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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net Income $ 9,004 $ 6,152
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization and accretion of investments 994 801
Net amortization of deferred loan costs 105 95
Provision for loan losses 2,148 1,137
Depreciation and amortization 2,210 1,980
Stock based compensation 920 506
Loans originated for sale (933,134) (1,050,759)
Proceeds of loans sold 960,856 1,100,480
Mortgage fee income (24,634) (28,604)
Gain on sale of securities 352 827
Loss on sale of securities 25 372
Gain on sale of portfolio loans (217) (477)
Income on bank owned life insurance (958) (453)
Deferred taxes 263 (470)
Other, net (4,056) (5,385)
Net cash provided by operating activities 13,174 24,548
INVESTING ACTIVITIES    
Purchases of investment securities available-for-sale (19,742)  
Purchases of investment securities available-for-sale   (86,692)
Maturities/paydowns of investment securities available-for-sale 16,283 11,961
Sales of investment securities available-for-sale 2,794  
Sales of investment securities available-for-sale   52,108
Purchases of premises and equipment (2,164) (4,008)
Net increase in loans (190,994) (42,062)
Purchases of restricted bank stock (17,750) (15,450)
Redemptions of restricted bank stock 17,550 16,005
Proceeds from sale of certificates of deposit with banks 0 1,978
Purchases of certificates of deposit with banks 0 (2,229)
Proceeds from sale of other real estate owned 362 0
Purchase (redemption) of bank owned life insurance 706 (50)
Purchase of equity securities (2,000) 0
Net cash used in investing activities (194,955) (68,439)
FINANCING ACTIVITIES    
Net increase in deposits 219,606 58,182
Net decrease in repurchase agreements (6,648) (115)
Net change in short-term FHLB borrowings (67,909) (32,605)
Principal payments on FHLB borrowings (12,260) (595)
Proceeds from new FHLB borrowings 50,000 26,682
Subordinated debt conversion costs (35) 0
Proceeds from stock offering 0 4,931
Preferred stock redemption 0 (8,500)
Common stock options exercised 2,006 (10)
Cash dividends paid on common stock (873) (773)
Cash dividends paid on preferred stock (366) (374)
Net cash provided by financing activities 183,521 46,823
Increase in cash and cash equivalents 1,740 2,932
Cash and cash equivalents at beginning of period 20,305 17,340
Cash and cash equivalents at end of period 22,045 20,272
Supplemental disclosure of cash flow information:    
Loans transferred to other real estate owned 720 1,017
Cashless stock options exercised 153 4
Restricted stock units vested 1 0
Common stock converted from subordinated debt 15 0
Cash payments for:    
Interest on deposits, repurchase agreements and borrowings 13,607 9,100
Income taxes $ 107 $ 6,025