| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
Net Income | |||||||||
16,881 | -3,828 | 7,200 | 5,303 | 1,142 | 10,412 | 1,961 | 1,621 | 1,385 | 933 |
Adjustments to reconcile net income to net cash from operating activities: | |||||||||
Provision for credit losses | |||||||||
4,193 | 6,091 | 1,831 | 2,037 | 1,836 | 3,255 | 950 | 718 | 1,164 | 1,633 |
Deferred income tax | |||||||||
3,160 | -3,468 | -1,132 | -1,229 | -3,019 | 5,825 | 45 | 518 | 991 | 816 |
Provision for other real estate owned | |||||||||
473 | 352 | 581 | 83 | 736 | 0 | 347 | - | - | - |
Depreciation and amortization | |||||||||
- | - | - | 1,241 | - | - | - | - | - | - |
Provision for other real estate owned | |||||||||
- | - | - | - | - | - | - | 48 | 777 | 0 |
Depreciation and amortization | |||||||||
2,348 | 2,188 | 1,287 | - | 1,008 | 734 | 599 | 523 | 455 | 356 |
Stock-based compensation | |||||||||
240 | 873 | 695 | 399 | 436 | 246 | 124 | 105 | 128 | 187 |
Net (accretion) amortization of investment securities | |||||||||
- | - | - | 3 | 13 | -7 | -17 | -42 | -181 | -173 |
Net accretion of discount on purchased loans | |||||||||
-1,640 | -2,313 | -575 | -714 | -1,633 | -231 | - | - | - | - |
Bargain purchase gain | |||||||||
- | - | - | - | - | 16,090 | 0 | 0 | - | - |
Gain on sales of securities | |||||||||
- | - | - | - | 0 | -228 | 0 | 0 | - | - |
(Gain) loss on sale of securities | |||||||||
645 | -364 | - | 96 | 0 | 0 | - | - | - | - |
Loss on sale of premises and equipment | |||||||||
-70 | -345 | -13 | - | - | - | - | - | - | - |
Loss on the sale of property | |||||||||
- | - | - | -70 | - | - | - | - | - | - |
Net amortization of intangible asset | |||||||||
3,013 | 2,856 | 505 | 655 | 462 | 111 | 34 | 0 | 0 | - |
Loans originated for sale | |||||||||
573,306 | 586,385 | 673,448 | 599,299 | 591,422 | 309,404 | 14,119 | 10,777 | 3,298 | 7,751 |
Proceeds from sale of loans originated for sale | |||||||||
571,656 | 640,710 | 693,384 | 606,020 | 591,597 | 274,162 | 12,674 | 9,907 | 3,744 | 6,726 |
Realized and unrealized gains on mortgage banking activity | |||||||||
7,798 | 5,245 | 11,035 | 8,098 | 6,971 | 4,341 | 215 | 122 | - | - |
Gains on sales of loans | |||||||||
- | - | - | - | - | - | - | - | 28 | 53 |
Loss on sale of other real estate owned, net | |||||||||
28 | 64 | 12 | -14 | -8 | 0 | -37 | -131 | 459 | 0 |
Gain on sale of portfolio loans, net | |||||||||
- | - | - | 532 | 0 | - | - | - | - | - |
Cash surrender value of BOLI | |||||||||
1,858 | 1,614 | 760 | 623 | 408 | 377 | 282 | 0 | 0 | - |
Decrease in interest receivable | |||||||||
- | - | - | 649 | 356 | 542 | 29 | 93 | 111 | 128 |
Increase in interest payable | |||||||||
- | - | - | 5 | 90 | 56 | 21 | -10 | -27 | -30 |
Increase in other assets | |||||||||
-2,044 | -5,041 | 2,044 | 817 | 368 | -159 | 981 | -1,092 | -52 | 283 |
Decrease in other liabilities | |||||||||
1,618 | -1,091 | 417 | -1,460 | -2,190 | 4,447 | -443 | 292 | 260 | 41 |
Other - net | |||||||||
-140 | 1 | 5 | - | - | - | - | - | - | - |
Net cash provided by operating activities | |||||||||
20,561 | 54,811 | 16,902 | 2,307 | -9,065 | - | - | - | - | 2,620 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
Purchase of interest bearing deposits with banks | |||||||||
- | - | - | 19,513 | 0 | 0 | - | - | - | - |
Net cash provided by operating activities | |||||||||
- | - | - | - | - | -31,343 | 740 | 3,995 | 5,214 | - |
Proceeds from maturities of interest bearing deposits with banks | |||||||||
- | - | 19,513 | 0 | 0 | - | - | - | - | - |
Purchases of investment securities | |||||||||
102,748 | 193,805 | 62,347 | - | - | - | - | - | - | - |
Purchases of investment securities available-for-sale | |||||||||
- | - | - | 84,969 | 42,880 | 26,544 | 50,513 | 47,018 | 39,185 | 53,221 |
Purchases of investment securities held-to-maturity | |||||||||
- | - | - | 3,250 | 3,000 | 0 | - | - | - | - |
Proceeds from sales, maturities and calls of investment securities | |||||||||
115,758 | 169,291 | 23,520 | 95,731 | 61,043 | 48,810 | 48,658 | 33,479 | 40,652 | 53,379 |
Net (increase) decrease in loans and leases outstanding | |||||||||
99,177 | 49,995 | 120,321 | 68,273 | 49,116 | 48,534 | 45,679 | 48,799 | 23,283 | 7,350 |
Purchase of bank owned life insurance | |||||||||
- | - | 6,500 | 2,200 | 1,800 | 0 | 11,000 | 0 | 0 | - |
Proceeds from the sale of other real estate owned | |||||||||
2,238 | 1,088 | 232 | 178 | 12 | 0 | 141 | 527 | 2,626 | 0 |
Proceeds from the sale of portfolio loans | |||||||||
- | - | 3,798 | 4,263 | 0 | - | - | - | - | - |
Purchase of premises and equipment | |||||||||
1,429 | 1,943 | 409 | 627 | 5,273 | 2,010 | 1,033 | 612 | 700 | 7,213 |
Proceeds from the sale of premises and equipment | |||||||||
2,092 | 5,161 | - | 0 | - | - | - | - | - | - |
Cash and cash equivalents of acquisition | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Cash acquired in acquisition | |||||||||
- | -38,889 | - | 0 | -8,884 | -39,922 | 3,195 | 0 | 0 | - |
Net cash used in investing activities | |||||||||
- | - | - | - | - | 11,644 | -62,621 | -62,423 | -19,890 | - |
Net cash (used in) provided by investing activities | |||||||||
-83,266 | -31,314 | -142,514 | -78,660 | -32,130 | - | - | - | - | -14,405 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
Net increase (decrease) in deposits | |||||||||
28,559 | 115,463 | 55,174 | 61,327 | 17,966 | 2,128 | -6,115 | 33,831 | 13,365 | 9,681 |
Net increase in interest-bearing deposits | |||||||||
- | - | - | - | - | - | 44,866 | 18,385 | 9,963 | 890 |
Net decrease in short-term borrowings | |||||||||
101,551 | -180,829 | 23,329 | 37,935 | 15,493 | 2,971 | 18,670 | 14,004 | - | - |
Net increase in short-term borrowings | |||||||||
- | - | - | - | - | - | - | - | -12,040 | 4,566 |
Proceeds from issuance of long-term debt | |||||||||
55,000 | 123,543 | 15,016 | 2,810 | 6,914 | 12,000 | 12,000 | 2,000 | 4,000 | 0 |
Repayment of long-term debt | |||||||||
114,000 | - | 17,000 | 12,000 | 9,000 | 9,000 | 8,000 | 0 | 0 | 2,000 |
Proceeds from issuance of common stock, net of cost | |||||||||
396 | 97 | 38,699 | 35 | 23,771 | 507 | 0 | 8,980 | 0 | 0 |
Cash consideration paid in acquisition | |||||||||
- | 9,245 | - | 0 | - | - | - | - | - | - |
Repurchase of common stock | |||||||||
322 | - | - | - | - | - | - | - | - | - |
Redemption of preferred stock | |||||||||
- | - | - | 12,562 | 0 | 0 | - | - | - | - |
Net proceeds from issuance of preferred stock, net of cost | |||||||||
- | - | - | - | - | - | - | - | 6,290 | 0 |
Cash dividends on preferred stock | |||||||||
- | - | - | 166 | 126 | 126 | 165 | 616 | 451 | 326 |
Net cash provided by (used in ) financing activities | |||||||||
71,184 | 49,029 | 115,218 | 77,379 | 55,018 | - | - | - | - | 12,811 |
Net increase (decrease) in cash and cash equivalents | |||||||||
8,479 | 72,526 | -10,394 | - | - | - | - | - | - | - |
Net cash provided by financing activities | |||||||||
- | - | - | - | - | 8,480 | 61,256 | 76,584 | 21,127 | - |
Net (decrease) increase in cash and cash equivalents | |||||||||
- | - | - | 1,026 | 13,823 | -11,219 | -625 | 18,156 | - | - |
Net decrease in cash and cash equivalents | |||||||||
- | - | - | - | - | - | - | - | 6,451 | 1,026 |
SUPPLEMENTAL INFORMATION | |||||||||
Cash payments for interest | |||||||||
22,341 | 13,123 | 5,044 | 4,557 | 2,982 | - | - | - | - | - |
Cash payments for interest | |||||||||
- | - | - | - | - | 2,345 | 1,879 | 2,015 | 1,774 | 2,937 |
Cash payments for income taxes | |||||||||
135 | - | 3,440 | 3,145 | 2,890 | 495 | 707 | 490 | 330 | 0 |
Transferred from loans to other real estate owned | |||||||||
1,389 | 917 | - | 256 | 625 | 95 | 0 | 1,598 | 1,805 | - |
Cash payments for operating leases | |||||||||
1,337 | 3,159 | 1,995 | - | - | - | - | - | - | - |
Assets acquired in branch acquisition (net of cash received) | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Liabilities assumed in branch acquisition | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Assets acquired in business combination (net of cash received) | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Liabilities assumed | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Assets acquired in business combination (net of cash received) | |||||||||
- | 971,431 | - | 0 | 194,828 | 122,922 | 0 | - | - | - |
Transferred from loans to other real estate owned | |||||||||
- | - | - | - | - | - | - | - | - | 2,147 |
Tangible assets acquired (net of cash received) | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Identifiable intangible assets acquired | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Liabilities assumed in business combination | |||||||||
- | 897,569 | - | 0 | 204,414 | 143,990 | - | - | 0 | - |
Lease liabilities arising from obtaining right of use assets (see Note 8) | |||||||||
18,009 | - | - | - | - | - | - | - | - | - |
Goodwill reduction for adjustments to acquired net deferred tax assets | |||||||||
4,748 | - | - | - | - | - | - | - | - | - |