XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income $ 16,506 $ 10,965
Adjustments to reconcile net income to cash provided by (used for) operating activities:    
Provision for loan losses 1,300 1,500
Depreciation and other amortization 1,303 1,053
Accretion and amortization of securities discounts and premium, net 341 422
(Gain) loss on sale of investment securities available for sale 1 (2)
(Gain) loss on sale of real estate owned (7) 3
(Gain) loss on disposal of fixed assets 50
Write-down of real estate owned 7
Compensation expense related to stock options and grants 1,108 989
Gain on sale of loans held for sale (4,093) (4,520)
Loans originated and held for sale (161,272) (144,622)
Proceeds from sale of loans held for sale 167,857 147,819
Increase in cash surrender value of bank owned life insurance (662) (590)
Increase in deferred tax asset (3,906) (2,472)
Increase in other assets, net (296) (72)
Increase in other liabilities 6,164 3,773
Net cash provided by operating activities 24,344 14,303
Increase (decrease) in cash realized from:    
Origination of loans, net (233,814) (165,160)
Purchase of property and equipment (1,739) (4,290)
Purchase of investment securities:    
Available for sale (13,903) (20,675)
Other (6,782) (1,811)
Payments and maturities, calls and repayments of investment securities:    
Available for sale 6,962 6,918
Other 6,315 4,489
Proceeds from sale of investment securities available for sale 5,841
Purchase of life insurance policies (6,850)
Proceeds from sale of real estate owned 132 498
Net cash used for investing activities (236,988) (186,881)
Increase (decrease) in cash realized from:    
Increase in deposits, net 208,360 251,426
Increase (decrease) in Federal Home Loan Bank advances and other borrowings 1,300 (76,000)
Proceeds from issuance of common stock 24,758
Proceeds from the exercise of stock options and warrants 810 454
Net cash provided by financing activities 210,470 200,638
Net (decrease) increase in cash and cash equivalents (2,174) 28,060
Cash and cash equivalents at beginning of the period 92,165 46,552
Cash and cash equivalents at end of the period 89,991 74,612
Cash paid for    
Interest 10,824 7,404
Income taxes 3,906 5,490
Schedule of non-cash transactions    
Real estate acquired in settlement of loans 289
Unrealized gain (loss) on securities, net of income taxes $ (1,167) $ 413