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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 $ 22,620 $ 32,937 $ 25,993
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 2,317 2,780 2,788
Net amortization of securities 3,341 3,945 5,214
Deferred tax benefit 1,101 (443) 6,886
Change in unamortized net loan costs and premiums (555) (600) (933)
Premises and equipment depreciation 4,136 3,704 3,553
Stock-based compensation expense 1,373 1,346 1,274
Accretion of purchase accounting entries, net (3,806) (3,512) (3,337)
Amortization of other intangibles 861 828 812
Income from cash surrender value of bank-owned life insurance policies (2,053) (1,821) (1,539)
(Gain) loss on sales of securities, net (237) 924 (19)
Loss on other real estate owned 166 0 0
Loss on premises and equipment, net 18 0 94
Net change in other assets and liabilities 7,121 (2,366) (432)
Net cash provided by operating activities 36,403 37,722 40,354
Cash flows from investing activities:      
Proceeds from sales of securities available for sale 92,315 29,107 1,599
Proceeds from maturities, calls and prepayments of securities available for sale 115,334 95,629 121,583
Purchases of securities available for sale (129,189) (146,763) (172,116)
Net change in loans (150,831) (5,158) (145,449)
Purchase of Federal Home Loan Bank stock (11,687) (2,676) (11,986)
Proceeds from sale of Federal Home Loan Bank stock 26,667 5,122 10,661
Purchase of premises and equipment, net (9,185) (4,793) (3,157)
Purchase of bank-owned life insurance 0 (14,000) 0
Acquisitions, net of cash acquired (18,383) 0  
Acquisitions, net of cash acquired     39,537
Net investment in tax credit limited partnerships (22) (585) 0
Proceeds from sale of other real estate owned 0 153 322
Net cash used in investing activities (84,981) (43,964) (159,006)
Cash flows from financing activities:      
Net increase in deposits 212,693 131,981 151,900
Net change in short-term FHLB borrowings (308,380) 37,000 (68,368)
Proceeds from advances from the Federal Home Loan Bank 328,097 42,700 221,168
Repayments of advances from the Federal Home Loan Bank (237,719) (180,982) (92,539)
Net change in short-term other borrowings 8,621 (4,495) (222)
Proceeds from subordinated debt issuance 40,000 0 0
Repayments of subordinated debt (22,000) 0 0
Payment of subordinated debt issuance costs (700) 0 0
Exercise of stock options (273)    
Exercise of stock options   615 746
Purchase of treasury stock (239) (324) (282)
Cash dividends paid on common stock (13,366) (12,184) (11,505)
Net cash provided by financing activities 6,734 14,311 200,898
Net change in cash and cash equivalents (41,844) 8,069 82,246
Cash and cash equivalents at beginning of year 98,754 90,685 8,439
Cash and cash equivalents at end of year 56,910 98,754 90,685
Supplemental cash flow information:      
Interest paid 45,755 36,511 21,399
Income taxes paid, net 2,371 9,891 9,084
Acquisition of non-cash assets and liabilities:      
Assets acquired 243,676 0 1,454,076
Liabilities assumed 261,814 0 1,406,672
Other non-cash changes:      
Real estate owned acquired in settlement of loans 250 $ 2,380 $ 32
Initial recognition of operating lease right-of-use assets 8,991    
Initial recognition of operating lease liabilities $ 8,991