| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||||
Net income | |||||||||||
25,525 | 23,536 | 19,588 | 18,009 | 16,206 | 14,709 | 12,965 | 12,688 | 12,364 | 12,116 | 13,042 | 14,034 |
Adjustments to reconcile net income to net cash provided by operating activities | |||||||||||
Depreciation | |||||||||||
1,938 | 1,792 | 1,864 | 1,745 | 1,720 | 1,663 | 1,727 | 1,314 | 1,355 | 1,394 | 1,483 | 1,232 |
Change in deferred taxes | |||||||||||
336 | -485 | 2,083 | -139 | 332 | 18 | -56 | -108 | 730 | 395 | -1,210 | -1,039 |
Provision for loan losses | |||||||||||
1,250 | 1,500 | 2,000 | 1,600 | 1,550 | 1,150 | 4,200 | 7,835 | 10,550 | 8,400 | 12,160 | 4,700 |
Loans originated for resale | |||||||||||
37,721 | 25,447 | 39,039 | 54,257 | 31,306 | 21,758 | 56,377 | 40,606 | 34,304 | -65,726 | -117,282 | -19,199 |
Proceeds from sales and transfers of loans | |||||||||||
38,218 | 26,323 | 40,172 | 55,035 | 31,671 | 22,337 | 58,553 | 40,712 | 37,756 | 65,796 | 115,704 | 19,718 |
Net gain on sales of loans | |||||||||||
651 | 490 | 737 | 1,211 | 714 | 496 | - | - | - | - | - | - |
Net gain on sale or call of securities | |||||||||||
224 | 137 | 471 | 673 | - | - | - | - | - | - | - | - |
Net gain on sales of loans | |||||||||||
- | - | - | - | - | - | 1,224 | 1,141 | 646 | - | - | - |
Net gain on sale or call of securities | |||||||||||
- | - | - | - | 1,399 | 1,155 | 1,087 | 1,968 | 3,293 | 2 | - | - |
Net (gain) loss on sale or call of securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | 150 | 89 |
Write-down of securities available for sale | |||||||||||
- | - | - | - | - | - | - | - | - | - | 916 | 0 |
Net amortization of premiums on investments | |||||||||||
-1,082 | -1,820 | -3,212 | -2,338 | -783 | -943 | -1,817 | -2,676 | -3,583 | 899 | -2,774 | -5,475 |
Net gain on sale of other real estate owned | |||||||||||
113 | 312 | 84 | 177 | -5 | -32 | 25 | 7 | 7 | 122 | 223 | 0 |
Provision for losses on other real estate owned | |||||||||||
0 | 0 | 17 | 132 | 311 | 637 | 501 | 397 | 1,284 | 352 | 481 | 0 |
Equity compensation expense | |||||||||||
565 | 381 | 392 | 298 | 296 | 431 | 214 | 85 | 22 | 37 | 37 | 37 |
Tax benefit from vesting of restricted stock | |||||||||||
- | - | - | -32 | 0 | 0 | - | - | - | - | - | - |
Net increase in other assets and accrued interest | |||||||||||
7,690 | -1,146 | 4,817 | 2,444 | 455 | -676 | -1,557 | -756 | -1,288 | 177 | -4,013 | -1,627 |
Net increase (decrease) in other liabilities | |||||||||||
2,802 | 3,848 | -2,020 | 665 | 1,418 | 378 | 1,370 | 1,631 | -1,596 | 1,139 | -728 | -1,933 |
Net loss on disposal of premises and equipment | |||||||||||
-386 | -136 | 108 | 0 | 0 | -3 | -3 | 0 | -5 | 0 | - | - |
Net loss on sale of premises and equipment | |||||||||||
- | - | - | - | - | - | - | - | - | - | 11 | 17 |
Amortization of investment in limited partnership | |||||||||||
307 | 186 | 178 | 194 | 266 | 569 | 520 | 476 | 390 | 300 | 275 | 84 |
Net acquisition amortization | |||||||||||
43 | 43 | 43 | 43 | 58 | 326 | 326 | 283 | 244 | 251 | 260 | 239 |
Net cash provided by operating activities | |||||||||||
26,053 | 33,840 | 22,273 | 21,190 | 20,742 | 20,463 | 24,984 | 25,023 | 29,725 | 25,650 | 18,735 | 10,877 |
Cash flows from investing activities | |||||||||||
(Increase) decrease in interest-bearing deposits in other banks | |||||||||||
-769 | 11,219 | 567 | -3,720 | 454 | 997 | 924 | 1,638 | -100 | 100 | - | - |
Proceeds from sales of securities available for sale | |||||||||||
8,339 | 459 | 15,587 | 10,309 | - | - | - | - | - | - | - | - |
Proceeds from sales of securities available for sale | |||||||||||
- | - | - | - | 35,468 | 15,557 | 10,563 | 26,437 | 140,417 | 202 | 4,051 | 14,192 |
Purchase of time deposits in other banks | |||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 |
Maturity of time deposits in other banks | |||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | - |
Proceeds from maturities, payments and calls of securities available for sale | |||||||||||
78,825 | 51,752 | 156,969 | 79,217 | 36,588 | 30,226 | 55,399 | 61,776 | 42,756 | 101,223 | 10,255 | 3,551 |
Proceeds from maturities, payments, calls and sales of securities to be held to maturity | |||||||||||
24,087 | 14,094 | 14,770 | 88,899 | 45,688 | 18,085 | 36,872 | 53,958 | 28,644 | 84,287 | 183,973 | 106,450 |
Proceeds from sales of other real estate owned | |||||||||||
418 | 1,350 | 607 | 1,786 | 3,260 | 2,624 | - | - | - | - | - | - |
Purchases of securities available for sale | |||||||||||
98,257 | 76,893 | 177,409 | 171,881 | - | - | - | - | - | - | - | - |
Proceeds from sales of other real estate owned | |||||||||||
- | - | - | - | - | - | 5,416 | 3,345 | 5,124 | 3,722 | 820 | 0 |
Purchases of securities available for sale | |||||||||||
- | - | - | - | 111,616 | 908 | 103,359 | 93,378 | 161,386 | 316,453 | 81,853 | 5,373 |
Investments in limited partnerships | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,371 | 1,700 |
Purchases of securities to be held to maturity | |||||||||||
71,857 | 13,159 | 44,334 | 75,573 | 9,644 | 34,881 | 62,727 | 74,743 | 44,424 | 1,363 | 138,186 | 154,618 |
Investment in bank-owned life insurance | |||||||||||
- | - | - | - | 10,000 | 0 | 0 | - | - | - | - | - |
Purchase of Federal Home Loan Bank Stock | |||||||||||
0 | 1,228 | 0 | 0 | 345 | 0 | 0 | - | - | - | - | - |
Redemption of restricted equity securities | |||||||||||
2,604 | 0 | 1,572 | 2,327 | 0 | 0 | 536 | 995 | 0 | 0 | - | - |
Purchases of Federal Home Loan Bank stock | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,463 |
Purchases of Federal Reserve Bank stock | |||||||||||
- | - | - | - | - | - | - | - | - | - | 750 | 0 |
Net increase in loans | |||||||||||
59,635 | 75,751 | 95,199 | 84,850 | 74,375 | 45,788 | 15,375 | 19,635 | -6,176 | -52,395 | -15,017 | 63,410 |
Capital expenditures | |||||||||||
1,573 | 1,484 | 2,529 | 2,131 | 927 | 1,909 | 2,363 | 1,726 | 1,222 | 2,043 | 3,798 | 796 |
Proceeds from sale of premises and equipment | |||||||||||
0 | 2 | 473 | 0 | 10 | 1,240 | - | - | - | - | - | - |
Proceeds from sale of premises and equipment | |||||||||||
- | - | - | - | - | - | 5 | 42 | 0 | 0 | - | - |
Cash Acquired from Acquisition | |||||||||||
- | - | - | - | - | - | - | 25,297 | - | - | - | - |
Cash acquired, net of cash paid, in branch acquisitions | |||||||||||
- | - | - | - | - | - | - | - | 0 | 0 | - | - |
Proceeds from sale of premises and equipment | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1 | 0 |
Net cash used by investing activities | |||||||||||
-116,280 | -112,077 | -130,060 | -148,177 | -86,347 | -16,751 | -75,957 | -19,270 | 16,185 | -78,130 | -11,841 | -103,167 |
Cash flows from financing activities | |||||||||||
Net decrease in demand, savings, and money market accounts | |||||||||||
24,811 | 75,798 | 88,372 | - | - | - | - | - | - | - | - | - |
Net increase in demand, savings, and money market accounts | |||||||||||
- | - | - | 94,130 | 94,889 | 84,038 | 39,486 | 37,552 | 25,828 | -241 | -22,217 | 15,826 |
Net increase in certificates of deposit | |||||||||||
98,570 | 32,408 | 82,381 | 105,638 | -76,519 | -83,618 | 26,063 | -51,893 | -58,981 | 52,124 | 19,164 | 128,651 |
Repayment on long-term borrowings | |||||||||||
- | - | - | - | - | - | - | 0 | 0 | 30,000 | - | - |
Net increase in short-term borrowings | |||||||||||
0 | 61,559 | -30,143 | -63,556 | 42,541 | 30,791 | 0 | 17,242 | 8,340 | 27,552 | -5,289 | -94,622 |
Advances on long-term borrowings | |||||||||||
0 | 0 | 50,000 | 35,000 | 55,000 | 0 | 0 | - | - | - | - | - |
Repayment on long-term borrowings | |||||||||||
25,362 | 80,000 | 70,000 | 30,000 | - | - | - | - | - | - | - | - |
Repayment on long-term borrowings | |||||||||||
- | - | - | - | -40,000 | -30,000 | -3,780 | - | - | - | - | - |
Advances on long-term borrowings | |||||||||||
- | - | - | - | - | - | - | - | - | - | 10,000 | 50,000 |
Repayments of long-term borrowings | |||||||||||
- | - | - | - | - | - | - | - | - | 50,000 | 27,000 | 0 |
Repurchase of preferred stock | |||||||||||
- | - | - | - | - | - | 12,500 | 0 | 12,500 | 0 | - | - |
Proceeds from issuance of preferred stock | |||||||||||
- | - | - | - | - | - | - | - | - | - | 25,000 | 0 |
Repurchase of preferred stock | |||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | - |
Payment to repurchase common stock | |||||||||||
183 | 168 | 154 | 129 | 180 | 0 | 0 | - | - | - | 263 | 1,414 |
Proceeds from sale of common stock | |||||||||||
653 | 619 | 632 | 531 | 465 | 457 | 11,973 | 499 | 431 | 416 | 836 | 732 |
Repurchase of warrants | |||||||||||
- | - | - | 1,750 | 0 | 0 | - | - | - | - | - | - |
Dividends paid | |||||||||||
12,963 | 12,052 | 11,460 | 9,810 | 9,349 | 8,893 | 8,657 | 8,310 | 8,751 | 8,865 | 8,649 | 7,281 |
Net cash provided by financing activities | |||||||||||
85,526 | 78,164 | 109,628 | 130,054 | 66,847 | -7,225 | 52,585 | -4,910 | -45,633 | 50,986 | -8,418 | 91,892 |
Net increase in cash and cash equivalents | |||||||||||
-4,701 | -73 | 1,841 | - | - | - | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | |||||||||||
- | - | - | 3,067 | 1,242 | -3,513 | 1,612 | 843 | 277 | -1,494 | -1,524 | -398 |
Interest paid | |||||||||||
26,088 | 20,104 | 13,366 | 10,767 | - | - | - | - | - | - | - | - |
Interest paid | |||||||||||
- | - | - | - | 9,960 | 11,503 | 12,516 | 13,052 | 14,901 | 16,824 | 19,160 | 34,558 |
Income taxes paid | |||||||||||
3,994 | 3,057 | 5,730 | 6,367 | 4,235 | 5,150 | 2,000 | 2,547 | 3,037 | 3,317 | 5,859 | 7,111 |
Non-cash transactions | |||||||||||
Net transfer from loans to other real estate owned | |||||||||||
0 | 610 | 1,177 | 584 | 1,323 | 2,271 | 3,106 | 7,234 | 5,566 | 3,780 | - | - |
Fair value of assets acquired | |||||||||||
- | - | - | - | - | - | - | 6,577 | 0 | 0 | - | - |
Less liabilities assumed | |||||||||||
- | - | - | - | - | - | - | 31,874 | 0 | 0 | - | - |
Transfer of securities from available for sale to held to maturity | |||||||||||
- | - | - | - | - | 89,757 | 0 | 0 | - | - | - | - |
Transfer from loans to other real estate owned | |||||||||||
- | - | - | - | - | - | - | - | - | - | 4,441 | 1,601 |