XML 26 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
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 $ 16,605 $ 14,992 $ 16,459
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,649 4,155 4,065
Net premium amortization of investment securities:      
Provision for loan losses (644) (3,429) (4,364)
Deferred income tax expense 885 1,631 3,931
Mortgage loans originated for sale (37,692) (40,027) (25,498)
Proceeds from sale of mortgage loans 37,627 40,513 29,254
Gains on sale of mortgage loans, net (942) (824) (490)
Loss (gain) on disposal of premises and equipment, net 22 20 (5)
Net loss on sale and write downs of other real estate 1,925 1,289 3,404
Gain on extinguishment of subordinated notes payable to unconsolidated trusts (4,050)
Loss on extinguishment of long-term securities sold under agreements to repurchase 3,776
Net (gain) loss on sale of available for sale investment securities (3,998) (171) 63
Increase in cash surrender value of company-owned life insurance (905) (906) (926)
Death benefits in excess of cash surrender value on company-owned life insurance (81) (276)
Decrease in accrued interest receivable 373 233 276
(Increase) decrease in other assets (739) 400 (1,860)
Decrease in accrued interest payable (530) (93) (193)
Increase in other liabilities 1,262 2,390 1,096
Net cash provided by operating activities 20,740 25,930 29,011
Cash Flows from Investing Activities      
Proceeds from maturities and calls of investment securities, Available for sale 123,712 133,886 88,905
Proceeds from maturities and calls of investment securities, Held to maturity 70 65 60
Proceeds from sale of available for sale investment securities 219,181 11,570 12,967
Purchase of investment securities, Available for sale (251,822) (109,675) (105,888)
Purchase of investment securities, Held to maturity 0 (3,065)
(Purchase of) proceeds from sale of restricted stock investments, net (472) 148
Loans originated for investment (greater) less than principal collected, net (7,059) (22,237) 60,232
Purchase of loans (2,512) (8,613) (3,756)
Principal collected on purchased loans 3,588 2,638 219
Proceeds from death benefits of company-owned life insurance 341 738
Purchases of premises and equipment (2,245) (1,721) (2,138)
Proceeds from sale of other real estate 4,367 9,939 8,811
Proceeds from disposals of premises and equipment 2 23 21
Net cash provided by investing activities 87,151 15,875 57,254
Cash Flows from Financing Activities      
Net increase (decrease) in deposits 913 (18,167) (23,054)
Net increase (decrease) in federal funds purchased and short-term securities sold under agreements to repurchase 732 5,763 (533)
Proceeds from securities sold under agreements to repurchase and other long-term borrowings 11 711 9
Repayments of securities sold under agreements to repurchase and other long-term borrowings (104,136) (155) (8,165)
Cash paid to extinguish subordinated notes payable to unconsolidated trusts (10,950)
Dividends paid, common stock (1,575)
Redemption of preferred stock (10,000) (20,000)
Dividends paid, preferred stock (508) (1,990)
Shares issued under employee stock purchase plan 155 130 129
Net cash used in financing activities (114,850) (22,226) (53,604)
Net (decrease) increase in cash and cash equivalents (6,959) 19,579 32,661
Cash and cash equivalents at beginning of year 120,493 100,914 68,253
Cash and cash equivalents at end of year 113,534 120,493 100,914
Supplemental Disclosures      
Interest 7,285 8,734 10,346
Income taxes 5,600 2,718 2,850
Transfers from loans to other real estate 1,885 1,397 8,259
Sale and financing of other real estate 6,922 403 2,525
Cancelation of investment in Farmers Capital Bank Trust II 464
Extinguishment of subordinated notes payable to Farmers Capital Bank Trust II 15,464
Employee Stock Purchase Plan Expense [Member]      
Net premium amortization of investment securities:      
Noncash compensation expense 32 31 32
Director Fee Compensation [Member]      
Net premium amortization of investment securities:      
Noncash compensation expense 92 104 82
Available-for-sale Securities [Member]      
Net premium amortization of investment securities:      
Net premium amortization of investment securities 4,020 5,570 3,919
Held-to-maturity Securities [Member]      
Net premium amortization of investment securities:      
Net premium amortization of investment securities $ 53 $ 52 $ 42