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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 5,619 $ 3,388
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,081 973
Amortization (accretion) of premium (discount) on securities, net 797 803
Amortization of purchase accounting adjustments (160) (282)
Provision for loan losses 1,500 1,198
Provision for other real estate owned 54 208
Gain on sale of securities (468) (228)
Loss (gain) on sale of other real estate owned 141 (238)
FHLB stock dividend (10) (6)
Stock-based compensation 281 155
Other 11 (3)
Loans held for sale:    
Originations (287,512) (147,404)
Proceeds from sales 339,086 100,494
Gain on sale of loans (3,831) (2,801)
Net change in:    
Accrued interest receivable (125) (142)
Deferred tax asset (433) (124)
Other assets (20) (87)
Accrued taxes and other liabilities 6,148 4,483
Net cash provided by (used in) operating activities 62,159 (39,613)
Cash flows from investing activities:    
Purchases of investment securities available for sale (50,255) (51,453)
Purchases of investment securities held to maturity (5,623) (8,548)
Proceeds from the sale of investment securities available for sale 27,053 23,088
Proceeds from paydowns, redemptions and maturities of securities available for sale 8,479 6,767
Proceeds from paydowns, redemptions and maturities of securities held to maturity 582 142
Proceeds from sale of loans   105,241
Proceeds from redemptions of other equity securities 5,356 1,376
Purchases of other equity securities (4,679) (2,534)
Net increase in loans (88,272) (181,937)
Proceeds from sales of other real estate owned 1,726 1,285
Proceeds from sales of premises, equipment and software   3
Purchases of premises, equipment and software (2,429) (4,112)
Net cash used in investing activities (108,062) (110,682)
Cash flows from financing activities:    
Net increase in customer deposits 102,395 89,115
Net increase in repurchase agreements 22,356 1,848
Net (decrease) increase in short-term FHLB advances (70,639) 4,104
Proceeds from long-term FHLB advances 3,000 6,000
Repayment of long-term FHLB advances (10,246) (2,496)
Cash dividends paid on common stock (162) (145)
Proceeds from issuance of common stock in initial public offering   42,683
Repurchase of common stock (572)  
Proceeds from stock options exercised 135  
Proceeds from stock warrants exercised   210
Net cash provided by financing activities 46,267 141,319
Net increase (decrease) in cash and cash equivalents 364 (8,976)
Cash and cash equivalents, beginning of period 19,512 28,203
Cash and cash equivalents, end of period $ 19,876 $ 19,227