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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Cash flows from operating activities          
Net earnings $ 4,139 $ 3,370 $ 11,631 $ 8,547  
Adjustments to reconcile net earnings to net cash provided from operating activities:          
Depreciation     2,385 2,262  
Amortization     782 779  
Deferred taxes     (214) (1,228)  
Premium amortization, net of discount accretion     3,581 3,528  
Net realized gain on securities transactions 0 (64) (25) (82)  
Gain on sale of loans (589) (486) (1,490) (1,231)  
Provision for loan losses 800 840 2,250 3,240 $ 3,640
Origination of loans held for sale     (50,230) (43,146)  
Proceeds from loans held for sale     50,883 45,158  
Write-down of other real estate and repossessed assets     9 107  
Net loss (gain) on sale of premises, equipment, other real estate owned and other assets     111 (1,214)  
Stock based compensation     247 162  
Net change in accrued interest receivable and other assets     1,680 (1,633)  
Net change in accrued interest payable and other liabilities     1,624 1,342  
Net cash provided by operating activities     23,224 16,591  
Securities available for sale:          
Purchases     (313,177) (26,140)  
Proceeds from sales     213,813 103,942  
Proceeds from maturities and principal repayments     18,925 54,021  
Securities held to maturity:          
Purchases     0 (86,642)  
Proceeds from sales 0 0 923 1,866  
Proceeds from maturities and principal repayments     7,497 15,121  
Acquisition of Denton branch, net of cash paid     0 2,399  
Net purchases of premises and equipment     (1,678) (634)  
Net proceeds from sale of premises, equipment, other real estate owned and other assets     1,830 2,826  
Net increase in loans     (64,438) (168,154)  
Net cash used in investing activities     (136,305) (101,395)  
Cash flows from financing activities          
Net change in deposits     40,511 64,536  
Net change in securities sold under agreements to repurchase     2,061 (254)  
Proceeds from FHLB advances     60,000 120,178  
Repayment of FHLB advances     (50,013) (81,346)  
Proceeds from other debt     2,000 10,000  
Repayment of other debt     (20,286) (18,357)  
Repayments of debentures     (5,500) (1,000)  
Purchase of treasury stock     0 (7,261)  
Sale of treasury stock     0 8,557  
Exercise of stock options     84 0  
Sale of common stock     55,755 0  
Cash dividends     (4,013) (2,329)  
Net cash provided by financing activities     80,599 92,724  
Net change in cash and cash equivalents     (32,482) 7,920  
Cash and cash equivalents at beginning of period     127,543 111,379 111,379
Cash and cash equivalents at end of period $ 95,061 $ 119,299 95,061 119,299 $ 127,543
Supplemental disclosures of cash flow information          
Interest paid     8,958 1,839  
Income taxes paid     4,910 4,610  
Supplemental schedule of noncash investing and financing activities          
Transfer loans to other real estate owned and repossessed assets     992 5,862  
Terminated KSOP put option     34,300 0  
Net change in fair value of KSOP shares     $ 2,639 $ 1,539