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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 15,730 $ 7,344 $ 5,259
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan and lease losses 950
Provision for depreciation and amortization 1,738 2,061 1,908
Amortization of core deposit intangible 221 221 185
Amortization of debt issuance costs 48 45 40
Compensation expense associated with stock options 8 23 24
Compensation expense associated with restricted stock 288 273 215
Tax benefits from vesting of restricted stock (46) (53)
Net gains on sale or call of securities (44) (137) (244)
Other-than-temporary impairment on investment securities 0 0 546
Amortization of investment premiums and accretion of discounts, net 1,845 2,031 1,715
Accretion of held-to-maturity fair value adjustments (56) (97)
Loss on cancellation of interest rate swap 2,325
Write-down of other real estate owned 52 66
(Gain) loss on sale of other real estate owned (73) (368) 109
Increase in cash surrender value of life insurance (512) (548) (613)
Life insurance death benefit (502)
Increase (decrease) in deferred compensation and salary continuation plans 67 18 (19)
Increase in deferred loan fees and costs (217) (386) (454)
Decrease in deferred income taxes 595 271 132
Deferred tax asset write-down 2,490 363
(Increase) decrease in other assets (10) 863 118
Increase (decrease) in other liabilities 1,094 (961) 306
Net cash provided by operating activities 20,732 13,631 11,884
Cash flows from investing activities:      
Proceeds from maturities and payments of available-for-sale securities 31,538 23,551 31,685
Proceeds from sale of available-for-sale securities 30,235 64,349 51,025
Purchases of available-for-sale securities (57,616) (150,888) (104,134)
Proceeds from maturities and payments of held-to-maturity securities 1,098 4,963
Investment in Qualified Zone Academy Bonds (1,000) (2,000)
Investment in qualified affordable housing partnerships (38) (124) (697)
Net purchase of Federal Home Loan Bank of San Francisco stock (1,355) (72)
Loan originations, net of principal repayments (57,690) (76,016) (105,892)
Net (purchase of) repayment on purchased loans (8,499) (1,158) 18,666
Purchase of premises and equipment (351) (584) (2,873)
Proceeds from the sale of other real estate owned 217 2,111 636
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 (63,559) (136,484) 31,212
Cash flows from financing activities:      
Net increase in demand deposits, money market accounts and savings accounts 65,857 124,201 84,722
Net decrease in certificates of deposit (36,873) (26,135) (32,838)
Advances on term debt 230,160 30,260 55,000
Repayment of term debt (233,761) (32,080) (131,172)
Proceeds from stock options exercised 216 245 10
Net proceeds from issuance of common stock 26,778
Cash paid for shares surrendered for tax-withholding purposes (103) (77)
Cash dividends paid on common stock (2,274) (1,776) (1,603)
Net cash provided by (used in) financing activities 23,222 121,416 (25,881)
Net (decrease) increase cash and cash equivalents (19,605) (1,437) 17,215
Cash and cash equivalents at the beginning of year 66,970 68,407 51,192
Cash and cash equivalents at the end of year 47,365 66,970 68,407
Cash paid during the period for:      
Income taxes 2,727 3,846 2,705
Interest 5,171 4,581 5,142
Supplemental disclosures of non cash investing activities:      
Transfer of loans to other real estate owned 140 981 147
Changes in unrealized (loss) gain on investment securities available-for-sale (3,818) 892 (2,964)
Changes in net deferred tax asset related to changes in unrealized loss (gain) on investment securities available-for-sale 1,128 (368) 1,220
Changes in accumulated other comprehensive (loss) income due to changes in unrealized (loss) gain on investment securities available-for-sale (2,690) 524 (1,744)
Accretion of held-to-maturity fair value adjustment from other comprehensive income to interest income (56) (97)
Changes in deferred tax related to accretion of held-to-maturity investment securities 23
Changes in accumulated other comprehensive income (loss) due to accretion of held-to-maturity investment securities (33) (97)
Fair value adjustment for held to maturities securities transferred to available-for-sale (167)
Changes in deferred tax related to transfer of held-to-maturity investment securities to available-for-sale 69
Net fair value adjustment for held-to-maturity securities transferred to available-for-sale (98)
Changes in accumulated other comprehensive income (loss) related held-to-maturity investment securities (131) (97)
Reclassification of accumulated other comprehensive income due to tax rate change 52
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 (loss) 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 (loss) due to reclassification of losses on derivatives 1,601
Supplemental disclosures of non cash financing activities:      
Vested and granted restricted stock issued under employee plans 84
Stock issued under employee plans 45 41
Transfer of investment securities from HTM to AFS 30,330
Cash dividend declared on common stock and payable after period-end 651 486 401
Transactions Related to Acquisition:      
Assets acquired - fair value 155,230
Goodwill 665
Liabilities assumed - fair value $ 149,239