| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income | ||||||||||
- | - | - | 31,931 | 28,337 | 29,355 | 25,530 | - | - | - | - |
Net income | ||||||||||
48,862 | 39,526 | 33,526 | - | - | - | - | 23,449 | 22,799 | 21,287 | 14,441 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
8,213 | 6,477 | 6,177 | 5,958 | 5,429 | 4,583 | 4,181 | 3,828 | 3,466 | 3,537 | - |
Depreciation and amortization | ||||||||||
- | - | - | - | - | - | - | - | - | - | 4,067 |
Net amortization of premiums on securities | ||||||||||
-2,069 | -2,456 | -3,298 | -3,192 | -3,150 | -3,241 | -4,532 | -5,284 | -5,722 | -3,005 | -2,587 |
Provision for credit losses | ||||||||||
8,044 | 8,934 | 13,361 | 9,638 | 7,381 | 7,789 | 9,079 | 7,128 | 7,780 | 6,687 | 7,702 |
Share-based compensation | ||||||||||
1,406 | 1,301 | 1,174 | 845 | 674 | 471 | 407 | 526 | 1,105 | 1,031 | 854 |
Deferred income tax expense (benefit) | ||||||||||
369 | -10,480 | 12,403 | -1,718 | 1,798 | 2,154 | 1,547 | 6,343 | 6,510 | 2,468 | 7,470 |
Proceeds from sale of loans held for sale | ||||||||||
41,479 | 30,547 | 14,555 | 11,655 | 16,195 | 16,543 | 26,184 | 55,067 | 32,839 | 42,195 | 90,290 |
Originations of loans held for sale | ||||||||||
41,626 | 29,901 | 15,847 | 11,035 | 16,621 | 14,457 | 31,657 | 52,754 | 31,231 | 44,262 | 88,999 |
Income on company owned life insurance | ||||||||||
1,758 | 1,793 | 1,781 | 2,808 | 1,962 | 1,753 | 1,706 | 1,751 | 1,424 | 1,107 | 1,096 |
Net gain on sale of loans held for sale | ||||||||||
1,352 | 796 | 376 | 240 | 249 | 313 | 117 | 1,421 | 880 | 650 | 699 |
Net (gain) loss on investment securities | ||||||||||
1,677 | -127 | 1,260 | 2,695 | - | - | - | - | - | - | - |
Net gain on investment securities | ||||||||||
- | - | - | - | 1,988 | 2,041 | 1,226 | 2,651 | 3,003 | 169 | 3,429 |
Amortization of tax credit investment | ||||||||||
- | - | - | - | 390 | 2,323 | - | - | - | - | - |
Goodwill impairment | ||||||||||
0 | 2,350 | 1,575 | 0 | 751 | - | - | - | - | - | - |
Impairment charges on investment securities | ||||||||||
- | - | - | - | - | - | - | 91 | 18 | 594 | 4,666 |
Net gain on other assets | ||||||||||
29 | 50 | 37 | 313 | 27 | 69 | -103 | -381 | - | - | - |
Net loss (gain) on sale and disposal of other assets | ||||||||||
- | - | - | - | - | - | - | - | 67 | -203 | 180 |
Contributions to defined benefit pension plan | ||||||||||
- | - | - | - | - | 8,000 | - | 8,000 | 10,000 | 4,300 | - |
Loss on extinguishment of debt | ||||||||||
- | - | - | - | - | - | - | - | -1,083 | - | - |
(Increase) decrease in other assets | ||||||||||
21,263 | -13,376 | 24,505 | -2,027 | 545 | 1,606 | 6,640 | 4,249 | 7,756 | 353 | 8,773 |
Increase (decrease) in other liabilities | ||||||||||
14,973 | 3,065 | 4,016 | 257 | 376 | -2,991 | 6,981 | 7,429 | 5,057 | 5,261 | -6,633 |
Net cash provided by operating activities | ||||||||||
- | - | - | - | - | 35,229 | 37,198 | - | - | - | - |
Net cash provided by operating activities | ||||||||||
57,710 | 65,139 | 46,279 | 46,694 | 43,089 | - | - | 38,700 | 32,018 | 35,427 | 22,268 |
Cash flows from investing activities: | ||||||||||
Purchases of available for sale securities | ||||||||||
195,660 | 44,919 | 86,434 | - | - | - | - | - | - | - | - |
Purchases of available for sale securities | ||||||||||
- | - | - | 213,413 | 271,899 | 236,043 | 246,874 | 322,191 | 158,013 | 430,952 | 602,259 |
Purchases of held to maturity securities | ||||||||||
23,494 | 28,017 | 71,479 | 126,375 | 64,397 | 63,770 | 19,598 | 15,484 | 17,188 | 19,791 | 29,280 |
Proceeds from principal payments, maturities and calls on available for sale securities | ||||||||||
82,358 | 90,114 | 51,978 | 95,261 | 54,277 | 81,600 | 1,327 | 2,823 | 44,514 | 122,090 | 224,928 |
Proceeds from principal payments, maturities and calls on available for sale securities | ||||||||||
- | - | - | 119,190 | 127,257 | 140,338 | 143,053 | 175,679 | 168,976 | 219,974 | 353,545 |
Proceeds from principal payments, maturities and calls on held to maturity securities | ||||||||||
83,508 | 96,211 | 96,376 | 66,579 | 36,162 | 31,026 | 14,784 | 20,819 | 21,986 | 30,885 | 46,891 |
Proceeds from sales of securities available for sale | ||||||||||
178,059 | 29,851 | 50,084 | - | - | - | - | - | - | - | - |
Net loan originations | ||||||||||
167,234 | 361,915 | 404,905 | 262,684 | 180,067 | 84,812 | 131,949 | 151,311 | 157,110 | 89,507 | 165,716 |
Loans sold to others | ||||||||||
21,077 | - | - | - | - | - | - | - | - | - | - |
Purchases of company owned life insurance, net of proceeds received | ||||||||||
68 | 35 | 52 | -2,398 | 79 | 10,080 | - | - | - | - | - |
Loans sold or participated to others | ||||||||||
- | - | - | - | - | - | - | - | 13,033 | - | - |
Proceeds from company owned life insurance, net of purchases | ||||||||||
- | - | - | - | - | - | 79 | 79 | 18,079 | 79 | 79 |
Proceeds from sales of other assets | ||||||||||
-360 | -590 | -234 | -854 | -365 | -1,576 | -555 | -734 | -705 | -611 | -1,709 |
Purchases of premises and equipment | ||||||||||
3,639 | 2,842 | 7,740 | 7,619 | 7,493 | 5,330 | 3,411 | 5,840 | 3,678 | 2,438 | 1,959 |
Cash consideration paid for acquisition, net of cash acquired | ||||||||||
- | 4,447 | 676 | 868 | - | 7,995 | - | - | - | - | - |
Net cash used in investing activities | ||||||||||
- | - | - | - | - | -153,490 | -242,192 | - | - | - | - |
Net cash (paid) received from acquisitions | ||||||||||
- | - | - | - | - | - | - | -195,778 | - | - | - |
Net cash (used in) provided by investing activities | ||||||||||
-24,733 | -225,409 | -372,614 | -326,677 | -305,874 | - | - | -99,072 | -104,854 | -169,207 | -172,220 |
Cash flows from financing activities: | ||||||||||
Net increase in deposits | ||||||||||
188,768 | 156,733 | 214,952 | 264,691 | 280,004 | 130,471 | 58,262 | 43,376 | 48,709 | 139,935 | 109,692 |
Net decrease in short-term borrowings | ||||||||||
-194,000 | 23,300 | 114,700 | 38,400 | -41,704 | -2,238 | 157,236 | 29,108 | 73,588 | 17,567 | 36,078 |
Issuance of long-term debt | ||||||||||
- | - | - | - | 40,000 | - | - | - | - | - | - |
Debt issuance costs | ||||||||||
- | - | - | - | 1,060 | - | - | - | - | - | - |
Repurchase of preferred stock | ||||||||||
- | 1 | 9 | - | - | 2 | 131 | 2 | 37,549 | - | - |
Repayments of long-term borrowings | ||||||||||
- | - | - | - | - | - | - | - | 26,767 | 20,080 | 508 |
Proceeds from issuance of common stock | ||||||||||
- | - | 38,303 | - | - | - | - | - | 43,127 | - | - |
Purchases of common stock for treasury | ||||||||||
293 | 113 | 148 | - | 202 | 194 | 229 | 557 | 215 | 69 | - |
Issuance costs of Series A preferred stock | ||||||||||
- | - | - | - | - | - | - | - | - | - | 68 |
Repurchase of warrant issued to U.S. Treasury | ||||||||||
- | - | - | - | - | - | - | - | 2,080 | - | - |
Proceeds from stock options exercised | ||||||||||
- | 320 | 413 | 964 | 359 | 667 | 448 | 69 | 91 | 216 | 15 |
Excess tax benefit on share-based compensation | ||||||||||
- | - | - | 30 | 79 | - | -118 | 97 | 21 | - | - |
Cash dividends paid to preferred shareholders | ||||||||||
1,461 | 1,462 | 1,462 | 1,462 | 1,462 | 1,463 | 1,468 | 1,474 | 2,118 | 3,358 | 3,160 |
Cash dividends paid to common shareholders | ||||||||||
15,799 | 14,947 | 12,496 | 11,484 | 11,259 | 10,521 | 9,750 | 7,392 | 5,446 | 4,332 | 4,325 |
Net cash provided by financing activities | ||||||||||
- | - | - | - | - | 116,720 | 204,250 | - | - | - | - |
Net cash provided (used in) by financing activities | ||||||||||
-22,785 | 163,830 | 354,253 | 291,139 | 264,755 | - | - | 63,225 | 91,361 | 129,879 | 137,724 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
10,192 | 3,560 | 27,918 | - | - | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||||||
- | - | - | 11,156 | 1,970 | -1,541 | -744 | 2,853 | 18,525 | -3,901 | -12,228 |