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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 10,767 $ 8,717
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,531 615
Net amortization of securities 2,760 1,273
Deferred tax benefit (237) 0
Change in unamortized net loan costs and premiums (148) 0
Premises and equipment depreciation and amortization expense 1,827 788
Stock-based compensation expense 556 845
Accretion of purchase accounting entries, net (1,594) 0
Amortization of other intangibles 345 2
Income from cash surrender value of bank-owned life insurance policies (785) (343)
Gain on sales of securities, net 0 (3,135)
Loss on premises and equipment, net 95 0
Net change in other (4,873) (2,058)
Net cash provided by operating activities 10,244 6,704
Cash flows from investing activities:    
Proceeds from sales of securities available for sale 0 44,656
Proceeds from maturities, calls and prepayments of securities available for sale 61,299 48,472
Purchases of securities available for sale (104,833) (110,269)
Net change in loans (20,056) (9,319)
Purchase of loans (18,621) (49,796)
Purchase of Federal Home Loan Bank stock (7,388) (5,234)
Purchase of premises and equipment, net (2,413) (3,065)
Acquisitions, net of cash (paid) acquired 39,537 0
Proceeds from sale of other real estate 322 0
Net cash used in investing activities (52,153) (84,555)
Cash flows from financing activities:    
Net decrease in deposits 12,419 47,029
Net change in short-term advances from the Federal Home Loan Bank 228,833 63,750
Repayments of long term advances from the Federal Home Loan Bank (77,554) (7,008)
Net change in securities sold repurchase agreements (5,754) (6,431)
Exercise of stock options 263 355
Purchase of treasury stock 0 (481)
Common stock cash dividends paid (5,744) (3,219)
Net cash provided by financing activities 152,463 93,995
Net change in cash and cash equivalents 110,554 16,144
Cash and cash equivalents at beginning of year 8,439 9,720
Cash and cash equivalents at end of year 118,993 25,864
Supplemental cash flow information:    
Interest paid 10,716 5,766
Income taxes paid, net 3,084 3,926
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