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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Interest received $ 30,932 $ 27,183
Fees and commissions received 7,980 6,638
Interest paid (1,570) (1,748)
Cash paid to suppliers and employees (27,839) (21,870)
Origination of loans designated held for sale (35,135) (42,112)
Sale of loans designated held for sale 39,266 35,339
Net change in other assets 2,025 (455)
Net cash provided by operating activities 15,659 2,975
Cash flows from investing activities    
Maturity of securities available for sale 26,018 28,046
Maturity of securities held for investment 5,368 9,176
Proceeds from sale of securities available for sale 10,416 0
Purchases of securities available for sale (81,880) (13,769)
Purchases of securities held for investment 0 (24,366)
Net new loans and principal repayments (32,135) (31,542)
Proceeds from the sale of other real estate owned 1,542 1,827
Proceeds from sale of Federal Home Loan Bank (FHLB) and Federal Reserve Bank stock 1,700 3,725
Purchase of FHLB and Federal Reserve Bank Stock (1,956) (2,466)
Net cash from bank acquisition 1,544 0
Additions to bank premises and equipment (793) (3,919)
Net cash (used in) investing activities (70,176) (33,288)
Cash flows from financing activities    
Net increase in deposits 40,719 193,291
Net increase (decrease) in federal funds purchased and repurchase agreements 26,325 (63,617)
Stock based employee benefit plans 34 30
Dividends paid 0 0
Net cash provided by financing activities 67,078 129,704
Net increase in cash and cash equivalents 12,561 99,391
Cash and cash equivalents at beginning of period 136,067 100,539
Cash and cash equivalents at end of period 148,628 199,930
Reconciliation of net income to cash provided by operating activities    
Net income 3,966 5,859
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,064 816
Amortization of premiums and discounts on securities, net 1,021 959
Other amortization and accretion, net (237) (929)
Change in loans held for sale, net 4,131 (6,773)
Provision for loan losses 199 433
Gain on sale of securities (89) 0
Gain on sale of loans (700) (749)
Losses (gains) on sale and write-downs of other real estate owned (51) 81
Losses (gains) on disposition of fixed assets 692 (1)
Change in interest receivable (1,507) 150
Change in interest payable 309 (184)
Change in prepaid expenses (691) (171)
Change in accrued taxes 2,714 3,804
Change in other assets 2,025 (455)
Change in other liabilities 2,813 135
Net cash provided by operating activities 15,659 2,975
Supplemental disclosure of non cash investing activities:    
Fair value adjustment to securities 7,817 4,650
Transfer from loans to other real estate owned 2,543 649
Matured securities recorded as a receivable 1,260 691
Purchase of securities on trade date $ 24,848 $ 0