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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income $ 10,989 $ 8,172
Items not requiring cash    
Provision for loan losses 950 950
Depreciation and amortization 3,180 2,715
Deferred income tax 1,167 267
Increase in cash value of life insurance (627) (611)
Net amortization (accretion) of purchase accounting adjustments 66 (176)
Loans originated for sale (77,831) (48,527)
Proceeds from sales of loans held for sale 72,803 50,380
Net gain on sale of loans (2,371) (1,371)
Net gain on sale of securities, available for sale (866) (260)
Gain on bank owned life insurance   (326)
Loss on sale of other real estate and repossessed assets 58 57
Change in    
Interest receivable and other assets 1,546 816
Interest payable and other liabilities (2,044) 614
Other adjustments 50 50
Net cash provided by operating activities 7,070 12,750
Investing Activities    
Net change in interest-bearing time deposits (38) 6,118
Purchases of securities, available for sale (35,020) (61,843)
Proceeds from maturities and paydowns of securities, available for sale 16,901 14,736
Proceeds from sales of securities, available for sale 24,690 43,284
Purchase of Federal Home Loan Bank stock (81)  
Net change in loans (33,754) (33,916)
Net cash and cash equivalents paid in acquisition   (7,673)
Purchases of premises and equipment (862) (715)
Proceeds from sale of real estate owned and repossessed assets 1,382 797
Proceeds from bank owned life insurance   1,669
Proceeds from sale of premises and equipment 375 67
Net cash used in investing activities (26,407) (37,476)
Net change in    
Noninterest-bearing, interest-bearing demand and savings deposits 28,381 13,573
Certificates of deposit 28,320 (10,645)
Proceeds from FHLB advances 224,100 233,000
Repayments of FHLB advances (256,046) (212,335)
Proceeds from other borrowings   10,000
Repayments of other borrowings (306) (236)
Cash dividends (3,440) (3,088)
Stock options exercised 209 121
Stock repurchased (2,351)  
Net cash provided by financing activities 18,867 30,390
Net Change in Cash and Cash Equivalents (470) 5,664
Cash and Cash Equivalents, Beginning of Period 33,414 27,341
Cash and Cash Equivalents, End of Period 32,944 33,005
Additional Cash Flows Information    
Interest paid 11,026 6,926
Income tax paid   350
Transfers from loans to loans held for sale 27,561  
Transfers from loans to foreclosed assets 1,397 1,055
Mortgage servicing rights capitalized 203 167
Right of use assets obtained in exchange for lease obligations $ 3,603  
Fair value of assets acquired   406,858
Cash paid in acquisition   (18,999)
Common stock issued   (42,323)
Liabilities assumed   $ 345,536