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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net earnings (loss) $ (1,257) $ 7,240
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:    
Depreciation 4,345 4,431
Accretion of purchase accounting adjustments (180) (569)
Provision for loan losses 19,600 8,000
Deferred tax benefit (704) (781)
Amortization of premiums on securities, net 2,128 2,170
Stock-based compensation expense 85 165
Net excess tax benefit from stock-based compensation 379 258
ESOP compensation expense 50 (88)
Net gain on sale of investment securities (347) (20)
Net (gain) loss on sale of other real estate owned (15) 56
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 648 (6)
Change in accrued interest receivable (121) (568)
Change in accrued interest payable (12) (42)
Change in other assets & other liabilities, net (3,236) 1,152
Net cash provided by operating activities 22,016 21,528
Cash flows from investing activities:    
Proceeds from maturities and calls of securities available-for-sale 42,585 47,547
Proceeds from maturities and calls of securities held-to-maturity 12,940 12,629
Proceeds from sale of securities available-for-sale 16,979 6,803
Proceeds from sale of security held-to-maturity 887 0
Purchases of securities available-for-sale (42,172) (49,538)
Proceeds from Sale of Other Investments 57 600
Purchases of other investments (902) (751)
Net change in loans 28,649 (12,736)
Purchases of premises and equipment (2,940) (5,152)
Proceeds from sale of premises and equipment 249 54
Proceeds from sale of other real estate owned 1,728 2,374
Net cash provided by investing activities 58,060 1,830
Cash flows from financing activities:    
Change in deposits (23,495) 34,385
Change in securities sold under agreements to repurchase (39,586) 9,253
Borrowings on Federal Home Loan Bank advances 25,000 25,000
Repayments of Federal Home Loan Bank advances (12,546) (50,050)
Proceeds from exercise of stock options 266 0
Proceeds from Issuance of Common Stock 57,834 0
Payments of Stock Issuance Costs (683) 0
Payment of dividends on preferred stock (2,433) (1,409)
Payment of dividends on common stock (3,538) (3,071)
Net cash provided by financing activities 819 14,108
Net increase in cash and cash equivalents 80,895 37,466
Cash and cash equivalents, beginning of period 82,228 89,201
Cash and cash equivalents, end of period 163,123 126,667
Supplemental cash flow information:    
Interest paid 4,555 4,274
Income taxes paid 2,500 2,853
Noncash investing and financing activities:    
Transfer of loans to other real estate 1,552 690
Change in accrued common stock dividends (859) 0
Change in accrued preferred stock dividends (1) 640
Net change in loan to ESOP $ 266 $ (249)