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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income $ 8,569 $ 6,832 $ 7,071
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 1,115 1,326 1,830
Provision for loan losses 1,150 1,450 950
Securities amortization, net 1,133 975 638
Securities (gains) losses, net (287) (412) (966)
Net change in trading assets (61) (161) (5,370)
Originations of loans held for sale (62,275) (48,953) (37,043)
Proceeds from sale of loans 64,273 50,593 37,441
Gain on sale of loans (2,098) (1,488) (951)
Stock based compensation expense 153 133 111
Losses (gain) on disposal of fixed assets (331) (4) (2)
Losses (gain) on other real estate (128) (5) (146)
Deferred taxes (309) (17) 3,048
Changes in:      
Interest receivable (34) (73) 319
Write-downs of other real estate, net 187 252 144
Other assets 1,624 (1,163) 1,506
Interest payable 33 (42) (94)
Other liabilities (151) (1,186) (4,637)
Net cash from operating activities 12,563 8,057 3,849
Cash flows from investing activities      
Acquisition of Madison Financial Corp., net   3,514  
Net change in interest bearing time deposits (155) (615) (980)
Purchases of securities, available for sale (145,232) (84,479) (127,326)
Proceeds from sales of securities, available for sale 23,888 21,627 73,985
Proceeds from principal payments and maturities of securities 108,949 71,988 46,170
Net change in loans (35,357) (12,211) (73,304)
Proceeds from redemption of Federal Home Loan Bank Stock     749
Purchases of bank premises and equipment (131) (733) (1,056)
Proceeds from sale of other real estate 4,199 5,848 2,053
Proceeds from sale of bank premises and equipment 4 7 2
Net cash from investing activities (43,835) 4,946 (79,707)
Cash Flows From Financing Activities:      
Net change in deposits 44,000 8,289 37,468
Net change in repurchase agreements and other borrowings 2,359 (188) (410)
Net change in short-term advances from Federal Home Loan Bank   (10,000) 10,000
Long-term FHLB advances 15,000 14,709 38,666
Payments on long-term FHLB advances (10,333) (10,661) (12,728)
Proceeds from note payable   5,000  
Payments on note payable (704) (206)  
Redemption of acquired preferred shares and unpaid dividends and interest   (6,066)  
Proceeds from issuance of common stock, including options and grants, including tax benefits 49 2 2
Purchase of common stock (668) (31) (111)
Dividends paid (3,229) (2,972) (2,721)
Net cash from financing activities 46,474 (2,124) 70,166
Net change in cash and cash equivalents 15,202 10,879 (5,692)
Cash and cash equivalents at beginning of year 28,048 17,169 22,861
Cash and cash equivalents at end of year 43,250 28,048 17,169
Supplemental disclosures of cash flow information Cash paid during the year for:      
Interest expense 4,393 4,033 3,850
Income taxes 800 200 1,200
Supplemental schedules of non-cash investing activities      
Real estate acquired through foreclosure 3,735 $ 3,394 $ 3,275
Transfer of premises and equipment to held for sale $ 969