XML 18 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 11,050 $ 8,767
Adjustments to reconcile net income to net cash from operating activities    
Depreciation 1,303 1,461
Provision for loan losses 2,033 1,436
Amortization (accretion), net 1,166 2,010
OREO writedowns, net 434 508
Stock compensation expense 194 160
Changes in:    
Interest receivable (198) (259)
Other assets (24) (140)
Interest payable (6) (76)
Other liabilities (1,045) (2,071)
Net cash from operating activities 14,907 11,796
Cash flows from investing activities    
Net change in time deposits with other banks (250) 0
Purchases of securities available for sale (49,210) (22,512)
Proceeds from maturities and calls of securities available for sale 50,787 62,011
Redemption of FRB and FHLB stock 15 190
Net change in loans (30,865) (51,417)
Acquisition of subsidiary, net of cash received 0 16,385
Purchases of premises and equipment, net (654) (413)
Proceeds from sales of other real estate acquired through foreclosure 1,827 870
Net cash from (used in) investing activities (28,350) 5,114
Cash flows from financing activities    
Net change in deposits (10,020) 8,246
Net change in agreements to repurchase securities 1,296 3,282
Repayment of other borrowed funds (2,859) (1,824)
Proceeds from stock option exercises 248 645
Repayment of FHLB advances, net 0 (772)
Common stock dividends paid (4,796) (4,338)
Net cash from (used in) financing activities (16,131) 5,239
Net change in cash and cash equivalents (29,574) 22,149
Cash and cash equivalents at beginning of period 104,718 72,539
Cash and cash equivalents at end of period 75,144 94,688
Supplemental disclosures of cash flow information:    
Cash paid during period for interest 3,333 3,555
Cash paid during period for income taxes 6,395 5,122
Loans transferred to real estate acquired through foreclosure 983 631
Stock issued to acquire subsidiary 0 22,041
Premises transferred to other real estate owned $ 71 $ 0