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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 35,760 $ 32,569 $ 22,711
Adjustments to reconcile net income to net cash from operating activities:      
Provision for loan losses 2,450 3,000 3,350
Depreciation and amortization 2,839 2,991 3,139
Net amortization of securities 2,323 2,798 1,823
Available for sale security loss (gains) 11 (283) (4)
Realized and unrealized (gains) losses on equity securities (53) 12 0
Loss on land and building sales, net 26 0 53
Stock compensation expense 1,385 1,675 2,361
Loss (gains) on sale of other real estate owned 45 (16) 20
Earnings on bank owned life insurance (818) (881) (831)
Loss on fixed asset disposal 12 0 0
Origination of loans held for sale (75,568) (79,007) (56,810)
Proceeds from loans held for sale 78,591 80,771 59,959
Net gains on sale of loans (4,386) (2,729) (3,066)
Net change in other assets and liabilities (3,856) (911) (2,139)
NET CASH FROM OPERATING ACTIVITIES 38,761 39,989 30,566
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from maturities and repayments of securities available for sale 35,583 37,012 43,104
Proceeds from sales of securities available for sale 33,424 16,162 54,497
Purchases of securities available for sale (83,049) (69,241) (114,600)
Proceeds from sale of equity securities 1,302 79 0
Purchases of equity securities (1,939) (1,642) 0
Purchases of restricted stock 0 (1,246) (842)
Redemption of restricted stock 8 0 0
Loan originations and payments, net (77,554) (160,204) (132,597)
Proceeds from sale of other real estate owned 236 209 643
Proceeds from BOLI death benefits 49 0 0
Purchase of bank owned life insurance 0 0 (3,000)
Proceeds from land and building sales 252 0 439
Additions to premises and equipment (1,458) (450) (956)
Net cash received in business combinations 0 0 16,203
NET CASH FROM INVESTING ACTIVITIES (93,146) (179,321) (137,109)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net change in deposits 209,244 195,001 45,377
Net change in short-term borrowings (167,709) (44,806) 91,105
Repayments of long-term borrowings (935) (1,010) (8,091)
Proceeds from long term borrowings 40,000 0 0
Cash dividends paid (10,539) (8,316) (6,012)
Repurchase of common shares (2,842) (1,225) 0
NET CASH FROM FINANCING ACTIVITIES 67,219 139,644 122,379
NET CHANGE IN CASH AND CASH EQUIVALENTS 12,834 312 15,836
Beginning cash and cash equivalents 57,926 57,614 41,778
Ending cash and cash equivalents 70,760 57,926 57,614
Supplemental cash flow information:      
Interest paid 19,529 12,906 6,754
Income taxes paid 6,450 7,300 8,800
Supplemental noncash disclosures:      
Transfer of loans and property to other real estate owned 300 22 279
Issuance of stock for business combinations 0 0 6,358
Issuance of stock awards 1,203 2,415 139
Security purchases not settled 812 1,642 0
Contingent consideration for business combination $ 0 $ 180 $ 85