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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 14,845 $ 12,972 $ 12,482
Adjustments to reconcile net income to net cash flows from operating activities-      
Depreciation, amortization and accretion 4,073 3,308 2,557
Provision for loan losses 923 215 913
Impact of Tax Cuts and Jobs Act on Accumulated Other Comprehensive Income 0 486 0
Deferred income tax provision (benefit) 228 1,478 928
Increase in cash surrender value of bank owned life insurance (738) (760) (746)
Bank owned life insurance death benefits in excess of cash surrender value 0 (107) 0
Equity Securities, FV-NI, Gain (Loss) 73 (15) (8)
Net gain on sales of securities 8 (218) (1,074)
Realized loss from sale of premises and equipment 575 113 33
Realized loss from sale and impairment of other real estate owned and repossessed assets 14 3 534
Origination of mortgage loans for sale (8,924) (7,513) (11,217)
Realized gains from sales of loans (223) (166) (244)
Proceeds from sales of loans 9,033 7,588 11,353
Penalty for prepayment of long-term debt 0 0 251
Compensation expense related to stock options 0 1 5
Compensation expense related to restricted stock 107 75 90
Changes in:      
Accrued income receivable 215 (4) (216)
Other assets (1,811) (269) (791)
Other liabilities 1,344 948 634
TOTAL ADJUSTMENTS 4,897 5,163 3,002
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES 19,742 18,135 15,484
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of equity securities 127 43 173
Proceeds from sales of debt securities available-for-sale 8,545 43,203 92,282
Proceeds from maturities and calls of debt securities:      
Available-for-sale 24,249 25,012 84,529
Held-to-maturity 6,281 14,057 6,640
Purchases of equity securities (1,118) (80) (204)
Purchases of debt securities:      
Available-for-sale 0 (26,932) (124,730)
Held-to-maturity (3,431) (5,625) (25,010)
Increase (Decrease) in Time Deposits 9,354 0 0
Purchase of Federal Reserve Bank stock (1,921) 0 0
Net increase in loans (65,842) (29,692) (48,153)
Purchase of bank owned life insurance 0 0 (4,000)
Proceeds from bank owned life insurance mortality benefits 0 189 0
Proceeds from sales of other real estate owned and repossessed assets 21 971 526
Additions to other real estate owned 0 0 (182)
Purchases of premises and equipment (600) (6,617) (9,450)
Proceeds from sales of premises and equipment 651 272 63
Net cash received from acquisition of Columbus First Bancorp, Inc. 12,896 0 0
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES (10,788) 14,801 (27,516)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase (decrease) in deposits (29,332) (25,084) 23,745
Net increase (decrease) in short-term borrowings (770) 4,960 4,653
Proceeds from long-term debt 31,000 0 0
Principal payments on long-term debt (7,214) (295) (5,349)
Penalty for prepayment of long-term debt 0 0 (251)
Proceeds from issuance of common stock 65 41 52
Repurchase of common stock (348) 0 0
Repurchase of stock warrants 0 0 (1,545)
Proceeds from exercise of stock options 72 51 592
Excess tax benefit from exercise of stock options and vesting of restricted common stock 0 0 61
Cash dividends paid on common stock (7,773) (6,088) (6,048)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES (14,300) (26,415) 15,910
NET CHANGE IN CASH AND CASH EQUIVALENTS (5,346) 6,521 3,878
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 25,386 18,865 14,987
CASH AND CASH EQUIVALENTS AT END OF YEAR 20,040 25,386 18,865
CASH PAID DURING THE YEAR FOR:      
Interest 5,908 3,577 3,542
Income taxes 1,950 2,185 4,420
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING ACTIVITY:      
Transfer from loans to other real estate owned and repossessed assets 244 $ 974 $ 32
Columbus First Bancorp, Inc.      
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING ACTIVITY:      
Fair value of assets acquired 342,256    
Less common stock issued 63,598    
Less cash paid for the common stock 783    
Liabilities assumed $ 277,875