029)
Loans made to customers, net of collections (8,995) (9,131)
Proceeds on sale of other real estate owned and other repossessed assets 133 55
Purchases of property and equipment (1,619) (4,080)
Income from tax credit real estate, net 68 214
Net cash and cash equivalents used in investing activities (10,009) (13,065)
Cash Flows from Financing Activities    
Net increase in deposits 88,879 72,266
Net increase (decrease) in other borrowings 1,330 (6,571)
Net increase in FHLB borrowings 15,000 0
Excess tax benefits related to share-based compensation 2 4
Purchase of treasury stock (1,579) (195)
Dividends paid (6,060) (5,855)
Net cash and cash equivalents provided by financing activities 97,572 59,649
Increase in cash and cash equivalents 98,245 54,171
Cash and cash equivalents:    
Beginning of period 35,427 29,174
End of period 133,672 83,345
Cash payments for:    
Interest paid to depositors 1,929 2,207
Interest paid on other obligations 2,162 1,471
Income taxes paid 342 120
Noncash activities:    
Increase in maximum cash obligation related to ESOP shares 426 436
Transfers to other real estate owned 0 63
Sale and financing of other real estate owned $ 135 $ 113