XML 19 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Cash Flows from Operating Activities:      
Net income $ 6,003 $ 5,812  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for (recovery of) loan losses 16 (44) $ (103)
Depreciation 405 466  
Net accretion of acquisition accounting adjustments (255) (427)  
Core deposit intangible amortization 55 77  
Net amortization of securities 312 430  
Net gain on sale or call of securities available for sale (4) (8)  
Net change in fair value of equity securities (319) (113)  
Gain on sale of loans held for sale (406) (450)  
Proceeds from sales of loans held for sale 15,366 17,947  
Originations of loans held for sale (15,572) (17,650)  
Net gain on other real estate owned (8) (6)  
Valuation allowance on other real estate owned 6 0  
Net gain on sale of premises and equipment 0 (3)  
Equity based compensation expense 313 278  
Earnings on bank owned life insurance (106) (106)  
Deferred income tax expense (benefit) 222 (2)  
Net change in interest receivable 76 286  
Net change in other assets (602) (644)  
Net change in interest payable 51 24  
Net change in other liabilities (873) 59  
Net cash provided by operating activities 4,680 5,926  
Cash Flows from Investing Activities:      
Proceeds from sales of equity securities 80 0  
Proceeds from sales of securities available for sale 0 22,066  
Proceeds from maturities, calls and paydowns of securities available for sale 18,586 9,824  
Purchases of securities available for sale (6,565) (27,272)  
Net change in restricted stock (52)    
Net change in restricted stock   889  
Net (increase) decrease in loans (2,321)    
Net (increase) decrease in loans   14,840  
Proceeds from sale of premises and equipment 0 24  
Purchases of premises and equipment (393) (345)  
Proceeds from sales of other real estate owned 225 47  
Net cash provided by investing activities 9,560 20,073  
Cash Flows from Financing Activities:      
Net change in demand, money market, and savings deposits (20,932) 26,591  
Net change in time deposits 14,495 (2,066)  
Net change in customer repurchase agreements 702 (260)  
Net change in other short-term borrowings 0 (24,000)  
Common stock dividends paid (2,189) (2,173)  
Proceeds from exercise of stock options 290 85  
Net cash used in financing activities (7,634) (1,823)  
Net Increase in Cash and Cash Equivalents 6,606 24,176  
Cash and Cash Equivalents at Beginning of Period 64,255 52,477 52,477
Cash and Cash Equivalents at End of Period $ 70,861 $ 76,653 $ 64,255