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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net income $ 8,364 $ 6,651
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,567 1,388
Increase in cash surrender value of bank-owned life insurance (317) (300)
Provision for loan losses 4,074 1,200
Share-based compensation expense 547 631
Gain from sale of available-for-sale securities (177) 0
Loans originated for sale (439,159) (386,353)
Proceeds from sale of loans 452,242 400,003
Gain on loans sold (8,476) (6,895)
(Increase) decrease in fair value of loans held-for-sale (560) 143
Gain on derivatives (955) (443)
Net change in accrued income and other assets (3,318) 304
Net change in accrued expenses and other liabilities 350 407
Net cash provided by operating activities 15,182 16,736
Investing Activities    
Net loan activity, excluding purchases (210,844) (143,481)
Net change in interest-bearing time deposits 750 750
Maturities of securities available-for-sale 29,015 16,322
Proceeds from sale of securities available-for-sale 49,430 0
Purchase of securities available-for-sale (331,501) (78,481)
Purchase of securities held-to-maturity (5,500) 0
Purchase of Federal Home Loan Bank of Indianapolis stock 0 (1,596)
Purchase of bank-owned life insurance (5,000) 0
Purchase of premises and equipment (2,867) (2,233)
Loans purchased (36,138) 0
Net cash used in investing activities (512,655) (208,719)
Financing Activities    
Net increase in deposits 537,547 141,152
Cash dividends paid (869) (800)
Net proceeds from issuance of subordinated debt 23,757 0
Proceeds from advances from Federal Home Loan Bank 65,000 220,000
Repayment of advances from Federal Home Loan Bank (108,000) (176,000)
Net proceeds from common stock issuance 22,754 0
Other, net (43) (13)
Net cash provided by financing activities 540,146 184,339
Net Increase (Decrease) in Cash and Cash Equivalents 42,673 (7,644)
Cash and Cash Equivalents, Beginning of Period 25,152 28,289
Cash and Cash Equivalents, End of Period 67,825 20,645
Supplemental Disclosures    
Cash paid during the period for interest 13,342 7,653
Cash paid during the period for taxes 5,886 2,503
Loans transferred to other real estate owned 45 0
Cash dividends declared, paid in subsequent period 331 267
Securities purchased during the period, settled in subsequent period $ 2,238 $ 3,922