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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 7,337 $ 2,962
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 500
Provision for depreciation and amortization 1,555 1,397
Amortization of core deposit intangible 166 130
Amortization of debt issuance costs 34 30
Compensation expense associated with stock options 18 18
Compensation expense associated with restricted stock 124 163
Tax benefits from vesting of restricted stock (47)
Net gain on sale or call of securities (139) (192)
Other than temporary impairment on investment securities 0 546
Amortization of investment premiums and accretion of discounts, net 1,502 1,256
Amortization of held-to-maturity fair value adjustments (52) (79)
Loss on cancellation of interest rate swap 2,325
Loss on disposal of fixed assets 1 2
Write-down of other real estate owned 52 76
(Gain) loss on sale of other real estate owned (22) 119
Decrease in deferred income taxes 363
Increase in cash surrender value of life insurance (413) (461)
Life insurance death benefit (502)
Increase (decrease) in deferred compensation and salary continuation plans 38 (26)
Increase in deferred loan fees and costs (446) (285)
Decrease (increase) in other assets 887 (796)
Decrease in other liabilities (330) (1,059)
Net cash provided by operating activities 10,263 6,489
Cash flows from investing activities:    
Proceeds from maturities and payments of available-for-sale securities 16,560 25,660
Proceeds from sale of available-for-sale securities 47,892 46,699
Purchases of available-for-sale securities (121,616) (70,892)
Proceeds from maturities and payments of held-to-maturity securities 679 4,310
Investment in qualified affordable housing partnerships (18) (688)
Net purchase of Federal Home Loan Bank of San Francisco stock (72)
Loan originations, net of principal repayments (27,189) (74,008)
Net repayment on loan pools 5,228 12,316
Purchase of premises and equipment (369) (2,067)
Proceeds from the sale of other real estate owned 1,067 545
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 (75,589) 81,708
Cash flows from financing activities:    
Net increase in demand deposits and savings accounts 72,966 54,607
Net decrease in certificates of deposit (14,847) (31,896)
Advances on term debt 30,259 55,000
Repayment of term debt (31,476) (130,772)
Proceeds from stock options exercised 245 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 (1,290) (1,202)
Net cash provided by (used) in financing activities 82,550 (54,259)
Net increase in cash and cash equivalents 17,224 33,938
Cash and cash equivalents at beginning of year 68,407 51,192
Cash and cash equivalents at end of period 85,631 85,130
Supplemental disclosures of cash flow activity:    
Income taxes 2,521 3,444
Interest 3,233 3,884
Supplemental disclosures of non cash investing activities:    
Transfer of loans to other real estate owned 946 110
Unrealized gain on investment securities available-for-sale 1,973 669
Changes in net deferred tax asset related to changes in unrealized gain on investment securities available-for-sale (812) (276)
Changes in accumulated other comprehensive income due to changes in unrealized gain on investment securities available-for-sale 1,161 393
Accretion of held-to-maturity investment securities from other comprehensive income to interest income (52) (79)
Changes in deferred tax related to accretion of held-to-maturity investment securities 21 33
Changes in accumulated other comprehensive income due to accretion of held-to-maturity investment securities (31) (46)
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