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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES:    
Net Income $ 9,529 $ 10,152
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,394 2,478
Amortization of intangible assets 276 235
Provision for loan losses 866 1,820
Accretion and amortization of investment security discounts and premiums 657 644
Net securities gains, available for sale (1,174) (1,713)
Originations of loans held for sale (50,824) (41,762)
Proceeds of loans held for sale 51,112 42,588
Gain on sale of loans (1,691) (1,305)
Net securities (gains) losses, trading (54) 37
Proceeds from the sale of trading securities 3,723 490
Purchases of trading securities (3,596) (590)
Earnings on bank-owned life insurance (516) (541)
Decrease in deferred tax asset 952 262
Other, net 508 (1,486)
Net cash provided by operating activities 12,162 11,309
INVESTING ACTIVITIES:    
Proceeds from sales of available for sale securities 42,180 43,051
Proceeds from calls and maturities of available for sale securities 19,267 14,832
Purchases of available for sale securities (24,040) (26,916)
Net increase in loans (24,548) (87,324)
Acquisition of premises and equipment (2,347) (1,491)
Proceeds from the sale of foreclosed assets 486 1,613
Purchase of bank-owned life insurance (27) (30)
Proceeds from redemption of regulatory stock 2,644 8,801
Purchases of regulatory stock (2,569) (10,518)
Net cash provided by (used for) investing activities 11,046 (57,982)
FINANCING ACTIVITIES:    
Net increase in interest-bearing deposits 40,901 18,912
Net (decrease) increase in noninterest-bearing deposits 15,516 4,470
Proceeds from long-term borrowings 0 30,625
Repayment of long-term borrowings 0 (10,750)
Net (decrease) increase in short-term borrowings (35,059) 10,872
Dividends paid (6,678) (6,736)
Issuance of common stock 71 77
Purchases of treasury stock (574) (2,450)
Net cash provided by provided by financing activities 14,177 45,020
NET INCREASE IN CASH AND CASH EQUIVALENTS 37,385 (1,653)
CASH AND CASH EQUIVALENTS, BEGINNING 22,796 19,908
CASH AND CASH EQUIVALENTS, ENDING 60,181 18,255
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 4,091 3,803
Income taxes paid 3,050 2,000
Transfer of loans to foreclosed real estate $ 83 $ 340