| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
33,878 | 14,139 | 15,872 | 17,217 | - | - | - | - | - | - |
Net income | |||||||||
- | - | - | - | 12,745 | 9,528 | 6,179 | 5,579 | 3,958 | -1,268 |
Adjustments to reconcile net income to net cash from operating activities | |||||||||
Security amortization, net | |||||||||
-1,185 | -1,171 | -1,263 | -1,383 | -1,410 | -1,491 | -1,633 | - | - | - |
Security amortization, net | |||||||||
- | - | - | - | - | - | - | 1,987 | 2,195 | -2,590 |
Depreciation | |||||||||
2,240 | 1,515 | 1,249 | 1,257 | 1,193 | 1,176 | 1,334 | 1,493 | 1,551 | 1,590 |
Loss on sale of fixed assets | |||||||||
- | - | - | - | - | - | - | - | - | -79 |
Amortization of core deposit intangible | |||||||||
945 | 366 | 586 | 699 | 711 | 769 | 846 | 974 | 1,162 | 1,218 |
Amortization of net deferred loan fees | |||||||||
-99 | -166 | -317 | 172 | 155 | 123 | 112 | -332 | - | - |
Net (gain) loss on sale of securities | |||||||||
32 | -413 | 12 | 19 | - | - | - | - | - | - |
Net gain on equity securities | |||||||||
121 | 26 | - | - | - | - | - | - | - | - |
Net (gain) loss on sale of securities | |||||||||
- | - | - | - | -18 | 113 | 204 | 40 | -8 | 212 |
Provision for loan losses | |||||||||
1,035 | 780 | - | -1,300 | 1,200 | 1,500 | 1,100 | 6,400 | - | - |
Provision for loan losses | |||||||||
- | - | - | - | - | - | - | - | 9,800 | 17,940 |
Loans originated for sale | |||||||||
126,690 | 78,252 | 76,493 | 67,295 | 48,745 | 31,206 | 49,978 | 46,894 | 8,852 | - |
Proceeds from sale of loans | |||||||||
128,503 | 81,085 | 78,309 | 69,475 | 49,637 | 29,893 | 52,166 | 46,243 | 8,393 | - |
Net gain on sale of loans | |||||||||
2,707 | 1,621 | 1,745 | 1,750 | 1,180 | 659 | 753 | - | - | - |
Net loss on sale of manufactured home loans | |||||||||
- | - | - | - | -74 | - | - | - | - | - |
Net gain on sale of loans | |||||||||
- | - | - | - | - | - | - | 624 | 139 | 3 |
Net (gain) loss on sale of other real estate owned | |||||||||
- | 18 | -28 | 152 | 199 | 44 | 120 | 118 | -425 | -320 |
(Gain) loss on sale of fixed assets | |||||||||
-33 | 147 | 67 | 1 | - | 60 | 107 | 0 | - | - |
Impairment on investment security | |||||||||
- | - | - | - | - | - | - | - | - | 575 |
Increase in cash surrender value of bank owned life insurance | |||||||||
1,007 | 718 | 573 | 563 | 467 | 492 | 555 | 627 | 643 | 472 |
Decrease in prepaid FDIC Premium | |||||||||
- | - | - | - | - | - | -1,775 | -780 | - | - |
Share-based compensation | |||||||||
531 | 428 | 426 | 323 | 106 | - | - | - | - | - |
Prepaid FDIC Premium | |||||||||
- | - | - | - | - | - | - | - | -1,163 | - |
Prepaid FDIC Premium | |||||||||
- | - | - | - | - | - | - | - | - | -1,450 |
Net deferred loan fees | |||||||||
- | - | - | - | - | - | - | - | -529 | -270 |
Change in Accrued interest payable | |||||||||
47 | -197 | 229 | 61 | -11 | -30 | -29 | -73 | -104 | -104 |
Accrued interest receivable | |||||||||
370 | 1,285 | 634 | -48 | -144 | -29 | 172 | -78 | -595 | -1,043 |
Deferred taxes | |||||||||
-663 | -151 | -946 | -170 | 410 | - | - | - | - | - |
Deferred taxes | |||||||||
- | - | - | - | - | 11 | 1,362 | 330 | -366 | -2,642 |
Other, net | |||||||||
1,294 | 2,007 | 1,118 | -1,672 | -998 | 3,216 | -1,554 | 1,073 | 1,170 | -883 |
Net cash from operating activities | |||||||||
39,526 | 19,957 | 20,819 | 17,709 | 15,073 | 14,886 | 12,811 | 16,893 | 20,845 | 21,491 |
Cash flows used for investing activities: | |||||||||
Maturities and calls of securities, available-for-sale | |||||||||
54,055 | 42,114 | 34,379 | 34,089 | 29,733 | 45,743 | 50,184 | 63,421 | 61,092 | 94,649 |
Purchases of securities, available-for-sale | |||||||||
71,646 | 131,924 | 70,794 | 41,759 | - | - | - | - | - | - |
Sale of securities available for sale | |||||||||
17,570 | 14,667 | 953 | 4,349 | - | - | - | - | - | - |
Sale of securities, available for sale | |||||||||
- | - | - | - | - | 18,088 | 8,686 | 12,982 | 310 | 4,525 |
Purchases of securities, available-for-sale | |||||||||
- | - | - | - | 29,772 | 58,367 | 64,295 | 77,090 | 76,765 | 79,849 |
Redemption of other securities | |||||||||
- | - | - | - | 138 | 3,009 | - | - | - | - |
Purchases of other securities | |||||||||
- | 3,247 | 192 | 603 | 288 | 171 | - | - | - | - |
Redemption of other securities | |||||||||
741 | - | - | - | - | - | - | - | - | - |
Acquisition, net of cash acquired | |||||||||
- | -143,797 | - | - | - | - | - | - | - | - |
Redemption of Federal Reserve stock | |||||||||
- | - | - | - | - | - | 143 | 6 | 83 | 110 |
Purchase of Federal Reserve stock | |||||||||
- | - | - | - | - | - | - | 185 | 127 | 72 |
Purchases of bank owned life insurance | |||||||||
- | - | - | 3,885 | - | - | - | - | - | - |
Purchase of bank owned life insurance | |||||||||
955 | - | - | - | - | - | - | - | 5,000 | - |
Net loan originations | |||||||||
147,075 | 99,277 | 109,737 | 52,022 | 10,225 | 53,562 | 48,272 | 39,138 | 29,965 | - |
Proceeds from sale of premises and equipment | |||||||||
2 | 1,190 | 139 | 3 | - | 1,282 | 118 | 20 | 2 | 1,176 |
Loans purchased, installment | |||||||||
- | - | - | 1,643 | 4,774 | 4,382 | 1,898 | - | - | - |
Proceeds from sale of manufactured homes | |||||||||
- | - | - | - | 3,492 | - | - | - | - | - |
Net loan (originations) repayments | |||||||||
- | - | - | - | - | - | - | - | - | -10,351 |
Proceeds from sale of OREO properties | |||||||||
- | 34 | 87 | 333 | 865 | 349 | 699 | 1,349 | 1,326 | 1,149 |
Premises and equipment purchases | |||||||||
3,201 | 1,472 | 1,015 | 2,437 | 1,999 | 485 | 1,155 | 905 | 1,244 | 1,193 |
Net cash used for investing activities | |||||||||
-150,509 | -34,118 | -146,180 | -63,575 | - | - | - | -39,540 | -50,288 | 30,846 |
Cash flows from financing activities: | |||||||||
Net change in short-term FHLB advances | |||||||||
87,100 | -131,700 | -25,900 | 22,700 | -11,000 | -42,700 | - | - | - | 5,000 |
Increase in deposits | |||||||||
98,871 | -100,974 | 83,820 | 69,070 | -3,754 | 26,443 | 16,086 | 25,143 | 8,783 | 36,411 |
Net cash provided (used) for investing activities | |||||||||
- | - | - | - | -11,904 | -48,496 | -55,790 | - | - | - |
Repayment of long-term FHLB advances | |||||||||
5,000 | 10,000 | 2,500 | - | 5,000 | 30,226 | 2,535 | 10,034 | 22,532 | 30,037 |
Proceeds from long-term FHLB advances | |||||||||
125,000 | - | - | - | - | 15,000 | - | - | 22,500 | - |
Net proceeds from issuance of common stock | |||||||||
- | - | 32,821 | - | - | - | - | - | - | - |
Increase (decrease) in securities sold under repurchase agreements | |||||||||
-3,525 | 444 | -7,170 | 3,885 | 3,427 | 1,560 | -3,166 | 4,190 | -2,813 | -78 |
Purchase of treasury shares | |||||||||
3,909 | - | 4 | - | - | - | - | - | - | - |
Cash payment for redemption of series B preferred stock | |||||||||
402 | - | - | - | - | 22,857 | - | - | - | - |
Cash paid on fractional shares on preferred stock conversion | |||||||||
2 | - | - | 1 | - | - | - | - | - | - |
Common dividends paid | |||||||||
7,194 | 4,749 | 3,682 | 3,254 | 3,139 | 3,338 | 2,315 | - | - | - |
Repurchase of common stock warrant from US Treasury | |||||||||
- | - | - | - | - | - | - | 564 | - | - |
Decrease in U.S. Treasury interest-bearing notes payable | |||||||||
- | - | - | - | - | - | - | - | 2,008 | 386 |
Preferred dividends paid | |||||||||
- | - | - | - | - | - | - | 2,084 | 1,390 | 1,159 |
Net proceeds from issuance of preferred stock | |||||||||
- | - | - | - | - | - | 23,132 | - | - | - |
Net cash provided by financing activities | |||||||||
- | - | - | - | 2,534 | 29,282 | 31,202 | - | - | - |
Net proceeds from issuance of preferred stock | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Net cash provided by financing activities | |||||||||
116,739 | 16,421 | 129,185 | 47,000 | - | - | - | 16,651 | 2,540 | -249 |
Increase in cash and due from financial institutions | |||||||||
5,756 | 2,260 | 3,824 | - | - | - | - | - | - | - |
Increase in cash and due from financial institutions | |||||||||
- | - | - | 1,134 | 5,703 | -4,328 | -11,777 | -5,996 | -26,903 | 52,088 |
Cash paid during the period for: | |||||||||
Interest | |||||||||
12,907 | 7,751 | 3,863 | 3,247 | - | - | - | - | - | - |
Interest | |||||||||
- | - | - | - | 3,320 | 4,134 | 4,936 | 6,257 | 7,604 | 10,568 |
Income taxes | |||||||||
5,700 | 1,600 | 5,950 | 5,900 | 3,650 | 1,745 | 1,010 | 400 | 1,600 | 650 |
Supplemental cash flow information: | |||||||||
Transfer of loans from portfolio to other real estate owned | |||||||||
- | - | 94 | 102 | 222 | 691 | 280 | 606 | - | - |
Transfer of premises to held-for-sale | |||||||||
76 | - | 3 | 202 | - | - | - | - | - | - |
Transfer of loans held-for-sale to portfolio | |||||||||
- | 85 | - | - | - | - | - | - | - | - |
Securities purchased not settled | |||||||||
1,200 | 500 | 1,291 | - | - | - | - | - | - | - |
Transfer of loans from portfolio to held for sale | |||||||||
- | - | - | - | - | - | 4,756 | 0 | - | - |
Conversion of preferred stock to common stock | |||||||||
8,960 | 7,994 | 1,592 | 3,323 | 859 | - | - | - | - | - |
Acquisition of UCB | |||||||||
Consideration paid | |||||||||
- | 117,344 | - | - | - | - | - | - | - | - |
Transfer of loans from portfolio to other real estate owned | |||||||||
- | - | - | - | - | - | - | - | 1,180 | 1,431 |
Noncash assets acquired: | |||||||||
Securities available for sale | |||||||||
- | 43,214 | - | - | - | - | - | - | - | - |
Equity securities | |||||||||
- | 212 | - | - | - | - | - | - | - | - |
Loans held for sale | |||||||||
- | 492 | - | - | - | - | - | - | - | - |
Loans receivable | |||||||||
- | 298,319 | - | - | 76,444 | - | - | - | - | - |
FHLB Stock | |||||||||
- | 3,527 | - | - | - | - | - | - | - | - |
Other securities | |||||||||
- | - | - | - | 716 | - | - | - | - | - |
Accrued interest receivable | |||||||||
- | 950 | - | - | 194 | - | - | - | - | - |
Premises and equipment, net | |||||||||
- | 5,291 | - | - | 1,738 | - | - | - | - | - |
Goodwill | |||||||||
- | 49,756 | - | - | - | - | - | - | - | - |
Core deposit intangible | |||||||||
- | 7,518 | - | - | 1,009 | - | - | - | - | - |
Bank owned life insurance | |||||||||
- | 17,193 | - | - | - | - | - | - | - | - |
Other assets | |||||||||
- | 10,361 | - | - | 472 | - | - | - | - | - |
Total non cash assets acquired | |||||||||
- | 436,833 | - | - | 80,573 | - | - | - | - | - |
Liabilities assumed: | |||||||||
Deposits | |||||||||
- | 475,944 | - | - | 86,869 | - | - | - | - | - |
Other liabilities | |||||||||
- | 17 | - | - | 5 | - | - | - | - | - |
Total liabilities assumed | |||||||||
- | 475,961 | - | - | 86,874 | - | - | - | - | - |
Net noncash liabilities acquired | |||||||||
- | -39,128 | - | - | 6,301 | - | - | - | - | - |
Cash acquired | |||||||||
- | 156,472 | - | - | 926 | - | - | - | - | - |