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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net income $ 8,120 $ 6,951
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation 613 668
Amortization of core deposit intangible 168 196
Other amortization, net (61) 119
Accretion of loan discount (1,465) (1,941)
Amortization of FDIC indemnification asset 606 351
Provision for loan losses 4,062 2,875
Earnings on bank-owned life insurance (524) (464)
Equity income on mortgage affiliate (1,381) (1,270)
Stock based compensation expense 198 252
Net gain on sale of available for sale securities   (520)
Net loss on other real estate owned 74 360
Net (increase) decrease in other assets (1,694) 4,643
Net increase (decrease) in other liabilities 3,324 (263)
Net cash and cash equivalents provided by operating activities 12,040 11,957
Investing activities:    
Proceeds from sales of available for sale securities   3,966
Purchases of held to maturity securities (46,055) (16,152)
Proceeds from paydowns, maturities and calls of held to maturity securities 55,976 9,826
Loan originations and payments, net (90,875) (89,999)
Purchase of bank-owned life insurance   (500)
Investment in mortgage affiliate   (311)
Distribution from mortgage affiliate 628  
Net increase in stock in Federal Reserve Bank and Federal Home Loan Bank (575) (154)
Payments received on FDIC indemnification asset 10 3
Proceeds from sale of other real estate owned 1,166 2,908
Purchases of bank premises and equipment (120) (280)
Net cash and cash equivalents used in investing activities (79,845) (90,693)
Financing activities:    
Net increase in deposits 79,596 88,278
Cash dividends paid - common stock (2,940) (2,937)
Purchase of common stock   (721)
Issuance of common stock under Stock Incentive Plan 118 431
Issuance of common stock for warrants exercised 101  
Net increase in securities sold under agreement to repurchase and other short-term and long-term borrowings 11,000 6,901
Net cash and cash equivalents provided by financing activities 87,875 91,952
Increase in cash and cash equivalents 20,070 13,216
Cash and cash equivalents at beginning of period 30,336 38,320
Cash and cash equivalents at end of period 50,406 51,536
Cash payments for:    
Interest 6,190 4,898
Income taxes 3,483 2,337
Supplemental schedule of noncash investing and financing activities    
Transfer from long-term FHLB advances to short-term FHLB advances 5,000 20,000
Transfer from non-covered loans to other real estate owned   1,386
Transfer from covered loans to other real estate owned 144 $ 90
Transfer from securities sold under agreement to repurchase to deposits $ 10,381