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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income $ 9,631 $ 8,868
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 1,220 495
Depreciation and amortization of premises and equipment 736 806
Amortization of premiums on investments, net 16 112
Amortization of FDIC indemnification asset, net 552 382
Amortization of intangible assets 246 261
Accretion on acquired loans (765) (1,845)
Equity-based compensation expense 857 531
Issuance of common stock to 401(k) plan 140 140
(Gain) loss on sale of premises and equipment, net (20) 7
Loss on sale of other real estate owned 364 103
Decrease in accrued interest receivable 254 623
(Increase) decrease in other operating activities 862 350
Net cash provided by operating activities 14,093 10,833
Investing activities    
Proceeds from maturities, prepayments, and calls of securities available for sale 11,735 2,552
Proceeds from maturities and calls of securities held to maturity 25,000
Payments to acquire securities available for sale (23,387)
Proceeds from repayment of loans, net 35,316 22,862
Proceeds from bank owned life insurance 171
(Redemption of) proceeds from FHLB stock, net (129) 3
(Payments to) proceeds from the FDIC (23) 111
Proceeds from sale of premises and equipment 40 475
Payments to acquire premises and equipment (1,625) (121)
Proceeds from sale of other real estate owned 1,328 508
Net cash provided by investing activities 71,642 3,174
Financing activities    
Increase in noninterest-bearing deposits, net 19,749 6,335
Increase in interest-bearing deposits, net 2,938 44,393
(Repayments of) securities sold under agreements to repurchase, net (25,670) (971)
Proceeds from stock options exercised 24 22
Payments for repurchase of common stock (7,782) (5,413)
Payments of common dividends (3,321) (11,184)
Net cash (used in) provided by financing activities (14,062) 33,182
Net increase in cash and cash equivalents 71,673 47,189
Cash and cash equivalents at beginning of period 76,873 [1] 157,951
Cash and cash equivalents at end of period 148,546 205,140
Supplemental disclosure -- cash flow information    
Cash paid for interest 1,515 1,983
Cash paid for income taxes 2,678
Transfer of loans to other real estate owned 1,908 2,787
Loans originated to finance other real estate owned 488
Decrease (increase) in accumulated other comprehensive loss 696 (1,641)
Security settlements in process $ 10,000 $ 20,000
[1] Derived from audited financial statements