XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 3,935 $ 3,704
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 862 864
Provision for loan losses 980 633
Amortization of premiums, net 309 367
Amortization of intangible assets and mortgage servicing rights 244 213
Securities impairment loss recognized in earnings 508
Realized losses (gains) on sales of securities, net 34 (350)
Net gains on sales of loans (60) (176)
Net losses on foreclosed real estate 40 (10)
Gain on sale of premises and equipment (25)
Loans originated for sale (4,241) (4,266)
Proceeds from the sale of loans originated for sale 4,685 4,418
Write-down of foreclosed real estate 11
Stock compensation expense 187 164
Increase in bank-owned life insurance, net (250) (249)
Increase in accrued interest receivable (85) (310)
(Increase) decrease in prepaid expenses and other assets (2,959) 1,265
Increase (decrease) in accrued interest payable 47 154
Decrease in accrued expenses and other liabilities 636 1,095
Gain on bargain purchase (1,307)
Net cash provided by operating activities 4,350 6,717
Cash flows from investing activities    
Loan originations and principal collections, net (16,679) (43,771)
Purchase of residential mortgage loans
Proceeds from sales of loans held for sale previously classified as portfolio loans 1,817
Settlement of syndicated national credits
Sales 12,683 18,195
Maturities, repayments and calls 6,822 7,818
Purchases (18,645) (25,163)
Net cash paid for acquisition 2,517
Redemption of federal bank stocks 196 (34)
Proceeds from the sale of bank premises and equipment 155
Proceeds from the sale of foreclosed real estate 388 144
Purchases of premises and equipment (574) (279)
Net cash used in investing activities (15,654) (38,756)
Cash flows from financing activities    
Net increase in deposits 27,718 57,864
Repayments on long-term debt (5,750) (750)
Proceeds from other long-term debt 5,000
Net change in short-term borrowings (450) (7,000)
Proceeds from exercise of stock options 1,376
Dividends paid (1,908) (1,763)
Net cash provided by financing activities 19,610 54,727
Increase in cash and cash equivalents 8,306 22,688
Cash and cash equivalents at beginning of period 14,374 17,568
Cash and cash equivalents at end of period 22,680 40,256
Supplemental information:    
Interest paid 3,670 3,070
Income taxes paid 560 875
Supplemental noncash disclosure:    
Transfers from loans to foreclosed real estate 526 272
Transfers from portfolio loans to loans held for sale $ 1,725