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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income $ 9,374 $ 10,300 $ 8,987
Adjustments to reconcile net income to net cash from operating activities:      
Stock based compensation 553 531 2,006
Depreciation 1,764 1,672 1,499
Provision for loan losses 2,119 3,047 1,200
Net amortization (accretion) of purchase valuation adjustments 615 (380) (123)
Amortization (accretion) of premiums and discounts on securities 3,049 2,309 1,268
Amortization of intangible assets 419 275 363
Deferred income taxes 909 2,427 963
FHLB stock dividends (657) (407) (43)
Loss (gain) on sales and valuation adjustments on other real estate owned (112) (44) (376)
Net loss (gain) on sales of and settlements of securities (479) (756) (986)
Loss (gain) on disposal of premise and equipment (42) 11 (36)
Loss (gain) on sales of buildings held for sale     (112)
Loss (gain) on sales of branches     20
Loss (gain) on sales of loans (1,198) (903) (717)
Originations of loans held for sale (51,369) (41,407) (31,845)
Proceeds from the sale of loans held for sale 51,241 39,703 32,012
Increase in the value of bank owned life insurance (1,000) (957) (960)
Change in fair value of derivatives recognized in earnings 6 13 33
Gain on acquisition   (682)  
Net change in:      
Interest receivable (544) (751) 176
Other assets 885 (2,551) 3,361
Interest payable and other liabilities 15 2,170 (3,015)
Net cash provided by operating activities 15,548 13,620 13,675
Cash flows (to) from investing activities      
Purchases of available-for-sale securities (56,391) (108,997) (30,266)
Purchases of held-to-maturity securities (134,745) (97,103) (15,343)
Proceeds from sales, calls, pay-downs, and maturities of available-for-sale securities 90,459 60,088 46,638
Proceeds from calls, pay-downs and maturities of held-to-maturity securities 51,439 46,322 35,208
Net change in interest-bearing time deposits in other banks 1,495 750 (2,000)
Net change in loans (73,932) (150,625) (68,566)
Purchase of premises and equipment (2,796) (5,736) (4,676)
Proceeds from sale of premises and equipment 209 15 1,054
Proceeds from sale of buildings held for sale     749
Net redemptions (purchases) of FHLB and FRB stock (1,973) (4,875) (19)
Proceeds from sale of other real estate owned 3,017 2,266 4,368
Purchase of bank owned life insurance (14,500)    
Redemption of bank owned life insurance     30
Net cash transferred in branch sale     (13,755)
Net cash (used in) investing activities (140,689) (266,941) (46,578)
Cash flows (to) from financing activities      
Net increase (decrease) in deposits 39,082 147,952 51,850
Net change in federal funds purchased and retail repurchase agreements (4,150) (4,539) (149)
Net borrowings (repayments) on Federal Home Loan Bank line of credit 114,149 128,895 16,544
Principal repayments on Federal Home Loan Bank term advances (25,221) (36,035) (4,852)
Borrowings on bank stock loan 6,000 5,014 15,540
Principal repayments on bank stock loan (33,218) (1,554) (388)
Proceeds from issuance of common stock, net 23,643 38,945  
Proceeds from exercise of employee stock options 112    
Issuance of employee stock loan   (1,215)  
Principal payments on employee stock loan   973  
Redemption of Series A and Series B preferred stock (16,372)   (15,540)
Purchase of treasury stock     (17,221)
Net change in contractual obligations (589) (53) (990)
Dividends paid on preferred stock (42) (164) (804)
Excess tax benefits as a result of the distribution of common stock in termination of the restricted stock unit plan recognized as an increase in additional paid-in capital   224  
Excess tax benefits as a result of the exercise of employee stock options 13    
Net cash provided by (used in) financing activities 103,407 278,443 43,990
Net change in cash and cash equivalents (21,734) 25,122 11,087
Cash and cash equivalents, beginning of period 56,829 31,707 20,620
Ending cash and cash equivalents 35,095 56,829 31,707
Supplemental cash flow information:      
Interest paid 8,943 6,670 6,294
Income taxes paid, net of refunds 3,212 2,938 1,623
Supplemental noncash disclosures:      
Other real estate owned acquired in settlement of loans 3,006 3,164 1,414
Fair value of securities transferred from held-to-maturity to available-for-sale     6,188
Preferred stock dividends payable at period end   41 41
Deposits transferred in branch sale     17,014
Premises and equipment transferred in branch sale     $ 3,085
First Independence Corporation and Subsidiary [Member]      
Adjustments to reconcile net income to net cash from operating activities:      
Gain on acquisition   (682)  
Cash flows (to) from investing activities      
Net cash paid for acquisition   (9,046)  
Supplemental noncash disclosures:      
Total fair value of assets acquired in purchase of First Independence, net of cash   129,341  
Total fair value of liabilities acquired in purchase of First Independence   119,613  
Community First Bancshares, Inc. [Member]      
Cash flows from operating activities      
Net income 19,815 $ 17,527  
Cash flows (to) from investing activities      
Net cash paid for acquisition (2,971)    
Supplemental noncash disclosures:      
Total fair value of assets acquired in purchase of First Independence, net of cash 462,936    
Total fair value of liabilities acquired in purchase of First Independence $ 419,641