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Cash Flow Statement

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 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document9/30/20149/30/20159/30/20169/30/201612/31/2016
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
CASH FLOWS FROM OPERATING ACTIVITIES 
Net income 4,6965,3906,7517,9112,337
Adjustments to reconcile net income to net cash provided by (used in) operating activities 
Provision for loan losses 1,8581,246859637306
Depreciation and amortization 1,2411,4451,4521,461293
Amortization of premiums and accretion of discounts on securities, net 615643679553201
Decrease in trading account securities 352(2,109)(3,725)(211)117
Loans originated for sale (16,435)(8,458)(16,980)(27,572)(32,929)
Proceeds on sales of loans 17,1898,86311,32428,79722,719
Net gain on sales of loans (510)(287)(411)(1,145)(1,005)
Net unrealized gain on loans held for sale NANA(413)0NA
Net realized and unrealized (gain) loss on other real estate owned (42)73(1)(49)(113)
Net gain on sales of available for sale securities (1)(123)NANANA
Unrealized loss on derivative contract 0NANANANA
Gain on life insurance NA0(831)0(189)
Increase in cash surrender value of life insurance (387)(496)(479)(448)(109)
Net gain on sale of premises, equipment and real estate development NANA0(2,030)(7)
Loss on tax credit investment NANA04,236NA
Deferred income taxes 513150(36)(2,431)333
ESOP and stock compensation expense 1,0631,1271,10862825
Increase in accrued interest receivable 21(120)(144)(151)(540)
Increase in accrued interest payable (52)(9)1196
Change in other assets and liabilities, net 1,201793273(1,001)(1,159)
Net Cash Provided By (Used In) Operating Activities 11,3228,128(563)9,194(9,714)
CASH FLOWS FROM INVESTING ACTIVITIES 
Investment in interest-bearing time deposits (1,500)0(1,600)(245)NA
Proceeds from maturities of interest-bearing time deposit maturities NANA0245245
Purchase of securities available for sale (50,951)(41,765)(23,669)(15,659)(11,222)
Proceeds from sales of securities available for sale 801808NANANA
Proceeds from maturities of securities available for sale 12,2239,66011,2276,725560
Proceeds from maturities of securities held to maturity 7676986661,38125
Principal collected on securities 19,91014,21918,81414,8946,161
Net increase in loans (21,070)(27,775)(24,519)(52,550)(16,344)
Purchase of Federal Reserve Bank stock NA0(945)0NA
Purchase of Federal Home Loan Bank stock (100)(1,017)(533)(216)NA
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 1,146778809472NA
Investment in real estate development and construction (2,727)(216)(73)(35)NA
Purchase of premises and equipment (4,745)(342)(475)(318)(120)
Proceeds from sale of premises, equipment and real estate development NANA01,866NA
Net Cash Provided By (Used In) Investing Activities (49,640)(49,952)(19,015)(45,161)(20,695)
CASH FLOWS FROM FINANCING ACTIVITIES 
Net increase in deposits (16,508)55,46810346,17045,479
Net increase in repurchase agreements 63431
Decrease in Federal Home Loan Bank line of credit 9,3482005,3196,766(16,637)
Proceeds from Federal Home Loan Bank advances 130,000372,000300,00035,000NA
Repayment of Federal Home Loan Bank advances (103,062)(382,000)(280,000)(25,000)NA
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(343)
Redemption of preferred stock NANA0(17,120)NA
Proceeds from exercise of stock options 014615916926
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)(288)
Net Cash Provided By (Used In) Financing Activities 20,34241,33924,24240,31528,238
Net Increase (Decrease) in Cash and Cash Equivalents (17,976)(485)4,6644,348(2,171)
Cash and cash equivalents at beginning of period 38,79120,81520,33024,99429,342
Cash and Cash Equivalents at End of Period 20,81520,33024,99429,34227,171


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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