XML 98 R149.htm IDEA: XBRL DOCUMENT v3.20.1
Parent Company Only Condensed Financial Statements - Statements of Financial Cash Flow (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
May 31, 2019
Jul. 31, 2017
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES                          
Net income     $ 15,852 $ 15,342 $ 13,211 $ 12,597 $ 17,121 $ 14,536 $ 2,768 $ 6,768 $ 57,002 $ 41,193 $ 21,695
Adjustments to reconcile net income to net cash from operating activities:                          
Share-based compensation expense                     1,673 1,514 1,497
Accretion of junior subordinated debentures discount                     566 624 721
Net cash provided by operating activities                     29,314 79,935 26,853
CASH FLOWS FROM INVESTING ACTIVITIES                          
Net cash used in investing activities                     (250,562) (369,399) (61,635)
CASH FLOWS FROM FINANCING ACTIVITIES                          
Proceeds from revolving line of credit                     5,680    
Repayments of revolving line of credit $ (5,700) $ (16,200)                 (11,335)   (20,650)
Dividends paid on preferred stock                     (783) (783) (11,277)
Cash paid in lieu of fractional shares                         (2)
Proceeds from issuance of common stock, net                     580 203 76,829
Proceeds from issuance of preferred stock                         1,050
Repurchase of preferred stock                         (15,003)
Net cash provided by financing activities                     180,125 352,975 46,598
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                     (41,123) 63,511 11,816
CASH AND CASH EQUIVALENTS, beginning of period           121,860       58,349 121,860 58,349 46,533
CASH AND CASH EQUIVALENTS, end of period     80,737       121,860       80,737 121,860 58,349
Company                          
CASH FLOWS FROM OPERATING ACTIVITIES                          
Net income                     57,002 41,193 21,695
Adjustments to reconcile net income to net cash from operating activities:                          
Equity in undistributed income of subsidiary                     (46,931) (42,674) (22,306)
Share-based compensation expense                     1,673 1,514 1,497
Accretion of junior subordinated debentures discount                     566 624 721
Changes in other assets and other liabilities                     (7,916) (3,291) (2,893)
Net cash provided by operating activities                     4,394 (2,634) (1,286)
CASH FLOWS FROM INVESTING ACTIVITIES                          
Net cash paid in acquisition of business                     (6,554) (20,510)  
Net cash used in investing activities                     (6,554) (20,510)  
CASH FLOWS FROM FINANCING ACTIVITIES                          
Proceeds from revolving line of credit                     5,680    
Repayments of revolving line of credit                     (11,335)   (20,650)
Dividends paid on preferred stock                     (783) (783) (11,277)
Cash paid in lieu of fractional shares                         (2)
Proceeds from issuance of common stock, net                     3,726 2,543 76,829
Proceeds from issuance of preferred stock                         1,050
Repurchase of preferred stock                         (15,003)
Net cash provided by financing activities                     (2,712) 1,760 30,947
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                     (4,872) (21,384) 29,661
CASH AND CASH EQUIVALENTS, beginning of period           $ 18,242       $ 39,626 18,242 39,626 9,965
CASH AND CASH EQUIVALENTS, end of period     $ 13,370       $ 18,242       $ 13,370 $ 18,242 $ 39,626