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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net income $ 7,615,000 $ 8,549,000
Depreciation and amortization 2,548,000 2,767,000
Accretion of acquired loans (832,000) (1,316,000)
Provision for loan losses 600,000 600,000
Stock-based compensation expense 476,000 330,000
Stock grants to directors for retainer fees 2,000 0
Proceeds from sales of mortgage loans held for sale 19,317,000 19,465,000
Origination of mortgage loans held for sale (19,342,000) (18,150,000)
Net gain from sales of mortgage loans held for sale (867,000) (543,000)
Gain on trust preferred securities repurchase 0 (2,970,000)
Net gain from sales and valuation write-downs of foreclosed assets (43,000) (125,000)
Net (gain) loss from sales and valuation write-downs of former bank premises 15,000 (39,000)
Net loss from sales and write-downs of fixed assets 40,000 140,000
Net loss from sales of available for sale securities 0 1,000
Earnings on bank owned life insurance (1,738,000) (286,000)
Accrued interest receivable (828,000) (366,000)
Other assets (321,000) 732,000
Accrued interest and other liabilities 980,000 1,278,000
Net cash from operating activities 7,622,000 10,067,000
Loan originations and payments, net (61,352,000) (18,011,000)
Purchases of securities available for sale (14,701,000) (17,873,000)
Proceeds from maturities, calls and repayments of securities available for sale 10,858,000 22,337,000
Proceeds from sales of securities available for sale 0 264,000
Purchases of Federal Home Loan Bank stock (1,210,000) 0
Proceeds from sales of foreclosed assets 99,000 529,000
Proceeds from sales of former bank premises 0 45,000
Proceeds from bank owned life insurance cash value release and death benefits 2,720,000 0
Net sales (purchases) of premises and equipment (1,138,000) 44,000
Net cash for investing activities (64,724,000) (12,665,000)
Net decrease in time deposits (55,203,000) (24,764,000)
Net increase (decrease) in all other deposits (41,766,000) 14,504,000
Net increase (decrease) in securities sold under agreements to repurchase (5,031,000) 7,541,000
Maturities of Federal Home Loan Bank advances (10,000,000) 0
Proceeds from Federal Home Loan Bank advances 40,000,000 30,000,000
Proceeds from stock option exercises 248,000 50,000
Employee stock purchase plan 12,000 8,000
Dividend reinvestment plan 1,145,000 411,000
Repurchase of common stock shares 0 (3,258,000)
Repurchase of trust preferred securities 0 (8,030,000)
Payment of cash dividends to common shareholders (2,923,000) (2,574,000)
Net cash from (for) financing activities (73,518,000) 13,888,000
Net change in cash and cash equivalents (130,620,000) 11,290,000
Cash and cash equivalents at beginning of period 183,596,000 89,891,000
Cash and cash equivalents at end of period 52,976,000 101,181,000
Supplemental disclosures of cash flows information    
Interest 3,322,000 3,063,000
Federal income tax 0 250,000
Noncash financing and investing activities:    
Transfers from loans to foreclosed assets 97,000 224,000
Transfers from bank premises to other real estate owned $ 0 $ 371,000