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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities:    
Net income $ 7,663 $ 8,012
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
(Gain) loss on sale of securities, net (14) 11
Loss on disposal of premises and equipment 3 358
Depreciation and amortization of premises and equipment 1,317 1,178
Amortization of software 110 84
Intangible asset amortization 53 70
Amortization of investment security premium, net of discount accretion 101 8
Deferred tax liability 576 448
Stock-based compensation 279 377
Deferral of loan fees and costs, net (20) (292)
Provision for loan losses 700 903
Reserve (recovery) for purchased receivables 23 (18)
Gain on sale of loans (8,711) (11,924)
Proceeds from the sale of loans held for sale 257,446 344,087
Origination of loans held for sale (259,002) (341,970)
Gain on sale of other real estate owned (155) (112)
Impairment on other real estate owned 266 130
Net changes in assets and liabilities:    
(Increase) decrease in accrued interest receivable (29) 62
Decrease in other assets (2,490) (3,302)
Decrease in other liabilities (1,988) (6,472)
Net Cash Used by Operating Activities (3,872) (8,362)
Investment in securities:    
Purchases of investment securities available for sale (16,283) (31,985)
Purchases of FHLB stock (2,993) (151)
Proceeds from sales/calls/maturities of securities available for sale 50,867 34,283
Proceeds from redemption of FHLB stock 2,965 1
Decrease (increase) in purchased receivables, net 633 (252)
Increase (decrease) in loans, net (16,677) 13,063
Proceeds from sale of other real estate owned 2,315 477
Proceeds from sale of premises and equipment 116 1,379
Purchases of premises and equipment (2,115) (1,369)
Net Cash Provided by Investing Activities 18,828 15,446
Financing Activities:    
(Decrease) increase in deposits (33,343) 14,896
Decrease in securities sold under repurchase agreements (3,215) (5,371)
(Decrease) increase in borrowings (24) 2,242
Distributions to noncontrolling interest (234) (154)
Cash dividends paid (2,898) (2,614)
Net Cash (Used) Provided by Financing Activities (39,714) 8,999
Net Change in Cash and Cash Equivalents (24,758) 16,083
Cash and Cash Equivalents at Beginning of Period 50,551 58,673
Cash and Cash Equivalents at End of Period 25,793 74,756
Supplemental Information:    
Income taxes paid 3,839 2,162
Interest paid 1,211 1,213
Noncash commitments to invest in Low Income Housing Tax Credit Partnerships 0 6,809
Transfer of loans to other real estate owned 167 0
Cash dividends declared but not paid $ 26 $ 24