XML 19 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Operating activities:      
Net income $ 10,791 $ 9,835  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 900 500 $ 3,000
Depreciation, amortization and accretion, net 2,280 2,662  
Deferred income tax provision 25 1,179  
Gain on sales of mortgage loans held for sale (406) (462)  
Origination of mortgage loans held for sale (20,839) (20,788)  
Proceeds from sale of mortgage loans held for sale 20,574 24,066  
Bank owned life insurance income (204) (221)  
Loss (gain) on the sale of other real estate (333)  
Stock compensation expense 660 513  
Excess tax benefits from share-based compensation arrangements (1,013) (404)  
Increase in accrued interest receivable and other assets (1,125) (4,774)  
Increase in accrued interest payable and other liabilities 3,947 5,871  
Net cash provided by operating activities 15,590 17,644  
Investing activities:      
Purchases of securities available for sale (99,988) (117,915)  
Proceeds from sale of securities available for sale  
Proceeds from maturities of securities available for sale 114,297 119,615  
Net (increase) decrease in loans 32,171 (62,660)  
Purchases of premises and equipment (308) (1,169)  
Proceeds from sale of foreclosed assets 1,043 513  
Net cash provided by (used in) investing activities 47,215 (61,616)  
Financing activities:      
Net increase(decrease) in deposits 23,707 (5,602)  
Net decrease in securities sold under agreements to repurchase and federal funds purchased (38,293) (2,139)  
Proceeds from Federal Home Loan Bank advances 30,000 30,000  
Repayments of Federal Home Loan Bank advances (30,320) (30,232)  
Proceeds (used for) and received from settlement of stock awards (216) 495  
Excess tax benefits from share-based compensation arrangements 404  
Common stock repurchases (1,889) (1,020)  
Cash dividends paid (4,286) (3,729)  
Net cash used in financing activities (21,297) (11,823)  
Net increase (decrease) in cash and cash equivalents 41,508 (55,795)  
Cash and cash equivalents at beginning of period 47,973 103,833 103,833
Cash and cash equivalents at end of period 89,481 48,038 $ 47,973
Supplemental cash flow information:      
Income tax payments  
Cash paid for interest 1,437 1,239  
Supplemental non-cash activity:      
Transfers from loans to other real estate owned $ 146