| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net earnings | ||||||
42,444 | 20,068 | 17,853 | 9,605 | 5,403 | 4,006 | 2,057 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||
Provision for loan losses | ||||||
4,723 | 3,894 | 3,248 | 1,113 | 978 | - | 125 |
Net earnings attributable to noncontrolling interest | ||||||
2,469 | 1,907 | 1,564 | 2,069 | 512 | - | - |
Depreciation, amortization and accretion, net | ||||||
-372 | -386 | 1,065 | 1,067 | 933 | - | 621 |
Gain on sale of premises and equipment | ||||||
4 | -8 | -7 | -85 | - | - | - |
Gain on ineffective portion of fair value hedge derivative | ||||||
8 | 48 | 45 | -23 | -128 | - | - |
Change in mortgage loan derivative | ||||||
-289 | 139 | 62 | 86 | 18 | - | - |
Deferred tax expense | ||||||
4,010 | 7,189 | 894 | 1,640 | 552 | - | 1,000 |
Excess tax benefit from share-based compensation | ||||||
1,058 | 799 | - | 0 | - | - | - |
Gain on sale of investment securities available-for-sale | ||||||
193 | -91 | - | 0 | -33 | - | - |
Loss on trade or sale of premises and equipment | ||||||
- | - | - | - | -1 | - | - |
Share-based compensation expense | ||||||
2,097 | 1,684 | 1,226 | 930 | 358 | - | 112 |
Income from bank-owned life insurance | ||||||
1,225 | 855 | 810 | 433 | 242 | - | 194 |
Net gain on sale of other real estate | ||||||
56 | 44 | 244 | -24 | 13 | - | 396 |
Other real estate write-downs | ||||||
- | 219 | - | 100 | 0 | - | - |
Change in (net of effect of business combinations): | ||||||
Mortgage loans held-for-sale | ||||||
-14,161 | -10,810 | 353 | 5,691 | 2,170 | - | 5,939 |
Other assets and accrued interest receivable | ||||||
131 | 66 | -386 | -12,380 | 1,321 | - | -184 |
Other liabilities and accrued interest payable | ||||||
-9,303 | 2,137 | 4,753 | 944 | -486 | - | 1,266 |
Net cash provided by operating activities | ||||||
57,843 | 45,670 | 29,482 | 23,770 | 4,648 | - | -1,164 |
Cash flows from investing activities (net of effect of business combinations): | ||||||
Proceeds from calls, maturities, and paydowns of securities available-for-sale | ||||||
64,720 | 25,705 | 35,429 | 9,955 | 5,386 | - | 10,651 |
Proceeds from calls, maturities, and paydowns of securities held-to-maturity | ||||||
687 | 900 | 997 | 148 | 0 | - | - |
Proceeds from sale of securities available-for-sale | ||||||
154,708 | 22,240 | 1,495 | 0 | 35,377 | - | 0 |
Purchases of securities available-for-sale | ||||||
159,185 | 45,072 | 57,725 | 12,898 | 1,501 | - | 981 |
Purchases of securities held-to-maturity | ||||||
500 | 250 | - | 24,545 | 0 | - | - |
Proceeds from sale of other investments | ||||||
488 | - | 693 | 702 | 427 | - | 315 |
Purchases of other investments | ||||||
4,336 | 3,078 | 2,337 | 1,516 | 160 | - | 634 |
Net cash received in acquisitions | ||||||
-47,858 | -12,710 | - | 4,233 | -20,170 | - | - |
Net change in loans | ||||||
240,289 | 268,060 | 165,711 | 176,082 | 75,195 | - | 142,155 |
Proceeds from sale of other real estate | ||||||
1,136 | 2,309 | 2,622 | 169 | 65 | - | 1,546 |
Proceeds from death benefit of bank-owned life insurance | ||||||
- | 599 | - | 0 | - | - | - |
Investment in bank-owned life insurance | ||||||
3,200 | - | - | 12,051 | 0 | - | 3,000 |
Proceeds from the sale of premises and equipment | ||||||
652 | 2,342 | 225 | 49 | 0 | - | - |
Purchases of premises and equipment | ||||||
8,233 | 18,732 | 2,848 | 2,968 | 2,832 | - | 5,925 |
Net cash used by investing activities | ||||||
-145,494 | -268,387 | -187,161 | -223,270 | -18,263 | - | -140,183 |
Cash flows from financing activities (net of effect of business combinations): | ||||||
Net change in deposits | ||||||
87,643 | 202,118 | 153,412 | 265,768 | 92,483 | - | 255,658 |
Proceeds from Federal Home Loan Bank advances | ||||||
- | - | - | - | - | - | 15,000 |
Proceeds from Federal Home Loan Bank advances | ||||||
- | - | 15,000 | 0 | 4,874 | - | 7,000 |
Repayment of Federal Home Loan Bank advances | ||||||
18,000 | - | - | - | - | - | - |
Net change in other borrowings | ||||||
94 | -860 | - | -9,526 | - | - | - |
Repayment of short-term debt | ||||||
- | - | - | - | 77,801 | - | - |
Issuance of subordinated debt | ||||||
- | - | 25,000 | 0 | 0 | - | - |
Debt offering expenses | ||||||
- | - | 533 | 0 | 0 | - | - |
Cash distribution paid to noncontrolling interests | ||||||
2,162 | 1,868 | 1,627 | 1,936 | 207 | - | - |
Repayment of non-recourse debt | ||||||
- | - | - | - | - | - | 336 |
Stock repurchase | ||||||
- | - | - | - | 2 | - | - |
Proceeds from stock offering | ||||||
- | 38,806 | - | 34,495 | 3,000 | - | - |
Stock offering expenses | ||||||
- | 103 | - | 732 | 28 | - | - |
Stock offering expenses related to acquisition | ||||||
230 | 194 | - | 219 | 272 | - | - |
Proceeds from exercise of options and warrants | ||||||
2,149 | 2,813 | 1,263 | 672 | 615 | - | - |
Net cash (used) provided by financing activities | ||||||
69,494 | 240,712 | 162,515 | 288,522 | 12,914 | - | 263,322 |
Net change in cash and cash equivalents | ||||||
-18,158 | 17,995 | 4,836 | 89,022 | -701 | - | 121,975 |
Cash paid during the period for: | ||||||
Interest | ||||||
21,394 | 10,351 | 7,179 | 4,600 | 2,914 | - | 3,239 |
Income taxes | ||||||
11,617 | 12,759 | 7,143 | 3,545 | 3,233 | - | 25 |
Non-cash investing and financing activities: | ||||||
Unrealized gains arising during the period, net of tax of $143 and $20, respectively | ||||||
- | - | - | - | - | -1,180 | - |
Change in unrealized (losses) gains on securities available-for-sale, net of tax | ||||||
-2,677 | 141 | -299 | -297 | 554 | -30 | 222 |
Transfer of loans to other real estate | ||||||
721 | 488 | 481 | 3,173 | 0 | - | 340 |
Transfer of premises held-for-sale to premises and equipment | ||||||
- | - | - | - | - | - | 3,014 |
Assets acquired and liabilities assumed in acquisitions: | ||||||
Assets acquired in acquisitions | ||||||
1,318,959 | 507,404 | - | 327,198 | 307,148 | - | - |
Liabilities assumed in acquisitions | ||||||
1,113,817 | 420,453 | - | 387,136 | 290,029 | - | - |
Tax benefit resulting from exercise of stock options | ||||||
- | - | 375 | 59 | 0 | - | - |
Other comprehensive income | ||||||
- | - | - | - | - | -1,210 | - |
Comprehensive income | ||||||
- | - | - | - | - | 2,796 | - |