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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net earnings $ 20,596 $ 14,439 $ 12,121
Adjustments to reconcile net earnings to net cash provided from operating activities:      
Depreciation 3,400 3,162 3,183
Amortization of core deposit intangible and software 1,228 1,033 980
Deferred taxes 68 2,428 (1,330)
Securities premium amortization, net of discount accretion 4,210 4,576 4,974
Net realized loss (gain) on securities transactions 50 (167) (82)
Gain on sale of loans (2,308) (1,981) (1,718)
Gain on sale of branch operations (830) 0 0
Provision for loan losses 2,250 2,850 3,640
Origination of loans held for sale (70,841) (64,817) (62,620)
Proceeds from loans held for sale 73,250 67,465 65,642
Write-down of other real estate and repossessed assets 407 12 122
Net (gain) loss on sale of premises, equipment, other real estate owned and other assets (133) (906) 108
Stock based compensation 592 355 211
Net change in accrued interest receivable and other assets (5,955) (15) (3,786)
Net change in accrued interest payable and other liabilities 2,230 1,235 964
Net cash provided by operating activities 28,214 29,669 22,409
Securities available for sale:      
Purchases (429,762) (517,155) (250,485)
Proceeds from sales 411,796 213,813 103,942
Proceeds from maturities and principal repayments 27,093 225,516 259,719
Securities held to maturity:      
Purchases 0 0 (86,642)
Proceeds from sales 0 3,298 1,866
Proceeds from maturities and principal repayments 9,331 9,516 18,336
Cash paid in connection with acquisitions (6,423) 0 0
Net purchases of premises and equipment (2,833) (2,320) (1,599)
Net proceeds from sale of premises, equipment, other real estate owned and other assets 3,668 2,279 2,609
Net increase in loans (146,531) (118,754) (184,126)
Net cash used in investing activities (108,734) (183,807) (133,981)
Cash flows from financing activities      
Net change in deposits 13,739 99,529 105,966
Net change in securities sold under agreements to repurchase (651) 2,020 (2,104)
Proceeds from FHLB advances 391,000 60,000 120,178
Repayment of FHLB advances (331,517) (70,017) (86,350)
Proceeds from other debt 0 2,000 19,000
Repayment of other debt 0 (20,286) (18,714)
Repayments of debentures (1,000) (5,500) (2,000)
Purchase of treasury stock (4,265) 0 (12,218)
Sale of treasury stock 0 0 8,557
Exercise of stock options 327 84 36
Sale of common stock 0 55,755 0
Cash dividends (7,031) (5,562) (4,615)
Net cash provided by financing activities 60,602 118,023 127,736
Net change in cash and cash equivalents (19,918) (36,115) 16,164
Cash and cash equivalents at beginning of year 91,428 127,543 111,379
Cash and cash equivalents at end of year 71,510 91,428 127,543
Supplemental disclosures of cash flow information      
Interest paid 18,813 12,119 10,966
Income taxes paid 5,218 6,660 5,810
Supplemental schedule of noncash investing and financing activities      
Transfer loans to other real estate owned and repossessed assets 1,304 1,775 6,241
Common stock issued in acquisitions 29,568 0 0
Transfer of KSOP shares 0 0 (8,261)
Terminated KSOP put option 0 (34,300) 0
Net change in fair value of KSOP shares 0 2,639 1,538
Acquired banks      
Securities held to maturity:      
Cash received from acquired banks and Denton branch 24,927 0 0
Denton branch      
Securities held to maturity:      
Cash received from acquired banks and Denton branch $ 0 $ 0 $ 2,399