XML 19 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Cash flows from operating activities          
Net earnings $ 5,091 $ 4,139 $ 14,084 $ 11,631  
Adjustments to reconcile net earnings to net cash provided from operating activities:          
Depreciation     2,457 2,385  
Amortization     881 782  
Deferred taxes     577 (214)  
Premium amortization, net of discount accretion     3,247 3,581  
Net realized gain on securities transactions (1) 0 50 (25)  
Gain on sale of loans (637) (589) (1,871) (1,490)  
Provision for loan losses 500 800 1,750 2,250 $ 2,850
Origination of loans held for sale     (56,276) (50,230)  
Proceeds from loans held for sale     59,217 50,883  
Write-down of other real estate and repossessed assets     392 9  
Net loss on sale of premises, equipment, other real estate owned and other assets     478 111  
Stock based compensation     378 247  
Net change in accrued interest receivable and other assets     (5,170) 1,680  
Net change in accrued interest payable and other liabilities     1,768 1,624  
Net cash provided by operating activities     21,962 23,224  
Securities available for sale:          
Purchases     (124,914) (313,177)  
Proceeds from sales     111,813 213,813  
Proceeds from maturities and principal repayments     20,697 18,925  
Securities held to maturity:          
Proceeds from sales   0 0 923  
Proceeds from maturities and principal repayments     8,184 7,497  
Cash paid in connection with acquisitions     (6,423) 0  
Cash received from acquired banks     24,927 0  
Net purchases of premises and equipment     (2,924) (1,678)  
Net proceeds from sale of premises, equipment, other real estate owned and other assets     1,898 1,830  
Net increase in loans     (138,024) (64,438)  
Net cash used in investing activities     (104,766) (136,305)  
Cash flows from financing activities          
Net change in deposits     (20,402) 40,511  
Net change in securities sold under agreements to repurchase     (1,772) 2,061  
Proceeds from FHLB advances     325,000 60,000  
Repayment of FHLB advances     (251,513) (50,013)  
Proceeds from other debt     0 2,000  
Repayment of other debt     0 (20,286)  
Repayments of debentures     (1,000) (5,500)  
Purchase of treasury stock     (9) 0  
Exercise of stock options     140 84  
Sale of common stock     0 55,755  
Cash dividends     (5,017) (4,013)  
Net cash provided by financing activities     45,427 80,599  
Net change in cash and cash equivalents     (37,377) (32,482)  
Cash and cash equivalents at beginning of period     91,428 127,543 127,543
Cash and cash equivalents at end of period $ 54,051 $ 95,061 54,051 95,061 $ 91,428
Supplemental disclosures of cash flow information          
Interest paid     13,137 8,958  
Income taxes paid     4,008 4,910  
Supplemental schedule of noncash investing and financing activities          
Transfer loans to other real estate owned and repossessed assets     591 992  
Common stock issued in acquisitions     29,568 0  
Transfer of KSOP shares     0 34,300  
Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income     486 0  
Net change in fair value of KSOP shares     $ 0 $ 2,639