Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 2,744 $ 1,647
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Loan Losses 310 452
Depreciation 1,735 1,705
Amortization of Premiums, Discounts, and Fees (net) 1,575 1,569
Net Decrease (Increase) in Loans Held-for-Sale 3,388 1,157
Stock Compensation 408 247
Deferred Income Taxes 1,174 693
Loss on Sales and Write-Downs of Other Real Estate Owned 490 1,076
Loss on Sale or Disposal of Premises and Equipment 6 2
Net (Increase) Decrease in Other Assets 7,920 (2,063)
Net Increase in Other Liabilities 4,168 2,765
Net Cash Provided By Operating Activities 23,918 9,250
Securities Held to Maturity:    
Purchases (10,738) (5,064)
Payments, Maturities, and Calls 29,338 5,631
Securities Available for Sale:    
Purchases (50,022) (39,499)
Payments, Maturities, and Calls 30,732 28,566
Payments To Acquire Loans Held For Investment (18,513) 0
Payments for (Proceeds from) Loans Receivable (6,099) (16,574)
Proceeds From Sales of Other Real Estate Owned 2,114 1,965
Purchases of Premises and Equipment, net (923) (917)
Net Cash Used In Investing Activities (24,111) (25,892)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (Decrease) Increase in Deposits 47,019 (11,441)
Net Increase in Short-Term Borrowings (2,146) 1,427
Repayment of Other Long-Term Borrowings (1,421) (766)
Dividends Paid (847) (689)
Payments to Repurchase Common Stock 0 (50)
Issuance of Common Stock Under Compensation Plans 88 78
Net Cash (Used In) Provided By Financing Activities 42,693 (11,441)
NET DECREASE IN CASH AND CASH EQUIVALENTS 42,500 (28,083)
Cash and Cash Equivalents at Beginning of Period 296,047 378,905
Cash and Cash Equivalents at End of Period 338,547 350,822
Supplemental Cash Flow Disclosures:    
Interest Paid 808 829
Income Taxes Paid 691 50
Noncash Investing and Financing Activities:    
Loans Transferred to Other Real Estate Owned 1,541 1,201
Transfer of Current Portion of Long-Term Borrowings $ 0 $ 437