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59
SIERRA BANCORP AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Continued)
Years Ended December 31, 2015, 2014 and 2013
(dollars in thousands)
Supplemental disclosure of cash flow information:
Cash paid during the year for:
Interest
1,957
$
2,845
$
3,340
$
Income taxes
6,390
$
1,800
$
-
$
Non-cash investing activities
Real estate acquired through foreclosure
1,004
$
842
$
4,990
$
Change in unrealized net (losses) gains on
Securities available-for-sale
(2,890)
$
6,590
$
(5,594)
$
Assets acquired (liabilities assumed) in bank acquisition:
Cash and cash equivalents
-
$
15,852
$
-
$
Securities
-
$
44,187
$
-
$
Federal Home Loan Bank stock
-
$
860
$
-
$
Loans
-
$
61,573
$
-
$
Premises and equipment
-
$
1,188
$
-
$
Core deposit intangibles
-
$
1,075
$
-
$
Goodwill
-
$
1,364
$
-
$
Other assets
-
$
5,719
$
-
$
Deposits
-
$
(108,272)
$
-
$
Federal Home Loan Bank advances
-
$
(8,000)
$
-
$
Other liabilities
-
$
(208)
$
-
$
The accompanying notes are an integral part of these consolidated financial statements.