| 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 income | |||||||||
27,217 | 15,963 | 13,155 | 10,464 | 7,092 | 7,747 | 7,465 | 5,231 | 1,429 | 2,123 |
Adjustments to reconcile net income to net cash provided by operating activities | |||||||||
Depreciation and amortization | |||||||||
3,147 | 2,476 | 2,582 | 2,332 | 2,264 | 1,850 | 1,430 | 1,098 | - | - |
Depreciation and amortization | |||||||||
- | - | - | - | - | - | - | - | 807 | 699 |
Provision for loan losses | |||||||||
1,848 | 955 | 1,584 | 1,310 | 2,827 | 1,504 | 1,525 | 1,800 | 1,082 | 900 |
Amortization of premium and discounts | |||||||||
- | - | - | - | - | - | - | - | 332 | - |
Change in deferred loan fees net of costs | |||||||||
456 | 409 | 329 | 1 | 253 | -73 | 342 | 265 | 16 | - |
Gain on sales or calls of securities | |||||||||
- | 35 | 1,227 | 65 | 129 | 641 | 1,156 | 140 | - | 158 |
Amortization of premiums and discounts | |||||||||
722 | 968 | 1,082 | 910 | 933 | 1,259 | 1,115 | 820 | - | - |
Origination of loans held for sale | |||||||||
105,458 | 95,358 | 100,887 | 103,508 | 54,257 | -1,875 | - | - | - | - |
Cash paid to suppliers and employees | |||||||||
- | - | - | - | - | 30,225 | 21,033 | 17,822 | 9,805 | 12,328 |
Originations of loans held for sale | |||||||||
- | - | - | - | - | 31,959 | - | - | - | - |
Proceeds from sale of loans held for sale | |||||||||
98,297 | 99,373 | 100,581 | 99,944 | 51,723 | 33,834 | - | - | - | - |
Loss on write down of stock | |||||||||
-152 | - | - | - | - | - | - | - | - | - |
Income on marketable loans | |||||||||
1,822 | 2,319 | 2,317 | 2,019 | 771 | - | - | - | - | - |
Loss on sales of other real estate owned | |||||||||
-52 | 13 | 77 | -49 | 697 | 144 | 110 | 248 | 192 | - |
Gain (loss) on the sale of loans | |||||||||
556 | 94 | - | 0 | - | 3,890 | - | - | - | - |
Write down of other real estate owned | |||||||||
- | - | - | - | - | 334 | 281 | - | - | - |
Gain on the sale of equity securities | |||||||||
- | - | - | - | 96 | - | - | - | - | - |
Write down of other real estate owned | |||||||||
- | - | - | 145 | - | - | - | - | - | - |
Gain on sale of fixed assets | |||||||||
13 | 73 | 27 | 14 | -30 | -104 | 7 | -5 | - | -4 |
Amortization of intangible assets | |||||||||
2,179 | 968 | 830 | 792 | 866 | 838 | 727 | 584 | - | 92 |
Deferred income taxes | |||||||||
3,716 | 1,139 | 7,509 | 2,496 | -2,107 | - | - | - | - | -228 |
Other than temporary impairment on equity securities | |||||||||
- | - | - | - | - | - | - | 123 | - | - |
Deferred income taxes | |||||||||
- | - | - | - | - | 740 | 71 | -196 | - | - |
Deferred income taxes | |||||||||
- | - | - | - | - | - | - | - | -24 | - |
Stock based compensation awards | |||||||||
1,192 | 694 | 562 | 418 | 336 | 230 | 176 | 132 | 118 | 119 |
Increase (decrease) in | |||||||||
Accrued interest payable | |||||||||
1,372 | 155 | 852 | 128 | 1 | -293 | -85 | - | -83 | -107 |
Income tax payable | |||||||||
-2,157 | 2,138 | -3,596 | 3,130 | -2,071 | 2,321 | -240 | - | -175 | 175 |
Supplemental executive retirement plan | |||||||||
104 | 279 | 277 | 241 | 173 | 305 | 273 | - | - | - |
Deferred loan fees net of costs | |||||||||
- | - | - | - | - | - | - | - | - | 99 |
Other liabilities | |||||||||
-1,484 | -2,305 | 593 | -1,531 | 467 | -2,034 | 279 | -886 | 306 | -3,047 |
Decrease (increase) in | |||||||||
Accrued interest receivable | |||||||||
768 | 612 | 463 | 342 | -214 | -92 | 190 | 66 | 197 | -36 |
Bank owned life insurance | |||||||||
1,488 | 969 | 951 | 866 | 852 | 721 | 452 | 209 | 280 | 326 |
Annuity plan | |||||||||
286 | - | - | 0 | - | - | - | - | - | - |
Income tax receivable | |||||||||
1,903 | - | - | - | - | - | - | - | 189 | -35 |
Settlement of prepaid pension plan | |||||||||
- | - | - | - | - | - | -1,052 | -339 | - | - |
Other assets | |||||||||
-312 | -1,241 | -624 | 13 | -4,512 | -4,046 | -26 | -3,464 | -371 | 843 |
Income taxes paid | |||||||||
- | - | - | - | - | - | 2,889 | 227 | 1,386 | 1,073 |
Net cash provided by operating activities | |||||||||
- | - | - | - | 10,206 | 15,600 | 11,837 | 11,585 | - | - |
Net cash provided by operating activities | |||||||||
23,922 | 24,161 | 20,356 | 14,002 | - | 15,600 | 11,837 | 11,585 | 3,288 | -624 |
Cash flows from investing activities | |||||||||
Cash and cash equivalents of acquired bank, net of cash consideration | |||||||||
21,617 | 35,566 | - | 6,344 | - | 38,846 | - | 41,967 | - | - |
Acquisition cash consideration | |||||||||
- | - | - | 2,852 | - | 16,966 | - | 1,022 | - | - |
Net change in time deposits in other banks | |||||||||
- | - | - | - | - | - | - | 297 | 14,734 | -1,764 |
Held to maturity | |||||||||
- | - | - | - | - | - | - | - | 20,316 | - |
Purchase of investment securities available for sale | |||||||||
26,342 | 50,360 | 153,226 | 51,567 | 28,384 | 27,016 | 89,682 | 75,476 | 16,277 | 12,868 |
Held to maturity at maturity or call | |||||||||
- | - | - | - | - | - | - | - | 4,561 | 2,203 |
Held to maturity sold | |||||||||
- | - | - | - | - | - | - | 514 | - | - |
Available for sale at maturity, call or paydowns | |||||||||
20,740 | 23,489 | 32,295 | 0 | 16,528 | 34,988 | 49,090 | 32,115 | 10,575 | 10,197 |
Available for sale sold | |||||||||
51,650 | 53,802 | 107,993 | 41,835 | 26,999 | 60,349 | 30,961 | 10,133 | - | 4,243 |
Annuity Plan | |||||||||
- | -5,981 | - | - | - | - | - | - | - | - |
Loans made, net of principal collected | |||||||||
165,816 | 117,568 | 214,308 | 129,132 | 82,548 | 91,899 | - | - | - | - |
Purchase of bank owned life insurance | |||||||||
8,500 | - | - | - | - | - | - | - | - | - |
Proceeds from sale of other real estate owned | |||||||||
-2,109 | -1,178 | -1,034 | - | - | - | - | - | - | - |
Purchase of premises and equipment | |||||||||
1,470 | 2,735 | 3,151 | 2,399 | 1,251 | 1,554 | 3,370 | 2,994 | 349 | 5,642 |
Loans made, net of principal collected | |||||||||
- | - | - | - | - | - | -57,879 | -50,566 | -37,039 | -34,755 |
Proceeds from sale of other real estate owned | |||||||||
- | - | - | 1,413 | 3,978 | 4,610 | 980 | 434 | 415 | - |
Change in equity securities | |||||||||
-166 | 674 | 3,361 | -869 | - | - | - | - | - | - |
Investment in improvements other real estate owned | |||||||||
- | - | - | - | - | - | -15 | -88 | - | - |
Change in equity securities | |||||||||
- | - | - | - | 233 | 1,970 | -238 | -314 | -394 | 831 |
Proceeds from the sale of premises and equipment | |||||||||
- | - | - | - | - | - | 30 | - | - | - |
Proceeds from the sale of premises and equipment | |||||||||
-13 | -73 | -27 | -14 | 30 | 104 | - | - | - | - |
Net cash used in investing activities | |||||||||
- | - | - | - | -64,942 | 16,250 | -69,648 | -43,350 | - | - |
Net cash used in investing activities | |||||||||
-105,831 | -63,208 | -232,696 | -135,474 | - | - | - | - | -43,301 | -39,216 |
Cash flows from financing activities | |||||||||
Time deposits | |||||||||
335,228 | 69,431 | 17,131 | 94,563 | -17,535 | 55,663 | -24,883 | -5,627 | -1,930 | 40,266 |
Other deposits | |||||||||
-233,451 | -20,276 | 72,868 | 21,602 | 58,915 | -32,956 | 69,573 | 58,362 | 56,109 | 14,650 |
Short term borrowing advances | |||||||||
- | - | - | - | - | - | - | - | -10,480 | -1,623 |
Short term borrowings | |||||||||
-5,527 | 4,424 | 75,876 | 46,554 | 11,472 | -48,625 | -767 | 13,609 | - | - |
Long term borrowings | |||||||||
264 | 264 | 28,249 | -16,200 | -105 | - | - | - | - | - |
Long term borrowings | |||||||||
- | - | - | - | - | 99 | 92 | 10,087 | 82 | 5,077 |
Stock proceeds from stock repurchase program | |||||||||
- | - | - | -5,320 | - | - | - | - | - | - |
Proceeds from stock options exercised | |||||||||
1,033 | 665 | 837 | 816 | 277 | - | - | - | - | - |
Repurchase of stock through stock repurchase program | |||||||||
-207 | - | - | - | - | - | - | - | - | - |
Proceeds from stock options exercised, including tax benefit | |||||||||
- | - | - | - | - | - | - | - | 53 | - |
Private placement-common stock | |||||||||
- | - | - | - | - | 12,177 | - | 6,332 | - | - |
Cash dividends paid-common stock | |||||||||
6,103 | 3,751 | 2,603 | 2,245 | 1,941 | 1,490 | 1,092 | 821 | 465 | 463 |
Repurchase of preferred stock & warrants | |||||||||
- | - | - | - | - | - | - | - | - | -7,225 |
Cash dividends paid-preferred stock | |||||||||
- | - | - | - | - | - | - | - | - | 213 |
Purchase of minority member(s) interest | |||||||||
- | - | 258 | 0 | - | - | - | - | 13 | - |
Net cash provided by financing activities | |||||||||
- | - | - | - | 51,082 | -31,483 | 42,865 | 60,786 | - | - |
Proceeds from stock options exercised | |||||||||
- | - | - | - | - | 814 | 127 | 40 | - | - |
Net increase (decrease) in cash and cash equivalents | |||||||||
- | - | - | - | -3,653 | 367 | -14,945 | 29,021 | - | - |
Net cash provided by financing activities | |||||||||
91,235 | 50,758 | 192,102 | 139,768 | - | - | - | - | 43,191 | 40,313 |
Net increase in cash and cash equivalents | |||||||||
9,326 | 11,710 | -20,237 | 18,295 | - | - | - | - | 3,178 | 472 |
Supplemental Disclosure of Cash Flow Information: | |||||||||
Interest | |||||||||
19,955 | 11,343 | 6,423 | - | - | - | - | - | - | - |
Interest | |||||||||
- | - | - | 4,735 | - | - | - | - | - | - |
Interest received | |||||||||
- | - | - | - | - | 45,688 | 38,804 | 32,808 | 18,626 | 17,125 |
Fees and commissions received | |||||||||
- | - | - | - | - | 3,473 | 2,098 | 2,144 | 878 | 1,339 |
Interest | |||||||||
- | - | - | - | 2,898 | 4,495 | 5,143 | 5,317 | 5,025 | 5,687 |
Income taxes | |||||||||
10,405 | 4,874 | 2,725 | 415 | -1,156 | -714 | - | - | - | - |
Net cash provided by (used in) operating activities | |||||||||
23,922 | 24,161 | 20,356 | 14,002 | - | - | - | - | 3,288 | -624 |
Loans transferred to other real estate owned | |||||||||
1,041 | 422 | 1,230 | 820 | - | - | - | - | -1,376 | - |
Loans transferred to other real estate owned | |||||||||
- | - | - | 820 | 1,421 | 1,159 | 849 | 1,114 | - | - |
Total merger consideration | |||||||||
143,619 | 40,850 | - | 6,996 | - | - | - | - | - | - |