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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities    
Net income $ 6,972 $ 7,049
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,956 1,736
Provision for (recovery of) loan losses 53 (407)
Originations of mortgage loans held for sale (2,301) (287)
Proceeds from the sales of mortgage loans held for sale 1,655 290
Gains on the sales of mortgage loans held for sale, net (23) (3)
Gains on sales of securities available for sale, net (511) (138)
Losses on disposal of assets, net 2 65
Premium amortization on securities, net 3,721 2,937
Share-based compensation 685 443
(Gains) losses on sale of other real estate owned, net (50) 46
Valuation adjustments on other real estate owned 310 177
Increase in bank owned life insurance cash surrender value (488) (489)
Changes in assets and liabilities:    
Increase in other assets (1,041) (1,365)
Increase (decrease) in other liabilities 897 (135)
Net cash provided by operating activities 11,837 9,919
Cash Flows from Investing Activities    
Proceeds from calls, principal repayments and sales of securities available for sale 102,599 82,336
Purchase of securities available for sale (82,001) (110,464)
Purchase of securities held to maturity (6,520) 0
(Purchase) redemption of restricted stock, net 849 (70)
Purchase of bank premises and equipment, net (250) (2,756)
Loan originations, net (5,021) (3,859)
Purchases of loans (40,025) (23,988)
Proceeds from sales of loans 4,412 1,127
Proceeds from sale of other real estate owned and repossessed assets 224 766
Net cash used in investing activities (25,733) (56,908)
Cash Flows from Financing Activities    
Increase in demand, interest-bearing demand and savings deposits 33,746 42,720
Increase in time deposits 16,959 553
Increase (decrease) in securities sold under agreements to repurchase 4,671 (14,083)
Increase (decrease) in FHLB borrowings (21,500) 5,000
Payment of dividends on common stock (2,764) (2,361)
Proceeds from issuance of common stock, net 92 0
Repurchase of common stock (745) (83)
Net cash provided by financing activities 30,459 31,746
Increase (decrease) in cash and cash equivalents 16,563 (15,243)
Cash and cash equivalents at beginning of the period 39,228 55,022
Cash and cash equivalents at end of the period 55,791 39,779
Supplemental Disclosures of Cash Flow Information    
Interest paid 3,379 3,158
Income taxes 725 2,560
Supplemental Disclosure of Non-Cash Transactions    
Unrealized gains (losses) on securities available for sale 1,855 (813)
Change in fair value of interest rate swaps (149) (201)
Transfer of loans to other real estate owned $ 526 $ 720