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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 57,002 $ 41,193 $ 21,695
Adjustments to reconcile net income to net cash from operating activities:      
PROVISION FOR LOAN AND LEASE LOSSES 20,708 18,795 12,653
Impairment loss on assets held for sale 569 627 951
Depreciation and amortization of premises and equipment 6,389 5,579 5,193
Net amortization of securities 2,468 3,192 4,670
Net change in fair value of equity securities, net (1,416)    
Net gains on sales of securities available-for-sale (1,151) (164) (8)
Losses on disposal of premises and equipment 26 151 110
Net losses (gains) on sales of assets held for sale (82) (1,103) 217
Net gains on sales of loans (31,845) (31,551) (33,062)
Originations of mortgage loans held for sale     (4)
Net proceeds from mortgage loans sold     155
Originations of U.S. government guaranteed loans (330,585) (336,212) (293,615)
Proceeds from U.S. government guaranteed loans sold 340,287 384,681 309,164
Accretion of premiums and discounts on acquired loans, net (23,190) (20,599) (8,677)
Net change in servicing assets 222 1,707 (309)
Net valuation adjustments on other real estate owned 511 636 883
Net gains on sales of other real estate owned (428) (383) (2,147)
Other intangible assets amortization expense 7,737 5,629 3,074
Amortization of time deposit premium (175) (404) (778)
Amortization of Federal Home Loan Bank advances premium   (19) (209)
Accretion of junior subordinated debentures discount 566 624 721
Share-based compensation expense 1,673 1,514 1,497
Deferred tax provision (benefit), net of valuation (882) 15,442 16,604
Increase in cash surrender value of bank owned life insurance (304) (243) (247)
Net gain on death benefit of bank owned life insurance (69)   (313)
Changes in assets and liabilities:      
Accrued interest receivable (3,097) (160) (799)
Other assets (10,292) (5,344) (350)
Accrued interest payable 130 1,608 (1,121)
Accrued expenses and other liabilities (5,458) (5,261) (9,095)
Net cash provided by operating activities 29,314 79,935 26,853
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of securities available-for-sale (549,871) (206,046) (53,480)
Proceeds from maturities and calls of securities available-for-sale 123,617 29,593 7,917
Proceeds from paydowns of securities available-for-sale 104,139 60,557 69,320
Proceeds from sales and calls of securities available-for-sale 92,103 544 8
Proceeds from maturities and calls of securities held-to-maturity     655
Proceeds from paydowns of securities held-to-maturity   16,892 19,747
Purchases of Federal Home Loan Bank stock (38,610) (36,633) (19,485)
Federal Home Loan Bank stock repurchases 36,099 35,134 18,135
Proceeds from other loans sold 709   9,984
Net change in loans and leases (23,154) (300,142) (132,568)
Purchases of premises and equipment (4,267) (2,578) (2,538)
Proceeds from sales of premises and equipment 4 1,440  
Proceeds from sales of assets held for sale 1,373 4,415 5,373
Proceeds from sales of other real estate owned 2,990 7,051 13,898
Proceeds from bank owned life insurance death benefit     1,399
Net cash received in acquisition of business 4,306 20,374  
Net cash used in investing activities (250,562) (369,399) (61,635)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in deposits 107,665 284,723 (46,287)
Proceeds from Federal Home Loan Bank advances 8,510,000 5,932,000 3,037,000
Repayments of Federal Home Loan Bank advances (8,450,300) (5,868,487) (2,989,000)
Proceeds from line of credit 5,680    
Repayments of line of credit (11,335)   (20,650)
Net increase in securities sold under agreements to repurchase 15,472 2,979 13,938
Dividends paid on preferred stock (783) (783) (11,277)
Cash paid in lieu of fractional shares     (2)
Proceeds from issuance of common stock, upon exercise of stock options 3,146 2,340  
Proceeds from issuance of common stock 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 46,533
CASH AND CASH EQUIVALENTS, end of period 80,737 121,860 58,349
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Cash paid during the period for interest 48,008 25,967 15,279
Cash payments during the period for taxes 19,380 3,513 2,849
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Transfer of held-to-maturity securities to available-for-sale securities 94,837    
Reclassification to other equity securities 6,609    
Delayed payments of mortgage-backed securities 507 398 311
Internally financed sale of other real estate owned 183 444  
Internally financed sale of assets held for sale     1,800
Due to broker     9,838
Due from counterparties 43,145 5,338 $ 39,824
Due from broker for payment of life insurance death benefit 69    
Common dividend declared, not paid 1,148    
Total assets acquired from acquisition 321,199 1,142,125  
Value ascribed to goodwill 20,176 73,615  
Total liabilities assumed from acquisition 305,892 1,036,609  
Common stock and stock options issued due to acquisition of business $ 29,320 $ 152,127