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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 5,506 $ 4,637
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 464 457
Change in deferred taxes (163) 80
Provision for loan losses 500 500
Loans originated for resale (4,835) (10,069)
Proceeds from sales and transfers of loans 5,016 10,024
Net gain on sales of loans (79) (152)
Net gain on sale or call of securities (136) (3)
Net amortization of premiums on investments 552 904
Net gain on sale of other real estate owned (13) (1)
Equity compensation expense 95 83
Net increase in other assets and accrued interest (1,214) (2,192)
Net increase (decrease) in other liabilities 5,014 (1,269)
Net loss on disposal of premises and equipment 127 7
Amortization of investment in limited partnership 43 45
Net acquisition amortization 11 11
Net cash provided by operating activities 10,888 3,062
Cash flows from investing activities    
(Increase) decrease in interest-bearing deposits in other banks 580 (2,979)
Proceeds from sales of securities available for sale 459 3
Proceeds from maturities, payments and calls of securities available for sale 14,579 103,781
Proceeds from maturities, payments and calls of securities to be held to maturity 2,751 2,756
Proceeds from sales of other real estate owned 133 44
Purchases of securities available for sale (23,262) (117,017)
Purchases of securities to be held to maturity (4,862) (16,637)
Purchase of restricted equity securities (1,589) (1,433)
Net increase in loans (24,364) (18,673)
Capital expenditures (132) (22)
Net cash used by investing activities (35,707) (50,177)
Cash flows from financing activities    
Net increase (decrease) in demand, savings, and money market accounts (66,433) 53,097
Net increase in certificates of deposit 75,746 50,429
Net increase (decrease) in short-term borrowings 15,491 (52,434)
Repayment on long-term borrowings (20) 0
Payment to repurchase common stock (167) (146)
Proceeds from sale of common stock 157 185
Dividends paid (2,603) (3,782)
Net cash provided by financing activities 22,171 47,349
Net increase (decrease) in cash and cash equivalents (2,648) 234
Cash and cash equivalents at beginning of period 19,207 17,366
Cash and cash equivalents at end of period 16,559 17,600
Interest paid 3,925 2,975
Income taxes paid (refunded) (8) 0
Non-cash transactions    
Net transfer from loans to other real estate owned $ 229 $ 193