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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net income $ 11,552 $ 7,147
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization of leasehold improvement 1,816 1,887
Change in fair value of mortgage servicing rights 1,201 761
Loan loss reserve release 4,400 2,000
Provision for deferred tax expense 6,485 4,063
Originations of loans held-for-sale (153,990) (85,172)
Proceeds from sales of loans held-for-sale 158,621 87,569
Net gain on sales of mortgage loans (4,677) (2,614)
Change in current income taxes receivable (payable) 11 (79)
Increase in cash surrender value of bank-owned life insurance (840) (1,028)
Change in accrued interest receivable and other assets (2,161) (3,633)
Change in accrued interest payable and other liabilities (3,386) (22,108)
Net premium amortization/discount (accretion) on securities 226 (1,408)
Securities losses (gain), net 178 (1,457)
Amortization of core deposit   1,177
Stock based compensation 466 189
Net gain on sale of other real estate owned (769) (610)
Provision for other real estate owned losses 3,825 2,781
Net gain on disposal of fixed assets 4  
Loss on transfer of premises to other real estate owned 1,139 121
Net cash provided by (used in) operating activities 15,301 (14,414)
Cash flows from investing activities    
Proceeds from maturities and calls including pay down of securities available-for-sale 33,035 15,430
Proceeds from sales of securities available-for-sale 70,176 264,502
Purchases of securities available-for-sale (131,956) (268,639)
Proceeds from maturities and calls including pay down of securities held-to-maturity 10,689 5,934
Purchases of securities held-to-maturity   (11,212)
Proceeds from sales of Federal Home Loan Bank stock 787 1,234
Net change in loans 18,403 (53,037)
Improvements in other real estate owned   (637)
Proceeds from sales of other real estate owned 12,336 12,746
Proceeds from disposition of premises and equiment   1
Net purchases of premises and equipment (793) (721)
Net cash (used in) provided by investing activities 12,677 (34,399)
Cash flows from financing activities    
Net change in deposits 35,424 (25,373)
Net change in securities sold under repurchase agreements 6,038 6,878
Net change in other short-term borrowings (10,000) 35,000
Redemption of preferred stock (47,331) (24,321)
Proceeds from issuance of common stock   64,395
Dividends paid on preferred stock (2,417) (11,323)
Purchase of treasury stock (117) (46)
Net cash (used in) provided by financing activities (18,403) 45,210
Net change in cash and cash equivalents 9,575 (3,603)
Cash and cash equivalents at beginning of period 44,197 47,660
Cash and cash equivalents at end of period 53,772 44,057
Supplemental cash flow information    
Income taxes paid 250  
Interest paid for deposits 2,964 4,412
Interest paid for borrowings 3,848 21,425
Non-cash transfer of loans to other real estate owned 7,393 11,460
Non-cash transfer of premises to other real estate owned 468 2,160
Change in dividends accrued $ (544) (9,123)
Accretion on preferred stock discount   $ 58