| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net Income | ||||||
31,403 | 26,920 | 16,889 | 13,215 | |||
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | ||||||
Net Amortization on Securities Available for Sale | ||||||
-2,523 | -3,028 | -2,779 | -1,997 | |||
Net (Gain) Loss on Sales of Securities Available for Sale | ||||||
516 | -125 | -250 | 830 | |||
Provision for Loan Losses | ||||||
2,700 | 3,575 | 4,175 | 3,250 | |||
Depreciation and Amortization of Premises and Equipment | ||||||
1,008 | 761 | 694 | 586 | |||
Loss on Sale of Premises and Equipment | ||||||
-9 | - | - | - | |||
Amortization of Other Intangible Assets | ||||||
191 | 191 | 191 | 104 | |||
Amortization of Subordinated Debt Issuance Costs | ||||||
103 | 103 | 43 | - | |||
Net (Gain) Loss on Sale of Foreclosed Assets | ||||||
69 | -225 | 356 | -30 | |||
Stock-based Compensation | ||||||
752 | 799 | 368 | 222 | |||
Deferred Income Taxes | ||||||
-747 | -1,298 | -2,062 | -1,070 | |||
Changes in Operating Assets and Liabilities: | ||||||
Accrued Interest Receivable and Other Assets | ||||||
-529 | 7,627 | 122 | 2,144 | |||
Accrued Interest Payable and Other Liabilities | ||||||
1,641 | 2,606 | 2,053 | -429 | |||
Net Cash Provided by (Used for) Operating Activities | ||||||
39,527 | 29,408 | 24,902 | 14,931 | |||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
(Increase) Decrease in Bank-owned Certificates of Deposit | ||||||
651 | -233 | 1,627 | 6,753 | |||
Proceeds from Sales of Securities Available for Sale | ||||||
42,864 | 24,684 | 36,209 | 34,250 | |||
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale | ||||||
41,118 | 22,965 | 23,411 | 21,995 | |||
Purchases of Securities Available for Sale | ||||||
98,817 | 78,368 | 68,453 | 173,340 | |||
Proceeds from Sale of Premises and Equipment | ||||||
1 | - | - | - | |||
Net Increase in Loans | ||||||
247,573 | 317,453 | 346,231 | 176,383 | |||
Net (Increase) Decrease in FHLB Stock | ||||||
210 | 2,467 | 157 | 1,710 | |||
Purchases of Premises and Equipment | ||||||
15,572 | 3,720 | 1,235 | 2,191 | |||
Proceeds from Sales of Foreclosed Assets | ||||||
1,327 | 356 | 4,647 | 115 | |||
Cash Received, Net of Cash Paid for Acquisition | ||||||
- | - | - | -24,415 | |||
Net Cash Used in Investing Activities | ||||||
-276,211 | -354,236 | -350,182 | -266,096 | |||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Increase in Deposits | ||||||
262,376 | 221,584 | 315,842 | 195,679 | |||
Net Decrease in Federal Funds Purchased | ||||||
18,000 | 5,000 | 21,000 | -31,000 | |||
Proceeds from Notes Payable | ||||||
- | - | - | 20,000 | |||
Principal Payments on Notes Payable | ||||||
2,000 | 2,000 | 2,000 | 17,042 | |||
Proceeds from FHLB Advances | ||||||
42,500 | 70,000 | 29,000 | - | |||
Principal Payments on FHLB Advances | ||||||
30,000 | 14,000 | 14,000 | - | |||
Proceeds from Issuance of Subordinated Debentures | ||||||
- | - | 24,484 | - | |||
Principal Payments on Subordinated Debentures | ||||||
- | - | - | 1,500 | |||
Stock Options Exercised | ||||||
258 | 106 | 180 | 100 | |||
Issuance of Common Stock | ||||||
- | 58,857 | - | 26,046 | |||
Stock Repurchases | ||||||
14,959 | - | - | 192 | |||
Net Cash Provided by Financing Activities | ||||||
240,175 | 329,547 | 332,506 | 254,091 | |||
NET CHANGE IN CASH AND CASH EQUIVALENTS | ||||||
3,491 | 4,719 | 7,226 | 2,926 | |||
SUPPLEMENTAL CASH FLOW DISCLOSURE | ||||||
Cash Paid for Interest | ||||||
29,367 | 19,987 | 11,334 | 8,444 | |||
Cash Paid for Income Taxes | ||||||
7,625 | 7,865 | 12,110 | 10,103 | |||
Loans Transferred to Foreclosed Assets | ||||||
1,258 | - | 689 | 3,601 | |||
Investment Securities Purchased but Not Settled | ||||||
14,673 | - | - | - | |||