| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash Flows From Operating Activities | |||||||||
Net Income | |||||||||
10,648 | 7,072 | 8,449 | 8,511 | 7,878 | 7,694 | 7,135 | 6,844 | 5,219 | 5,587 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | |||||||||
Depreciation | |||||||||
1,567 | 1,216 | 1,223 | 1,255 | 1,080 | 976 | 902 | 887 | 692 | 660 |
Provision for loan losses | |||||||||
775 | 450 | 200 | 150 | 550 | 345 | 305 | 660 | 775 | 520 |
Deferred income tax provision | |||||||||
438 | -508 | 993 | 566 | 341 | -37 | 581 | -786 | 595 | -96 |
Net amortization of premiums on investment securities | |||||||||
-490 | -390 | -423 | -384 | -214 | -105 | -49 | -82 | -63 | -25 |
Equity in losses of limited partnerships | |||||||||
745 | 591 | 627 | 565 | - | - | - | - | - | - |
Equity in losses of limited partnerships | |||||||||
- | - | - | - | 484 | 800 | 690 | 660 | 515 | 426 |
Stock based compensation expense | |||||||||
165 | 120 | 104 | 66 | 35 | 20 | 12 | 8 | 9 | 25 |
Net increase in unamortized loan costs | |||||||||
-105 | -143 | -146 | -134 | -160 | -185 | -31 | 38 | 11 | -111 |
Proceeds from sales of loans held for sale | |||||||||
161,162 | 118,557 | 124,514 | 138,443 | 134,578 | 96,989 | 125,430 | 129,867 | 81,939 | 53,399 |
Origination of loans held for sale | |||||||||
162,810 | 111,662 | 122,355 | 137,713 | 126,599 | 101,795 | 115,951 | 132,379 | 79,650 | 49,011 |
Net gains on sales of loans held for sale | |||||||||
2,895 | 1,847 | 2,303 | 2,898 | 2,871 | 2,097 | 2,305 | 3,614 | 1,566 | 736 |
Net gain on disposals of premises and equipment | |||||||||
0 | 168 | -34 | -13 | -7 | -19 | 0 | 14 | -1 | -6 |
Net gains on sales of investment securities available-for-sale | |||||||||
25 | 10 | 17 | 71 | 53 | 315 | -1 | 673 | 183 | 98 |
Net gains on sales of repossessed property | |||||||||
- | - | - | - | - | - | - | - | 4 | 0 |
Write-downs of impaired assets | |||||||||
- | - | - | - | 42 | 23 | 178 | 408 | 278 | 9 |
Net gain on sales of other real estate owned | |||||||||
0 | 11 | 0 | 0 | 29 | 134 | 8 | 138 | 133 | 38 |
Increase in accrued interest receivable | |||||||||
122 | 312 | 241 | 427 | -22 | 191 | 124 | -271 | 53 | -74 |
Amortization of core deposit intangible | |||||||||
171 | 171 | 171 | 171 | 171 | 171 | 171 | 171 | 100 | 0 |
Decrease in other assets | |||||||||
110 | 685 | 1,323 | 1,202 | 1,387 | -1,849 | 1,510 | 346 | 150 | -738 |
Contribution to defined benefit pension plan | |||||||||
0 | 850 | 750 | 750 | 0 | 0 | - | - | 2,000 | 1,250 |
Pension plan termination expense | |||||||||
0 | 4,631 | 0 | 0 | - | - | - | - | - | - |
(Decrease) increase in other liabilities | |||||||||
1,682 | -241 | 265 | 715 | -1,173 | -2,033 | 2,293 | 1,526 | 900 | 1,128 |
Net cash (used in) provided by operating activities | |||||||||
11,776 | 16,761 | 9,868 | 7,644 | 13,130 | 2,204 | 17,818 | 3,472 | 7,358 | 11,257 |
Cash Flows From Investing Activities | |||||||||
Interest bearing deposits in banks | |||||||||
Proceeds from maturities and redemptions | |||||||||
2,984 | 3,784 | 4,882 | 4,244 | 3,579 | 10,423 | 9,696 | 10,735 | 7,985 | 18,543 |
Purchases | |||||||||
249 | 3,732 | 4,730 | 996 | 4,080 | 5,062 | 5,387 | 8,637 | 17,964 | 9,609 |
Investment securities held-to-maturity | |||||||||
Proceeds from maturities, calls and paydowns | |||||||||
0 | 1,000 | 0 | 4,220 | 2,000 | 6,000 | 500 | 4,000 | 2,000 | 1,500 |
Purchases | |||||||||
- | - | - | - | - | 2,000 | 6,214 | 5,496 | 5,500 | 2,000 |
Investment securities available-for-sale | |||||||||
Proceeds from sales | |||||||||
10,335 | 1,060 | 14,409 | 6,620 | 11,540 | 7,420 | 1,020 | 13,632 | 2,326 | 1,097 |
Proceeds from maturities, calls and paydowns | |||||||||
11,485 | 5,593 | 6,926 | 9,754 | 7,020 | 4,307 | 4,739 | 17,444 | 11,134 | 11,745 |
Purchases | |||||||||
33,730 | 16,434 | 21,001 | 29,098 | 27,416 | 21,921 | 21,009 | 8,742 | 31,426 | 12,180 |
Proceeds from sales of other investments | |||||||||
46 | 44 | 0 | 0 | - | - | - | - | - | - |
Purchases of other investments | |||||||||
180 | 79 | 0 | 0 | - | - | 77 | 0 | 54 | 0 |
Purchase of nonmarketable stock | |||||||||
- | - | - | - | 269 | 0 | - | - | - | - |
Redemption of nonmarketable stock | |||||||||
- | - | - | - | 389 | 0 | - | - | - | - |
Net increase in nonmarketable stock | |||||||||
231 | 46 | -23 | 421 | - | - | - | - | - | - |
Net increase in loans | |||||||||
28,185 | 56,003 | 53,568 | 32,947 | 20,713 | 19,369 | 17,641 | 21,626 | 16,055 | 28,895 |
Recoveries of loans charged off | |||||||||
10 | 38 | 168 | 59 | 83 | 42 | 87 | 43 | 44 | - |
Recoveries of loans charged off | |||||||||
- | - | - | - | - | - | - | - | - | -57 |
Purchases of premises and equipment | |||||||||
6,417 | 3,070 | 1,987 | 1,938 | 2,289 | 2,170 | 1,291 | 2,018 | 1,497 | 896 |
Investments in limited partnerships | |||||||||
1,929 | 694 | 465 | 948 | 32 | 354 | 0 | 889 | 1,752 | 179 |
Purchase of Company-owned life insurance | |||||||||
3,000 | 0 | - | - | 5,000 | 0 | 0 | - | 2,000 | 0 |
Proceeds of Company-owned life insurance death benefit | |||||||||
0 | 307 | 0 | 527 | 0 | 0 | - | - | - | - |
Proceeds from sales of other real estate owned | |||||||||
0 | 47 | 0 | 0 | 342 | 536 | 598 | 1,375 | 517 | 422 |
Proceeds from sales of premises and equipment | |||||||||
0 | 204 | 0 | 200 | 0 | 0 | - | 19 | 0 | - |
Proceeds from sales of repossessed property | |||||||||
- | - | - | - | - | - | - | 12 | 4 | 28 |
Cash acquired, net of cash paid, in branch acquisitions | |||||||||
- | - | - | - | - | - | - | - | 29,607 | 0 |
Net cash used in investing activities | |||||||||
-49,061 | -67,981 | -55,343 | -40,724 | -34,846 | -22,148 | -34,979 | -148 | -22,631 | -20,367 |
Cash Flows From Financing Activities | |||||||||
Advances on long-term borrowings | |||||||||
0 | 7,000 | 10,000 | 25,451 | 0 | 0 | 2,000 | 2,000 | 0 | 2,978 |
Repayment of long-term debt | |||||||||
20,287 | 19,765 | 10,279 | 2,898 | 294 | 3,589 | 1,932 | 12,589 | 4,639 | 1,544 |
Net increase in short-term borrowings outstanding | |||||||||
39,630 | 9,005 | 265 | -522 | -5,260 | 5,491 | -2,599 | -2,679 | 1,444 | -3,440 |
Net increase (decrease) in noninterest bearing deposits | |||||||||
3,463 | 5,147 | 15,440 | 12,558 | 9,441 | 3,138 | 3,532 | 7,059 | 8,571 | 4,397 |
Net decrease in interest bearing deposits | |||||||||
14,218 | 26,101 | 36,538 | 71,880 | 7,481 | 33,108 | -3,891 | 34,447 | 25,160 | 6,386 |
Net (decrease) increase in time deposits | |||||||||
19,576 | 27,948 | -2,064 | -47,186 | -8,578 | -2,536 | 8,720 | -4,952 | -743 | -2,950 |
Issuance of common stock | |||||||||
44 | 0 | 19 | 56 | 53 | 39 | 63 | 12 | 26 | 0 |
Purchase of treasury stock | |||||||||
13 | 107 | 60 | 6 | 94 | 45 | 21 | 36 | 0 | 99 |
Dividends paid | |||||||||
5,501 | 5,328 | 5,151 | 4,939 | 4,816 | 4,637 | 4,502 | 4,457 | 4,457 | 4,458 |
Net cash provided by financing activities | |||||||||
51,130 | 50,001 | 44,708 | 54,394 | -2,067 | 30,969 | 1,370 | 18,805 | 25,362 | 1,270 |
Net decrease in cash and cash equivalents | |||||||||
13,845 | -1,219 | -767 | 21,314 | -23,783 | 11,025 | -15,791 | 22,129 | 10,089 | -7,840 |
Supplemental Disclosures of Cash Flow Information | |||||||||
Interest Paid | |||||||||
5,146 | 3,476 | - | - | - | - | - | - | - | - |
Interest paid | |||||||||
- | - | 2,249 | 2,239 | 2,060 | 2,146 | 2,464 | 3,406 | 3,942 | 4,285 |
Income taxes paid | |||||||||
800 | 1,550 | 1,520 | 1,505 | 2,040 | 1,945 | 1,350 | 2,225 | 725 | 1,605 |
Supplemental Schedule of Noncash Investing Activities | |||||||||
Supplemental Schedule of Noncash Investing and Financing Activities | |||||||||
Other real estate acquired in settlement of loans | |||||||||
- | - | 36 | 0 | 59 | 464 | 572 | 1,391 | 1,127 | 1,484 |
Other assets acquired in settlement of loans | |||||||||
- | - | - | - | - | - | - | - | 40 | 26 |
Loans originated to finance the sale of other real estate owned | |||||||||
- | - | - | - | - | 300 | 100 | 335 | 597 | 376 |
Investment in limited partnerships acquired by capital contributions payable | |||||||||
493 | 1,321 | 546 | 27 | 0 | 151 | 0 | - | 893 | 0 |
Right-of-use operating lease assets obtained in exchange for operating lease liabilities | |||||||||
2,002 | 0 | - | - | - | - | - | - | - | - |
Dividends paid on Common Stock: | |||||||||
Dividends declared | |||||||||
5,540 | 5,358 | 5,176 | 4,949 | 4,816 | 4,637 | - | - | - | - |
Dividends reinvested | |||||||||
39 | 30 | 25 | 10 | 0 | 0 | - | - | - | - |
Dividends paid | |||||||||
5,501 | 5,328 | 5,151 | 4,939 | 4,816 | 4,637 | - | - | - | - |
Loans and other non-cash assets, excluding goodwill and core deposit intangible | |||||||||
- | - | - | - | - | - | - | - | 33,624 | 0 |
Deposits and other liabilities | |||||||||
- | - | - | - | - | - | - | - | 67,162 | 0 |