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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 11,926 $ 8,013
Adjustments to reconcile to net income to net cash from operating activities    
Recovery of loan losses (258) (15)
Prepayment of ESOP Share Acquisition Loan 0 1,125
Stock–based compensation expense 6 0
Depreciation and amortization 2,513 2,846
Amortization of premiums and discounts on securities and loans 9 (72)
Amortization of core deposit intangible 163 374
Amortization of servicing assets 79 86
Net change in net deferred loan origination costs 53 343
Loss on sale of other real estate owned 56 100
Net gain on sale of loans 0 (70)
Loss on sale of equity securities (14) 0
Gain on sale of premises held-for-sale 93 0
Loans originated for sale 0 (1,291)
Proceeds from sale of loans 0 1,361
Other real estate owned valuation adjustments 27 301
Net change in:    
Accrued interest receivable (355) (188)
Earnings on bank owned life insurance (146) (196)
Other assets 3,540 4,027
Accrued interest payable and other liabilities (3,076) (1,966)
Net cash from operating activities 14,458 14,778
Securities    
Proceeds from maturities 76,164 49,695
Proceeds from principal repayments 2,970 2,461
Proceeds from sale of equity securities 487 0
Purchases of securities (90,355) (43,808)
Loans receivable    
Loan participations sold 0 3,615
Principal payments on loans receivable 729,474 459,706
Purchase of loans 0 (23,451)
Originated for investment (683,685) (465,562)
Purchase of FHLB and FRB stock (21) (154)
Redemption of FHLB and FRB stock (285) (3,514)
Bank-owned life insurance death benefit 4,224 0
Proceeds from sale of premises held-for-sale 5,485 0
Proceeds from sale of other real estate owned 2,172 1,966
Purchase of premises and equipment, net (512) (906)
Net cash from (used in) investing activities 46,688 (12,924)
Cash flows from financing activities    
Net change in deposits (44,281) 31,699
Net change in borrowings (39,536) 9,859
Net change in advance payments by borrowers for taxes and insurance (630) (358)
Payments for Repurchase of Common Stock (12,594) (9,148)
Payments of Ordinary Dividends, Common Stock (4,763) (3,710)
Payments for Deposits Applied to Debt Retirements 0 1,219
Net cash used in financing activities (101,804) 27,123
Net change in cash and cash equivalents (40,658) 28,977
Beginning cash and cash equivalents 127,592 96,684
Ending cash and cash equivalents 86,934  
Supplemental disclosures of cash flow information:    
Interest paid 5,960 4,269
Income taxes paid 250 198
Loans transferred to other real estate owned $ 1,241 $ 2,041