| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||
Net Income (Loss) Attributable to Parent | |||||||||
23,324 | 16,303 | 11,905 | 14,909 | 16,514 | 14,139 | 13,746 | 8,926 | 8,425 | 941 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Deferred income taxes, net | |||||||||
-2,296 | -432 | 1,747 | -1,108 | 1,158 | 1,389 | 2,428 | -1,906 | 1,955 | -2,421 |
Impairment of Tax Credit Investments | |||||||||
4,094 | 2,083 | - | - | - | - | - | - | - | - |
Expense Related to Investment in Historic Rehabilitation Tax Credits | |||||||||
3,600 | 1,633 | - | - | - | - | - | - | - | - |
Investment Tax Credit Impairment Cost | |||||||||
- | - | 2,784 | 3,691 | 0 | 0 | - | - | - | - |
Provision for loan and lease losses | |||||||||
2,085 | 5,492 | 6,172 | 7,818 | 3,386 | 1,236 | -959 | 4,243 | 4,250 | 7,044 |
SBA Recourse Provision | |||||||||
188 | 1,913 | - | - | - | - | - | - | - | - |
Depreciation, amortization and accretion, net | |||||||||
3,049 | 1,477 | 1,562 | 1,515 | -90 | 1,870 | 2,322 | 3,054 | 2,404 | 1,593 |
Share-based compensation | |||||||||
1,566 | 1,004 | 1,078 | 994 | 1,063 | 887 | 660 | 548 | 579 | 523 |
Net loss on sale of securities | |||||||||
-46 | -4 | -403 | 10 | 0 | - | - | - | - | - |
Gain on sale of historic development entity state tax credit | |||||||||
413 | 0 | 210 | 0 | 0 | - | - | - | - | - |
Gain on sale of available-for-sale securities | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Bank Owned Life Insurance Income | |||||||||
1,198 | 1,191 | 1,250 | 974 | 960 | 862 | 845 | 703 | 678 | 663 |
Origination of loans held for sale | |||||||||
61,348 | 91,122 | - | - | - | - | - | - | - | - |
Origination of loans for sale | |||||||||
- | - | 69,966 | 71,965 | 70,254 | 9,392 | 0 | 1,548 | 1,284 | 657 |
Sale of loans originated for sale | |||||||||
62,889 | 89,480 | 70,500 | 78,546 | 77,333 | 6,651 | 0 | 1,695 | 1,290 | 659 |
Gain on sale of loans originated for sale | |||||||||
- | - | - | - | - | - | - | 147 | 6 | 2 |
Gain on sale of SBA loans originated for sale | |||||||||
1,459 | 1,451 | 1,617 | 4,990 | 4,728 | 392 | 0 | - | - | - |
Gains (Losses) on Sales of Other Real Estate | |||||||||
-224 | -367 | 143 | -122 | 171 | 10 | 117 | -585 | -420 | -206 |
Loan servicing right impairment valuation | |||||||||
25 | 69 | 0 | 0 | - | - | - | - | - | - |
Right-of-use asset impairment | |||||||||
299 | 0 | - | - | - | - | - | - | - | - |
Excess tax expense (benefit) from share-based compensation | |||||||||
102 | 46 | 66 | 142 | 0 | 0 | 365 | 107 | 11 | - |
Payments on operating leases | |||||||||
1,527 | 0 | - | - | - | - | - | - | - | - |
Proceeds from Lease Payments | |||||||||
9 | 0 | - | - | - | - | - | - | - | - |
Returns on investments in limited partnerships | |||||||||
- | - | 459 | 250 | 0 | 0 | - | - | - | - |
Goodwill impairment | |||||||||
- | - | - | - | - | - | - | - | - | 2,689 |
Net increase in accrued interest receivable and other assets | |||||||||
15,159 | 4,428 | 2,857 | 3,861 | 1,033 | 5,448 | -2,713 | -646 | -796 | -1,140 |
Net increase in accrued interest payable and other liabilities | |||||||||
14,689 | 5,759 | 1,907 | 1,367 | 1,002 | 1,806 | -3,681 | 712 | -563 | 762 |
Net cash provided by operating activities | |||||||||
28,985 | 25,281 | 22,408 | 26,162 | 23,220 | 11,874 | 15,902 | 15,998 | 17,577 | 11,814 |
Investing activities | |||||||||
Proceeds from maturities, redemptions, and paydowns of available-for-sale securities | |||||||||
30,085 | 33,225 | 38,241 | 43,745 | 42,899 | 44,148 | 62,520 | 56,992 | 44,150 | 42,416 |
Proceeds from maturities, redemptions, and paydowns of held-to-maturity securities | |||||||||
4,969 | 4,860 | 3,808 | 3,882 | 4,349 | 2,211 | 0 | 0 | - | - |
Proceeds from sale of available-for-sale securities | |||||||||
22,452 | 6,207 | 40,144 | 5,227 | 0 | 0 | - | - | - | - |
Purchases of available-for-sale securities | |||||||||
84,740 | 52,763 | 60,399 | 56,356 | 40,721 | 52,947 | 48,048 | 90,407 | 62,000 | 74,259 |
Purchases of held-to-maturity securities | |||||||||
0 | 4,867 | 3,016 | 5,191 | 0 | - | - | - | - | - |
Proceeds from sale of foreclosed properties | |||||||||
0 | 357 | 1,659 | 83 | 528 | 255 | 2,739 | 1,955 | 2,213 | 1,557 |
Payments to priority lien holders of foreclosed properties | |||||||||
- | - | - | - | - | - | - | 367 | 0 | - |
Net increase in loans and leases | |||||||||
100,444 | 122,014 | 59,033 | 22,385 | 155,204 | 299,095 | 70,912 | 65,628 | -16,879 | 30,013 |
Net cash associated with the Alterra Bank acquisition | |||||||||
- | - | - | - | - | 11,957 | 0 | 0 | - | - |
Investments in limited partnerships | |||||||||
1,250 | 188 | 500 | 750 | 0 | 1,000 | 1,250 | 0 | 210 | 450 |
Returns of investments in limited partnerships | |||||||||
2,188 | 729 | 97 | 541 | 459 | 722 | - | - | - | - |
Investment in historic development entities | |||||||||
8,134 | 905 | 5,312 | 3,456 | 578 | - | - | - | - | - |
Distribution from historic development entities | |||||||||
0 | 69 | 0 | 0 | - | - | - | - | - | - |
Proceeds from sale of historic development entity state tax credit | |||||||||
4,340 | 0 | 2,764 | 0 | 0 | - | - | - | - | - |
Investment in community development entity | |||||||||
- | - | - | - | - | 7,500 | 0 | 0 | - | - |
Investments in historic development entities | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Distributions from limited partnerships | |||||||||
- | - | - | - | - | - | 672 | 893 | 81 | 34 |
Investment in Federal Home Loan Bank stock | |||||||||
5,943 | 9,018 | 16,275 | 1,308 | 1,352 | 1,459 | 1,185 | 0 | - | - |
Proceeds from the sale of Federal Home Loan Bank stock | |||||||||
5,230 | 7,448 | 12,736 | 2,020 | 849 | 373 | 1,074 | 1,223 | - | - |
Proceeds from sale of FHLB Stock | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Purchases of leasehold improvements and equipment, net | |||||||||
225 | 969 | 1,242 | 584 | 789 | 3,190 | 531 | 561 | 411 | 131 |
Proceeds from sale of leasehold improvements and equipment, net | |||||||||
- | - | - | - | - | - | 30 | 0 | 46 | - |
Purchases of bank-owned life insurance policies | |||||||||
- | - | 0 | 9,750 | 0 | 3,285 | 0 | 4,000 | 32 | 33 |
Premium payment on bank owned life insurance policies | |||||||||
25 | 24 | 25 | 26 | 25 | 25 | 25 | 25 | - | - |
Proceeds from surrender of bank owned life insurance policies | |||||||||
- | - | - | - | - | - | - | 116 | 0 | - |
Net cash used in investing activities | |||||||||
-131,497 | -137,853 | -46,353 | -44,308 | -149,585 | -332,749 | -54,916 | -99,809 | 716 | -60,879 |
Financing activities | |||||||||
Net (decrease) increase in deposits | |||||||||
75,080 | 60,968 | -144,486 | -38,256 | 139,469 | 308,413 | 37,601 | 40,942 | 63,014 | 3,924 |
Repayment of Federal Home Loan Bank advances | |||||||||
536,500 | 804,100 | 656,916 | 4,500 | 1,000 | 0 | 469 | 13 | 2,012 | 16,011 |
Proceeds from Federal Home Loan Bank advances | |||||||||
557,000 | 895,100 | 806,916 | 30,000 | 0 | 9,383 | 0 | 0 | - | - |
Proceeds from issuance of subordinated notes payable | |||||||||
15,000 | 0 | 9,090 | 0 | 0 | 14,469 | 0 | 6,215 | 0 | - |
Repayment of subordinated notes payable | |||||||||
15,000 | 0 | 7,875 | 0 | 0 | 4,000 | 0 | 33,289 | 0 | - |
Proceeds from (Repayments of) Short-term Debt | |||||||||
- | - | -1,000 | -1,500 | 1,500 | 1,000 | 0 | -800 | 800 | - |
Net increase in long-term borrowed funds | |||||||||
-48 | 60 | -1,901 | 998 | 918 | 675 | 0 | 0 | - | - |
Excess tax benefit from share-based compensation | |||||||||
- | - | - | - | 267 | 584 | 365 | 107 | 11 | - |
Common stock issuance | |||||||||
- | - | - | - | - | 16,557 | 0 | 27,074 | 0 | - |
Cash dividends paid | |||||||||
5,216 | 4,916 | 4,538 | 4,176 | 3,816 | 3,396 | 2,475 | 738 | 729 | 711 |
Exercise of stock options | |||||||||
- | - | - | - | 300 | 936 | 1,474 | 22 | 0 | - |
Purchase of treasury stock | |||||||||
7,248 | 533 | 323 | 467 | 946 | 1,795 | 1,782 | 216 | 103 | 55 |
Net cash provided by financing activities | |||||||||
83,068 | 146,579 | -1,033 | -17,901 | 136,692 | 342,826 | 34,714 | 39,304 | 60,981 | -12,853 |
Net increase (decrease) in cash and cash equivalents | |||||||||
-19,444 | 34,007 | -24,978 | -36,047 | 10,327 | 21,951 | -4,300 | -44,507 | 79,274 | -61,918 |
Supplementary cash flow information | |||||||||
Cash paid during the period for: | |||||||||
Interest paid on deposits and borrowings | |||||||||
32,999 | 22,332 | - | - | - | - | - | - | - | - |
Interest paid on deposits and borrowings | |||||||||
- | - | 14,872 | 14,790 | 13,639 | 11,048 | 12,365 | 17,800 | 21,774 | 25,391 |
Income taxes paid | |||||||||
1,294 | 1,055 | 2,160 | 5,554 | 5,668 | 7,221 | 6,089 | 5,716 | 3,143 | 4,997 |
Transfer of securities from available-for-sale to held-to-maturity | |||||||||
- | - | - | - | - | 44,587 | 0 | 0 | - | - |
Non-cash investing and financing activities: | |||||||||
Transfer of loans from held-to-maturity to held-for-sale | |||||||||
- | - | 12,896 | 11,504 | 4,336 | 0 | 0 | - | - | - |
Unrealized loss on transfer of securities from available-for-sale to held-to-maturity | |||||||||
- | - | - | - | - | 874 | 0 | 0 | - | - |
Foreclosed properties acquired in acquisition, at fair value | |||||||||
- | - | - | - | - | - | 0 | 0 | - | - |
Transfer of loans to foreclosed properties | |||||||||
596 | 2,202 | 0 | 0 | - | - | 1,381 | 1,511 | 3,119 | - |
Transfer from premises and equipment to foreclosed properties | |||||||||
- | - | 1,113 | 0 | 0 | - | - | - | - | - |
Reissuance of treasury stock | |||||||||
- | - | - | - | - | - | - | 77 | 0 | - |
Transfer to foreclosed properties | |||||||||
- | - | - | - | - | - | - | - | - | 1,842 |