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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net income $ 13,249 $ 10,724
Adjustments to reconcile net income to cash provided by (used for) operating activities:    
Provision for loan losses 600 900
Depreciation and other amortization 913 850
Accretion and amortization of securities discounts and premium, net 182 220
(Gain) loss on sale of investment securities available for sale (6) 1
Gain on sale of fixed assets (8)
Net change in operating leases 492
Compensation expense related to stock options and restricted stock grants 825 717
Gain on sale of loans held for sale (4,411) (2,620)
Loans originated and held for sale (154,785) (109,193)
Proceeds from sale of loans held for sale 143,928 115,528
Increase in cash surrender value of bank owned life insurance (438) (441)
Increase in deferred tax asset (3,323) (2,045)
(Increase) decrease in other assets, net (774) 257
Increase in other liabilities 3,487 3,730
Net cash provided by (used for) operating activities (61) 18,620
Increase (decrease) in cash realized from:    
Increase in loans, net (132,241) (146,700)
Purchase of property and equipment (2,104) (1,328)
Purchase of investment securities:    
Available for sale (5,115) (13,904)
Other investments (2,596)
Payments and maturities, calls and repayments of investment securities:    
Available for sale 5,991 4,227
Other investments 810 3,999
Proceeds from sale of investment securities available for sale 5,841
Proceeds from sale of real estate owned 132
Purchase of life insurance policies (5,000)
Net cash used for investing activities (137,659) (150,329)
Increase (decrease) in cash realized from:    
Increase in deposits, net 205,872 186,859
Decrease in Federal Home Loan Bank advances and other borrowings, net (25,000) (38,600)
Proceeds from the exercise of stock options and warrants 759 638
Net cash provided by financing activities 181,631 148,897
Net increase in cash and cash equivalents 43,911 17,188
Cash and cash equivalents at beginning of the period 72,873 92,165
Cash and cash equivalents at end of the period 116,784 109,353
Cash paid for    
Interest 12,063 6,764
Income taxes 3,323 1,960
Schedule of non-cash transactions    
Unrealized gain (loss) on securities, net of income taxes 1,110 (910)
Right-of-use assets obtained in exchange for lease obligations:    
Operating leases $ 15,395