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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net income $ 17,123 $ 13,573
Items not requiring cash    
Provision for loan losses 1,375 1,520
Depreciation and amortization 4,969 4,209
Deferred income tax 385 366
Increase in cash value of life insurance (939) (924)
Net accretion of purchase accounting adjustments (34) (134)
Loans originated for sale (147,009) (86,800)
Proceeds from sales of loans held for sale 135,410 85,846
Net gain on sale of loans (4,149) (2,224)
Net gain on sale of securities, available for sale (975) (666)
Gain on bank owned life insurance   (327)
Loss on sale of other real estate and repossessed assets 30 34
Change in    
Interest receivable and other assets 3,249 1,280
Interest payable and other liabilities (1,391) 528
Other adjustments 150 75
Net cash provided by operating activities 8,194 16,356
Investing Activities    
Net change in interest-bearing time deposits 216 6,364
Purchases of securities, available for sale (56,233) (87,195)
Proceeds from maturities and paydowns of securities, available for sale 28,704 23,569
Proceeds from sales of securities, available for sale 29,939 57,689
Purchase of Federal Home Loan Bank stock (81)  
Net change in loans (32,496) (44,357)
Net cash and cash equivalents paid in acquisition   (7,673)
Proceeds from sales of portfolio loans 26,624  
Purchases of premises and equipment (946) (907)
Proceeds from sale of real estate owned and repossessed assets 2,332 1,562
Proceeds from bank owned life insurance   1,669
Proceeds from sale of premises and equipment 375 67
Net cash used in investing activities (1,566) (49,212)
Net change in    
Noninterest-bearing, interest-bearing demand and savings deposits 36,486 (21,888)
Certificates of deposit 17,260 35,730
Proceeds from FHLB advances 298,500 367,000
Repayments of FHLB advances (351,419) (348,608)
Proceeds from other borrowings   10,000
Repayments of other borrowings (410) (335)
Cash dividends (5,139) (4,633)
Stock options exercised 257 121
Stock repurchased (4,262)  
Net cash provided by (used in) financing activities (8,727) 37,387
Net Change in Cash and Cash Equivalents (2,099) 4,531
Cash and Cash Equivalents, Beginning of Period 33,414 27,341
Cash and Cash Equivalents, End of Period 31,315 31,872
Additional Cash Flows Information    
Interest paid 16,305 11,145
Income tax paid 1,500 350
Transfers from loans to loans held for sale 26,937  
Transfers from loans to foreclosed assets 2,011 1,359
Mortgage servicing rights capitalized 405 321
Right of use assets obtained in exchange for lease obligations $ 3,603  
Fair value of assets acquired   406,858
Cash paid in acquisition   (18,999)
Common stock issued   (42,323)
Liabilities assumed   $ 345,536