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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net earnings $ 7,240 $ 9,179
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 4,431 4,652
Accretion of purchase accounting adjustments (569) (1,003)
Provision for loan losses 8,000 10,900
Deferred tax benefit (781) (1,633)
Amortization of premiums on securities, net 2,170 2,141
Accretion of other investments 0 (1)
Stock option expense 126 253
Restricted stock expense 39 6
Excess of book value over market value of ESOP shares released (88) 0
Net gain on sale of investment securities (20) (1,243)
Net loss (gain) on sale of other real estate owned 56 (13)
Net write down of other real estate owned 130 111
Net gain on sale/disposal of premises and equipment (6) (8)
Income recognized from death benefit on bank owned life insurance 0 (160)
Change in accrued interest receivable (568) (20)
Change in accrued interest payable (42) (48)
Change in other assets & other liabilities, net 1,152 481
Net cash provided by operating activities 21,270 23,594
Cash flows from investing activities:    
Proceeds from maturities and calls of securities available-for-sale 47,547 55,874
Proceeds from maturities and calls of securities held-to-maturity 12,629 19,299
Proceeds from sale of securities available-for-sale 6,803 40,277
Purchases of securities available-for-sale (49,538) (105,486)
Proceeds from sale of other investments 600 898
Purchases of other investments (751) (2,970)
Net change in loans (12,736) (20,669)
Proceeds from bank owned life insurance death benefit 0 498
Purchases of premises and equipment (5,152) (3,439)
Proceeds from sale of premises and equipment 54 35
Proceeds from sale of other real estate owned 2,374 857
Payments to Acquire Other Real Estate 0 351
Net cash provided by (used in) investing activities 1,830 (15,177)
Cash flows from financing activities:    
Change in deposits 34,385 (41,728)
Change in securities sold under agreements to repurchase 9,253 29,987
Borrowings on Federal Home Loan Bank advances 25,000 150,000
Repayments of Federal Home Loan Bank advances (50,050) (105,047)
Proceeds and tax benefit from exercise of stock options 0 99
Tax benefit resulting from distribution from Directors Deferred Compensation Plan 127 420
ExcessTaxBenefitFromDividendsPaidtoESOP 131 0
Payment of dividends on preferred stock (1,409) (519)
Payment of dividends on common stock (3,071) (3,064)
Net cash provided by financing activities 14,366 30,148
Net increase in cash and cash equivalents 37,466 38,565
Cash and cash equivalents, beginning of period 89,201 86,872
Cash and cash equivalents, end of period 126,667 125,437
Supplemental cash flow information:    
Interest paid 4,274 4,280
Income taxes paid 2,853 5,180
Noncash investing and financing activities:    
Transfer of loans to other real estate 690 1,031
Change in accrued common stock dividends 0 3
Change in accrued preferred stock dividends 640 (2)
Net change in loan to ESOP $ (249) $ (905)