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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 $ 7,331 $ 6,343 $ 6,490
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for loan losses 2,359 1,433 2,653
Depreciation and amortization 1,544 1,439 1,299
Provision for loss on premises held for sale   426  
Loans originated for resale   (4,192) (13,579)
Proceeds from sale of loans originated for sale   4,296 13,990
Gain on sale of loans held for sale   (104) (493)
Net loss (gain) on the sale of OREO 436 20 (322)
Gain on sales of investment securities (31) (4) (19)
Gain on sale of asset (12) (19) (7)
Net amortization of premium/discount on investment securities 509 245 344
Increase in OREO valuation allowance 574 664 234
Increase in cash surrender of bank owned life insurance (789) (815) (671)
(Increase) decrease in deferred income tax benefit (555) (750) 1,138
Increase in accrued interest receivable (761) (182) (62)
Stock based compensation 489 319 182
Increase in net deferred loan premiums 1,552 85 265
Increase (decrease) in accrued expenses and other liabilities 1,414 1,770 (1,060)
(Increase) decrease in other assets (1,145) 1,523 251
Net cash provided by operating activities 12,915 12,497 10,633
Cash Flows from Investing Activities      
Purchase of AFS investment securities (31,312) (2,084) (3,253)
Proceeds from redemption or principal payments of AFS investment securities 5,653 8,986 8,111
Purchase of HTM investment securities (24,504) (42,949) (16,230)
Proceeds from maturities or principal payments of HTM investment securities 23,564 17,860 14,020
Net increase of FHLB and FRB stock (303) (497) (842)
Purchase of bank owned life insurance policies     (7,000)
Loans originated or acquired (411,564) (258,844) (261,971)
Principal collected on loans 234,587 205,100 193,113
Purchase of premises and equipment (3,970) (3,450) (2,355)
Proceeds from sale of OREO 3,423 1,184 3,742
Proceeds from sale of investment securities 7,256 66 6,209
Proceeds from disposal of asset 2,044 34 20
Net cash used in investing activities (195,126) (74,594) (66,436)
Cash Flows from Financing Activities      
Net increase in deposits 131,925 37,515 48,089
Proceeds from long-term debt 15,000   5,000
Payments of long-term debt (5,058) (19,055) (804)
Net increase in short term borrowings 43,000 34,000 2,000
Exercise of stock options     226
Proceeds from subordinated notes   23,000  
Redemption of Small Business Lending Fund Preferred Stock   (20,000)  
Dividends paid (1,814) (1,916) (2,055)
Net change in unearned ESOP shares 147 146 201
Repurchase of common stock (865) (1,827)  
Net cash provided by financing activities 182,335 51,863 52,657
Increase (Decrease) in Cash and Cash Equivalents 124 (10,234) (3,146)
Cash and cash equivalents - January 1 11,139 21,373 24,519
Cash and cash equivalents - December 31 11,263 11,139 21,373
Supplemental Disclosures of Cash Flow Information      
Interest 7,993 6,799 6,661
Income taxes 5,325 3,604 3,732
Supplemental Schedule of Non-Cash Operating Activities      
Issuance of common stock for payment of compensation 575 319 182
Transfer from loans to OREO 3,120 5,436 2,742
Transfer from OREO to loans 2,176   $ 1,000
Transfer of OREO to Fixed Assets 372    
Transfer from premises and equipment to premises and equipment held for sale $ 345 $ 2,426