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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net income $ 6,389 $ 4,548 $ 15,976
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for losses on off-balance sheet commitments 0 165  
Noncash director compensation expense - common stock 67 73  
Stock-based compensation expense 771 378  
Amortization of core deposit intangible 230 118  
Amortization of investment security premiums, net of accretion of discounts 762 762  
Accretion of discount on acquired loans (211) (240)  
Accretion of discount on subordinated debentures 33 42  
Net change in deferred loan origination costs/fees (110) 75  
Gain on sales of other real estate owned 0 (1)  
Depreciation and amortization 547 481  
Earnings on bank-owned life insurance policies (228) (209)  
Net change in operating assets and liabilities:      
Deferred rent and other rent-related expenses (86) 145  
Interest receivable and other assets (2,339) 1,305  
Interest payable and other liabilities 3,374 (674)  
Total adjustments 2,810 2,420  
Net cash provided by operating activities 9,199 6,968  
Cash Flows from Investing Activities:      
Purchase of held-to-maturity securities (1,989) (2,991)  
Purchase of available-for-sale securities (109,693) (5,590)  
Proceeds from paydowns/maturities of held-to-maturity securities 3,917 4,001  
Proceeds from paydowns/maturities of available-for-sale securities 11,572 8,594  
Loans originated and principal collected, net 7,022 8,875  
Purchase of premises and equipment (232) (297)  
Proceeds from sale of other real estate owned or repossessed assets 0 170  
Cash paid for low-income housing tax credit investment (356) (345)  
Net cash (used in) provided by investing activities (89,759) 12,417  
Cash Flows from Financing Activities:      
Net increase in deposits 37,924 6,569  
Proceeds from stock options exercised 504 88  
Payment of tax withholdings for stock options exercised and vesting of restricted stock (79) (60)  
Proceeds from stock issued under employee and director stock purchase plans 28 31  
Cash dividends paid on common stock (2,015) (1,655)  
Net cash provided by financing activities 36,362 4,973  
Net (decrease) increase in cash and cash equivalents (44,198) 24,358  
Cash and cash equivalents at beginning of period 203,545 48,804 48,804
Cash and cash equivalents at end of period 159,347 73,162 203,545
Supplemental disclosure of cash flow information:      
Cash paid in interest 543 373  
Supplemental disclosure of noncash investing and financing activities:      
Change in net unrealized gain or loss on available-for-sale securities (6,034) 1,674  
Securities transferred from available-for-sale to held-to-maturity 0 128,965 129,000
Amortization of net unrealized loss on available-for-sale securities transferred to held-to-maturity 136 41 $ 41
Subscription in low income housing tax credit investment (3,000) 0  
Stock issued in payment of director fees $ 91 $ 82