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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 18,647 $ 19,542 $ 12,004
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation/amortization 2,645 2,423 2,357
Net amortization of premiums on securities 375 422 667
Amortization of deferred loan origination fees and costs (1,480) (1,554) (1,640)
Net amortization of operating lease right of use assets 760 0 0
Net amortization of finance lease right of use assets 177 0 0
Repayment of lease obligations (882) 0 0
Provision for loan losses 2,450 2,700 4,175
Provision for losses on foreclosured real estate 643 0  
Provision for losses on foreclosured real estate     (47)
Deferred income tax (benefit) expense (595) (34) 3,287
Increase in bank owned life insurance (1,252) (972) (1,028)
Originations of mortgage loans held for sale (43,284) (35,537) (39,687)
Originations of SBA loans held for sale (6,951) (13,932) (5,316)
Proceeds from sales of mortgage loans held for sale 39,368 36,602 40,203
Proceeds from sales of SBA loans held for sale 4,120 11,781 5,416
Gain on sales of mortgage loans held for sale (911) (905) (1,039)
Gain on sales of SBA loans held for sale (295) (806) (395)
Loss (gain) on disposal of premises and equipment 350 (11) (9)
Gain on lease write off (8) 0 0
Loss (gain) on sales of securities, available-for-sale 9 0 (79)
Loss (gain) on sales of foreclosed real estate 0 2 (11)
Stock-based compensation 666 697 752
Decrease (increase) in interest receivable 536 (584) (520)
Decrease (increase) in other assets 573 (423) (1,593)
Increase in interest payable 6 210 176
Increase (decrease) in other liabilities 969 1,329 (984)
Net cash provided by operating activities 16,636 20,950 16,689
Cash flows from investing activities      
Purchases of securities, available-for-sale (124,463) (22,663) (13,546)
Maturities, repayments and calls of securities, available-for-sale 98,727 29,635 43,900
Sales of securities, available-for-sale 19,745 0 5,692
Redemption of restricted investment in bank stock 1,371 389 615
Net increase in loans made to customers (18,503) (86,316) (127,509)
Purchases of premises and equipment (3,103) (2,754) (2,157)
Investment in bank owned life insurance (6,836) (7) (4,007)
Proceeds from sales of foreclosed real estate 315 168 454
Net cash used in investing activities (32,747) (81,548) (96,558)
Cash flows from financing activities      
Net increase in demand and savings deposits 17,149 92,018 100,994
Net increase in time deposits 78,135 18,755 19,336
Net increase (decrease) in short-term borrowings 903 (13,473) (36,142)
Proceeds from issuance of long-term debt 0 30,000 20,000
Repayment of long-term debt (35,040) (45,000) (15,000)
Cash dividends paid to shareholders (6,017) (5,539) (4,559)
Proceeds from treasury stock reissuance 334 0 0
Payment of taxes related to stock withheld (88) (158) (163)
Treasury stock repurchased (4,993) 0 0
Proceeds from issuance of stock 550 1,272 914
Cash paid in lieu of fractional shares (13) (19) (19)
Net cash provided by financing activities 50,920 77,856 85,361
Net increase in cash and cash equivalents 34,809 17,258 5,492
Cash and cash equivalents at beginning of year 96,782 79,524 74,032
Cash and cash equivalents at end of period $ 131,591 $ 96,782 $ 79,524