| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | |||||||||
Net Income (Loss) | |||||||||
17,699 | 10,609 | 14,501 | 12,082 | 7,315 | 25,537 | 8,545 | -3,762 | -11,899 | -34,177 |
Adjustments to reconcile net income to net cash from operating activities | |||||||||
Recovery Of Loan Losses | |||||||||
-100 | -700 | -2,200 | -3,000 | - | - | - | - | - | - |
Provision For (Recovery Of) Loan Losses | |||||||||
- | - | - | - | 500 | - | - | - | - | - |
Recovery of loan losses | |||||||||
- | - | - | - | - | 2,200 | 7,350 | 13,800 | 20,500 | 36,000 |
Depreciation | |||||||||
1,465 | 1,555 | 1,614 | 1,558 | 1,656 | 1,819 | 1,964 | 2,021 | 2,122 | 2,228 |
Deferred tax expense | |||||||||
- | - | -3,512 | -4,592 | -2,503 | 18,155 | - | - | - | - |
Writedown of deferred tax assets | |||||||||
- | 4,278 | - | 0 | - | - | - | - | - | - |
(Increase) decrease in net deferred federal income tax asset | |||||||||
- | - | - | - | - | - | -5,000 | - | - | - |
Increase in net deferred federal income tax asset | |||||||||
- | - | - | - | - | - | - | 497 | - | - |
(Increase) decrease in net deferred federal income tax asset | |||||||||
- | - | - | - | - | - | - | - | 3,183 | 7,087 |
Net amortization of investment premium and discount | |||||||||
-2,135 | -2,299 | -2,000 | -1,369 | -986 | -1,688 | -2,092 | -1,137 | -1,300 | -555 |
Adjustment for assets carried at fair market value | |||||||||
51 | - | - | - | - | - | - | - | - | - |
Writedowns of Other Real Estate Owned | |||||||||
42 | 76 | 98 | 531 | 988 | 1,708 | 1,426 | 3,733 | 3,729 | 7,917 |
Net decrease in interest payable and other liabilities | |||||||||
754 | 90 | 1,842 | -1,113 | 1,311 | 2,569 | 1,057 | 1,457 | -1,375 | -1,863 |
Net decrease (increase ) in interest receivable and other assets | |||||||||
-3,231 | -905 | 1,664 | -615 | 2,152 | 787 | - | - | - | - |
Writedowns of Other Assets | |||||||||
- | 37 | - | 0 | - | - | - | - | - | - |
Net (increase) decrease in interest receivable and other assets | |||||||||
- | - | - | - | - | - | -2,323 | -4,130 | -12,564 | 7,541 |
Equity based compensation expense | |||||||||
682 | 614 | 548 | 412 | 258 | 151 | 185 | 150 | 93 | 125 |
Net loss on sale/settlement of securities | |||||||||
-814 | -546 | 2,151 | - | - | - | - | - | - | - |
Net loss (gain) on sale/settlement of securities | |||||||||
- | - | - | 398 | -654 | 424 | 1,280 | 1,084 | 3,260 | 7,421 |
Increase in cash surrender value of life insurance | |||||||||
1,410 | 1,497 | 1,322 | 1,268 | 1,332 | 1,382 | - | - | - | - |
Net cash provided by operating activities | |||||||||
25,363 | 18,812 | 16,778 | 15,380 | - | - | - | - | 25,013 | 13,078 |
Cash Flows from Investing Activities | |||||||||
Net gain on life insurance claims | |||||||||
- | - | - | - | - | - | - | 385 | 0 | 0 |
Other Than Temporary Impairment of investment securities | |||||||||
- | - | - | - | - | - | - | - | - | 11,761 |
Increase in cash surrender value of life insurance | |||||||||
- | - | - | - | - | - | -1,458 | -1,583 | -1,944 | -1,593 |
Net cash provided by operating activities | |||||||||
- | - | - | - | 11,687 | 14,924 | 17,204 | 19,117 | - | - |
Proceeds from maturities of interest bearing time deposits in other banks | |||||||||
4,400 | 4,250 | 500 | 0 | 0 | - | - | - | - | - |
Proceeds from maturities and redemptions of investment securities held to maturity | |||||||||
9,653 | 11,963 | 10,213 | 7,602 | 8,823 | 20,652 | 13,576 | 11,721 | 14,070 | 31,583 |
Proceeds from maturities and redemptions of investment securities available for sale | |||||||||
54,856 | 43,989 | 316,756 | 198,643 | 45,082 | 70,563 | 289,772 | 138,264 | 69,302 | 150,050 |
Proceeds from sales of investment securities available for sale | |||||||||
46,030 | 188,665 | 36,114 | 39,238 | 122,579 | 81,875 | 53,034 | 10,365 | 162,252 | 289,274 |
Proceeds from sales of interest bearing time deposits in other banks | |||||||||
1,612 | - | - | - | - | - | - | - | 150 | 0 |
Net increase in loans | |||||||||
74,366 | 43,538 | 35,320 | 8,250 | 18,154 | -22,036 | -29,978 | -48,097 | -60,079 | -42,797 |
Proceeds from sales of other real estate owned | |||||||||
2,010 | 1,228 | 1,538 | 3,925 | 6,048 | 8,434 | 12,024 | 10,428 | 6,653 | 8,211 |
Proceeds from sales of other assets | |||||||||
438 | 237 | 195 | 96 | 40 | 274 | 166 | 210 | - | - |
Purchase of time deposits in other banks | |||||||||
- | 500 | 13,946 | 5,500 | 0 | - | - | - | - | - |
Proceeds from sales of other assets | |||||||||
- | - | - | - | - | - | - | - | 1,300 | 215 |
Purchase of investment securities held to maturity | |||||||||
4,133 | 8,455 | 9,759 | 16,357 | 6,590 | 16,712 | 16,989 | 23,281 | 1,582 | 21,170 |
Purchase of bank owned life insurance | |||||||||
- | 4,357 | - | 0 | - | - | - | 62 | 1,222 | 1,439 |
Proceeds from surrender of bank owned life insurance | |||||||||
- | - | - | - | - | - | - | 3,654 | 455 | 568 |
Proceeds from bank owned life insurance claims | |||||||||
- | - | - | - | - | - | - | 3,026 | 0 | 0 |
Proceeds from Bank Owned Life Insurance claims | |||||||||
- | 309 | - | 0 | - | - | - | - | - | - |
Purchase of investment securities available for sale | |||||||||
39,565 | 187,972 | 351,644 | 259,676 | 231,324 | 172,459 | 383,516 | 204,847 | 206,108 | 353,471 |
Purchase of bank premises and equipment | |||||||||
915 | 1,861 | 1,355 | 1,285 | 2,075 | 2,132 | 500 | 968 | 318 | 1,819 |
Net cash provided by investing activities | |||||||||
- | - | - | - | -75,571 | 12,531 | -2,455 | -3,393 | - | - |
Net cash used for (provided by) investing activities | |||||||||
20 | 3,958 | -46,708 | -41,564 | - | - | - | - | 105,031 | 144,799 |
Cash Flows from Financing Activities | |||||||||
Net decrease in deposits | |||||||||
-15,254 | -1,553 | 34,324 | 53,582 | 42,093 | 20,888 | 26,520 | -9,583 | 102 | -104,287 |
Proceeds from Federal Home Loan Bank borrowings | |||||||||
40,000 | - | - | - | - | - | - | - | - | - |
Repayment of long term debt | |||||||||
- | - | - | - | - | 135 | 0 | 0 | - | - |
Proceeds from issuance of long term debt | |||||||||
- | - | - | - | - | - | - | - | 135 | 0 |
Repayment of Federal Home Loan Bank borrowings | |||||||||
30,000 | - | - | - | 12,000 | 95,000 | 0 | 6,500 | 115,000 | 33,000 |
Repayment of repurchase agreements | |||||||||
- | - | -15,000 | 0 | 0 | - | - | - | - | - |
Repayment of repurchase agreements | |||||||||
- | - | - | - | - | - | -5,000 | - | 0 | - |
Repayment of repurchase agreements | |||||||||
- | - | - | - | - | - | - | -10,000 | - | 0 |
Repayment of repurchase agreements | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Issuance of common stock | |||||||||
375 | 354 | 221 | 106 | 8,115 | 12,083 | 243 | 54 | 1,273 | 147 |
Stock redeemed for tax withholding - stock based compensation | |||||||||
321 | 318 | 343 | 76 | 0 | - | - | - | - | - |
Repurchase of common stock | |||||||||
- | - | 1,414 | 0 | 0 | - | - | - | - | - |
Dividends paid | |||||||||
21,351 | 21,015 | 14,636 | 0 | 0 | - | - | - | - | - |
Net cash used for financing activities | |||||||||
- | - | - | - | 38,208 | -62,164 | 21,763 | -26,029 | - | - |
Net Increase (Decrease) in Cash and Cash Equivalents | |||||||||
- | - | - | - | -25,676 | - | - | - | - | - |
Dividends paid | |||||||||
- | - | - | - | - | - | - | - | 0 | 1,777 |
Net cash used for financing activities | |||||||||
-26,551 | -22,532 | 3,152 | 53,612 | - | - | - | - | -113,490 | -138,917 |
Net Increase (Decrease) in Cash and Cash Equivalents | |||||||||
-1,168 | 238 | -26,778 | 27,428 | - | -34,709 | 36,512 | -10,305 | 16,554 | 18,960 |
Supplemental Cash Flow Information | |||||||||
Cash paid for interest | |||||||||
2,251 | 1,733 | 2,288 | 3,095 | - | - | - | - | - | - |
Cash paid for interest | |||||||||
- | - | - | - | 3,880 | 6,211 | 10,010 | 14,838 | 20,135 | 30,829 |
Cash paid for federal income taxes | |||||||||
1,419 | 3,329 | 3,275 | 1,894 | 69 | - | 69 | 0 | -7,385 | 240 |
Supplemental Schedule of Non Cash Investing Activities | |||||||||
Transfer of loans to other real estate owned | |||||||||
748 | 1,029 | 870 | 979 | 2,977 | 5,058 | - | - | - | - |
Transfer of loans to other real estate owned | |||||||||
- | - | - | - | - | - | 10,702 | 11,001 | 12,185 | 18,296 |
Transfer of loans to other assets | |||||||||
- | 40 | 49 | 54 | 54 | 127 | 145 | 94 | 446 | 264 |