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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities    
Net Income $ 4,157 $ 3,898
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 611 638
Provision for loan losses 0 150
Deferred income tax provision 337 311
Net amortization of investment securities 222 188
Equity in losses of limited partnerships 314 236
Stock based compensation expense 68 33
Net increase in unamortized loan costs (59) (87)
Proceeds from sales of loans held for sale 59,661 59,619
Origination of loans held for sale (56,159) (59,458)
Net gains on sales of loans held for sale (1,105) (1,275)
Net loss on disposals of premises and equipment 13 0
Net gains on sales of investment securities available-for-sale (9) (18)
Decrease (increase) in accrued interest receivable 230 (171)
Amortization of core deposit intangible 86 86
Decrease (increase) in other assets 457 (635)
Contribution to defined benefit pension plan (750) (750)
Increase in other liabilities 378 125
Net cash provided by operating activities 8,452 2,890
Interest bearing deposits in banks    
Proceeds from maturities and redemptions 4,384 3,286
Purchases (3,236) (747)
Investment securities held-to-maturity    
Proceeds from maturities, calls and paydowns 0 3,220
Investment securities available-for-sale    
Proceeds from sales 1,445 2,673
Proceeds from maturities, calls and paydowns 3,233 6,617
Purchases (4,468) (12,151)
Purchase of nonmarketable stock (272) (776)
Redemption of nonmarketable stock 0 576
Net increase in loans (2,999) (2,108)
Recoveries of loans charged off 10 31
Purchases of premises and equipment (332) (673)
Investments in limited partnerships (216) 0
Net cash used in investing activities (2,451) (52)
Cash Flows From Financing Activities    
Advances on long-term borrowings 0 5,070
Repayment of long-term debt (138) (152)
Net increase in short-term borrowings outstanding 4,938 13,326
Net (decrease) increase in noninterest bearing deposits (4,215) 4,092
Net (decrease) increase in interest bearing deposits (25,542) 23,199
Net decrease in time deposits (3,280) (39,735)
Issuance of common stock 0 56
Purchase of treasury stock (27) (6)
Dividends paid (2,577) (2,450)
Net cash (used in) provided by financing activities (30,841) 3,400
Net (decrease) increase in cash and cash equivalents (24,840) 6,238
Cash and cash equivalents    
Beginning of period 39,275 17,961
End of period 14,435 24,199
Supplemental Disclosures of Cash Flow Information    
Interest paid 1,072 1,210
Income taxes paid 325 800
Dividends paid on Common Stock:    
Dividends declared 2,588 2,452
Dividends reinvested (11) (2)
Dividends paid on Common Stock $ 2,577 $ 2,450