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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 8,868 $ 6,202
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 495 492
Depreciation and amortization of property, plant, and equipment 806 874
Amortization of premiums on investments, net 112 83
Amortization of FDIC indemnification asset, net 382 1,332
Amortization of intangible assets 261 261
Accretion on acquired loans (1,845) (1,134)
Equity-based compensation expense 531 337
Issuance of treasury stock to 401(k) plan 140 142
Loss on sale of premises and equipment, net 7 3
Loss on sale of other real estate owned 103 233
Decrease in accrued interest receivable 623 494
Decrease in other operating activities 350 1,369
Net cash provided by operating activities 10,833 10,688
Investing activities    
Proceeds from maturities, prepayments, and calls of securities available for sale 2,552 7,503
Payments to acquire securities available for sale (23,387)
Proceeds from loans, net 22,862 17,945
Proceeds from bank owned life insurance 171
Proceeds from FHLB stock, net 3 57
Proceeds from the FDIC 111 818
Proceeds from premises and equipment 475 39
Payments to acquire premises and equipment (121) (888)
Proceeds from sale of other real estate owned 508 806
Net cash provided by investing activities 3,174 26,280
Financing activities    
Increase in noninterest-bearing deposits, net 6,335 39,972
Increase in interest-bearing deposits, net 44,393 25,284
Repayments of securities sold under agreements to repurchase, net (971) (7,352)
Repayments of FHLB and other borrowings, net (15,464)
Proceeds from stock options exercised 22 19
Payments for repurchase of treasury stock (5,413) (164)
Payments of common dividends (11,184) (2,719)
Net cash provided by financing activities 33,182 39,576
Net increase in cash and cash equivalents 47,189 76,544
Cash and cash equivalents at beginning of period 157,951 [1] 76,307
Cash and cash equivalents at end of period 205,140 152,851
Supplemental disclosure -- cash flow information    
Cash paid for interest 1,983 2,200
Cash paid for income taxes
Supplemental transactions -- noncash items    
Transfer of loans to other real estate owned 2,787 372
(Increase) decrease in accumulated other comprehensive loss (1,641) 530
Security settlements in process $ 20,000
[1] Derived from audited financial statements