XML 19 R9.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,627 $ 2,713
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization, and accretion 747 988
(Credit) provision for loan losses (105) 79
Deferred income tax provision (benefit) 51 (81)
Increase in cash surrender value of bank owned life insurance (182) (186)
Realized (gain) loss from equity securities (93) 23
Realized loss from sales of debt securities, available-for-sale 18 0
Realized gain from sales of premises and equipment 0 (1)
Origination of mortgage loans for sale (1,263) (868)
Realized gains from sales of loans (29) (22)
Proceeds from sales of mortgage loans 1,280 879
Compensation expense related to restricted stock 70 56
Changes in:    
Accrued income receivable (1,072) (692)
Other assets (129) (4)
Other liabilities (1,597) (1,468)
TOTAL ADJUSTMENTS (2,304) (1,297)
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES 2,323 1,416
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of equity securities 331 65
Proceeds from sales of debt securities, available-for-sale 21,806 0
Available-for-sale 1,790 3,124
Held-to-maturity 506 589
Purchases of equity securities (345) (71)
Available-for-sale 0 0
Held-to-maturity (3,148) (520)
Proceeds from maturities of interest-bearing time deposits 249 0
Net increase in loans (8,191) (7,488)
Purchases of premises and equipment (335) (86)
Proceeds from sale of premises and equipment 0 1
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES 12,664 (4,386)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 46,938 37,642
Net decrease in short-term borrowings (56,230) (47,000)
Proceeds from long-term debt 0 6,000
Principal payments on long-term debt (4,055) (84)
Proceeds from issuance of common stock 14 11
Proceeds from exercise of stock options 0 33
Cash dividends paid on common stock (2,167) (1,524)
NET CASH FLOWS USED IN FINANCING ACTIVITIES (15,500) (4,922)
NET CHANGE IN CASH AND CASH EQUIVALENTS (513) (7,892)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 20,040 25,386
CASH AND CASH EQUIVALENTS AT END OF PERIOD 19,527 17,494
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 2,607 976
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES:    
Proceeds from Sale of Federal Reserve Bank Stock $ 1 $ 0