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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (1,975) $ 7,285
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Credit loss expense 21,733 1,594
Depreciation, amortization, and accretion 1,456 1,905
Net loss (gain) on sale of premises and equipment 5 (12)
Share-based compensation 346 292
Net gain on sale or call of debt securities available for sale (42) (17)
Net gain on sale of foreclosed assets, net (37) (14)
Writedown of foreclosed assets 131 0
Net gain on sale of loans held for sale (810) (126)
Origination of loans held for sale 50,305 7,764
Proceeds from sales of loans held for sale 47,032 8,247
Increase in cash surrender value of bank-owned life insurance (521) (392)
Increase in deferred income taxes, net 3,655 16
Change in:    
Other assets (5,316) 281
Other liabilities 13,367 398
Net cash provided by operating activities 21,409 11,661
Cash flows from investing activities:    
Proceeds from sales of debt securities available for sale 22,140 7,280
Proceeds from maturities and calls of debt securities available for sale 28,426 17,238
Purchases of debt securities available for sale (142,632) (39,373)
Proceeds from maturities and calls of debt securities held to maturity 0 720
Net (increase) decrease in loans, net of unearned income 27,819 (6,410)
Purchases of premises and equipment (403) (490)
Proceeds from sale of foreclosed assets 2,151 394
Proceeds from sale of premises and equipment 2 12
Net cash (used in) investing activities (62,497) (20,629)
Cash flows from financing activities:    
Deposits 131,094 71,898
Short-term borrowings (9,860) (55,356)
Long-term debt (21,798) (6,250)
Taxes paid relating to the release/lapse of restriction on RSU's (127) (69)
Dividends paid (3,556) (2,465)
Repurchase of common stock (2,604) (1,299)
Net cash provided by financing activities 93,149 6,459
Net increase (decrease) in cash and cash equivalents 52,061 (2,509)
Cash and cash equivalents:    
Beginning of Period 73,484 45,480
Ending balance 125,545 42,971
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 9,993 7,084
Cash paid during the period for income taxes 0 0
Supplemental schedule of non-cash investing and financing activities:    
Transfer of loans to foreclosed assets, net 493 $ 181
Initial recognition of operating lease right of use asset 4,237  
Initial recognition of operation lease liability $ 5,202