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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities    
Net income $ 20,622 $ 9,592
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,609 1,364
Provision for loan losses 1,750 875
Share-based compensation expense 292 285
Deferred income tax benefit (164) (364)
Loans originated for sale (11,197) (11,305)
Proceeds from sale of loans 11,057 11,492
Gain (Loss) on Sales of Loans, Net (208) (231)
Realized securities gains, net (828) (58)
Loss (gain) on disposal of assets 2 (93)
Write-downs of foreclosed properties 458 538
Amortization of securities premiums, net 2,698 3,125
Amortization (accretion) related to acquisitions, net (393) (870)
Amortization of intangibles 1,261 974
Earnings on cash surrender value of bank owned life insurance (850) (425)
Increase in accrued interest receivable (301) (752)
Decrease in other assets 115 1,808
Increase (decrease) in other liabilities 2,172 (221)
Net cash provided by operating activities 28,095 15,734
Cash Flows from Investing Activities    
Proceeds from maturities and calls of securities available for sale 1,050 2,610
Proceeds from sales of securities available for sale 92,048 131,345
Principal payments received on securities available for sale 19,770 24,349
Purchases of securities available for sale (81,929) (118,346)
Purchases of other investments (9,922) (13,116)
Proceeds from redemptions of other investments 9,665 13,274
Net loan originations (42,807) (26,099)
Purchases of premises and equipment (4,288) (5,672)
Proceeds from Sale of Property, Plant, and Equipment 12 0
Improvements to property held for sale (1,118) (269)
Proceeds from sales of repossessed assets & property held for sale 1,723 4,463
Cash Acquired from Acquisition 0 39,053
Net cash (used in) provided by investing activities (15,796) 51,592
Cash Flows from Financing Activities    
Net increase (decrease) in demand deposit, NOW and savings accounts 53,110 (9,812)
Net decrease in time deposits (2,485) (19,305)
Net decrease in short-term borrowings (12,096) (28,782)
Repayment of long-term borrowings (45,012) (915)
Net proceeds from issuance of common stock 179 (43)
Proceeds from Stock Options Exercised 29 12
Dividends paid on common stock (4,821) (3,883)
Net cash used in financing activities (11,096) (62,728)
Increase in cash and cash equivalents 1,203 4,598
Cash and cash equivalents:    
Beginning 52,631 [1] 46,616
Ending 53,834 51,214
Cash payments for:    
Interest 18,199 13,055
Income taxes 5,674 3,557
Supplemental Disclosures of Noncash Investing and Financing Activities    
Real property and other assets acquired in settlement of loans $ 1,542 $ 289
[1] Derived from audited consolidated financial statements