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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 $ 17,297 $ 16,102 $ 11,356
Adjustments to reconcile net earnings to net cash      
Depreciation 1,224 1,076 1,074
Provision for loan losses 500 1,250 2,250
Stock compensation expense 200 151 1
Deferred income tax expense (357) 190 1,004
Loans originated for sale (10,593) (4,762) (2,663)
Proceeds from loans sold 11,196 4,510 2,457
Securities losses (1,127) (1,444) (213)
Loss on disposal of assets (946) (24) 815
Write down of foreclosed properties 668 2,415 3,771
Amortization of securities premiums (accretion of discounts), net 4,325 5,131 5,279
Amortization (accretion) related to acquisitions, net (44) 12 12
Amortization of intangibles 247 200 250
Decrease in accrued interest receivable (254) 293 (169)
Increase in cash surrender value of bank owned life insurance (1,059) (1,032) (1,088)
(Increase) decrease in other assets (894) (1,077) (55)
Increase (decrease) in other liabilities 2,827 657 1,521
Net cash provided by operating activities 23,210 23,648 25,602
Cash Flows from Investing Activities      
Proceeds from maturities and calls of securities available for sale 3,235 2,043 4,051
Proceeds from sales of securities available for sale 72,453 69,632 80,914
Principal payments received on securities available for sale 35,881 38,502 34,390
Purchases of securities available for sale (99,497) (113,677) (111,438)
Purchases of other investments (18,273) (9,997) (3,899)
Redemption of Federal Home Loan Bank Stock 14,066 7,231 5,532
Net principal payments received on loans (170,716) (63,359) (87,983)
Purchases of premises and equipment (1,857) (2,588) (511)
Proceeds from disposal of premises and equipment 43 0 9
Proceeds from sales of other repossessed assets & property held for sale 4,705 13,224 14,602
Cash Acquired from Acquisition 31,409 0 0
Net cash provided by (used in) investing activities (128,551) (58,989) (64,333)
Cash Flows from Financing Activities      
Net increase in demand deposit, NOW and savings accounts 78,462 28,487 100,174
Net decrease in time deposits 43,575 (23,125) (42,672)
Net increase in short-term borrowings 53,068 47,761 60,865
Repayment of long-term borrowings (28,911) (1,909) (86,027)
Repayments of Subordinated Debt 0 (16,800) 0
Net proceeds from issuance of common stock 101 4,772 7,822
Payments for Repurchase of Common Stock 0 (1,080) 0
Origination of Loans to Employee Stock Ownership Plans 0 (2,250) 0
Exercise of stock options 447 51 71
Payments of Ordinary Dividends, Common Stock (4,272) (3,398) 0
Dividends paid on preferred stock 0 (191) (774)
Net cash provided by (used in) financing activities 142,470 32,318 39,459
Increase in cash and cash equivalents 37,129 (3,023) 728
Cash and cash equivalents:      
Beginning 9,487 12,510 11,782
Ending 46,616 9,487 12,510
Cash payments for:      
Interest 15,175 12,854 15,862
Income taxes 8,022 7,440 2,843
Supplemental Schedule of Noncash Investing and Financing Activities      
Other assets acquired in settlement of loans 2,394 2,622 2,961
Noncash or Part Noncash Acquisition, Value of Assets Acquired 70,894 0 0
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed $ 107,094 $ 0 $ 0