XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net income $ 7,281 $ 8,696
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (credit) for loan losses 4,385 (3,023)
Adjustments to other real estate   63
Deferred tax expense 39 1,286
Asset depreciation 1,436 1,172
Securities premium amortization, net of discount accretion 1,539 1,394
Amortization of intangibles 1,193 480
Restricted stock amortization expense 448 656
Net gain on sales/calls of investment securities (291) (143)
Net gain on sales of mortgage loans (1,123) (969)
Net (gain) loss on sales of premises/equipment 7 (13)
Net (gain) loss on sales of other real estate 5 (59)
Proceeds from sales of held for sale loans 56,253 44,913
Held for sale loans originated for resale (54,682) (49,214)
Net changes in assets and liabilities:    
Accrued interest receivable 37 442
Bank owned life insurance (455) (110)
Other assets (8,129) 1,806
Accrued interest payable 64 5
Other liabilities 2,924 (241)
Net cash provided by operating activities 10,931 7,141
Investing activities:    
Proceeds from sales of available for sale securities 41,530  
Held to maturity securities   940
Available for sale securities 33,828 50,586
Purchases of held to maturity securities (444)  
Purchases of available for sale securities (81,817) (60,255)
Purchases of bank owned life insurance   (20,000)
Loans originated, net of principal repayments (46,059) (43,689)
Purchases of premises and equipment (639) (888)
Proceeds from sales of premises and equipment 44 66
Proceeds from sales of other real estate 147 900
Net cash used in investing activities (53,410) (72,340)
Financing activities:    
Net increase in deposits 18,760 90,447
Net increase (decrease) in other borrowings 42,641 (3,541)
Net proceeds from issuance of common stock 413 363
Purchases of treasury stock (21,107) (4,040)
Redemption of trust preferred securities (5,155)  
Common stock dividends paid (3,113) (2,277)
Preferred stock dividends paid (1) (1)
Net cash provided by financing activities 32,438 80,951
Net (decrease) increase in cash and cash equivalents (10,041) 15,752
Cash and cash equivalents:    
Beginning of period 78,129 140,936
End of period $ 68,088 $ 156,688