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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 $ 14,855 $ 13,884
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 1,208 1,178
Amortization of deferred loan costs 575 440
Amortization of intangibles 899 896
Amortization of loss on investment tax credits 358 484
Provision for loan losses 3,600 2,400
Net gain on sale of other real estate owned (25) (132)
Net loss on disposal of equipment   87
Loans originated for sale (17,432) (20,664)
Proceeds from sale of loans originated for sale 17,688 21,378
Net gain on sale of loans originated for sale (616) (667)
Net amortization of investment securities 2,826 3,171
Net gain on sale of investment securities (623) (979)
Life insurance investment income (594) (569)
Deferred income tax expense   119
Stock based compensation 53 52
Net change in:    
Accrued interest receivable 487 253
Other assets (1,799) (496)
Accrued interest payable (126) (78)
Other liabilities (671) (1,827)
Net cash provided by operating activities 20,663 18,930
Cash flows from investing activities:    
Proceeds from sales of investment securities available-for-sale 27,408 65,858
Proceeds from repayments of investment securities:    
Available-for-sale 42,277 41,659
Held-to-maturity 1,221 1,526
Purchases of investment securities:    
Available-for-sale (36,462) (70,768)
Net (purchase) redemption of restricted equity securities (1,508) 343
Net increase in lending activities (183,482) (62,156)
Investment in low income housing tax credits (2,045) (3,050)
Purchases of premises and equipment (6,100) (2,848)
Proceeds from the sale of premises and equipment   14
Purchase of investment in life insurance (1,500)  
Proceeds from sale of other real estate owned 702 484
Net cash used in investing activities (159,489) (28,938)
Cash flows from financing activities:    
Net increase in deposits 110,000 19,092
Repayment of long-term debt (1,669) (2,140)
Net increase in short-term borrowings 36,975 10,693
Retirement of common stock (604) (1,062)
Cash dividends paid (6,879) (7,016)
Net cash provided by financing activities 137,823 19,567
Net (decrease) increase in cash and cash equivalents (1,003) 9,559
Cash and cash equivalents at beginning of year 32,917 31,426
Cash and cash equivalents at end of year 31,914 40,985
Cash paid during the period for:    
Interest 5,436 5,114
Income taxes 3,900 2,900
Noncash items:    
Transfers of loans to other real estate $ 761 $ 370