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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:      
Net income $ 18,441 $ 19,771 $ 14,270
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 500 750 540
(Reversal of) provision for losses on off-balance sheet commitments (263) 334 112
Compensation expense--common stock for director fees 274 270 215
Stock-based compensation expense 636 446 403
Excess tax benefits from exercised stock options (187) (118) (96)
Amortization of core deposit intangible 619 771 69
Amortization of investment security premiums, net of accretion of discounts 2,825 2,759 3,004
Accretion of discount on acquired loans (1,883) (3,906) (1,871)
Accretion of discount on subordinated debentures 210 216 19
Net amortization of deferred loan origination costs/fees (281) (463) (793)
Write-down of other real estate owned 40 0 0
(Gain) loss on sale of investment securities (79) (93) 1
Other-than-temporary impairment on securities available-for-sale 0 13 0
Depreciation and amortization 1,968 1,585 1,395
(Gain) loss on sale of repossessed assets 0 0 (43)
Earnings on bank owned life insurance policies (814) (841) (954)
Net change in operating assets and liabilities:      
Interest receivable (734) (143) (694)
Interest payable (26) (40) 28
Deferred rent and other rent-related expenses (4) 160 338
Other assets 1,081 (184) 299
Other liabilities 1,359 (2,430) 4,959
Net cash provided by operating activities 23,682 18,857 21,201
Cash Flows from Investing Activities:      
Purchase of held-to-maturity securities (2,375) 0 0
Purchase of available-for-sale securities (287,144) (18,206) (86,372)
Proceeds from sale of available-for-sale securities 2,099 2,436 7,973
Proceeds from sale of held-to-maturity securities 1,015 2,146 6,442
Proceeds from paydowns/maturities of held-to-maturity securities 47,181 16,793 8,570
Proceeds from paydowns/maturities of available-for-sale securities 64,839 46,371 36,332
Loans originated and principal collected, net (88,123) (88,872) (23,087)
Purchase of bank owned life insurance policies 0 0 (1,421)
Purchase of premises and equipment (1,418) (2,334) (958)
Proceeds from sale of repossessed assets 1,502 0 0
Proceeds from sale of repossessed assets 0 0 270
Cash acquired from acquisitions, net of cash paid 0 0 15,785
Purchase of Federal Home Loan Bank stock (136) (492) (420)
Cash paid for low income housing investment (718) (494) (62)
Net cash used in investing activities (263,278) (42,652) (36,948)
Cash Flows from Financing Activities:      
Net increase (decrease) in deposits 176,607 (35,483) 92,787
Proceeds from stock options exercised 1,139 1,452 2,218
Federal Home Loan Bank borrowings (52,000) 0 0
Cash dividends paid on common stock (5,390) (4,733) (3,970)
Proceeds from stock issued under employee and director stock purchase plans 29 35 40
Excess tax benefits from exercised stock options 187 118 96
Net cash provided (used in) by financing activities 224,572 (38,611) 91,171
Net (decrease) increase in cash and cash equivalents (15,024) (62,406) 75,424
Cash and cash equivalents at beginning of period 41,367 103,773 28,349
Cash and cash equivalents at end of period 26,343 41,367 103,773
Supplemental disclosure of cash flow items, non-cash investing and financing activities:      
Cash paid in interest 2,066 2,185 1,740
Cash paid in income taxes 9,068 11,290 9,239
Supplemental disclosure of non-cash investing and financing activities:      
Change in unrealized gain on available-for-sale securities (1,426) 2,963 (4,702)
Loans transferred to repossessed assets 0 0 192
Stock issued in payment of director fees 275 236 222
Subscription in low income housing tax credit investment 1,023 1,000 1,000
Securities transferred from available-for-sale to held-to-maturity 0 14,297 0
Transfer of loan to loans held-for-sale at fair value 1,502 0 0
Acquisitions:      
Fair value of assets acquired 0 0 280,917
Fair value of liabilities assumed 0 0 246,384
Stock issued to NorCal Community Bancorp shareholders $ 0 $ 0 $ 18,514