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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 11,767 $ 10,308
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 905 250
Depreciation and amortization 1,579 1,652
Amortization of investment security premiums and accretion of discounts, net 1,553 939
Amortization of deferred loan costs 507 355
Amortization of core deposit intangible 153  
Stock based compensation 41 97
Deferred gain on sale of premises (387) (387)
Gain on sale of other real estate owned (20)  
Equity in losses of real estate limited partnerships, net 1,222 846
Increase in cash surrender value of bank owned life insurance (158) (181)
Changes in assets and liabilities:    
Net change in interest receivable 464 111
Net change in other assets 1,142 1,247
Net change in interest payable (37) (32)
Net change in other liabilities 1,427 841
Net cash provided by operating activities 20,158 16,046
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of investment securities available for sale 33,283 34,957
Proceeds from maturities of investment securities held to maturity 29,382 14,917
Purchases of investment securities available for sale (45,403) (112,892)
Loan originations in excess of principal payments (63,887) (76,020)
Purchases of Federal Home Loan Bank stock, net (1,047)  
Proceeds from sales of other real estate owned 92  
Real estate limited partnership investments (827) (1,594)
Purchases of bank premises and equipment (173) (1,179)
Net cash used in investing activities (48,580) (141,811)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits (47,599) 78,701
Net increase in short-term borrowings 22,000  
Net (decrease) increase in securities sold under agreement to repurchase (10,556) 9,330
Principal payments on long-term debt (1,565) (62)
Cash dividends paid (5,768) (5,319)
Proceeds from the exercise of stock warrants 235  
Increase in deferred compensation arrangements 430 215
Tax benefit from exercise of stock options and distribution of shares in deferred compensation arrangements (221) (100)
Net cash (used in) provided by financing activities (43,044) 82,765
Decrease in cash and cash equivalents (71,466) (43,000)
Cash and cash equivalents beginning of period 150,183 154,459
Cash and cash equivalents end of period 78,717 111,459
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Total interest payments 3,432 3,079
Total income tax payments 1,122  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Distribution of stock under deferred compensation arrangements 559 514
Non-cash exercise of stock options and warrants 161 $ 626
Transfer of loans to other real estate owned $ 60