XML 28 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income $ 5,698 $ 4,634
Items not requiring cash    
Provision for loan losses   850
Depreciation and amortization 2,257 962
Deferred income tax 670 1,260
Loans originated for sale (72,303) (18,990)
Proceeds from sales of loans held for sale 67,785 15,770
Gain on sale of loans held for sale (2,027) (486)
Gain on sale of securities - available for sale (366) (362)
Loss on sale of other real estate and repossessed assets 50 240
Change in    
Interest receivable and other assets 72 774
Interest payable and other liabilities (30) 1,045
Cash value of life insurance (601) (571)
Other adjustments 71 170
Net cash provided by operating activities 1,276 5,296
Purchases of securities    
Available for sale (35,886) (34,623)
Proceeds from maturities and paydowns of securities    
Available for sale 19,173 14,800
Proceeds from sales of securities - available for sale 13,383 23,226
Redemption of Federal Home Loan Bank stock 2,154  
Net change in loans (24,297) (16,589)
Purchases of premises and equipment (704) (481)
Proceeds from real estate owned sales 1,585 2,414
Net cash used in investing activities (24,592) (11,253)
Net change in    
Noninterest-bearing, interest-bearing demand and savings deposits 33,087 16,512
Certificates of deposit (34,119) (50,296)
Proceeds from FHLB advances 193,700 320,200
Repayments of FHLB advances (174,100) (276,082)
Repayments of other borrowings (379) (379)
Cash dividends (1,772) (999)
Stock options exercised 1,593 450
Net cash provided by financing activities 18,010 9,406
Net Change in Cash and Cash Equivalents (5,306) 3,449
Cash and Cash Equivalents, Beginning of Period 29,575 25,285
Cash and Cash Equivalents, End of Period 24,269 28,734
Additional Cash Flows Information    
Interest paid 4,332 4,432
Income tax paid 1,300 500
Transfers from loans to foreclosed real estate 436 1,148
Mortgage servicing rights capitalized $ 200 $ 113