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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 4,211 $ 4,406
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 795 465
Net amortization of securities 1,235 586
Deferred tax benefit (237) 0
Change in unamortized net loan costs and premiums (29) 0
Premises and equipment depreciation and amortization expense 838 403
Stock-based compensation expense 71 230
Accretion of purchase accounting entries, net (606) 0
Amortization of other intangibles 157 23
Income from cash surrender value of bank-owned life insurance policies (399) (225)
Gain on sales of securities, net 0 (1,436)
Loss on premises and equipment, net 95 0
Net change in other (5,129) (1,256)
Net cash provided by operating activities 1,002 3,196
Cash flows from investing activities:    
Proceeds from sales of securities available for sale 0 21,513
Proceeds from maturities, calls and prepayments of securities available for sale 30,208 20,626
Purchases of securities available for sale (81,574) (63,311)
Net change in loans (16,388) (14,480)
Purchase of loans (18,621) (2,102)
Purchase of Federal Home Loan Bank stock (5,624) (1,572)
Purchase of premises and equipment, net (1,652) (1,865)
Acquisitions, net of cash (paid) acquired 39,537 0
Proceeds from sale of other real estate 81 0
Net cash used in investing activities (54,033) (41,191)
Cash flows from financing activities:    
Net decrease in deposits (26,495) 19,788
Net change in short-term advances from the Federal Home Loan Bank 141,555 24,196
Repayments of long term advances from the Federal Home Loan Bank (18,513) 0
Net change in securities sold repurchase agreements (7,372) (6,734)
Exercise of stock options 313 153
Purchase of treasury stock 0 (190)
Common stock cash dividends paid (2,870) (1,593)
Net cash provided by financing activities 86,618 35,620
Net change in cash and cash equivalents 33,587 (2,375)
Cash and cash equivalents at beginning of year 8,439 9,720
Cash and cash equivalents at end of year 42,026 7,345
Supplemental cash flow information:    
Interest paid 4,795 2,792
Income taxes paid, net 296 1,419
Acquisition of non-cash assets and liabilities:    
Assets acquired 1,454,076 0
Liabilities assumed 1,406,672 0
Other non-cash changes:    
Real estate owned acquired in settlement of loans $ 32 $ 0