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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net (loss) earnings $ (2,923) $ 4,842
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:    
Depreciation 2,933 2,964
Accretion of purchase accounting adjustments (101) (353)
Provision for loan losses 15,300 5,100
Deferred tax benefit (1,057) (330)
Amortization of premiums on securities, net 1,390 1,407
Stock-based compensation expense 66 123
Net excess tax benefit from stock-based compensation (357) (148)
ESOP compensation expense 50 (66)
Net gain on sale of investment securities (9) (20)
Net loss on sale of other real estate owned 4 37
Net write down of other real estate owned 83 130
Writedown of assets held for sale 570 0
Net loss (gain) on sale/disposal of premises and equipment 12 (7)
Change in accrued interest receivable 364 109
Change in accrued interest payable 3 (13)
Change in other assets & other liabilities, net (2,874) 5,194
Net cash provided by operating activities 13,454 18,969
Cash flows from investing activities:    
Proceeds from maturities and calls of securities available-for-sale 28,100 32,205
Proceeds from maturities and calls of securities held-to-maturity 9,431 6,861
Proceeds from sale of securities available-for-sale 6,965 6,803
Proceeds from sale of security held-to-maturity 887 0
Purchases of securities available-for-sale (39,172) (35,123)
Proceeds from Sale of Other Investments 57 600
Purchases of other investments (368) (448)
Net change in loans 28,616 (1,062)
Purchases of premises and equipment (1,662) (2,360)
Proceeds from sale of premises and equipment 249 40
Proceeds from sale of other real estate owned 1,611 1,458
Net cash provided by investing activities 34,714 8,974
Cash flows from financing activities:    
Change in deposits (43,210) 9,240
Change in securities sold under agreements to repurchase (3,662) (171)
Borrowings on Federal Home Loan Bank advances 0 25,000
Repayments of Federal Home Loan Bank advances (35) (50,033)
Proceeds from exercise of stock options 266 0
Proceeds from Issuance of Common Stock 51,975 0
Payments of Stock Issuance Costs (622) 0
Payment of dividends on preferred stock (1,622) (598)
Payment of dividends on common stock (2,049) (2,047)
Net cash provided by (used in) financing activities 1,041 (18,609)
Net increase in cash and cash equivalents 49,209 9,334
Cash and cash equivalents, beginning of period 82,228 89,201
Cash and cash equivalents, end of period 131,437 98,535
Supplemental cash flow information:    
Interest paid 2,975 2,831
Income taxes paid 2,500 1,963
Noncash investing and financing activities:    
Transfer of loans to other real estate 910 173
Change in accrued common stock dividends 418 0
Change in accrued preferred stock dividends 0 640
Net change in loan to ESOP $ 219 $ (114)