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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net Income $ 8,295 $ 4,008
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net amortization and accretion of investments 395 387
Net amortization of deferred loan fees 1 (4)
Provision for loan losses 1,900 1,220
Depreciation and amortization 1,665 932
Stock based compensation 268 203
Loans originated for sale (757,377) (708,970)
Proceeds of loans sold 744,511 677,116
Mortgage fee income (16,182) (14,926)
Gain on sale of securities (605) (126)
Loss on sale of securities 2  
Gain on sale of portfolio loans (600) (800)
Gain on sale of subsidiary (6,926)  
Income on bank owned life insurance (319) (332)
Deferred taxes (656) 254
Other, net 5,364 (195)
Net cash provided by (used in) operating activities (20,264) (41,233)
Investing activities    
Purchases of investment securities available-for-sale (61,072) (22,733)
Maturities/paydowns of investment securities available-for-sale 9,065 13,521
Maturities/paydowns of investment securities held-to-maturity 400 790
Sales of investment securities available-for-sale 39,527 11,484
Sales of investment securities held-to-maturity   421
Purchases of premises and equipment (1,274) (1,105)
Disposals of premises and equipment from sale of subsidiary 581  
Net increase in loans (55,552) (112,380)
Purchases of restricted bank stock (14,114) (12,418)
Redemptions of restricted bank stock 12,752 9,498
Proceeds from sale of certificates of deposit with banks   248
Proceeds from sale of other real estate owned 15 239
Proceeds from sale of subsidiary 7,047  
Net cash used in investing activities (62,625) (112,435)
Financing activities    
Net increase in deposits 54,928 67,742
Net increase (decrease) in repurchase agreements (1,389) (6,410)
Net change in short-term FHLB borrowings 29,856 77,041
Principal payments on FHLB borrowings (46) (83)
Common stock options exercised (8) (81)
Cash dividends paid on common stock (323) (319)
Cash dividends paid on preferred stock (500) (285)
Net cash provided by financing activities 82,518 137,605
(Decrease) in cash and cash equivalents (371) (16,063)
Cash and cash equivalents at beginning of period 29,133 30,077
Cash and cash equivalents at end of period 28,762 14,014
Supplemental disclosure of cash flow information    
Loans transferred to other real estate owned 127  
Cashless stock options exercised 16 169
Cash payments for:    
Interest on deposits, repurchase agreements and borrowings 5,404 5,391
Income taxes $ 1,382 $ 1,900