| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net income | ||||||
24,824 | 23,056 | |||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||
Depreciation | ||||||
1,700 | 1,659 | |||||
Amortization | ||||||
619 | 382 | |||||
Share-based compensation earned | ||||||
227 | 193 | |||||
Share-based board compensation earned | ||||||
87 | 96 | |||||
(Gain) Loss on other assets owned | ||||||
18 | 243 | |||||
Net (accretion) amortization on securities AFS | ||||||
1,380 | 1,311 | |||||
Net (accretion) amortization on securities HTM | ||||||
0 | 11 | |||||
Gain on sale of securities AFS | ||||||
18 | 32 | |||||
Provision for loan losses | ||||||
1,810 | 1,990 | |||||
Deferred income tax (benefit) expense | ||||||
-556 | -452 | |||||
Net (increase) decrease in loans HFS | ||||||
2,185 | 1,037 | |||||
Net (increase) decrease in accrued interest receivable | ||||||
238 | 82 | |||||
Net (increase) decrease in BOLI | ||||||
-544 | -732 | |||||
Net increase (decrease) in accrued interest payable | ||||||
465 | 254 | |||||
Other operating activities, net | ||||||
1,143 | 359 | |||||
Net cash provided by (used in) operating activities | ||||||
26,443 | 26,015 | |||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Activity in securities AFS: | ||||||
Sales | ||||||
58,859 | 5,282 | |||||
Maturities, prepayments, and calls | ||||||
67,100 | 52,692 | |||||
Payments to Acquire Debt Securities, Available-for-sale | ||||||
145,600 | 20,728 | |||||
Activity in securities HTM: | ||||||
Maturities, prepayments, and calls | ||||||
0 | 1,235 | |||||
Purchase of nonmarketable equity securities | ||||||
51 | 29 | |||||
Net (increase) decrease in loans HFI | ||||||
112,574 | 82,923 | |||||
Proceeds from the settlement of insurance claims | ||||||
0 | 868 | |||||
Proceeds from sales of foreclosed assets | ||||||
1,164 | 1,389 | |||||
Purchases of premises and equipment | ||||||
3,772 | 5,432 | |||||
Net cash used in investing activities | ||||||
-134,819 | -47,646 | |||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Net increase (decrease) in deposits | ||||||
75,537 | 119,598 | |||||
Repayments of other borrowed funds | ||||||
0 | 182 | |||||
Redemption of junior subordinated debentures | ||||||
11,341 | 0 | |||||
Payment to repurchase common stock | ||||||
0 | 4,590 | |||||
Proceeds from exercise of stock options | ||||||
80 | 53 | |||||
Proceeds from Issuance or Sale of Equity | ||||||
26,812 | 0 | |||||
Cash dividends | ||||||
1,326 | 1,009 | |||||
Net cash provided by financing activities | ||||||
89,762 | 113,870 | |||||
Net change in cash and cash equivalents | ||||||
-18,614 | 92,239 | |||||
SUPPLEMENTAL DISCLOSURES | ||||||
Cash paid during the year for: | ||||||
Interest | ||||||
9,621 | 7,395 | |||||
Income taxes | ||||||
6,286 | 5,503 | |||||
Initial measurement and recognition of operating lease assets in exchange for lease liabilities | ||||||
4,954 | 0 | |||||
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||||
Assets acquired in settlement of loans | ||||||
1,691 | 1,790 | |||||
Transfers of investment securities between HTM and AFS | ||||||
0 | 7,745 | |||||
Unsettled securities AFS purchases at period-end | ||||||
965 | 0 | |||||