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Cash Flow Statement

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 2013 Y2014 Y2015 Y2016 Y2017 Q3 YTD
Source Document9/30/20149/30/20159/30/20169/30/20166/30/2017
(in thousands)     
Net income 4,6965,3906,7517,9116,974
Adjustments to reconcile net income to net cash provided by (used in) operating activities 
Provision for loan losses 1,8581,2468596371,002
Depreciation and amortization 1,2411,4451,4521,461871
Amortization of premiums and accretion of discounts on securities, net 615643679553516
Decrease in trading account securities 352(2,109)(3,725)(211)3,436
Loans originated for sale (16,435)(8,458)(16,980)(27,572)(67,128)
Proceeds on sales of loans 17,1898,86311,32428,79752,145
Net gain on sales of loans (510)(287)(411)(1,145)(3,083)
Net unrealized gain on loans held for sale NANA(413)0NA
Net realized and unrealized gain on other real estate owned (42)73(1)(49)(168)
Unrealized loss on derivative contract 0NANANANA
Net gain on sales of available for sale securities (1)(123)NANA(30)
Gain on life insurance NA0(831)0(189)
Increase in cash surrender value of life insurance (387)(496)(479)(448)(318)
Net gain on sale of premises, equipment and real estate development NANA0(2,030)NA
Net gain on sale of premises and equipment NANANANA(30)
Loss on tax credit investment NANA04,236226
Deferred income taxes 513150(36)(2,431)1,293
ESOP and stock compensation expense 1,0631,1271,108628125
Increase in accrued interest receivable 21(120)(144)(151)(702)
Increase in accrued interest payable (52)(9)11970
Change in other assets and liabilities, net 1,201793273(1,001)(755)
Net Cash Provided By (Used In) Operating Activities 11,3228,128(563)9,194(5,745)
Investment in interest-bearing time deposits (1,500)0(1,600)(245)(445)
Proceeds from maturities of interest-bearing time deposits NANA0245990
Purchase of securities available for sale (50,951)(41,765)(23,669)(15,659)(26,422)
Proceeds from sales of securities available for sale 801808NANA4,255
Proceeds from maturities of securities available for sale 12,2239,66011,2276,7252,830
Proceeds from maturities of securities held to maturity 7676986661,381139
Principal collected on securities 19,91014,21918,81414,89413,047
Net increase in loans (21,070)(27,775)(24,519)(52,550)(48,644)
Purchase of Federal Reserve Bank stock NA0(945)0NA
Purchase of Federal Home Loan Bank stock (100)(1,017)(533)(216)0
Proceeds from redemption of Federal Home Loan Bank stock NA01,2750NA
Investment in cash surrender value of life insurance (4,000)(5,000)NANANA
Proceeds from life insurance 606NA4251,564NA
Investment in historic tax credit entity NA0(417)(3,285)NA
Proceeds from sale of other real estate owned 1,146778809472186
Investment in real estate development and construction (2,727)(216)(73)(35)0
Purchase of premises and equipment (4,745)(342)(475)(318)(389)
Proceeds from sale of premises, equipment and real estate development NANA01,866NA
Proceeds from sale of premises and equipment NANANANA19
Net Cash Used In Investing Activities (49,640)(49,952)(19,015)(45,161)(54,434)
Net increase in deposits (16,508)55,46810346,17094,433
Net increase in repurchase agreements 63432
Decrease in Federal Home Loan Bank line of credit 9,3482005,3196,766(21,633)
Proceeds from Federal Home Loan Bank advances 130,000372,000300,00035,00015,000
Repayment of Federal Home Loan Bank advances (103,062)(382,000)(280,000)(25,000)(15,000)
Proceeds from other long-term debt 2,868NANANANA
Repayment of other long-term debt (27)(161)(180)(4,632)0
Net decrease in advance payments by borrowers for taxes and insurance 8541135131(22)
Redemption of preferred stock NANA0(17,120)0
Proceeds from exercise of stock options 014615916962
Purchase of treasury stock (625)(3,273)(132)0NA
Dividends paid on preferred stock (171)(171)(171)(62)0
Dividends paid on common stock (1,572)(914)(995)(1,110)(915)
Net Cash Provided By Financing Activities 20,34241,33924,24240,31571,927
Net Increase in Cash and Cash Equivalents (17,976)(485)4,6644,34811,748
Cash and cash equivalents at beginning of period 38,79120,81520,33024,99429,342
Cash and Cash Equivalents at End of Period 20,81520,33024,99429,34241,090

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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