| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net earnings | ||||||
26,279 | 20,596 | 14,439 | 12,121 | 10,111 | ||
Adjustments to reconcile net earnings to net cash provided from operating activities: | ||||||
Depreciation | ||||||
3,886 | 3,400 | 3,162 | 3,183 | 2,958 | ||
Amortization | ||||||
1,378 | 1,228 | 1,033 | 980 | 951 | ||
Deferred taxes | ||||||
- | - | - | -1,330 | 9 | ||
Premium amortization, net of discount accretion | ||||||
-3,820 | -4,210 | -4,576 | - | - | ||
Premium amortization, net of discount accretion | ||||||
- | - | - | 4,974 | 4,196 | ||
Net realized loss (gain) on securities transactions | ||||||
-22 | -50 | 167 | 82 | - | ||
Net realized gain on securities transactions | ||||||
- | - | - | - | 77 | ||
Gain on sale of loans | ||||||
2,850 | 2,308 | 1,981 | 1,718 | 1,053 | ||
Gain on sale of branch operations | ||||||
0 | 830 | 0 | 0 | - | ||
Provision for credit losses | ||||||
1,250 | 2,250 | 2,850 | 3,640 | 2,175 | ||
Origination of loans held for sale | ||||||
76,011 | 70,841 | 64,817 | 62,620 | 59,217 | ||
Proceeds from loans held for sale | ||||||
78,288 | 73,250 | 67,465 | 65,642 | 60,318 | ||
Write-down of other real estate and repossessed assets | ||||||
343 | 407 | 12 | - | - | ||
Write-down of other real estate and repossessed assets | ||||||
343 | 407 | 12 | 122 | 172 | ||
Net gain on sale of premises, equipment, other real estate owned and other assets | ||||||
-78 | 133 | 906 | -108 | -132 | ||
Stock based compensation | ||||||
663 | 592 | 355 | 211 | 237 | ||
Net change in accrued interest receivable and other assets | ||||||
17,232 | 5,887 | -2,413 | 3,786 | 3,781 | ||
Net change in accrued interest payable and other liabilities | ||||||
12,132 | 2,230 | 1,235 | 964 | -8,917 | ||
Net cash provided by operating activities | ||||||
32,046 | 28,214 | 29,669 | 22,409 | 8,214 | ||
Cash flows from investing activities | ||||||
Securities available for sale: | ||||||
Purchases | ||||||
706,238 | 429,762 | 517,155 | 250,485 | - | ||
Proceeds from sales | ||||||
3,957 | 411,796 | 213,813 | 103,942 | - | ||
Purchases | ||||||
- | - | - | - | 414,191 | ||
Proceeds from sales | ||||||
- | - | - | - | 140,668 | ||
Proceeds from maturities and principal repayments | ||||||
730,272 | 27,093 | 225,516 | 259,719 | 246,113 | ||
Securities held to maturity: | ||||||
Purchases | ||||||
- | - | - | 86,642 | 9,088 | ||
Proceeds from sales | ||||||
0 | 0 | 3,298 | 1,866 | 0 | ||
Proceeds from maturities and principal repayments | ||||||
-5,646 | -9,331 | -9,516 | - | - | ||
Proceeds from maturities and principal repayments | ||||||
- | - | - | 18,336 | 13,835 | ||
Cash paid in connection with acquisitions | ||||||
0 | 6,423 | 0 | 0 | - | ||
Net originations of loans | ||||||
-46,940 | -146,531 | -118,754 | - | - | ||
Net purchases of premises and equipment | ||||||
5,090 | 2,833 | 2,320 | 1,599 | 4,013 | ||
Net proceeds from sale of premises, equipment, other real estate owned and other assets | ||||||
653 | 3,668 | 2,279 | - | - | ||
Net proceeds from sale of premises, equipment, other real estate owned and other assets | ||||||
653 | 3,668 | 2,279 | 2,609 | 1,290 | ||
Net increase in loans | ||||||
- | - | - | 184,126 | - | ||
Net increase in loans | ||||||
- | - | - | - | 120,155 | ||
Net cash (used in) provided by investing activities | ||||||
-17,740 | -108,734 | -183,807 | -133,981 | -147,495 | ||
Cash flows from financing activities | ||||||
Net change in deposits | ||||||
85,324 | 13,739 | 99,529 | 105,966 | 229,458 | ||
Net change in securities sold under agreements to repurchase | ||||||
-1,128 | -651 | 2,020 | -2,104 | 3,565 | ||
Proceeds from FHLB advances | ||||||
260,500 | 391,000 | 60,000 | 120,178 | 0 | ||
Repayment of FHLB advances | ||||||
320,518 | 331,517 | 70,017 | 86,350 | 90,197 | ||
Proceeds from other debt | ||||||
0 | 0 | 2,000 | 19,000 | 18,000 | ||
Repayment of other debt | ||||||
0 | 0 | 20,286 | 18,714 | 11,000 | ||
Issuance of debentures | ||||||
- | - | - | - | 9,000 | ||
Repayments of debentures | ||||||
2,000 | 1,000 | 5,500 | 2,000 | 2,000 | ||
Purchase of treasury stock | ||||||
10,140 | 4,265 | 0 | 12,218 | 14,568 | ||
Sale of treasury stock | ||||||
- | - | - | 8,557 | 0 | ||
Exercise of stock options | ||||||
925 | 327 | 84 | 36 | 0 | ||
Sale of common stock | ||||||
0 | 0 | 55,755 | 0 | 7,266 | ||
Cash dividends | ||||||
8,065 | 7,031 | 5,562 | 4,615 | 4,526 | ||
Net cash provided by financing activities | ||||||
4,898 | 60,602 | 118,023 | 127,736 | 144,998 | ||
Net change in cash and cash equivalents | ||||||
19,204 | -19,918 | -36,115 | - | - | ||
Net change in cash and cash equivalents | ||||||
- | - | - | 16,164 | 5,717 | ||
Supplemental disclosures of cash flow information | ||||||
Interest paid | ||||||
23,700 | 18,813 | 12,119 | 10,966 | - | ||
Interest paid | ||||||
- | - | - | - | 7,929 | ||
Income taxes paid | ||||||
5,536 | 5,218 | 6,660 | 5,810 | 3,350 | ||
Supplemental schedule of noncash investing and financing activities | ||||||
Transfer loans to other real estate owned and repossessed assets | ||||||
340 | 1,304 | 1,775 | - | - | ||
Transfer loans to other real estate owned and repossessed assets | ||||||
340 | 1,304 | 1,775 | 6,241 | 808 | ||
Common stock issued in acquisitions | ||||||
0 | 29,568 | 0 | 0 | 27,676 | ||
Terminated KSOP put option | ||||||
0 | 0 | 34,300 | - | - | ||
Net change in fair value of KSOP shares | ||||||
0 | 0 | -2,639 | - | - | ||
Transfer of KSOP shares | ||||||
- | - | - | 8,261 | 0 | ||
Terminated KSOP put option | ||||||
0 | 0 | 34,300 | 0 | 0 | ||
Net change in fair value of KSOP shares | ||||||
- | - | - | -1,538 | 1,513 | ||
Acquired banks | ||||||
Cash received from acquired banks | ||||||
0 | 24,927 | 0 | 0 | - | ||
Denton branch | ||||||
Cash received from acquired banks and Denton branch | ||||||
- | - | - | 2,399 | - | ||