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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 8,342 $ 8,216
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 650 100
Depreciation 913 949
Net accretion of acquisition accounting adjustments (1,029) (1,353)
Core deposit intangible amortization 368 576
Net amortization of securities 996 1,356
Net gains on sale or call of securities (590) (588)
Gain on sale of loans held for sale (774) (514)
Proceeds from sales of loans held for sale 43,421 30,465
Originations of loans held for sale (39,030) (31,377)
Net loss on other real estate owned 3 64
Valuation allowance on other real estate owned 74 76
Net loss on sale of premises and equipment 0 8
Equity based compensation expense 559 447
Earnings on bank owned life insurance (218) (227)
Deferred income tax expense (benefit) 1,138 (1,763)
Net change in interest receivable 263 (858)
Net change in other assets (1,232) 151
Net change in interest payable (13) 13
Net change in other liabilities (1,204) 625
Net cash provided by operating activities 12,637 6,366
Cash Flows from Investing Activities:    
Proceeds from sales of securities available for sale 55,403 9,317
Proceeds from maturities, calls and paydowns of securities available for sale 26,075 63,183
Purchases of securities available for sale (14,585) (93,501)
Net change in restricted stock 723 (50)
Net increase in loans (123,113) (51,143)
Proceeds from sale of premises and equipment 0 1
Purchases of premises and equipment (1,739) (269)
Proceeds from sales of other real estate owned 78 852
Net cash used in investing activities (57,158) (71,610)
Cash Flows from Financing Activities:    
Net change in demand, money market, and savings deposits 81,875 29,697
Net change in time deposits 10,326 6,028
Net change in customer repurchase agreements 9,116 12,758
Net change in other short-term borrowings (20,000) 0
Common stock dividends paid (4,147) (4,133)
Repurchase of common stock 0 (1,203)
Proceeds from exercise of stock options 73 101
Net cash provided by financing activities 77,243 43,248
Net Increase (Decrease) in Cash and Cash Equivalents 32,722 (21,996)
Cash and Cash Equivalents at Beginning of Period 53,207 95,337
Cash and Cash Equivalents at End of Period $ 85,929 $ 73,341