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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income $ 22,289 $ 13,045 $ 13,036
Adjustments to reconcile net income to cash provided by operating activities:      
Provision for loan losses 1,900 2,000 2,300
Depreciation and other amortization 1,755 1,460 1,251
Accretion and amortization of securities discounts and premiums, net 437 582 581
Gain on sale of investment securities available for sale (7) (4) (431)
(Gain) loss on sale of fixed assets (8) 50  
(Gain) loss on sale of other real estate owned (7) 3 428
Write-down of other real estate owned 117 185 466
Compensation expense related to stock options and restricted stock grants 1,502 1,258 1,998
Gain on sale of loans held for sale (5,144) (5,752) (6,553)
Loans originated and held for sale (204,429) (192,347) (251,397)
Proceeds from sale of loans held for sale 212,122 194,110 255,092
Increase in cash surrender value of bank owned life insurance (878) (811) (736)
(Increase) decrease in deferred tax asset (115) 2,904 356
(Increase) decrease in other assets, net 223 (1,421) (1,867)
Increase in other liabilities, net 1,946 1,931 2,565
Net cash provided by operating activities 31,703 17,193 17,089
Increase (decrease) in cash realized from:      
Increase in loans, net (291,923) (225,047) (160,019)
Purchase of property and equipment (1,943) (5,381) (5,428)
Purchase of investment securities:      
Available for sale (23,181) (21,972) (17,976)
Other investments (46) (3,086) (806)
Proceeds from maturities, calls and repayments of investment securities:      
Available for sale 9,025 9,644 20,341
Other investments 387 4,366 596
Proceeds from sale of investment securities:      
Available for sale 5,841 8,813 22,186
Purchase of life insurance policies (6,850)
Proceeds from sale of other real estate owned 132 498 1,187
Net cash used for investing activities (301,708) (239,015) (139,919)
Increase (decrease) in cash realized from:      
Increase in deposits, net 267,013 289,972 105,418
Decrease in Federal Home Loan Bank advances and other borrowings (17,200) (48,000)
Issuance of common stock 24,758
Proceeds from the exercise of stock options 900 705 1,098
Net cash provided by financing activities 250,713 267,435 106,516
Net increase (decrease) in cash and cash equivalents (19,292) 45,613 (16,314)
Cash and cash equivalents, beginning of year 92,165 46,552 62,866
Cash and cash equivalents, end of year 72,873 92,165 46,552
Cash paid for      
Interest 15,410 9,987 8,311
Income taxes 5,451 8,390 6,680
Schedule of non-cash transactions      
Foreclosure of other real estate   288 245
Unrealized (gain) loss on securities, net of income taxes $ 455 $ (51) $ 216