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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:    
Net income $ 6,106 $ 4,138
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of discounts and premiums on securities 667 293
Gain on sale of securities available-for-sale (180)  
Gain on sale of SBA loans (305) (207)
Proceeds from SBA loans originated for sale 4,927 2,345
SBA loans originated for sale (2,505) (2,356)
Provision (credit) for loan losses 401 (60)
Increase in cash surrender value of life insurance (449) (400)
Depreciation and amortization 169 186
Amortization of other intangible assets 392 189
Gain on sale of foreclosed assets, net   (124)
Stock option expense, net 245 224
Amortization of restricted stock award, net 186 (14)
Effect of changes in:    
Accrued interest receivable and other assets 1,700 (1,074)
Accrued interest payable and other liabilities (3,387) (1,841)
Net cash provided by operating activities 7,967 1,299
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of securities available-for-sale (75,803)  
Purchase of securities held-to-maturity (78,680)  
Maturities/paydowns/calls of securities available-for-sale 11,075 6,204
Maturities/paydowns/calls of securities held-to-maturity 2,665 720
Proceeds from sale of securities available-for-sale 5,598  
Net change in loans (33,675) (11,877)
Change in Federal Home Loan Bank and Federal Reserve Bank stock and other investments (8) (20)
Purchase of premises and equipment (21) (75)
Proceeds from sale of foreclosed assets   322
Net cash used in investing activities (168,849) (4,726)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits (34,039) 35,263
Exercise of stock options 358 106
Repayment of short-term borrowings (3,000)  
Payment of cash dividends (3,394) (2,569)
Net cash (used in) provided by financing activities (40,075) 32,800
Net (decrease) increase in cash and cash equivalents (200,957) 29,373
Cash and cash equivalents, beginning of period 344,092 122,403
Cash and cash equivalents, end of period 143,135 151,776
Supplemental disclosures of cash flow information:    
Interest paid 741 487
Income taxes paid 1,375 1,000
Supplemental schedule of non-cash investing activity:    
Transfer of loans held-for-sale to loan portfolio 2,791  
Loans transferred to foreclosed assets $ 49 $ 1,236