XML 20 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:    
Net Income $ 18,261 $ 13,839
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Loan Losses 1,375 780
Depreciation and Amortization 2,408 2,988
Net Gain on Equity Securities (241) 0
Loans Originated and Held-for-Sale (2,354) (7,646)
Proceeds from the Sale of Loans Held-for-Sale 2,198 8,118
Net Gain on the Sale of Loans (61) (250)
Net Loss on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 117 122
Contributions to Retirement Benefit Plans (352) (459)
Deferred Income Tax Benefit (261) (94)
Shares Issued Under the Directors’ Stock Plan 103 127
Stock-Based Compensation Expense 178 172
Tax Benefit from Exercise of Stock Options 160 112
Net (Increase) Decrease in Other Assets 186 (559)
Net Increase (Decrease) in Other Liabilities (673) 1,378
Net Cash Provided By Operating Activities 21,044 18,628
Cash Flows from Investing Activities:    
Proceeds from the Maturities and Calls of Securities Available-for-Sale 25,035 31,867
Purchases of Securities Available-for-Sale (56,598) (12,324)
Proceeds from the Maturities and Calls of Securities Held-to-Maturity 39,616 30,262
Purchases of Securities Held-to-Maturity (2,105) (33,435)
Net Increase in Loans (107,598) (126,524)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets 644 539
Purchase of Premises and Equipment (1,395) (867)
Proceeds from the Sale of a Subsidiary, Net 49 23
Net Increase in Other Investments (1,140) (123)
Net Cash Used By Investing Activities (103,492) (110,582)
Cash Flows from Financing Activities:    
Net Increase in Deposits 59,665 103,492
Net Increase (Decrease) in Short-Term Federal Home Loan Bank Borrowings 31,000 (1,000)
Net Increase (Decrease) in Short-Term Borrowings (4,718) 5,056
Repayments of Federal Home Loan Bank Term Advances (10,000) 0
Purchase of Treasury Stock (1,414) (1,916)
Stock Options Exercised, Net 1,692 701
Shares Issued Under the Employee Stock Purchase Plan 252 242
Shares Issued for Dividend Reinvestment Plans 856 845
Cash Dividends Paid (6,982) (6,744)
Net Cash Provided By Financing Activities 70,351 100,676
Net (Decrease) Increase in Cash and Cash Equivalents (12,097) 8,722
Cash and Cash Equivalents at Beginning of Period   57,355
Cash and Cash Equivalents at End of Period 60,741 66,077
Supplemental Disclosures to Statements of Cash Flow Information:    
Interest on Deposits and Borrowings 4,530 3,225
Income Taxes 5,294 5,629
Non-cash Investing and Financing Activity:    
Transfer of Loans to Other Real Estate Owned and Repossessed Assets $ 402 $ 588