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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net income $ 7,315 $ 4,643
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for loan losses 2,500 3,275
Depreciation and other amortization 990 901
Accretion and amortization of securities discounts and premium, net 237 291
Gain loss on sale of investment securities available for sale (297) (230)
(Gain) loss on sale of real estate owned (66) 13
Write-down of real estate owned 787 20
Compensation expense related to stock options and grants 570 469
Gain on sale of loans held for sale (3,816) (1,700)
Loans originated and held for sale (162,352) (71,733)
Proceeds from sale of loans held for sale 167,046 67,672
Increase in cash surrender value of bank owned life insurance (498) (498)
Increase in deferred tax asset (562) (954)
Decrease in other assets, net 41 8
Decrease in other liabilities 623 854
Net cash provided by operating activities 12,518 3,031
Increase (decrease) in cash realized from:    
Origination of loans, net (123,014) (103,836)
Purchase of property and equipment (3,606) (2,111)
Purchase of investment securities:    
Available for sale (25,096) (2,073)
Other (149) (900)
Payments and maturity of investment securities:    
Available for sale 3,446 3,609
Other 1,140 $ 494
Purchase of bank owned life insurance (2,000)
Proceeds from sale of investment securities available for sale 10,362 $ 10,977
Proceeds from sale of real estate owned 272 203
Net cash used for investing activities (138,645) (93,637)
Increase (decrease) in cash realized from:    
Increase in deposits, net $ 155,011 92,441
Increase in other borrowings $ 15,500
Decrease in Federal Home Loan Bank advances and other borrowings $ (20,000)
Cash dividend on preferred stock $ (687)
Redemption of preferred stock (4,057)
Issuance of common stock 5,950
Proceeds from the exercise of stock options and warrants $ 189 287
Net cash provided by financing activities 135,200 109,434
Net increase in cash and cash equivalents 9,073 18,828
Cash and cash equivalents at beginning of the period 41,264 39,203
Cash and cash equivalents at end of the period 50,337 58,031
Cash paid for    
Interest 5,451 4,946
Income taxes 4,550 3,140
Schedule of non-cash transactions    
Real estate acquired in settlement of loans 343 2,587
Unrealized gain on securities, net of income taxes $ 180 $ 1,474