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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 13,401 $ 8,615
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of discounts and premiums on securities 1,746 662
Gain on sale of securities available-for-sale (527)  
Gain on sale of SBA loans (584) (393)
Proceeds from SBA loans originated for sale 8,398 4,767
SBA loans originated for sale (8,187) (6,996)
Provision (credit) for loan losses 752 (38)
Increase in cash surrender value of life insurance (889) (796)
Depreciation and amortization 361 366
Amortization of intangible assets 784 378
Gain on sale of foreclosed assets, net   (106)
Stock option expense, net 482 475
Amortization of restricted stock awards, net 296 34
Gain on proceeds from company owned life insurance (1,019)  
Effect of changes in:    
Accrued interest receivable and other assets 3,280 (831)
Accrued interest payable and other liabilities (3,359) 1,051
Net cash provided by operating activities 14,935 7,188
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of securities available-for-sale (75,803) (19,953)
Purchase of securities held-to-maturity (109,934) (6,153)
Maturities/paydowns/calls of securities available-for-sale 27,789 14,195
Maturities/paydowns/calls of securities held-to-maturity 8,591 1,786
Proceeds from sale of securities available-for-sale 49,171  
Net change in loans (102,413) (43,308)
Change in Federal Home Loan Bank and Federal Reserve Bank stock and other investments (2,496) (25)
Purchase of premises and equipment (130) (164)
Proceeds from sale of foreclosed assets 49 1,571
Proceeds from company owned life insurance 3,164  
Net cash used in investing activities (202,012) (52,051)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits 11,009 58,751
Exercise of stock options 623 122
Repayments of short-term borrowings (3,000)  
Payment of cash dividends (6,803) (5,145)
Net cash provided by financing activities 1,829 53,728
Net (decrease) increase in cash and cash equivalents (185,248) 8,865
Cash and cash equivalents, beginning of period 344,092 122,403
Cash and cash equivalents, end of period 158,844 131,268
Supplemental disclosures of cash flow information:    
Interest paid 1,512 1,057
Income taxes paid 4,955 3,860
Due to broker for securities purchased, settling after year-end   730
Supplemental schedule of non-cash investing activity:    
Transfer of loans held for sale to loan portfolio 2,791  
Loans transferred to foreclosed assets $ 49 $ 1,236