| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||
Net income | |||||||||
13,129 | 10,667 | 5,269 | 7,281 | 12,991 | 5,597 | 6,475 | 4,663 | 3,626 | -10,197 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Provision for loan losses | |||||||||
1,320 | 2,111 | 2,534 | 3,122 | 1,054 | 2,513 | 380 | 9,390 | 9,157 | 15,726 |
Depreciation | |||||||||
3,115 | 2,435 | 1,898 | 1,693 | 1,768 | 1,938 | 2,043 | 1,992 | 2,349 | 2,517 |
Stock compensation | |||||||||
268 | 249 | 192 | 192 | 191 | 134 | 88 | 73 | 78 | 70 |
Amortization of intangible assets | |||||||||
- | - | - | - | - | - | - | - | 268 | 730 |
Gain on sales of Insurance assets | |||||||||
- | - | - | - | - | - | - | 88 | 0 | - |
Gains on sales of other real estate owned | |||||||||
160 | 260 | 645 | 189 | 753 | -944 | 205 | 995 | 285 | 475 |
Write-downs of other real estate owned | |||||||||
1,459 | 1,356 | 398 | 486 | 1,997 | 920 | 3,079 | 1,489 | 1,986 | 2,940 |
Origination of loans held for sale | |||||||||
20,668 | 10,866 | 10,049 | 9,024 | - | - | - | - | - | - |
Proceeds from sales of loans held for sale | |||||||||
19,502 | 11,021 | 9,973 | 8,838 | - | - | - | - | 33,902 | - |
Proceeds from sale of loans held for sale | |||||||||
- | - | - | - | 6,433 | 5,946 | 23,100 | 25,392 | 10,606 | 1,764 |
Gain on sale of loans held for sale | |||||||||
- | - | - | - | - | - | - | - | 1,366 | - |
Gains on sales of loans held for sale | |||||||||
150 | 88 | 75 | 95 | 57 | 52 | 176 | 167 | 86 | 78 |
Deferred loan fees | |||||||||
- | - | - | - | - | - | - | - | - | -588 |
Loss on disposal of fixed assets | |||||||||
-3 | -74 | 3 | -9 | -3 | -58 | -25 | -92 | -6 | -108 |
Net amortization of investment securities discounts and premiums | |||||||||
- | - | - | - | - | - | - | -1,565 | -1,785 | -1,226 |
Net amortization of investment securities discounts and premiums- AFS | |||||||||
-3 | 39 | - | - | - | - | - | - | - | - |
Net amortization/(accretion) of investment securities discounts and premiums- HTM | |||||||||
114 | 57 | - | - | - | - | - | - | - | - |
Other-than-temporary-impairment loss on securities | |||||||||
- | - | - | - | - | - | - | - | 19 | - |
Other-than-temporary-impairment loss on securities | |||||||||
- | - | - | - | - | - | - | - | - | 8,364 |
Proceeds from sales of investment securities trading | |||||||||
- | - | - | - | - | - | - | - | - | 99,626 |
Proceeds from maturities/calls of investment securities trading | |||||||||
- | - | - | - | - | - | - | - | - | 17,167 |
Loss on trading securities | |||||||||
- | - | - | - | - | - | - | - | - | 251 |
Losses on sales/calls of investment securities – available-for-sale | |||||||||
- | 113 | -49 | 440 | 962 | -41 | 78 | 1,545 | 875 | 2,162 |
Earnings on bank owned life insurance | |||||||||
2,257 | 1,162 | 1,187 | 1,426 | 1,146 | 1,392 | 1,035 | 1,778 | 1,030 | 1,019 |
Gain on sales of investment securities - held for trading | |||||||||
- | - | - | - | - | 1,100 | 0 | - | - | - |
Amortization of deferred loan fees | |||||||||
935 | 745 | 622 | 494 | 554 | 525 | 542 | 629 | 593 | - |
Amortization of operating lease asset | |||||||||
277 | - | - | - | - | - | - | - | - | - |
Increase in accrued interest receivable and other assets | |||||||||
190 | -367 | 7,848 | - | - | - | - | - | - | - |
Increase in accrued interest receivable and other assets | |||||||||
- | - | - | 5,472 | -4,223 | -6,993 | -1,488 | -1,785 | -11,587 | -7,939 |
Deferred tax expense/(benefit) | |||||||||
-953 | -1,338 | -9,257 | -2,117 | -3,855 | -636 | -1,288 | -400 | 1,538 | 1,839 |
Operating lease liability | |||||||||
-287 | - | - | - | - | - | - | - | - | - |
Increase/(decrease) in accrued interest payable and other liabilities | |||||||||
900 | 1,814 | 3,524 | 4,388 | -1,143 | -13,066 | 4,285 | -1,042 | 4,046 | -3,797 |
Net cash provided by operating activities | |||||||||
- | - | - | - | 22,199 | 3,887 | - | - | - | - |
Net cash provided by operating activities | |||||||||
16,390 | 18,294 | 12,924 | 11,493 | - | - | 18,676 | 15,205 | 63,036 | 141,939 |
Investing activities | |||||||||
Proceeds from maturities/calls of investment securities available-for-sale | |||||||||
26,553 | 10,888 | 17,878 | 38,387 | 42,020 | 125,720 | 35,891 | 70,562 | 80,315 | 114,445 |
Proceeds from maturities/calls of investment securities held-to-maturity | |||||||||
8,124 | 6,741 | 7,614 | 19,334 | 7,525 | 4,927 | 140 | 0 | - | - |
Proceeds from sales of investment securities available-for-sale | |||||||||
21,872 | 2,005 | 18,530 | 43,782 | 60,598 | 56,838 | 44,496 | 46,220 | 84,396 | 12,304 |
Proceeds from sales of investment securities held for trading | |||||||||
- | - | - | - | - | 1,100 | 0 | - | - | - |
Purchases of investment securities available-for-sale | |||||||||
39,307 | 3,390 | 40,596 | 54,585 | 47,640 | 153,924 | 205,083 | 98,787 | 178,333 | 201,409 |
Purchases of investment securities held-to-maturity | |||||||||
8,207 | 7,176 | 4,188 | 11,085 | 3,709 | 6,575 | 0 | - | - | - |
Proceeds from sales of other real estate owned | |||||||||
2,777 | 2,981 | 3,076 | 2,614 | 6,190 | 6,291 | 4,478 | 5,982 | 6,017 | 3,146 |
Proceeds from disposal of fixed assets | |||||||||
- | - | 945 | 260 | 31 | 0 | 1,423 | 567 | 0 | 11 |
Purchase of BOLI policy | |||||||||
- | - | - | - | 5,500 | 0 | - | - | - | - |
Proceeds from sale of insurance assets | |||||||||
- | - | - | - | - | - | - | 3,604 | 0 | - |
Proceeds from BOLI | |||||||||
2,125 | - | - | 608 | 0 | 844 | 0 | 1,806 | 0 | - |
Net (increase)/decrease in restricted stock | |||||||||
-979 | 190 | -5 | -695 | -1,620 | -389 | -436 | -2,377 | -1,723 | -1,412 |
Net (increase)/decrease in loans | |||||||||
43,465 | 116,088 | 4,359 | 24,192 | 47,436 | 43,218 | -32,504 | -19,133 | -10,459 | -80,157 |
Purchases of premises and equipment | |||||||||
3,973 | 9,483 | 6,561 | 3,924 | 1,371 | 720 | 941 | 1,280 | 236 | 3,862 |
Net cash used in investing activities | |||||||||
- | - | - | - | 18,761 | -2,382 | - | - | - | - |
Net cash provided by investing activities | |||||||||
-32,522 | -113,712 | -7,656 | 11,894 | - | - | -63,556 | 75,576 | 14,947 | 7,968 |
Financing activities | |||||||||
Net increase in deposits | |||||||||
74,504 | 28,137 | 25,161 | 15,435 | 17,471 | 3,920 | 519 | -50,900 | -273,862 | -2,520 |
Preferred stock dividends paid | |||||||||
- | - | 1,215 | 2,025 | 2,700 | 9,096 | 0 | - | - | - |
Preferred stock dividends paid | |||||||||
- | - | - | - | - | - | - | - | - | 1,125 |
Preferred stock redemption | |||||||||
- | - | 20,000 | 10,000 | 0 | - | - | - | - | - |
Issuance of common stock | |||||||||
170 | 119 | 9,191 | 0 | 1 | 0 | - | - | - | 48 |
Proceeds from issuance of preferred stock and warrants | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Cash dividends on common stock | |||||||||
3,125 | 1,911 | 0 | - | - | - | - | - | - | 800 |
Net decrease in short-term borrowings | |||||||||
-28,979 | 28,862 | 12,845 | 172 | -3,973 | -3,875 | 4,419 | 2,389 | - | - |
Net increase/(decrease) in short-term borrowings | |||||||||
- | - | - | - | - | - | - | - | -2,271 | -8,424 |
Proceeds from long-term borrowings | |||||||||
- | - | - | - | - | - | - | 20,000 | 0 | 3,609 |
Payments on long-term borrowings | |||||||||
- | 20,000 | 10,808 | 15,800 | 35,069 | 66 | 63 | 44,309 | 36,056 | 31,053 |
Net cash provided by financing activities | |||||||||
- | - | - | - | -24,270 | -9,117 | - | - | - | - |
Net cash provided by financing activities | |||||||||
42,570 | 35,207 | 15,174 | -12,218 | - | - | 4,875 | -72,820 | -312,189 | -40,265 |
Increase in cash and cash equivalents | |||||||||
26,438 | -60,211 | - | - | - | - | - | - | - | - |
Increase/(decrease) in cash and cash equivalents | |||||||||
- | - | 20,442 | 11,169 | 16,690 | -7,612 | -40,005 | 17,961 | -234,206 | 109,642 |
Supplemental information | |||||||||
Interest paid | |||||||||
11,485 | 8,110 | 7,298 | 8,321 | - | - | - | - | - | - |
Interest paid | |||||||||
- | - | - | - | 9,811 | 17,635 | 9,500 | 12,062 | 19,985 | 29,754 |
Taxes paid | |||||||||
1,011 | 530 | 175 | 540 | 125 | 0 | 1,035 | 620 | 0 | - |
Non-cash investing activities: | |||||||||
Transfers from loans to other real estate owned | |||||||||
1,605 | 534 | 2,060 | 6,938 | 1,385 | 4,056 | 6,870 | 7,313 | - | - |
Initial recognition of operating lease right of use assets at adoption | |||||||||
2,730 | - | - | - | - | - | - | - | - | - |
Initial recognition of operating lease liabilities at adoption | |||||||||
3,317 | - | - | - | - | - | - | - | - | - |
Recognition of operating lease right-of-use assets | |||||||||
208 | - | - | - | - | - | - | - | - | - |
Recognition of operating lease liabilities | |||||||||
208 | - | - | - | - | - | - | - | - | - |
Taxes paid | |||||||||
- | - | - | - | - | - | - | - | - | 300 |
Transfers from loans to other real estate owned | |||||||||
- | - | - | - | - | - | - | - | 6,322 | 17,042 |
Transfers from loans to loans held-for-sale | |||||||||
- | - | - | - | - | - | - | - | 32,536 | - |
Transfers from securities available for sale to held-to-maturity | |||||||||
- | - | - | - | - | 103,934 | 0 | 4,040 | 0 | 117,078 |
Available-for-sale Securities [Member] | |||||||||
Net amortization of investment securities discounts and premiums | |||||||||
- | - | -148 | - | - | - | - | - | - | - |
Held-to-maturity Securities [Member] | |||||||||
Net amortization of investment securities discounts and premiums | |||||||||
- | - | -111 | - | - | - | - | - | - | - |