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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities      
Net income $ 8,511 $ 7,878 $ 7,694
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation 1,255 1,080 976
Provision for loan losses 150 550 345
Deferred income tax provision (benefit) 566 341 (37)
Net amortization of investment securities 384 214 105
Equity in losses of limited partnerships 565 484 800
Stock based compensation expense 66 35 20
Net increase in unamortized loan costs (134) (160) (185)
Proceeds from sales of loans held for sale 138,443 134,578 96,989
Origination of loans held for sale (137,713) (126,599) (101,795)
Net gains on sales of loans held for sale (2,898) (2,871) (2,097)
Net loss on disposals of premises and equipment 13 7 19
Net gains on sales of investment securities available-for-sale (71) (53) (315)
Write-downs of impaired assets 0 42 23
Net gains on sales of other real estate owned 0 (29) (134)
(Increase) decrease in accrued interest receivable (427) 22 (191)
Amortization of core deposit intangible 171 171 171
(Increase) decrease in other assets (1,202) (1,387) 1,849
Contribution to defined benefit pension plan (750) 0 0
Increase (decrease) in other liabilities 715 (1,173) (2,033)
Net cash provided by operating activities 7,644 13,130 2,204
Interest bearing deposits in banks      
Proceeds from maturities and redemptions 4,244 3,579 10,423
Purchases (996) (4,080) (5,062)
Investment securities held-to-maturity      
Proceeds from maturities, calls and paydowns 4,220 2,000 6,000
Purchases 0 0 (2,000)
Investment securities available-for-sale      
Proceeds from sales 6,620 11,540 7,420
Proceeds from maturities, calls and paydowns 9,754 7,020 4,307
Purchases (29,098) (27,416) (21,921)
Purchase of nonmarketable stock (1,143) (269) 0
Redemption of nonmarketable stock 722 389 0
Net increase in loans (32,947) (20,713) (19,369)
Recoveries of loans charged off 59 83 42
Purchases of premises and equipment (1,938) (2,289) (2,170)
Investments in limited partnerships (948) (32) (354)
Purchase of Company-owned life insurance 0 (5,000) 0
Proceeds of Company-owned life insurance death benefit 527 0 0
Proceeds from sales of other real estate owned 0 342 536
Proceeds from sales of premises and equipment 200 0 0
Net cash used in investing activities (40,724) (34,846) (22,148)
Cash Flows From Financing Activities      
Advances of long-term borrowings 25,451 0 0
Repayment of long-term debt (2,898) (294) (3,589)
Net (decrease) increase in short-term borrowings outstanding (522) (5,260) 5,491
Net increase in noninterest bearing deposits 12,558 9,441 3,138
Net increase in interest bearing deposits 71,880 7,481 33,108
Net decrease in time deposits (47,186) (8,578) (2,536)
Issuance of common stock 56 53 39
Purchase of treasury stock (6) (94) (45)
Dividends paid (4,939) (4,816) (4,637)
Net cash provided by (used in) financing activities 54,394 (2,067) 30,969
Net increase (decrease) in cash and cash equivalents 21,314 (23,783) 11,025
Cash and cash equivalents      
Beginning of year 17,961 41,744 30,719
End of year 39,275 17,961 41,744
Supplemental Disclosures of Cash Flow Information      
Interest paid 2,239 2,060 2,146
Income taxes paid 1,505 2,040 1,945
Supplemental Schedule of Noncash Investing and Financing Activities      
Other real estate acquired in settlement of loans 0 59 464
Loans originated to finance the sale of other real estate owned 0 0 300
Investment in limited partnerships acquired by capital contributions payable 27 0 151
Dividends paid on Common Stock      
Dividends declared 4,949 4,816 4,637
Dividends reinvested (10) 0 0
Dividends paid on Common Stock $ 4,939 $ 4,816 $ 4,637