| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net loss | |||||||||
-27,516 | -11,761 | 9,439 | 11,017 | 19,110 | 14,176 | 9,642 | 4,473 | 5,780 | 4,599 |
Adjustments to reconcile net loss to net cash provided by operating activities: | |||||||||
Depreciation | |||||||||
- | - | 5,920 | 6,168 | 6,062 | 5,600 | 3,799 | 3,265 | 3,300 | 3,587 |
Accretion of purchase accounting adjustments | |||||||||
- | - | -750 | -1,235 | -2,540 | -5,869 | -2,067 | -752 | 98 | - |
Amortization of purchase accounting adjustments | |||||||||
- | - | - | - | - | - | - | - | - | 121 |
Depreciation, amortization, and accretion | |||||||||
7,569 | 8,199 | - | - | - | - | - | - | - | - |
Provision for loan losses | |||||||||
16,740 | 30,200 | 10,600 | 13,900 | 5,625 | 3,050 | 2,050 | 3,925 | 5,020 | 5,450 |
Deferred tax expense | |||||||||
- | - | -1,582 | -1,785 | -1,489 | 2,828 | 1,651 | -491 | -1,033 | -541 |
Amortization of premiums on securities, net | |||||||||
- | - | -2,963 | -2,815 | -3,047 | -4,473 | -1,878 | -910 | -1,226 | -970 |
Income recognized from death benefit on bank owned life insurance | |||||||||
- | - | 0 | 160 | 0 | - | - | - | - | - |
ESOP and stock-based compensation expense | |||||||||
19 | 163 | 210 | 355 | 442 | - | - | - | - | - |
Net excess tax benefit from stock-based compensation | |||||||||
- | - | -281 | -607 | - | - | - | - | - | - |
Stock option expense | |||||||||
- | - | - | - | - | 308 | 150 | 13 | 6 | 20 |
Restricted stock expense | |||||||||
- | - | - | - | - | 21 | 57 | 62 | 44 | 0 |
ESOP compensation expense | |||||||||
31 | 62 | -106 | 0 | 0 | - | - | - | - | - |
Net gain on sale of investment securities | |||||||||
-49 | 347 | 20 | 1,243 | - | - | - | - | - | - |
Proceeds from sale of loans held for sale | |||||||||
15,623 | 0 | - | - | - | - | - | - | - | - |
Deferred tax expense (benefit) | |||||||||
5,392 | -879 | - | - | - | - | - | - | - | - |
Accretion of other investments | |||||||||
- | - | 0 | -1 | 3 | 13 | 15 | 14 | 0 | 0 |
Net loss on sale of other real estate owned | |||||||||
-70 | 18 | -57 | -1 | 1,061 | -190 | -163 | -66 | -150 | -55 |
Net write down of other real estate owned | |||||||||
212 | 422 | 130 | 111 | 91 | 457 | 582 | 476 | 241 | - |
Write down of assets held-for-sale | |||||||||
0 | 1,359 | 0 | 0 | - | - | - | - | - | - |
Loss on transfer of loans to held for sale | |||||||||
987 | 6,030 | 0 | 0 | - | - | - | - | - | - |
Net loss on sale/disposal of premises and equipment | |||||||||
239 | -550 | 35 | 24 | -182 | -96 | -6 | -126 | -132 | -18 |
Change in other assets | |||||||||
-3,545 | 9,822 | - | - | - | - | - | - | - | - |
Change in other liabilities | |||||||||
87 | 1,119 | - | - | - | - | - | - | - | - |
Gain on sale and liquidation of securities available-for-sale | |||||||||
- | - | - | - | 128 | 234 | 204 | 99 | 3 | -178 |
Income recognized from death benefit on bank owned life insurance | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Write down of other real estate owned | |||||||||
- | - | - | - | - | - | - | - | - | 76 |
Change in accrued interest receivable | |||||||||
- | - | 982 | -41 | -57 | 1 | -745 | 331 | -180 | -548 |
Change in accrued interest payable | |||||||||
- | - | -9 | -114 | -234 | -201 | -181 | -120 | -149 | -462 |
Change in other assets & other liabilities, net | |||||||||
- | - | -1,008 | 661 | -612 | -1,009 | 339 | - | - | - |
Write-down of goodwill | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Change in other assets & other liabilities, net | |||||||||
- | - | - | - | - | - | - | -1,667 | -2,271 | - |
Change in other assets and liabilities, net | |||||||||
- | - | - | - | - | - | - | - | - | 3,356 |
Net cash provided by operating activities | |||||||||
22,569 | 25,277 | 27,124 | 29,792 | 29,758 | 25,884 | - | 13,204 | 17,263 | 11,263 |
Net cash provided by operating activities | |||||||||
- | - | - | - | - | - | 17,947 | - | - | - |
Cash flows from investing activities: | |||||||||
Net change in time deposits in other banks | |||||||||
- | - | - | - | - | 881 | 1 | 5,164 | 20,958 | -17,099 |
Proceeds from liquidation of equity security included in securities available-for-sale | |||||||||
- | - | - | - | - | - | - | - | 75 | 0 |
Proceeds from maturities and calls of securities available-for-sale | |||||||||
50,195 | 56,452 | 68,696 | 70,934 | 48,464 | 72,728 | 146,019 | 81,030 | 33,242 | 77,703 |
Proceeds from maturities and calls of securities held-to-maturity | |||||||||
18,644 | 15,417 | 17,589 | 23,288 | 14,344 | 22,946 | 24,340 | 900 | 1,455 | 3,453 |
Proceeds from sale of securities available-for-sale | |||||||||
8,965 | 16,979 | - | - | - | - | - | - | - | - |
Proceeds from sale of securities available-for-sale | |||||||||
- | - | 6,803 | 40,277 | 22,153 | 55,879 | 6,558 | 3,895 | 0 | 0 |
Proceeds from Sale of Held-to-maturity Securities | |||||||||
0 | 887 | 0 | 0 | - | - | - | - | - | - |
Purchases of securities available-for-sale | |||||||||
170,940 | 43,223 | - | - | - | - | - | - | - | - |
Purchases of securities available-for-sale | |||||||||
- | - | 104,491 | 156,449 | 1,250 | 68,043 | 100,384 | 149,332 | 26,107 | 121,369 |
Purchases of securities held-to-maturity | |||||||||
- | - | - | - | 1,104 | 26,382 | 38,160 | 101,493 | 0 | 0 |
Proceeds from redemption of other investments | |||||||||
0 | 57 | 600 | 2,180 | 150 | 1,600 | 500 | 82 | 0 | 600 |
Redemption of Capital Securities related to MidSouth Statutory Trust I | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Purchases of other investments | |||||||||
2,386 | 916 | 767 | 3,377 | 580 | 3,220 | 189 | 449 | 173 | 1,201 |
Redemption of Capital Securities related to MidSouth Statutory Trust I | |||||||||
- | - | - | - | 217 | 0 | - | - | - | - |
Proceeds from bank owned life insurance death benefit | |||||||||
- | - | 0 | 498 | 0 | 0 | - | - | - | - |
Redemption of Capital Securities related to MidSouth Statutory Trust I | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Net change in loans | |||||||||
-234,273 | -50,544 | 25,698 | -14,480 | 147,642 | 82,340 | 41,335 | 49,875 | 1,050 | -17,903 |
Purchases of premises and equipment | |||||||||
1,524 | 3,756 | 5,823 | 5,374 | 5,588 | 14,264 | 10,245 | 3,656 | 1,291 | 1,770 |
Proceeds from sale of premises and equipment | |||||||||
875 | 2,075 | 89 | 83 | 1,729 | 69 | 0 | 9 | 3 | 9 |
Net cash associated with Peoples State Bank acquisition | |||||||||
- | - | - | - | - | - | 7,044 | - | - | - |
Proceeds from sale of other real estate owned | |||||||||
1,108 | 1,763 | 3,170 | 1,514 | 3,794 | 1,215 | 555 | 541 | 766 | - |
Purchase of other real estate owned | |||||||||
- | - | 0 | 351 | 0 | 0 | - | - | 450 | 0 |
Proceeds from sale of other real estate owned | |||||||||
- | - | - | - | - | - | - | - | - | 177 |
Net cash provided by investing activities | |||||||||
139,210 | 96,279 | -39,832 | -12,297 | -65,313 | -38,931 | - | -47,506 | 27,428 | -41,594 |
Net cash provided by investing activities | |||||||||
- | - | - | - | - | - | -5,296 | - | - | - |
Cash flows from financing activities: | |||||||||
Change in deposits | |||||||||
-27,618 | -99,741 | 28,615 | -34,285 | 66,679 | -32,455 | -12,432 | 15,041 | 27,487 | 6,581 |
Change in securities sold under agreements to repurchase | |||||||||
-55,913 | -27,328 | 8,504 | 23,859 | 8,182 | 12,469 | -5,539 | 2,252 | -3,233 | 22,083 |
Borrowings from FHLB | |||||||||
330,000 | 90,000 | - | - | - | - | - | - | - | - |
Change in federal funds purchased | |||||||||
- | - | - | - | - | - | - | - | 1,700 | 13,200 |
Borrowings from FHLB | |||||||||
- | - | 25,000 | 150,000 | 120,000 | 25,000 | 0 | 0 | - | - |
Repayments to FHLB | |||||||||
352,500 | 65,046 | - | - | - | - | - | - | - | - |
Repayments of Federal Home Loan Bank advances | |||||||||
- | - | 50,068 | 150,064 | 120,061 | 57 | 0 | 0 | - | - |
Change in Federal Reserve Discount Window borrowings | |||||||||
- | - | - | - | - | - | - | - | - | 36,000 |
Proceeds from exercise of stock options | |||||||||
643 | 266 | 0 | 99 | 643 | 69 | 100 | 67 | 51 | 0 |
Repayments of notes payable | |||||||||
- | - | - | - | 1,000 | 1,000 | 0 | 0 | - | - |
Redemption of MidSouth Statutory Trust I | |||||||||
- | - | - | - | 7,217 | 0 | 0 | - | - | - |
Redemption of MidSouth Statutory Trust I | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Issuance of Series B preferred stock | |||||||||
- | - | - | - | - | - | - | 32,000 | 0 | 0 |
Redemption of Series A preferred stock | |||||||||
- | - | - | - | - | - | - | 20,000 | 0 | 0 |
Issuance of preferred stock and related common stock warrants | |||||||||
- | - | - | - | - | - | - | - | - | -19,954 |
Proceeds from issuance of common stock | |||||||||
0 | 57,151 | 0 | 0 | - | - | - | - | 4,768 | 32,448 |
Stock offering expenses | |||||||||
- | - | 0 | 0 | - | - | - | - | - | - |
Tax benefit from exercise of stock options | |||||||||
- | - | - | - | - | - | -1 | -1 | 0 | 3 |
Tax benefit | |||||||||
- | - | - | - | - | - | 0 | 0 | - | - |
Purchase of treasury stock | |||||||||
- | - | - | - | 9 | - | - | - | - | - |
Purchase of treasury stock | |||||||||
- | - | - | - | - | 0 | 0 | - | - | - |
Payment of dividends on preferred stock | |||||||||
3,239 | 3,242 | 2,221 | 689 | 704 | 1,519 | 1,579 | 938 | 1,001 | 850 |
Payment of dividends on common stock | |||||||||
662 | 2,880 | 4,095 | 4,086 | 3,838 | 3,320 | 2,932 | 2,725 | 2,507 | 2,117 |
Net cash used by financing activities | |||||||||
-109,289 | -50,820 | 5,735 | -15,166 | 62,696 | -795 | - | 25,698 | 23,865 | 28,896 |
Net cash used by financing activities | |||||||||
- | - | - | - | - | - | -22,381 | - | - | - |
Net increase in cash and cash equivalents | |||||||||
52,490 | 70,736 | -6,973 | 2,329 | 27,141 | -13,842 | -9,730 | -8,604 | 68,556 | -1,435 |
Supplemental cash flow information: | |||||||||
Interest paid | |||||||||
7,495 | 6,057 | - | - | - | - | - | - | - | - |
Interest paid | |||||||||
- | - | 5,700 | 5,695 | 6,041 | 6,534 | 5,978 | 5,608 | 7,544 | 10,684 |
Income taxes paid | |||||||||
0 | 2,500 | 4,473 | 6,641 | 8,065 | 3,500 | 2,785 | 835 | 1,051 | 1,045 |
Noncash investing and financing activities: | |||||||||
Transfer of held-to-maturity securities to available-for-sale | |||||||||
23,945 | 0 | - | - | - | - | - | - | - | - |
Transfer of loans to other real estate | |||||||||
456 | 1,993 | - | - | - | - | - | - | - | - |
Change in unrealized gains/losses on securities available-for-sale, net of tax | |||||||||
- | - | - | - | - | - | - | - | 278 | - |
Transfer of loans to other real estate | |||||||||
- | - | 1,345 | 1,228 | 447 | 1,053 | 879 | 7,319 | 1,222 | - |
Transfer of loans to held for sale | |||||||||
24,097 | 15,737 | 0 | 0 | - | - | - | - | - | - |
Common stock issued in acquisition | |||||||||
- | - | - | - | - | - | 11,530 | 8,838 | 0 | 0 |
Change in accrued common stock dividends | |||||||||
- | - | 0 | -10 | 121 | 167 | 1 | - | - | - |
Accretion of warrants | |||||||||
- | - | - | - | - | - | - | 592 | 197 | 197 |
Change in accrued preferred stock dividends | |||||||||
- | - | 640 | -3 | -6 | -188 | -32 | 400 | - | - |
Change in accrued common stock dividends | |||||||||
- | - | - | - | - | - | - | - | 218 | -272 |
Change in accrued preferred stock dividends | |||||||||
- | - | - | - | - | - | - | - | 0 | 128 |
Transfer of loans to other real estate | |||||||||
- | - | - | - | - | - | - | - | - | 1,070 |
Net change in loan to ESOP | |||||||||
- | - | -140 | -843 | -250 | 0 | 0 | 104 | 113 | -199 |
Change in unrealized gains/losses on securities available-for-sale, net of tax | |||||||||
- | - | -2,162 | -2,348 | 2,963 | -8,265 | 407 | 3,570 | - | 2,207 |
Change in unrealized gains on derivative instruments, net of tax | |||||||||
- | - | 642 | 0 | - | - | - | - | - | - |
Financed portion of sales of other real estate | |||||||||
- | - | - | - | 84 | 0 | 290 | 73 | 30 | 300 |