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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income $ 26,548 $ 18,102
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,300 3,291
Accretion of fair value purchase accounting adjustments, net (5,712) (7,008)
Provision for loan losses 2,599 2,936
Stock compensation expense 517 397
Gain from redemption and sale of securities available-for-sale (34) (1)
Deferred income tax expense 780 2,432
Increase in cash surrender value of bank owned life insurance (568) (596)
Loss on disposal of fixed assets 35 41
Net (gains) losses from sale of other real estate owned (17) 643
Net gains from sale of loans (1,566) (1,433)
Origination of loans held for sale (69,056) (52,070)
Proceeds from sales of loans held for sale 66,744 55,761
Net change in:    
Accrued interest receivable (347) (378)
Accrued interest payable 398 817
Other assets (2,106) 1,651
Other liabilities 7,351 (3,761)
Net cash provided by operating activities 29,866 20,824
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 16,515 72,655
Proceeds from maturities and calls of securities available-for-sale 15,555 2,970
Proceeds from paydowns of securities available-for-sale 14,258 17,854
Purchase of securities available-for-sale (17,601) (72,149)
Purchase of other investments (1,414) (4,053)
Net cash and cash equivalents received in business combinations 0 4,365
Net increase in loans (117,216) (117,642)
Purchase of premises and equipment (6,269) (3,847)
Proceeds from sale of other assets owned 1,395 4,972
Net cash used in investing activities (94,777) (94,875)
Cash flow from financing activities:    
Net increase in deposits 124,698 95,073
Net decrease in securities sold under agreements to repurchase (5,572) (12,600)
Issuance of common stock 438 1,528
Net proceeds from subordinated debt 0 39,158
Proceeds from Federal Home Loan Bank advances and other borrowings 153,581 175,378
Repayment of Federal Home Loan Bank advances and other borrowings (139,385) (221,691)
Cash dividends paid (700) 0
Net cash provided by financing activities 133,060 76,846
Net change in cash and cash equivalents 68,149 2,795
Cash and cash equivalents, beginning of year 115,822 113,027
Cash and cash equivalents, end of period 183,971 115,822
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 24,177 14,749
Cash paid during the period for income taxes 6,765 857
Cash received from income tax refunds 561 0
Noncash investing and financing activities:    
Acquisition of real estate through foreclosure 639 4,440
Financed sales of other real estate owned 0 1,601
Transfer from bank premises to other real estate owned 0 (1,289)
Change in goodwill due to acquisitions (473) $ 23,213
Initial recognition of operating lease right-of-use assets 6,081  
Initial recognition of operating lease liabilities $ 6,081