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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income $ 8,957 $ 7,746
Adjustments to reconcile net income to net cash from operating activities:    
Stock based compensation 348 256
Depreciation 1,258 1,240
Provision for loan losses 1,359 1,867
Net accretion (amortization) of purchase valuation adjustments 445 49
Amortization of premiums and discounts on securities 2,011 1,714
Amortization of intangibles 264 182
Deferred income taxes (56) (85)
FHLB stock dividends (511) (232)
Loss (gain) on sales and valuation adjustments on other real estate owned (129) (41)
Net loss (gain) on securities transactions (479) (370)
Loss (gain) on disposal of premise and equipment (40) 11
Loss (gain) on sales of loans (883) (719)
Originations of loans held for sale (36,037) (31,608)
Proceeds from the sale of loans held for sale 37,354 31,278
Increase in the value of bank owned life insurance (746) (700)
Change in fair value of derivatives recognized in earnings 8 13
Net change in:    
Interest receivable (172) (786)
Other assets 265 (552)
Interest payable and other liabilities 104 1,902
Net cash provided by (used in) operating activities 13,320 11,165
Cash flows to investing activities    
Purchases of available-for-sale securities (56,056) (83,968)
Purchases of held-to-maturity securities (69,959) (77,450)
Proceeds from sales, calls, pay-downs, and maturities of available-for-sale securities 86,066 27,429
Proceeds from calls, pay-downs and maturities of held-to-maturity securities 34,472 34,783
Net change in interest-bearing time deposits in other banks 250 750
Net change in loans 1,457 (124,751)
Purchase of premises and equipment (2,086) (5,420)
Proceeds from sale of premise and equipment 208 15
Net redemption (purchase) of FHLB and FRB stock (63) (9,507)
Proceeds from sale of other real estate owned 2,830 1,613
Net cash provided by (used in) investing activities (2,881) (236,506)
Cash flows (to) from financing activities    
Net increase (decrease) in deposits (38,191) 46,473
Net change in federal funds purchased and retail repurchase agreements 4,620 (3,030)
Net borrowings (payments) on Federal Home Loan Bank line of credit 23,317 174,265
Principal payments on Federal Home Loan Bank term advances   (4,432)
Proceeds from bank stock loan   5,014
Principal payments on bank stock loan (18,612) (1,166)
Issuance of employee stock loans   (1,215)
Principal payments on employee stock loans   957
Proceeds from the exercise of employee stock options 109  
Redemption of Series C preferred stock (16,372)  
Net change in contractual obligations (262) (143)
Dividends paid on preferred stock (42) (123)
Excess tax benefits recognized in termination of restricted stock unit plan   224
Excess tax benefits recognized on exercise of employee stock options 12  
Net cash provided by (used in) financing activities (45,421) 216,824
Net change in cash and cash equivalents (34,982) (8,517)
Cash and cash equivalents, beginning of period 56,829 31,707
Ending cash and cash equivalents 21,847 23,190
Supplemental cash flow information:    
Interest paid 6,375 4,711
Income taxes paid, net of refunds 2,080 2,140
Supplemental noncash disclosures:    
Other real estate owned acquired in settlement of loans 2,537 2,777
Preferred stock dividends payable at period end   41
Securities purchased but not settled $ 5,458 962
Loans purchased but not settled   $ 10,078