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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net income $ 20,661 $ 16,506
Adjustments to reconcile net income to cash provided by (used for) operating activities:    
Provision for loan losses 1,250 1,300
Depreciation and other amortization 1,390 1,303
Accretion and amortization of securities discounts and premium, net 293 341
(Gain) loss on sale of investment securities available for sale (8) 1
Net change in operating leases 534
Compensation expense related to stock options and restricted stock grants 1,260 1,108
Gain on sale of loans held for sale (7,456) (4,093)
Loans originated and held for sale (276,018) (161,272)
Proceeds from sale of loans held for sale 252,085 167,857
Increase in cash surrender value of bank owned life insurance (720) (662)
Increase in deferred tax asset (5,306) (3,906)
Increase in other assets, net (170) (303)
Increase in other liabilities 11,109 6,164
Net cash provided by (used for) operating activities (1,096) 24,344
Increase (decrease) in cash realized from:    
Increase in loans, net (162,259) (233,814)
Purchase of property and equipment (7,658) (1,739)
Purchase of investment securities:    
Available for sale (25,383) (13,903)
Other investments (6,782)
Payments and maturities, calls and repayments of investment securities:    
Available for sale 12,273 6,962
Other investments 814 6,315
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 (187,213) (236,988)
Increase (decrease) in cash realized from:    
Increase in deposits, net 251,159 208,360
Decrease in Federal Home Loan Bank advances and other borrowings, net (25,000) 1,300
Increase in subordinated debt 22,484
Proceeds from the exercise of stock options and warrants 1,316 810
Net cash provided by financing activities 249,959 210,470
Net increase in cash and cash equivalents 61,650 (2,174)
Cash and cash equivalents at beginning of the period 72,873 92,165
Cash and cash equivalents at end of the period 134,523 89,991
Cash paid for    
Interest 18,752 10,824
Income taxes 5,307 3,906
Schedule of non-cash transactions    
Unrealized gain (loss) on securities, net of income taxes 1,347 (1,167)
Right-of-use assets obtained in exchange for lease obligations:    
Operating leases $ 17,290