| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
25,736 | 24,920 | 18,457 | 19,583 | - | - | - | - | - | - |
Net income | |||||||||
- | - | - | - | - | 17,649 | 5,721 | 7,817 | 6,485 | 5,049 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation of premises and equipment | |||||||||
3,083 | 2,333 | 1,950 | 1,661 | 1,595 | 1,671 | 924 | 837 | 719 | 696 |
Amortization of right-of-use lease asset | |||||||||
398 | - | - | - | - | - | - | - | - | - |
Amortization of deferred loan costs | |||||||||
164 | -525 | -907 | -786 | -603 | -289 | - | -222 | -261 | -261 |
Amortization of intangibles | |||||||||
730 | 881 | 1,034 | 1,186 | 1,195 | 1,334 | 326 | - | - | - |
Amortization of low income housing partnerships | |||||||||
476 | 465 | 470 | - | - | - | - | - | - | - |
Net accretion of purchase accounting adjustments on tangible assets | |||||||||
- | - | - | - | - | - | 722 | - | - | - |
Amortization of low income housing partnerships | |||||||||
- | - | - | 477 | 635 | 248 | - | - | - | - |
Amortization of loss on investment tax credits | |||||||||
- | - | - | - | - | - | 140 | - | - | - |
Amortization of intangibles | |||||||||
- | - | - | - | - | - | - | 366 | 258 | 258 |
Provision for loan losses | |||||||||
6,100 | 4,200 | 4,800 | 5,000 | 3,700 | 3,524 | 2,361 | 1,794 | 2,202 | 1,735 |
Net unrealized gain (loss) on equity investment securities | |||||||||
132 | 14 | - | - | - | - | - | - | - | - |
Net gain (loss) on sale of other real estate owned | |||||||||
-9 | 21 | 11 | -137 | 132 | 70 | -91 | - | - | - |
Gain on life insurance proceeds | |||||||||
- | 368 | - | - | - | - | - | - | - | - |
Net loss on disposal of equipment | |||||||||
- | - | - | - | -87 | -63 | -438 | - | - | - |
Loans originated for sale | |||||||||
15,901 | 13,194 | 21,036 | 26,708 | 25,246 | 11,376 | - | - | - | - |
Proceeds from sale of loans originated for sale | |||||||||
15,753 | 12,650 | 21,149 | 27,593 | 29,604 | 10,295 | - | - | - | - |
Net gain on sale of loans originated for sale | |||||||||
89 | 99 | 219 | - | - | - | - | - | - | - |
Net gain on sale of loans originated for sale | |||||||||
- | - | - | 885 | 872 | 648 | - | - | - | - |
Loss on sale of other real estate owned | |||||||||
- | - | - | - | - | - | - | -1,671 | 56 | 13 |
Loss on disposal of equipment | |||||||||
- | - | - | - | - | - | - | -88 | - | 5 |
Net amortization of investment securities | |||||||||
-1,668 | -2,206 | -2,764 | -3,635 | -4,278 | -4,292 | -737 | -761 | -290 | -227 |
Net gain on sale of investment securities available-for-sale | |||||||||
23 | - | - | - | - | - | - | - | - | - |
Net gain on sale of investment securities available-for-sale | |||||||||
- | - | - | 623 | - | - | - | - | - | - |
Net gain on sale of credit card loans held for sale | |||||||||
- | 291 | - | - | - | - | - | - | - | - |
Net gain on sale of investment securities available-for-sale | |||||||||
- | - | - | - | 1,189 | 861 | 163 | 25 | 346 | -492 |
Net gain on sale of merchant services business | |||||||||
- | - | 2,278 | - | - | - | - | - | - | - |
Bank owned life insurance income | |||||||||
755 | 757 | 769 | 791 | 767 | 778 | 968 | - | - | - |
Life insurance proceeds | |||||||||
- | - | - | - | - | - | - | - | -320 | - |
Deferred income tax expense | |||||||||
394 | -681 | 1,665 | -1,442 | -841 | 1,146 | -1,143 | -183 | -188 | 1,514 |
Stock based compensation | |||||||||
554 | 272 | 177 | 71 | 69 | 70 | 25 | - | - | - |
Other-than-temporary impairment of investment equity securities | |||||||||
- | - | - | - | - | - | - | 87 | 164 | 206 |
Net income from investment in life insurance | |||||||||
- | - | - | - | - | - | - | 378 | 322 | 342 |
Net change in: | |||||||||
Loans held for sale | |||||||||
- | - | - | - | - | - | - | 539 | -740 | 1,338 |
Accrued interest receivable | |||||||||
-134 | 179 | 708 | 432 | 216 | -286 | -621 | 445 | 423 | 54 |
Other assets | |||||||||
3,363 | -816 | -2,023 | -1,373 | 213 | 4,860 | -4,086 | 1,597 | -641 | 3,568 |
Accrued interest payable | |||||||||
82 | 698 | 35 | -98 | -14 | -149 | -466 | -27 | -135 | -1,203 |
Other liabilities | |||||||||
2,389 | -1,736 | -1,817 | -2,470 | -820 | 2,074 | 1,048 | 1,540 | 1,126 | 224 |
Net cash provided by operating activities | |||||||||
- | - | - | - | - | 24,199 | 13,056 | - | - | - |
Net cash provided by operating activities | |||||||||
37,079 | 32,626 | 28,593 | 28,053 | 29,179 | - | - | 8,647 | 11,208 | 4,165 |
Cash flows from investing activities: | |||||||||
Proceeds from sales of investment securities available-for-sale | |||||||||
9,677 | - | - | - | - | - | - | - | - | - |
Proceeds from sales of investment securities available-for-sale | |||||||||
- | - | - | 27,408 | 81,983 | 15,389 | 4,573 | 22,497 | 64,439 | 62,172 |
Proceeds from repayments of investment securities: | |||||||||
Available-for-sale | |||||||||
57,477 | 31,093 | 55,800 | 53,128 | 58,318 | 47,149 | 24,221 | - | - | - |
Held-to-maturity | |||||||||
697 | 898 | 1,222 | 1,561 | 2,520 | 2,576 | 5,405 | - | - | - |
Purchases of investment securities: | |||||||||
Available-for-sale | |||||||||
124,501 | 32,709 | 73,471 | 62,022 | - | - | - | - | - | - |
Net purchase of restricted equity securities | |||||||||
2,739 | -1,100 | 1,511 | - | - | - | - | - | - | - |
Proceeds from repayments on investment securities available-for-sale | |||||||||
- | - | - | - | - | - | - | 3,459 | 19,605 | 8,274 |
Available-for-sale | |||||||||
- | - | - | - | 90,402 | 102,304 | 15,262 | 38,119 | 73,261 | 90,505 |
Held-to-maturity | |||||||||
- | - | - | - | - | - | 6,873 | - | - | - |
Net purchase of restricted equity securities | |||||||||
- | - | - | 1,648 | 1,716 | -415 | -110 | - | - | - |
Proceeds from sale of student loan portfolio | |||||||||
- | 5,103 | - | - | - | - | - | - | - | - |
Proceeds from sale of credit card loan portfolio | |||||||||
- | 2,698 | - | - | - | - | - | - | - | - |
Net increase in lending activities | |||||||||
119,998 | 141,277 | 163,236 | - | - | - | - | - | - | - |
Net increase in lending activities | |||||||||
- | - | - | -195,408 | -133,146 | -35,996 | -50,746 | - | - | - |
Investment in low income housing partnerships | |||||||||
- | - | - | 2,045 | 3,050 | 1,366 | - | - | - | - |
Investment in low income housing investment tax credits | |||||||||
- | - | - | - | - | - | 3,351 | - | - | - |
Net (increase) decrease in restricted stock | |||||||||
- | - | - | - | - | - | - | -268 | -228 | 212 |
Net increase in loans | |||||||||
- | - | - | - | - | - | - | 52,693 | 57,118 | 20,510 |
Purchases of premises and equipment | |||||||||
5,603 | 4,069 | 6,247 | 6,764 | 4,420 | 1,073 | 614 | 603 | 1,448 | 658 |
Proceeds from the sale of premises and equipment | |||||||||
- | 404 | - | - | 14 | 25 | - | - | - | - |
Proceeds from bank owned life insurance | |||||||||
- | -672 | - | 1,500 | - | - | - | - | - | - |
Proceeds from investment in life insurance | |||||||||
- | - | - | - | - | - | 1,226 | - | 549 | - |
Purchase of investment in life insurance | |||||||||
- | - | - | - | - | - | - | 2,000 | - | - |
Proceeds from the sale of merchant services business | |||||||||
- | - | 2,300 | - | - | - | - | - | - | - |
Proceeds from sale of other real estate owned | |||||||||
269 | 1,281 | 580 | 933 | 484 | 750 | 761 | 2,254 | 2,270 | 116 |
Net cash received from acquisition | |||||||||
- | - | - | - | - | - | 22,392 | - | - | - |
Net cash used in investing activities | |||||||||
- | - | - | - | - | -74,435 | -18,158 | - | - | - |
Purchase premium on investment advisory service | |||||||||
- | - | - | - | - | - | - | - | -750 | - |
Net cash used in investing activities | |||||||||
-184,721 | -134,806 | -184,563 | -186,357 | -89,415 | - | - | -64,937 | -45,486 | -41,323 |
Cash flows from financing activities: | |||||||||
Net increase (decrease) in deposits | |||||||||
96,467 | 156,004 | 130,261 | 132,947 | 30,252 | 46,051 | 28,949 | 55,549 | 28,696 | 38,770 |
Proceeds from long-term debt | |||||||||
16,000 | - | - | - | 30,000 | - | - | - | - | - |
Repayment of long-term debt | |||||||||
21,173 | 11,828 | 8,400 | 2,220 | 2,786 | 3,603 | 11,166 | 8,409 | 11,414 | 941 |
Net increase in short-term borrowings | |||||||||
65,650 | -37,175 | 40,975 | 44,375 | 18,768 | -2,495 | -3,704 | - | - | - |
Retirement of common stock | |||||||||
634 | - | - | 604 | 5,188 | 109 | - | - | - | - |
Net increase (decrease) in short-term borrowings | |||||||||
- | - | - | - | - | - | - | 5,067 | 18,285 | 2,007 |
Purchase of treasury stock | |||||||||
- | - | - | - | - | - | - | 835 | - | - |
Cash dividends paid | |||||||||
10,131 | 9,693 | 9,319 | 9,170 | - | - | - | - | - | - |
Reissuance of common shares | |||||||||
- | - | - | - | - | - | - | 159 | 117 | 85 |
Cash dividends paid | |||||||||
- | - | - | - | - | - | 5,511 | 2,523 | 2,480 | 2,381 |
Net cash provided by financing activities | |||||||||
- | - | - | - | - | 30,352 | 8,568 | - | - | - |
Net cash provided by financing activities | |||||||||
146,179 | 97,308 | 153,517 | 165,328 | 61,727 | - | - | 49,008 | 33,204 | 37,540 |
Net increase (decrease) in cash and cash equivalents | |||||||||
-1,463 | -4,872 | -2,453 | 7,024 | - | - | - | - | - | - |
Net (decrease) increase in cash and cash equivalents | |||||||||
- | - | - | - | 1,491 | -19,884 | 3,466 | -7,282 | -1,074 | 382 |
Supplemental disclosures: | |||||||||
Cash paid during the period for: | |||||||||
Interest | |||||||||
17,786 | 12,624 | 8,663 | 7,349 | 6,788 | - | - | - | - | - |
Interest | |||||||||
- | - | - | - | - | 6,791 | 4,635 | -5,666 | -6,633 | -8,461 |
Income taxes | |||||||||
4,550 | 2,650 | 5,900 | 5,900 | 4,200 | 5,000 | 2,700 | -2,575 | -354 | -815 |
Noncash items: | |||||||||
Transfers of loans to other real estate | |||||||||
421 | 1,432 | 460 | 757 | 869 | 593 | 273 | -595 | -179 | -492 |
Retirement of treasury shares | |||||||||
- | - | - | - | - | 6,300 | - | - | - | - |
Investment securities available-for-sale | |||||||||
- | - | - | - | - | - | 156,435 | - | - | - |
Restricted equity securities | |||||||||
- | - | - | - | - | - | 997 | - | - | - |
Loans, net | |||||||||
- | - | - | - | - | - | 504,002 | - | - | - |
Accrued interest receivable | |||||||||
- | - | - | - | - | - | 3,625 | - | - | - |
Premises and equipment | |||||||||
- | - | - | - | - | - | 11,737 | - | - | - |
Core deposit and other intangible assets | |||||||||
- | - | - | - | - | - | 6,323 | - | - | - |
Other assets | |||||||||
- | - | - | - | - | - | 18,647 | - | - | - |
Fair value of assets acquired, net | |||||||||
- | - | - | - | - | - | 701,766 | - | - | - |
Deposits | |||||||||
- | - | - | - | - | - | 628,304 | - | - | - |
Short-term borrowings | |||||||||
- | - | - | - | - | - | 17,737 | - | - | - |
Long-term debt | |||||||||
- | - | - | - | - | - | 2,516 | - | - | - |
Accrued interest payable | |||||||||
- | - | - | - | - | - | 473 | - | - | - |
Other liabilities | |||||||||
- | - | - | - | - | - | 5,976 | - | - | - |
Fair value of liabilities assumed, net | |||||||||
- | - | - | - | - | - | 655,006 | - | - | - |
Loans to facilitate sale of other real estate | |||||||||
- | - | - | - | - | - | - | -3,000 | - | - |