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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 earnings $ 2,491 $ 2,349
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 1,493 1,512
Amortization (accretion) of purchase accounting adjustments 2 (288)
Provision for loan losses 2,800 2,800
Deferred tax benefit (222) (503)
Amortization of premiums on securities, net 686 681
Stock-based compensation expense 81 97
Excess of market value over book value of ESOP shares released 27 (36)
Net gain on sale of investment securities (6) 0
Net (gain) loss on sale of other real estate owned (8) 24
Net write down of other real estate owned 23 120
Net gain on sale/disposal of premises and equipment (12) (14)
Change in accrued interest receivable 60 (135)
Change in accrued interest payable (11) (9)
Change in other assets & other liabilities, net 510 454
Net cash provided by operating activities 8,247 7,178
Cash flows from investing activities:    
Proceeds from maturities and calls of securities available-for-sale 14,631 18,379
Proceeds from maturities and calls of securities held-to-maturity 5,865 2,919
Proceeds from sale of securities available-for-sale 6,462 0
Proceeds from sale of security held-to-maturity 887 0
Purchases of securities available-for-sale (36,672) 0
Purchases of other investments (7) (7)
Net change in loans 9,687 12,293
Purchases of premises and equipment (887) (915)
Proceeds from sale of premises and equipment 144 40
Proceeds from sale of other real estate owned 612 245
Net cash provided by investing activities 722 32,954
Cash flows from financing activities:    
Change in deposits (6,486) 7,366
Change in securities sold under agreements to repurchase (4,654) 1,922
Borrowings on Federal Home Loan Bank advances 0 25,000
Repayments of Federal Home Loan Bank advances (17) (50,017)
Proceeds from exercise of stock options 266 0
Payment of dividends on preferred stock (811) (171)
Payment of dividends on common stock (1,024) (1,023)
Net cash used by financing activities (12,726) (16,923)
Net (decrease) increase in cash and cash equivalents (3,757) 23,209
Cash and cash equivalents, beginning of period 82,228 89,201
Cash and cash equivalents, end of period 78,471 112,410
Supplemental cash flow information:    
Interest paid 1,476 1,429
Noncash investing and financing activities:    
Transfer of loans to other real estate 95 110
Change in accrued common stock dividends 1 0
Change in accrued preferred stock dividends 0 256
Net change in loan to ESOP 109 (191)
Directors Deferred Compensation Plan    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Net excess tax benefit from stock-based compensation 300 39
Employee Stock Ownership Plan    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Net excess tax benefit from stock-based compensation 23 87
Stock Option and Restricted Stock [Member]    
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Net excess tax benefit from stock-based compensation $ 10 $ 0