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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net income $ 4,063 $ 4,128
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 300 50
Depreciation 444 475
Net accretion of acquisition accounting adjustments (434) (1,001)
Core deposit intangible amortization 165 288
Net amortization of securities 542 686
Net gains on sale or call of securities (259) (366)
Gain on sale of loans held for sale (420) (233)
Proceeds from sales of loans held for sale 22,668 14,131
Originations of loans held for sale (18,124) (11,417)
Net loss on other real estate owned 3 50
Valuation allowance on other real estate owned 26 53
Net gain on sale of premises and equipment 0 (1)
Equity based compensation expense 309 244
Earnings on bank owned life insurance (107) (115)
Deferred income tax expense (benefit) 438 (1,716)
Net change in interest receivable 601 (592)
Net change in other assets (350) 883
Net change in interest payable (49) 8
Net change in other liabilities 250 964
Net cash provided by operating activities 10,066 6,519
Cash Flows from Investing Activities:    
Proceeds from sales of securities available for sale 41,519 12,867
Proceeds from maturities, calls and paydowns of securities available for sale 12,885 26,127
Purchases of securities available for sale 0 (54,107)
Net change in restricted stock 732 (43)
Net increase in loans (55,067) (28,080)
Proceeds from sale of premises and equipment 0 1
Purchases of premises and equipment (663) (149)
Proceeds from sales of other real estate owned 37 685
Net cash used in investing activities (557) (42,699)
Cash Flows from Financing Activities:    
Net change in demand, money market, and savings deposits 53,087 26,048
Net change in time deposits (7,623) 3,723
Net change in customer repurchase agreements 8,610 1,573
Net change in other short-term borrowings (20,000) 0
Common stock dividends paid (2,073) (2,065)
Repurchase of common stock 0 (964)
Proceeds from exercise of stock options 73 59
Net cash provided by financing activities 32,074 28,374
Net Increase (Decrease) in Cash and Cash Equivalents 41,583 (7,806)
Cash and Cash Equivalents at Beginning of Period 53,207 95,337
Cash and Cash Equivalents at End of Period $ 94,790 $ 87,531