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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities    
Net income $ 4,885 $ 3,346
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 756 991
Depreciation and amortization 806 746
Net (gain) loss on the sale of OREO (36) 443
Gain on sales of investment securities (133) (39)
Gain on sale of asset (47) (4)
Net amortization of premium/discount on investment securities 199 268
Increase in OREO valuation allowance 313 262
Increase in cash surrender of bank owned life insurance (386) (394)
Increase in deferred income tax benefit (616) (115)
Increase in accrued interest receivable (233) (268)
Stock based compensation 284 160
Increase (decrease) in net deferred loan premiums (456) 705
Decrease in accrued expenses and other liabilities (4,887) (1,061)
Decrease (increase) in other assets 751 (467)
Net cash provided by operating activities 1,200 4,573
Cash Flows from Investing Activities    
Purchase of AFS investment securities (7,653) (9,611)
Proceeds from redemption or principal payments of AFS investment securities 3,369 2,912
Purchase of HTM investment securities (10,082) (9,963)
Proceeds from maturities or principal payments of HTM investment securities 8,905 10,688
Net (decrease) increase of FHLB and FRB stock (510) 1,927
Loans originated or acquired (182,660) (193,983)
Principal collected on loans 126,878 103,627
Purchase of premises and equipment (638) (3,408)
Proceeds from sale of OREO 903 2,630
Proceeds from sale of HTM investment securities 3,569 710
Proceeds from sale of AFS investment securities 3,702 2,464
Proceeds from disposal of asset 387 2,015
Net cash used in investing activities (53,830) (89,992)
Cash Flows from Financing Activities    
Net increase in deposits 48,981 86,576
Proceeds from long-term debt 10,000 15,000
Payments of long-term debt (10,030) (5,029)
Net increase (decrease) in short term borrowings 9,500 (8,000)
Exercise of stock options 137  
Dividends paid (901) (908)
Repurchase of common stock   (336)
Net cash provided by financing activities 57,687 87,303
Decrease in Cash and Cash Equivalents 5,057 1,884
Cash and cash equivalents - January 1 11,263 11,139
Cash and cash equivalents - June 30 16,320 13,023
Supplemental Disclosures of Cash Flow Information    
Interest 4,700 3,920
Income taxes 3,450 2,175
Supplemental Schedule of Non-Cash Operating Activities    
Issuance of common stock for payment of compensation 203 464
Transfer from loans to OREO 2,772 2,718
Financed amount of sale of OREO $ 200 1,830
Transfer of OREO to Fixed Assets   $ 372