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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Cash flows from operating activities          
Net earnings $ 3,976 $ 2,500 $ 7,492 $ 5,177  
Adjustments to reconcile net earnings to net cash provided from operating activities:          
Depreciation     1,599 1,572  
Amortization     524 478  
Deferred taxes     (160) (1,126)  
Premium amortization, net of discount accretion     2,357 2,495  
Net realized gain on securities transactions (25) 19 (25) (18)  
Gain on sale of loans (472) (519) (901) (745)  
Provision for loan losses 800 1,950 1,450 2,400 $ 3,640
Origination of loans held for sale     (29,330) (30,652)  
Proceeds from loans held for sale     30,359 32,342  
Write-down of other real estate and repossessed assets     1 48  
Net loss on sale of premises, equipment, other real estate owned and other assets     84 36  
Stock based compensation     123 95  
Net change in accrued interest receivable and other assets     2,761 (2,505)  
Net change in accrued interest payable and other liabilities     1,909 1,591  
Net cash provided by operating activities     18,243 11,188  
Securities available for sale:          
Purchases     (113,208) (26,140)  
Proceeds from sales     13,839 75,221  
Proceeds from maturities and principal repayments     11,675 46,981  
Securities held to maturity:          
Purchases     0 (86,642)  
Proceeds from sales 923 0 923 1,866  
Proceeds from maturities and principal repayments     4,950 10,974  
Net purchases of premises and equipment     (1,313) (1,089)  
Net proceeds from sale of premises, equipment, other real estate owned and other assets     394 573  
Net increase in loans     (52,584) (116,841)  
Net cash used in investing activities     (135,324) (95,097)  
Cash flows from financing activities          
Net change in deposits     69,582 25,718  
Net change in securities sold under agreements to repurchase     3,294 1,854  
Proceeds from FHLB advances     0 75,000  
Repayment of FHLB advances     (30,009) (5,810)  
Proceeds from other debt     2,000 10,000  
Repayment of other debt     (20,286) (18,000)  
Repayments of debentures     (5,000) (1,000)  
Purchase of treasury stock     0 (7,261)  
Sale of treasury stock     0 8,557  
Exercise of stock options     84 0  
Sale of common stock     55,755 0  
Cash dividends     (2,576) (2,328)  
Net cash provided by financing activities     72,844 86,730  
Net change in cash and cash equivalents     (44,237) 2,821  
Cash and cash equivalents at beginning of period     127,543 111,379 111,379
Cash and cash equivalents at end of period $ 83,306 $ 114,200 83,306 114,200 $ 127,543
Supplemental disclosures of cash flow information          
Interest paid     5,973 5,376  
Income taxes paid     2,840 2,210  
Supplemental schedule of noncash investing and financing activities          
Transfer loans to other real estate owned and repossessed assets     467 293  
Terminated KSOP put option     34,300 0  
Net change in fair value of KSOP shares     $ 2,639 $ 1,539