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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net income $ 24,332 $ 26,548
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,021 4,300
Accretion of fair value purchase accounting adjustments, net (4,457) (5,712)
Provision for loan losses 8,683 2,599
Stock compensation expense 482 517
Gain from redemption and sale of securities available-for-sale (6) (34)
Deferred income tax expense (1,219) 780
Increase in cash surrender value of bank owned life insurance (707) (568)
Loss on disposal of fixed assets   35
Net (gains) losses from sale of other real estate owned 187 (17)
Net gains from sale of loans (3,875) (1,566)
Origination of loans held for sale (143,022) (69,056)
Proceeds from sales of loans held for sale 141,031 66,744
Net change in:    
Accrued interest receivable (2,456) (347)
Accrued interest payable (156) 398
Other assets 4,529 (2,106)
Other liabilities (298) 7,351
Net cash provided by operating activities 29,069 29,866
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 11,759 16,515
Proceeds from maturities and calls of securities available-for-sale 49,633 15,555
Proceeds from paydowns of securities available-for-sale 26,562 14,258
Proceeds from sales of other investments 34  
Purchases of securities available-for-sale (94,146) (17,601)
Purchase of other investments (1,223) (1,414)
Net increase in loans (293,964) (117,216)
Purchase of premises and equipment (5,439) (6,269)
Proceeds from sale of other assets owned 1,314 1,395
Net cash and cash equivalents received from business combination 46,132  
Net cash used in investing activities (259,338) (94,777)
Cash flow from financing activities:    
Net increase in deposits 485,396 124,698
Net increase (decrease) in securities sold under agreements to repurchase (381) (5,572)
Proceeds from borrowings 339,675 153,581
Repayment borrowings (289,718) (139,385)
Cash dividends paid (2,986) (700)
Issuance of common stock 339 438
Repurchase of common stock (4,308)  
Net cash provided by financing activities 528,017 133,060
Net change in cash and cash equivalents 297,748 68,149
Cash and cash equivalents, beginning of year 183,971 115,822
Cash and cash equivalents, end of period 481,719 183,971
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 16,903 24,177
Cash paid during the period for income taxes 8,654 6,765
Cash received from income tax refunds 48 561
Noncash investing and financing activities:    
Acquisition of real estate through foreclosure 971 639
Transfer from bank premises to other real estate owned 1,221  
Change in goodwill due to acquisitions 8,521 (473)
Initial recognition of operating lease right-of-use assets 484 6,081
Initial recognition of operating lease liabilities $ 484 $ 6,081