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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,490 $ 3,336
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 215  
Depreciation and amortization 542 523
Amortization of investment security premiums and accretion of discounts, net 298 252
Amortization of deferred loan costs 148  
Amortization of core deposit intangible 51  
Stock based compensation 166 33
Deferred (gain) on sale of premises (129) (129)
Equity in losses of real estate limited partnership, net (393) (282)
Increase in cash surrender value of bank owned life insurance (55) (61)
Changes in assets and liabilities:    
Net change in interest receivable (511) (360)
Net change in other assets 347 1,300
Net change in interest payable (16) (9)
Net change in other liabilities 844 356
Net cash provided by operating activities 5,783 5,523
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of investment securities available for sale 8,487 10,284
Proceeds from maturities of investment securities held to maturity 4,412 4,295
Purchases of investment securities available for sale (15,277) (54,778)
Loan originations in excess of principal payments (7,543) (17,912)
Purchases of Federal Home Loan Bank stock, net (66)  
Real estate limited partnership investments (513) (543)
Purchases of bank premises and equipment (44) (612)
Net cash provided by (used in) investing activities (10,544) (59,266)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits (24,651) 21,025
Net increase in securities sold under agreement to repurchase and other short-term borrowing (37,636) (52,078)
Principal issued (payments) on long-term debt (522) (20)
Cash dividends paid (1,920) (1,772)
Increase in deferred compensation arrangements (53) 48
Net cash provided by financing activities (64,782) (32,797)
Increase (decrease) in cash and cash equivalents (69,543) (86,540)
Cash and cash equivalents beginning of year 150,183 154,459
Cash and cash equivalents end of year 80,640 67,919
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Total interest payments 1,166 1,062
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Distribution of stock under deferred compensation arrangements $ 559 $ 515