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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net income $ 4,506 $ 7,092
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 726 601
Provision for credit losses 5,250 250
Share-based compensation expense 162 132
Deferred income tax benefit (267) (313)
Loans originated for sale (6,444) (3,946)
Proceeds from sale of loans 7,227 3,980
Gain (Loss) on Sales of Loans, Net (111) (67)
Realized securities (gains) losses, net (1,038) 3
Gain (Loss) on Disposition of Assets 67 2
Write-downs of foreclosed properties 945 249
Amortization of securities premiums, net 558 655
Amortization (accretion) related to acquisitions, net (350) (76)
Amortization of intangibles 429 476
Earnings on cash surrender value of bank owned life insurance (179) (328)
Decrease in accrued interest receivable 205 311
(Increase) decrease in other assets (1,247) 69
(Decrease) increase in other liabilities (1,003) 2,140
Net cash provided by operating activities 9,302 11,226
Cash Flows from Investing Activities    
Proceeds from maturities and calls of securities available for sale 2,200 1,100
Proceeds from Sale of Debt Securities, Available-for-sale 74,750 79,776
Principal payments received on securities available for sale 6,374 4,684
Payments to Acquire Debt Securities, Available-for-sale 22,321 31,839
Purchases of other investments (5,001) (1,348)
Proceeds from redemptions of other investments 6,397 5,330
Net loan originations (52,787) (5,295)
Purchases of premises and equipment (2,971) (708)
Proceeds from Sale of Property, Plant, and Equipment 9 3
Improvements to property held for sale (585) (1)
Proceeds from sales of repossessed assets & property held for sale 780 451
Cash Acquired from Acquisition 46,034 20,589
Net cash provided by investing activities 52,879 72,742
Cash Flows from Financing Activities    
Net increase in demand deposit, NOW and savings accounts 4,952 25,880
Net (decrease) increase in time deposits (46,443) 16,032
Net decrease in short-term borrowings (37,599) (122,791)
Repayment of long-term borrowings (6) (4)
Proceeds from issuance of common stock, net of issuance costs (36) (20)
Payments for Repurchase of Common Stock 1,282 2,876
Dividends paid on common stock (2,201) (1,775)
Net cash used in financing activities (82,615) (85,554)
Decrease in cash and cash equivalents (20,434) (1,586)
Cash and cash equivalents:    
Beginning 61,888 59,540
Ending 41,454 57,954
Cash payments for:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 6,338 7,134
Income taxes 0 0
Supplemental Disclosures of Noncash Investing and Financing Activities    
Real property and other assets acquired in settlement of loans 175 3,691
Noncash or Part Noncash Acquisition, Other Assets Acquired 135,130 100,377
Noncash or Part Noncash Acquisition, Other Liabilities Assumed $ 176,545 $ 114,151