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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 income $ 32,937 $ 25,993 $ 14,933
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 2,780 2,788 979
Net amortization of securities 3,945 5,214 3,415
Deferred tax benefit (443) 6,886 470
Change in unamortized net loan costs and premiums (600) (933) (557)
Premises and equipment depreciation 3,704 3,553 1,551
Stock-based compensation expense 1,346 1,274 1,278
Accretion of purchase accounting entries, net (3,512) (3,337) 0
Amortization of other intangibles 828 812 92
Income from cash surrender value of bank-owned life insurance policies (1,821) (1,539) (703)
Loss (gain) on sales of securities, net 924 (19) (4,498)
Loss on premises and equipment, net 0 94 0
Net change in other assets and liabilities (2,366) (654) (169)
Net cash provided by operating activities 37,722 40,132 16,791
Cash flows from investing activities:      
Proceeds from sales of securities available for sale 29,107 1,599 66,583
Proceeds from maturities, calls and prepayments of securities available for sale 95,629 121,583 109,377
Purchases of securities available for sale (146,763) (172,116) (210,824)
Net change in loans 116,756 (126,828) (10,042)
Purchase of loans (121,914) (18,621) (128,951)
Purchase of Federal Home Loan Bank stock (2,676) (1,325) (3,852)
Proceeds from Sale of Federal Home Loan Bank Stock 5,122 0 0
Purchase of premises and equipment, net (4,793) (3,157) (4,296)
Purchase of bank-owned life insurance (14,000) 0 0
Acquisitions, net of cash acquired 0 39,537 0
Net investment in tax credit limited partnerships (585) 0 0
Proceeds from sale of other real estate owned 153 322 119
Net cash used in investing activities (43,964) (159,006) (181,886)
Cash flows from financing activities:      
Net increase in deposits 131,981 151,900 107,513
Net change in short-term advances from the Federal Home Loan Bank 3,246 213,593 59,700
Net change in long-term advances from the Federal Home Loan Bank (104,528) (153,332) 1,234
Net change in short-term other borrowings (4,495) (222) 871
Exercise of stock options 615 968 1,570
Purchase of treasury stock (324) (282) (497)
Cash dividends paid on common stock (12,184) (11,505) (6,577)
Net cash provided by financing activities 14,311 201,120 163,814
Net change in cash and cash equivalents 8,069 82,246 (1,281)
Cash and cash equivalents at beginning of year 90,685 8,439 9,720
Cash and cash equivalents at end of year 98,754 90,685 8,439
Supplemental cash flow information:      
Interest paid 36,511 21,399 11,944
Income taxes paid, net 9,891 9,084 6,286
Acquisition of non-cash assets and liabilities:      
Assets acquired 0 1,454,076 0
Liabilities assumed 0 1,406,672 0
Other non-cash changes:      
Real estate owned acquired in settlement of loans $ 2,380 $ 32 $ 0