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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 10,470 $ 11,916
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 503 330
Amortization of deferred charges and fees, net 255 459
Net (Accretion)/Amortization of merger-related intangibles (247)  
Depreciation and amortization 881 919
Bank owned life insurance income (289) (264)
Loss/(gain) on disposition of investment securities 81 (2)
Share based compensation 899 1,511
Change in accrued interest receivable (595) (151)
Deferred income tax (benefit)/expense 885 350
Change in other assets, net (5,860) (6,247)
Change in other liabilities, net 774 1,302
Change in loans held for sale (384) (566)
Net cash provided by operating activities 7,373 9,557
CASH FLOWS FROM INVESTING ACTIVITIES    
Origination of loans (273,385) (245,108)
Proceeds from principal payments of loans 212,719 194,855
Proceeds from calls/maturities of securities available for sale 13,876 10,770
Proceeds from sales of securities available for sale 26,150 702
Proceeds from calls/maturities of securities held to maturity 32,216 17,200
Purchase of securities held to maturity (35,958) (64,960)
Proceeds from settlement of bank owned life insurance policies   676
Redemption (purchase) of FHLB of Boston stock 65 (271)
Purchase of banking premises and equipment (880) (726)
Net cash acquired in business combinations 2,063  
Net cash (used in) provided by investing activities (23,134) (86,862)
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in demand, interest bearing, money market and savings accounts 59,049 35,461
Change in certificates of deposit (18,090) (22,608)
Change in short-term borrowings (459)  
Repayment of long-term borrowings (86) (85)
Cash dividends paid on common stock (4,569) (3,935)
Net cash provided by (used in) financing activities 35,845 8,833
Net (decrease)/increase in cash and cash equivalents 20,084 (68,472)
Cash and cash equivalents at beginning of period 18,473 103,591
Cash and cash equivalents at end of period 38,557 35,119
Cash paid during the period for:    
Interest 7,719 2,074
Income taxes 4,060 $ 4,160
Significant non-cash transactions    
Right-of-use assets obtained in exchange for lessee operating lease liabilities 37,550  
Other real estate owned 185  
Common Stock issued to Optima shareholders 59,417  
Fair value of assets acquired, net of cash acquired 548,801  
Fair value of liabilities assumed $ 491,447