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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 4,461 $ 596
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 500
Provision for depreciation and amortization 1,049 913
Amortization of core deposit intangible 111 75
Amortization of debt issuance costs 23 22
Compensation expense associated with stock options 10 13
Compensation expense associated with restricted stock 55 106
Excess tax benefits from restricted stock vesting (45)
Net gain on sale or call of securities (101) (122)
Other than temporary impairment on investment securities 0 546
Amortization of investment premiums and accretion of discounts, net 934 865
Amortization of held-to-maturity fair value adjustments (36) (57)
Loss on cancellation of interest rate swap 2,325
Gain on disposal of fixed assets 2
Write-down of other real estate owned 52 76
Loss on sale of other real estate owned 59 149
Decrease in deferred income taxes 363
Increase in cash surrender value of life insurance (279) (309)
Gain on life insurance (502)
Increase (decrease) in deferred compensation and salary continuation plans 23 (32)
Increase in deferred loan fees and costs (217) (158)
Decrease in other assets 828 456
Decrease in other liabilities (1,664) (2,396)
Net cash provided by operating activities 5,261 3,433
Cash flows from investing activities:    
Proceeds from maturities and payments of available-for-sale securities 9,793 11,430
Proceeds from sale of available-for-sale securities 27,252 34,389
Purchases of available-for-sale securities (70,487) (45,075)
Proceeds from maturities and payments of held-to-maturity securities 600
Investment in qualified affordable housing partnerships (18) (659)
Net redemption of Federal Home Loan Bank of San Francisco stock 72
Loan originations, net of principal repayments (15,913) (43,211)
Net repayment on loan pools 3,456 6,442
Purchase of premises and equipment (323) (1,313)
Proceeds from the sale of other real estate owned 55 514
Proceeds from life insurance policy 2,249
Payments to derivative counterparties for the termination of interest rate swaps (2,578)
Acquisition of branches, net of cash paid 142,411
Net cash (used) provided by investing activities (43,864) 102,950
Cash flows from financing activities:    
Net increase in demand deposits and savings accounts 50,554 10,750
Net decrease in certificates of deposit (8,995) (25,976)
Advances on term debt 30,000 30,000
Repayment of term debt (30,617) (105,512)
Proceeds from stock options exercised 220 4
Net proceeds from issuance of common stock 26,778
Cash paid when directly withholding shares for tax-withholding purposes (85)
Cash dividends paid on common stock (805) (801)
Net cash provided by (used) in financing activities 67,050 (91,535)
Net increase in cash and cash equivalents 28,447 14,848
Cash and cash equivalents at beginning of year 68,407 51,192
Cash and cash equivalents at end of period 96,854 66,040
Supplemental disclosures of cash flow activity:    
Income taxes 1,933 2,130
Interest 2,238 2,970
Supplemental disclosures of non cash investing activities:    
Transfer of loans to other real estate owned 924 81
Urealized gain on investment securities available-for-sale 2,026 1,024
Changes in net deferred tax asset related to changes in unrealized gain on investment securities available-for-sale (834) (421)
Changes in accumulated other comprehensive income due to changes in unrealized gain on investment securities available-for-sale 1,192 603
Accretion of held-to-maturity investment securities from other comprehensive income to interest income (36) (57)
Changes in deferred tax related to accretion of held-to-maturity investment securities 15 23
Changes in accumulated other comprehensive income due to accretion of held-to-maturity investment securities (21) (34)
Changes in unrealized loss on derivatives (348)
Changes in net deferred tax asset related to changes in unrealized loss on derivatives 143
Changes in accumulated other comprehensive income due to changes in unrealized loss on derivatives (205)
Reclassification of losses on derivatives 2,721
Changes in net deferred tax asset related to reclassification of losses on derivatives (1,120)
Changes in accumulated other comprehensive income due to reclassification of losses on derivatives 1,601
Supplemental disclosures of non cash financing activities:    
Vested restricted stock issued under employee plans 41 84
Cash dividend declared on common shares and payable after period-end 486 401
Transactions Related to Acquisition:    
Assets acquired - fair value 155,230
Goodwill 665
Liabilities assumed - fair value $ 149,239