XML 19 R8.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Cash flows from operating activities          
Net earnings $ 6,043 $ 4,634 $ 11,380 $ 8,993  
Adjustments to reconcile net earnings to net cash provided from operating activities:          
Depreciation     1,954 1,588  
Amortization     698 532  
Deferred taxes     (646) 976  
Premium amortization, net of discount accretion     1,912 2,151  
Net realized loss on securities transactions 22 51 22 51  
Gain on sale of loans (683) (678) (1,160) (1,234)  
Provision for loan losses 575 650 1,150 1,250 $ 2,250
Origination of loans held for sale     (34,364) (36,753)  
Proceeds from loans held for sale     33,267 38,152  
Write-down of other real estate and repossessed assets     6 0  
Net loss on sale of premises, equipment, other real estate owned and other assets     9 103  
Stock based compensation     314 235  
Net change in accrued interest receivable and other assets     (19,418) (4,465)  
Net change in accrued interest payable and other liabilities     11,395 1,029  
Net cash provided by operating activities     6,519 12,608  
Securities available for sale:          
Purchases     (5,120) (23,927)  
Proceeds from sales     3,957 9,457  
Proceeds from maturities and principal repayments     13,039 13,087  
Securities held to maturity:          
Proceeds from sales     0 6,333  
Proceeds from maturities and principal repayments     3,215 (6,423)  
Cash paid in connection with acquisitions     0 24,927  
Net originations of loans     (34,503) (79,662)  
Net purchases of premises and equipment     (2,333) (2,543)  
Net proceeds from sale of premises, equipment, other real estate owned and other assets     293 1,488  
Net cash used in investing activities     (21,452) (57,263)  
Cash flows from financing activities          
Net change in deposits     112,510 (9,316)  
Net change in securities sold under agreements to repurchase     (1,414) (291)  
Proceeds from FHLB advances     111,000 220,000  
Repayment of FHLB advances     (174,009) (155,009)  
Repayments of debentures     (1,500)    
Purchase of treasury stock     (9,197)    
Exercise of stock options     481 46  
Cash dividends     (2,013) (3,223)  
Net cash provided by financing activities     35,858 52,207  
Net change in cash and cash equivalents     20,925 7,552  
Cash and cash equivalents at beginning of period     71,510 91,428 91,428
Cash and cash equivalents at end of period 92,435 $ 98,980 92,435 98,980 $ 71,510
Supplemental disclosures of cash flow information          
Interest paid     12,361 7,835  
Income taxes paid     2,235 2,508  
Supplemental schedule of noncash investing and financing activities          
Cash dividends accrued $ 1,965   1,965    
Transfer loans to other real estate owned and repossessed assets     $ 92 437  
Common stock issued in acquisitions       29,568  
Reclassification of certain tax effects from accumulated other comprehensive income       $ 486