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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 $ 2,979 $ 3,142
Adjustments to reconcile net income to net cash from operating activities    
Depreciation 472 420
Provision for loan losses 312 69
Amortization (accretion), net 577 58
OREO writedowns (gains on sales), net (11) 177
Stock compensation expense 120 139
Loans originated for sale 0 (1,679)
Secondary market loans sold 0 1,308
Secondary market income 0 (38)
Gain on disposition of securities (4) 0
Changes in:    
Interest receivable 45 114
Other assets 859 544
Interest payable (37) (48)
Other liabilities (1,567) 523
Net cash from operating activities 3,745 4,729
Cash flows from investing activities    
Purchases of securities available for sale 0 (8,757)
Proceeds from maturities and calls of securities available for sale 18,389 15,350
Redemption of FRB stock 143 0
Purchase of subsidiaries, net of cash received 16,385 0
Net change in loans (4,132) 6,587
Purchases of premises and equipment, net (54) (180)
Improvements to OREO property (30) 0
Proceeds from sales of other real estate acquired through foreclosure 71 1,652
Net cash from investing activities 30,772 14,652
Cash flows from financing activities    
Net change in deposits 18,823 14,603
Net change in agreements to repurchase securities 671 2,519
Repayment of FHLB Advances (53) 0
Repayment of other borrowed funds (608) (607)
Proceeds from stock option exercises 81 11
Common stock dividends paid (1,439) (1,058)
Net cash from financing activities 17,475 15,468
Net change in cash and cash equivalents 51,992 34,849
Cash and cash equivalents at beginning of period 72,539 75,384
Cash and cash equivalents at end of period 124,531 110,233
Supplemental disclosures of cash flow information:    
Cash paid during period for interest 1,196 1,097
Cash paid during period for income taxes 205 0
Loans transferred to real estate acquired through foreclosure $ 416 $ 1,140