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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 10,542 $ 14,941
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of premiums and accretion of discounts on investment securities, net 1,966 2,665
Depreciation and amortization 1,717 650
Provision for loan losses 2,209  
Stock-based compensation (excluding tax benefit) 51 41
Other-than-temporary impairment losses on investment securities   24
Gains on sales of investment securities, net (2,100) (1,286)
Net loss on sale of other real estate owned 23 75
Loans originated for resale (7,316) (14,045)
Proceeds from sale of loans held for sale 6,730 15,690
Gains on sale of loans held for sale (144) (255)
Decrease in accrued interest receivable 296 277
Increase in cash surrender value of bank-owned life insurance (912) (813)
Life insurance death benefit   (291)
Decrease (increase) in other assets 1,128 (2,351)
(Decrease) increase in other liabilities (3,791) 2,446
Net cash provided by operating activities 10,399 17,768
Investment securities available-for-sale:    
Purchases (31,550) (137,152)
Sales 66,738 90,773
Maturities, calls and principal repayments 20,951 38,634
Investment securities held-to-maturity:    
Purchases (8,310) (23,531)
Maturities and principal repayments 6,235 3,248
Net (purchases) redemption of restricted investment in bank stocks 4,710 (22)
Net increase in loans (167,314) (68,099)
Purchases of premises and equipment (2,199) (535)
Proceeds from bank-owned life insurance death benefits   592
Proceeds from sale of other real estate owned 1,562 1,230
Cash acquired in acquisition of Legacy ConnectOne 70,318  
Net cash used in investing activities (38,859) (94,862)
Cash flows from financing activities:    
Net increase in deposits 75,821 7,395
Net increase in borrowings 11,590  
Cash dividends on preferred stock (84) (112)
Cash dividends paid on common stock (4,681) (3,025)
Issuance of restricted stock awards   243
Issuance cost of common stock (7) (9)
Tax benefit of options exercised 357  
Proceeds from exercise of stock options 785 21
Net cash provided by financing activities 83,781 4,513
Net change in cash and cash equivalents 55,321 (72,581)
Cash and cash equivalents at beginning of period 82,692 106,138
Cash and cash equivalents at end of period 138,013 33,557
Cash payments for:    
Interest paid on deposits and borrowings 10,222 8,357
Income taxes $ 4,653 $ 2,195