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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES                
Net income $ 15,342 $ 12,597 $ 17,121 $ 14,536 $ 6,768 $ 41,150 $ 24,072  
Adjustments to reconcile net income to net cash from operating activities:                
PROVISION FOR LOAN AND LEASE LOSSES 5,931     5,842   16,321 14,913  
Impairment loss on assets held for sale           459 256  
Depreciation and amortization of premises and equipment           4,701 4,089  
Change in fair value of equity securities, net           (1,035)    
Net amortization of securities           1,757 2,553  
Net gains on sales of securities available-for-sale (178)         (1,151) (4)  
Losses on disposal of premises and equipment             194  
Net gains on sales of assets held for sale           (82) (1,102)  
Net gains on sales of loans (9,405)     (5,015)   (23,110) (22,214)  
Originations of U.S. government guaranteed loans           (206,418) (237,945)  
Proceeds from U.S. government guaranteed loans sold           209,556 279,390  
Accretion of premiums and discounts on acquired loans, net           (17,772) (14,199)  
Net change in servicing assets           (246) 726  
Net valuation adjustments on other real estate owned 26     299   189 512  
Net gains on sales of other real estate owned (38)     (489)   (11) (380)  
Other intangible assets amortization expense 2,003     1,898   5,735 3,795  
Amortization of time deposit premium           (145) (273)  
Amortization of Federal Home Loan Bank advances premium             (19)  
Accretion of junior subordinated debentures discount           439 471  
Share-based compensation expense           1,058 1,161  
Deferred tax provision, net of valuation           2,364 9,656  
Increase in cash surrender value of bank owned life insurance           (253) (205)  
Changes in assets and liabilities:                
Accrued interest receivable           (2,920) (593)  
Other assets           (14,310) (6,720)  
Accrued interest payable           1,213 1,095  
Accrued expenses and other liabilities           (5,955) 2,937  
Net cash provided by operating activities           11,534 62,166  
CASH FLOWS FROM INVESTING ACTIVITIES                
Purchases of securities available-for-sale           (310,950) (153,995)  
Proceeds from maturities and calls of securities available-for-sale           76,297 13,630  
Proceeds from paydowns of securities available-for-sale           69,455 45,785  
Proceeds from sales of securities available-for-sale           92,103 544  
Proceeds from paydowns of securities held-to-maturity             13,778  
Purchases of Federal Home Loan Bank stock           (28,170) (25,293)  
Federal Home Loan Bank stock repurchases           23,455 23,794  
Net change in loans and leases           (63,565) (257,598)  
Purchases of premises and equipment           (2,291) (1,380)  
Proceeds from sales of assets held for sale           1,373 4,414  
Proceeds from sales of other real estate owned           2,539 6,686  
Net cash received in acquisition of business           4,306 20,374  
Net cash used in investing activities           (135,448) (309,261)  
CASH FLOWS FROM FINANCING ACTIVITIES                
Net increase in deposits           40,372 275,443  
Proceeds from Federal Home Loan Bank advances           6,358,600 4,460,000  
Repayments of Federal Home Loan Bank advances           (6,282,900) (4,396,487)  
Proceeds from line of credit           5,680    
Repayments of line of credit           (11,335)    
Net decrease in securities sold under agreements to repurchase           (1,876) (6,741)  
Dividends paid on preferred stock           (587) (587)  
Proceeds from issuance of common stock upon exercise of stock options           2,359 1,702  
Proceeds from issuance of common stock           580 172  
Net cash provided by financing activities           110,893 333,502  
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS           (13,021) 86,407  
CASH AND CASH EQUIVALENTS, beginning of period   $ 121,860 144,756   $ 58,349 121,860 58,349 $ 58,349
CASH AND CASH EQUIVALENTS, end of period $ 108,839   $ 121,860 $ 144,756   108,839 144,756 $ 121,860
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                
Cash paid during the period for interest           35,021 16,868  
Cash payments during the period for taxes           16,090 3,114  
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:                
Change in fair value of available-for-sale securities, net of tax           17,041 (10,725)  
Change in fair value of cash flow hedges, net of tax           (5,142) 4,213  
Delayed payments of mortgage-backed securities           720 229  
Transfer of securities from held-to-maturity to available-for-sale           94,837    
Reclassification of equity and other securities           6,609    
Transfers of loans to other real estate owned           3,916 1,527  
Internally financed sale of other real estate owned           183 444  
Transfers of land and premises to assets held for sale           2,733 2,531  
Transfers of assets held for sale to premises and equipment             (415)  
Transfers of premises and equipment to other assets             35  
Transfer of other assets to assets held for sale             16  
Due from counterparties           47,045 14,334  
Due to broker             6,983  
Total assets acquired from acquisition           341,375 1,142,766  
Total liabilities assumed from acquisition           305,892 1,036,609  
Common stock and stock options issued due to acquisition of business           $ 29,320 $ 152,127