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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 $ 16,301 $ 15,039 $ 12,741
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 250 950 400
Depreciation 1,892 1,833 1,688
Net accretion of acquisition accounting adjustments (2,318) (3,197) (2,431)
Core deposit intangible amortization 964 1,201 1,114
Net amortization of securities 2,678 2,720 2,535
Net gain on sale or call of securities (836) (867) (505)
Gain on sale of loans held for sale (1,328) (1,041) (883)
Proceeds from sales of loans held for sale 76,928 57,421 52,592
Originations of loans held for sale (78,330) (59,030) (49,565)
Net loss (gain) on other real estate owned 72 (185) (66)
Valuation allowance on other real estate owned 156 86 68
Net loss on sale of premises and equipment 9 (11) 10
Equity-based compensation expense 824 692 647
Net change in bank owned life insurance (505) (510) (447)
Deferred income tax expense 882 1,741 49
Net change in interest receivable (967) 744 207
Net change in other assets (1,390) 1,778 (2,057)
Net change in interest payable (32) 16 (23)
Net change in other liabilities 867 (118) 524
Net cash provided by operating activities 16,117 19,262 16,598
Cash Flows from Investing Activities:      
Proceeds from sales of securities available for sale 13,019 15,425 13,667
Proceeds from maturities, calls and paydowns of securities available for sale 140,483 122,984 78,350
Purchases of securities available for sale (168,069) (120,040) (89,151)
Net change in restricted stock (912) (358) 355
Net increase in loans (157,198) (48,318) (44,658)
Proceeds from sale of premises and equipment 1 44 0
Purchases of premises and equipment (3,613) (1,474) (1,049)
Proceeds from sales of other real estate owned 923 2,135 1,687
Cash paid in bank acquisition 0 (5,935) 0
Cash acquired in bank acquisition 0 18,173 0
Net cash used in investing activities (175,366) (17,364) (40,799)
Cash Flows from Financing Activities:      
Net change in demand, money market, and savings deposits 126,435 70,879 43,943
Net change in time deposits (18,455) (21,089) (25,781)
Net change in customer repurchase agreements (1,445) (12,869) 14,002
Net change in other short-term borrowings 20,000 0 0
Net change in long-term borrowings 0 0 (38)
Common stock dividends paid (8,266) (8,068) (7,237)
Repurchase of common stock (1,292) (3,506) (1,508)
Proceeds from exercise of stock options 142 789 442
Net cash provided by financing activities 117,119 26,136 23,823
Net Increase (Decrease) in Cash and Cash Equivalents (42,130) 28,034 (378)
Cash and Cash Equivalents at Beginning of Period 95,337 67,303 67,681
Cash and Cash Equivalents at End of Period $ 53,207 $ 95,337 $ 67,303