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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows From Operating Activities    
Net income $ 7,049 $ 5,856
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,736 1,536
(Recovery of) provision for loan losses (407) 1,510
Gain on sales of securities available for sale, net (138) (141)
Loss on disposal of assets, net 65 59
Premium amortization on securities, net 2,937 2,114
Decrease in loans held for sale, net 0 33,175
Share-based compensation 443 297
Gain on sale of majority interest in consolidated subsidiary 0 (24)
Loss (gain) on sale of other real estate owned, net 46 (238)
Valuation adjustment on other real estate owned 177 222
Valuation adjustment on property held for sale 0 200
Changes in assets and liabilities:    
Increase in other assets (1,854) (2,431)
(Decrease) increase in other liabilities (135) 3,025
Net cash provided by operating activities 9,919 45,160
Cash Flows from Investing Activities    
Proceeds from maturities, calls, principal repayments and sales of securities available for sale 82,336 102,344
Purchase of securities available for sale (110,464) (105,448)
(Purchase) redemption of restricted stock, net (70) 1,951
(Purchase) sale of bank premises and equipment, net (2,756) 988
Origination of loans, net (27,847) $ (8,117)
Proceeds from sale of loans 1,127
Proceeds from sale of majority interest in consolidated subsidiary, net 0 $ 3,618
Proceeds from sale of other real estate owned and repossessed assets 766 1,680
Net cash used in investing activities (56,908) (2,984)
Cash Flows from Financing Activities    
Increase in demand, interest-bearing demand and savings deposits 42,720 23,885
Increase (decrease) in time deposits 553 (19,715)
Increase (decrease) in securities sold under agreements to repurchase (14,083) 1,930
Increase (decrease) in FHLB borrowings 5,000 (35,000)
Payment of dividends on common stock (2,361) (1,706)
Proceeds from issuance of common stock, net 0 300
Repurchase of common stock (83) (88)
Net cash provided by (used in) financing activities 31,746 (30,394)
Increase (decrease) in cash and and cash equivalents (15,243) 11,782
Cash and cash equivalents at beginning of the period 55,022 67,343
Cash and cash equivalents at end of the period 39,779 79,125
Supplemental Disclosures of Cash Flow Information    
Interest paid 3,158 4,194
Income taxes 2,560 500
Supplemental Disclosure of Non-Cash Transactions    
Unrealized (loss) gain on securities available for sale (813) 5,480
Change in market value of interest rate swap (201) (41)
Transfer of loans to other real estate owned and repossessed assets $ 720 $ 4,438