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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Cash Flows from Operating Activities:      
Net income $ 4,548 $ 5,646 $ 23,134
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for losses on off-balance sheet commitments 165 0  
Compensation expense via common stock for director fees 73 71  
Stock-based compensation expense 378 214  
Amortization of core deposit intangible 118 133  
Amortization of investment security premiums, net of accretion of discounts 762 742  
Accretion of discount on acquired loans (240) (428)  
Accretion of discount on subordinated debentures 42 50  
Net amortization of deferred loan origination costs/fees 75 75  
Gain on sale of investment securities 0 (110)  
Depreciation and amortization 481 453  
Gain on sale of repossessed assets (1) 0  
Earnings on bank-owned life insurance policies (209) (201)  
Net change in operating assets and liabilities:      
Deferred rent and other rent-related expenses 145 (51)  
Interest receivable and other assets 1,305 2,072  
Interest payable and other liabilities (674) (1,068)  
Total adjustments 2,420 1,952  
Net cash provided by operating activities 6,968 7,598  
Cash Flows from Investing Activities:      
Purchase of held-to-maturity securities (2,991) 0  
Purchase of available-for-sale securities (5,590) (3,636)  
Proceeds from sale of available-for-sale securities 0 54,985  
Proceeds from paydowns/maturity of held-to-maturity securities 4,001 6,237  
Proceeds from paydowns/maturity of available-for-sale securities 8,594 32,548  
Loans originated and principal collected, net 8,875 10,821  
Purchase of premises and equipment (297) (57)  
Proceeds from sale of repossessed assets 170 0  
Cash paid for low income housing tax credit investment (345) (76)  
Net cash provided by investing activities 12,417 100,822  
Cash Flows from Financing Activities:      
Net increase (decrease) in deposits 6,569 (46,880)  
Proceeds from stock options exercised 88 1,035  
Proceeds from stock issued under employee and director stock purchase plans (60) 0  
Proceeds from stock issued under employee and director stock purchase plans 31 20  
Repayment of borrowings 0 (47,650)  
Cash dividends paid on common stock (1,655) (1,518)  
Net cash provided by (used in) financing activities 4,973 (94,993)  
Net increase in cash and cash equivalents 24,358 13,427  
Cash and cash equivalents at beginning of period 48,804 26,343 26,343
Cash and cash equivalents at end of period 73,162 39,770 $ 48,804
Supplemental disclosure of cash flow information:      
Cash paid for interest 373 498  
Cash paid for income taxes 0 505  
Supplemental disclosure of non-cash investing and financing activities:      
Change in net unrealized gain or loss on available-for-sale securities 1,674 2,813  
Securities transferred from available-for-sale to held-to-maturity 128,965 0  
Amortization of net unrealized loss on available-for sale securities transferred to held-to-maturity 41 0  
Stock issued in payment of director fees $ 82 $ 137