| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
16,452 | 14,251 | 10,425 | 10,694 | 10,974 | 8,210 | |
Adjustments to reconcile net income to cash provided by operating activities: | ||||||
Depreciation and amortization of premises and equipment | ||||||
1,391 | 1,255 | 1,010 | 980 | 592 | 611 | |
Amortization of core deposit intangible | ||||||
288 | 406 | 522 | 360 | - | - | |
Amortization of subordinated debenture costs | ||||||
155 | 122 | 72 | - | - | - | |
Provision for loan losses | ||||||
423 | 3,195 | 2,330 | - | - | - | |
Amortization of subordinated debentures | ||||||
- | - | - | 44 | - | - | |
Provision for loan losses | ||||||
- | - | - | 2,959 | -1,019 | 589 | |
Realized gain on sales of securities available-for-sale | ||||||
341 | - | -31 | 0 | - | - | |
Realized loss on sales of premises and equipment | ||||||
6 | 1 | -290 | 13 | 2 | - | |
Realized loss on sales of other real estate owned | ||||||
40 | 231 | 353 | 122 | -254 | -278 | |
Writedown of other real estate owned | ||||||
626 | 873 | 905 | 480 | 256 | 1,190 | |
Increase in cash surrender value of bank owned life insurance | ||||||
460 | 453 | 441 | 293 | 293 | 286 | |
Deferred income tax expense (benefit) | ||||||
1,401 | -483 | 2,263 | 832 | 380 | 731 | |
Stock compensation expense | ||||||
695 | 473 | 555 | 407 | 360 | 154 | |
Net amortization of securities | ||||||
-441 | -818 | -839 | -929 | -569 | -512 | |
Net change in: | ||||||
Accrued interest receivable and other assets | ||||||
405 | 57 | 1,312 | -952 | 378 | 407 | |
Loans held for sale | ||||||
-798 | -3,626 | 5,413 | -8,039 | 5,087 | -3,238 | |
Loan servicing rights | ||||||
3,462 | 97 | -314 | 1,119 | 399 | 217 | |
Accrued interest payable and other liabilities | ||||||
3,997 | 2,479 | -706 | 473 | 862 | 853 | |
Net cash provided by (used in) operating activities | ||||||
21,953 | 26,176 | 11,331 | - | - | - | |
Cash flows from investing activities | ||||||
Net cash provided by operating activities | ||||||
- | - | - | 25,602 | 7,069 | 15,456 | |
Proceeds from maturities, principal repayments, and call of securities available-for-sale | ||||||
24,368 | 23,386 | 28,116 | 19,730 | 8,435 | 11,566 | |
Purchases of securities available-for-sale | ||||||
10,122 | 96,136 | - | - | - | - | |
Purchases of securities available for sale | ||||||
- | - | 53,096 | 12,704 | 11,274 | 19,664 | |
Proceeds from sales of securities available-for-sale | ||||||
29,361 | 0 | 21,093 | - | - | - | |
Redemption of FHLB stock | ||||||
- | - | 1,550 | - | - | - | |
Net redemptions (purchases) of FHLB stock | ||||||
-1,184 | -1,160 | - | 2,181 | 2,255 | - | |
Purchases of bank owned life insurance | ||||||
- | - | 5,500 | - | - | - | |
Loan originations and principal collections, net | ||||||
-163,546 | 64,385 | 125,323 | 142,249 | 100,775 | 80,786 | |
Proceeds from sales of premises and equipment | ||||||
6 | - | 1,615 | 25 | 8 | 65 | |
Purchases of premises and equipment | ||||||
659 | 7,667 | 2,758 | 1,777 | 3,167 | 1,038 | |
Capitalized additions to other real estate owned | ||||||
- | - | - | 135 | 39 | 438 | |
Proceeds from sales of other real estate owned | ||||||
6,776 | 3,854 | 2,777 | 2,646 | 5,324 | 9,237 | |
Net cash provided by (used in) investing activities | ||||||
214,460 | -139,788 | -131,526 | - | - | - | |
Cash flows from financing activities | ||||||
Net cash provided by business combination | ||||||
- | - | - | 12,320 | - | - | |
Net cash used in investing activities | ||||||
- | - | - | -124,325 | -103,743 | -81,058 | |
Net decrease in demand and savings deposits | ||||||
52,491 | 14,530 | 22,624 | -7,690 | 24,062 | 38,226 | |
Net decrease in certificates of deposits | ||||||
-174,396 | 98,740 | 109,936 | 110,030 | 42,694 | -49,065 | |
Net change in other borrowings | ||||||
-33 | -472 | -853 | -1,793 | -19,912 | 9,688 | |
Proceeds from FHLB advances | ||||||
115,000 | 150,000 | 192,660 | 767,200 | 795,695 | 11,000 | |
Repayment of FHLB advances | ||||||
160,000 | 182,100 | 179,055 | 725,750 | 757,250 | 5,000 | |
Payments to acquire treasury stock | ||||||
- | - | 202 | 70 | 154 | 889 | |
Proceeds from issuance of common stock | ||||||
265 | 459 | 1,124 | 1,180 | 17,369 | 812 | |
Dividends paid on common stock | ||||||
1,344 | 1,874 | 1,594 | 1,270 | 918 | - | |
Increase in subordinated debentures | ||||||
- | 29,058 | - | - | - | - | |
Dividends paid on preferred stock | ||||||
472 | 413 | 353 | 321 | 320 | 320 | |
Net cash used in financing activities | ||||||
-168,489 | 107,928 | 144,287 | - | - | - | |
Net change in cash and cash equivalents | ||||||
67,924 | -5,684 | 24,092 | - | - | - | |
Net cash provided by financing activities | ||||||
- | - | - | 126,495 | 101,101 | 4,302 | |
Net change in cash and cash equivalents | ||||||
- | - | - | 27,772 | 4,427 | -61,300 | |
Cash paid during the period for: | ||||||
Interest | ||||||
23,833 | 20,621 | 13,657 | - | - | - | |
Interest | ||||||
- | - | - | 9,594 | 7,435 | 7,531 | |
Income taxes | ||||||
1,725 | 4,875 | 6,650 | 6,515 | 5,860 | 4,497 | |
Noncash investing activities: | ||||||
Transfer of assets held for sale from premises and equipment to other assets | ||||||
1,500 | - | - | - | - | - | |
Transfer from loans to other real estate owned | ||||||
6,315 | 6,104 | 5,130 | 810 | 1,530 | 1,321 | |
Transfer from premises and equipment to other real estate owned | ||||||
- | - | - | 397 | - | - | |
Loans charged off | ||||||
3,928 | 1,280 | 1,904 | 1,670 | 1,907 | 647 | |