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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net Income $ 6,816 $ 2,079 $ 4,020
Adjustments to reconcile net income to net cash provided by operating activities:      
Net amortization and accretion of investments 765 820 1,041
Net amortization of deferred loan fees 203 405 168
Provision for loan losses 2,493 2,582 2,260
Depreciation and amortization 2,908 1,245 936
Stock based compensation 413 321 196
Loans originated for sale (1,341,965) (843,233) (1,023,418)
Proceeds of loans sold 1,338,341 881,323 1,039,688
Mortgage fee income (29,472) (17,557) (20,801)
Gain on sale of investment securities (130) (413) (145)
Gain on sale of subsidiary     626
Income on bank owned life insurance (653) (588) (460)
Deferred taxes (395) (1,082) 494
Other, net (812) (779) (2,199)
Net cash (used in) provided by operating activities (21,488) 25,123 1,154
Investing activities      
Purchases of investment securities available-for-sale (39,552) (29,573) (56,995)
Purchases of investment securities held-to-maturity (700) (250) (21,600)
Maturities/paydowns of investment securities available-for-sale 24,412 8,230 11,269
Maturities/paydowns of investment securities held-to-maturity 1,580 2,000  
Sales of investment securities available-for-sale 12,912 61,299 15,237
Sales of investment securities held-to-maturity 421 0 0
Purchases of premises and equipment (2,153) (9,798) (6,501)
Net increase in loans (215,173) (177,691) (101,853)
Loans purchased (1,413)   (76,052)
Purchases of restricted bank stock (24,344) (13,975) (12,226)
Redemptions of restricted bank stock 20,972 15,024 8,757
Proceeds from sale of certificates of deposit with banks 248 1,234  
Purchase of certificates of deposit with banks (1,491) (3,714)  
Proceeds from sale of other real estate owned 1,132 76 278
Proceeds from sale of subsidiary     725
Branch acquisition, net cash acquired 48,292    
Purchase of bank owned life insurance   (5,000) (5,078)
Net cash used in investing activities (174,857) (152,138) (244,039)
Financing activities      
Net increase in deposits 120,390 127,416 209,292
Net (decrease) in repurchase agreements (5,236) (48,905) 11,344
Net change in short-term FHLB borrowings 84,088 (2,199) 15,945
Principal payments on FHLB borrowings (2,177) (1,160) (2,916)
Proceeds from subordinated debt   29,400  
Proceeds from stock offering   5,588 23,109
Preferred stock issuance   7,834  
Dividend reinvestment plan proceeds   180 913
Common stock options exercised (448) 63 323
Cash dividends paid on common stock (641) (636) (537)
Cash dividends paid on preferred stock (575) (332) (85)
Net cash provided by financing activities 195,401 117,249 257,388
(Decrease) increase in cash and cash equivalents (944) (9,766) 14,503
Cash and cash equivalents at beginning of period 30,077 39,843 25,340
Cash and cash equivalents at end of period 29,133 30,077 39,843
Supplemental disclosure of cash flow information      
Loans transferred to other real estate owned 174 346 472
Cashless stock options exercised 1,180    
Cash payments for:      
Interest on deposits, repurchase agreements and borrowings 11,124 8,953 5,551
Income taxes $ 2,400 $ 1,729 $ 863