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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 22,711 $ 20,557 $ 8,055
Adjustments to reconcile net income to net cash from operating activities:      
Provision for loan losses 3,350 3,870 3,510
Depreciation and amortization 3,139 3,667 2,751
Net amortization of securities 1,823 2,216 2,275
Security gains (4) (73) (94)
Loss (gain) on land and building sales, net 53 (238) 0
Stock compensation expense 2,361 892 486
Loss on sale of other real estate owned 20 277 286
Earnings on bank owned life insurance (831) (814) (702)
Origination of loans held for sale (56,810) (64,599) (46,201)
Proceeds from loans held for sale 59,959 68,856 46,455
Net gains on sale of loans (3,066) (2,843) (1,101)
Net change in other assets and liabilities (2,139) (7,273) (9,397)
NET CASH FROM OPERATING ACTIVITIES 30,566 24,495 6,323
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from maturities and repayments of securities available for sale 43,104 59,904 63,243
Proceeds from sales of securities available for sale 54,497 11,493 102,257
Purchases of securities available for sale (114,600) (52,628) (72,683)
Purchases of restricted stock (842) (200) 0
Loan originations and payments, net (132,597) (133,248) (139,656)
Proceeds from sale of other real estate owned 643 665 553
Purchase of bank owned life insurance (3,000) 0 (6,000)
Proceeds from land and building sales 439 479 723
Additions to premises and equipment (956) (788) (1,299)
Net cash (paid) received in business combinations 16,203 (1,073) 29,749
NET CASH FROM INVESTING ACTIVITIES (137,109) (115,396) (23,113)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net change in deposits 45,377 115,709 (44,659)
Net change in short-term borrowings 91,105 (27,372) 91,159
Repayments of long-term borrowings (8,091) (7,178) (3,228)
New advances for long term borrowing 0 0 5,000
Cash dividends paid (6,012) (4,326) (2,683)
Repurchase of common shares 0 (168) (213)
NET CASH FROM FINANCING ACTIVITIES 122,379 76,665 45,376
NET CHANGE IN CASH AND CASH EQUIVALENTS 15,836 (14,236) 28,586
Beginning cash and cash equivalents 41,778 56,014 27,428
Ending cash and cash equivalents 57,614 41,778 56,014
Supplemental cash flow information:      
Interest paid 6,754 4,316 4,047
Income taxes paid 8,800 9,410 2,620
Supplemental noncash disclosures:      
Transfer of loans and property to other real estate owned 279 482 888
Issuance of stock for business combinations 6,358 1,138 69,780
Contingent consideration for business combination 85 880 0
Security purchases not settled $ 0 $ 927 $ 1,338