v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities:    
Net income $ 8,976 $ 6,113
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,688 69
Stock–based compensation expense 1,165 442
Depreciation and amortization 664 553
Deferred tax expense 390 726
Amortization of core deposit intangible 325 55
Amortization of mortgage servicing rights – net (234) 104
Amortization of discounts (premiums) on purchased loans – net 654 (77)
Gain on sale of loans (545) (300)
Gain on sale of REO   (104)
Increase in other assets (1,868) (1,498)
Increase (decrease) in accounts payable and other liabilities 169 (584)
Net cash provided by operating activities 11,384 5,499
Cash Flows from Investing Activities:    
Net increase in loans (298,019) (286,518)
Proceeds from sale of loans 52,376 20,985
Proceeds from sale of REO 755 438
Purchase of premises and equipment (799) (693)
Purchases of AFS securities (20,000) (1,654)
Maturities of AFS securities 18,880 16,544
Sale (purchases) of FHLB stock, net (3,566) 16,424
Net cash used in investing activities (250,373) (234,474)
Cash Flows from Financing Activities:    
Increase in deposits 192,665 353,582
FHLB Advances – net increase (decrease) 111,000 (668,000)
Line of credit net change – borrowings (paydowns), net (20,000) 20,000
Proceeds from sale of stock, net 12,286 1,419
Net cash provided by (used in) financing activities 295,951 (292,999)
Increase (decrease) in cash and cash equivalents 56,962 (521,974)
Cash and cash equivalents at beginning of year 120,394 597,946
Cash and cash equivalents at end of period 177,356 75,972
Supplemental disclosures of cash flow information:    
Interest 8,534 3,827
Income taxes 18 255
Noncash transactions:    
Transfer of loans to (from) loans held for sale 46,338 (44,521)
Mortgage servicing rights created from loan sales 317 113
Chargeoffs (recoveries) against allowance for loans losses 88 $ (231)
C1B acquisition reconciliation – goodwill/deferred taxes $ 300