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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net income $ 7,872 $ 9,631
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 3,500 1,220
Depreciation and amortization of premises and equipment 1,090 736
Amortization of premiums on investments, net 1,243 16
Amortization of FDIC indemnification asset, net 486 552
Amortization of intangible assets 361 246
Accretion on acquired loans (1,954) (765)
Equity-based compensation expense 839 857
Issuance of common stock to 401(k) plan 174 140
Gain on sale of premises and equipment, net (1) (20)
Loss on sale of other real estate owned 300 364
Gain on sale of securities (385)
Increase \in accrued interest receivable 560 254
(Increase) decrease in other operating activities (2,712) 862
Net cash provided by operating activities 11,373 14,093
Investing activities    
Proceeds from sale of securities available for sale 51,027
Proceeds from maturities, prepayments, and calls of securities available for sale 10,751 11,735
Proceeds from maturities and calls of securities held to maturity 25,000
Proceeds from repayment of loans, net 19,052 35,316
Purchase of FHLB stock, net (12) (129)
Payments to the FDIC (35) (23)
Proceeds from sale of premises and equipment 5 40
Payments to acquire premises and equipment (1,580) (1,625)
Proceeds from sale of other real estate owned 1,279 1,328
Net cash provided by investing activities 80,487 71,642
Financing activities    
(Decrease) increase in noninterest-bearing deposits, net (7,576) 19,749
(Decrease) increase in interest-bearing deposits, net (33,922) 2,938
Repayments of securities sold under agreements to repurchase, net (253) (25,670)
Proceeds from FHLB and other borrowings, net 960
Proceeds from stock options exercised 24
Payments for repurchase of common stock (21,872) (7,782)
Payments of common dividends (4,593) (3,321)
Net cash used in financing activities (67,256) (14,062)
Net increase in cash and cash equivalents 24,604 71,673
Cash and cash equivalents at beginning of period 217,009 76,873
Cash and cash equivalents at end of period 241,613 148,546
Supplemental disclosure -- cash flow information    
Cash paid for interest 1,514 1,515
Cash paid for income taxes 1,454 2,678
Transfer of loans to other real estate owned 377 1,908
Loans originated to finance other real estate owned 265 488
Decrease in accumulated other comprehensive loss 367 696
Security settlements in process $ 10,000