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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities    
Net income $ 4,708 $ 4,728
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,301 1,171
Provision for (recovery of) loan losses 350 25
Originations of mortgage loans held for sale (1,186) (287)
Proceeds from the sales of mortgage loans held for sale 1,009 281
(Gains) losses on the sales of mortgage loans held for sale, net (12) 6
Gains on sales of securities available for sale, net (373) (138)
Losses on disposal of assets, net 2 9
Premium amortization on securities, net 2,232 1,927
Share-based compensation 445 280
(Gains) losses on sale of other real estate owned, net (50) 35
Valuation adjustments on other real estate owned 144 20
Increase in bank owned life insurance cash surrender value (323) (323)
Changes in assets and liabilities:    
Increase in other assets (352) (1,124)
Increase (decrease) in other liabilities 745 (498)
Net cash provided by operating activities 8,640 6,112
Cash Flows from Investing Activities    
Proceeds from calls, principal repayments and sales of securities available for sale 72,830 62,646
Purchase of securities available for sale (44,213) (69,277)
Purchase of securities held to maturity (6,520) 0
(Purchase) redemption of restricted stock, net 168 (495)
Purchase of bank premises and equipment, net (97) (2,471)
Loan originations, net (17,390) (4,060)
Purchases of loans (36,383) (15,228)
Proceeds from sales of loans 4,412 1,127
Proceeds from sale of other real estate owned and repossessed assets 224 673
Net cash used in investing activities (26,969) (27,085)
Cash Flows from Financing Activities    
Increase (decrease) in demand, interest-bearing demand and savings deposits (977) 22,089
Increase (decrease) in time deposits 16,546 (5,717)
Increase (decrease) in securities sold under agreements to repurchase 4,174 (14,502)
Increase (decrease) in FHLB borrowings (5,500) 15,000
Payment of dividends on common stock (1,841) (1,430)
Proceeds from issuance of common stock, net 64 0
Repurchase of common stock (745) (82)
Net cash provided by financing activities 11,721 15,358
Decrease in cash and cash equivalents (6,608) (5,615)
Cash and cash equivalents at beginning of the period 39,228 55,022
Cash and cash equivalents at end of the period 32,620 49,407
Supplemental Disclosures of Cash Flow Information    
Interest paid 2,273 2,147
Income taxes 625 1,360
Supplemental Disclosure of Non-Cash Transactions    
Unrealized gain on securities available for sale 3,088 (1,115)
Change in fair value of interest rate swaps (280) (7)
Transfer of loans to other real estate owned $ 526 $ 0