| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | |||||||||
Net income | |||||||||
22,543 | 9,923 | 5,691 | 5,523 | 3,700 | 2,600 | 1,428 | 735 | 2,470 | 2,176 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Provision for loan losses | |||||||||
2,531 | 1,437 | 1,586 | 1,291 | 636 | 1,537 | 2,745 | 4,330 | 3,306 | 3,280 |
Depreciation and amortization | |||||||||
2,049 | 1,836 | 1,061 | 1,115 | 998 | 797 | 669 | 682 | 607 | 736 |
Net change in trading securities | |||||||||
- | - | - | - | - | - | - | - | - | -714 |
Impairment charge on equity securities | |||||||||
- | - | - | - | - | - | - | - | 231 | 171 |
Net amortization of securities premiums and discounts | |||||||||
-1,678 | -2,046 | -1,656 | -1,546 | -1,787 | -1,711 | -3,057 | -2,900 | -1,009 | -378 |
Amortization of subordinated debt issuance costs | |||||||||
10 | 11 | 8 | 0 | - | - | - | - | - | - |
Net realized (gain) on sale of securities | |||||||||
2,055 | 36 | - | - | - | - | - | - | - | - |
Net realized (gain) loss on sale of securities | |||||||||
- | - | -9 | 444 | 271 | 289 | 393 | 1,799 | 645 | 52 |
Net realized loss (gain) on disposal of premises and equipment | |||||||||
-334 | 9 | 7 | -19 | -130 | -5 | - | - | - | - |
Net realized gain on sale of loans held for sale | |||||||||
- | - | - | - | - | - | - | 47 | - | - |
Proceeds from the sale of loans held for sale | |||||||||
- | - | - | - | - | - | - | 638 | - | - |
Net realized loss (gain) on sale of premises and equipment | |||||||||
- | - | - | - | - | - | 1 | -9 | - | 2 |
Net realized (gain) on sale of foreclosed real estate | |||||||||
115 | 18 | 46 | -7 | 38 | 10 | 17 | 39 | -38 | 18 |
Write-downs of and provisions for foreclosed real estate | |||||||||
156 | 218 | 236 | 251 | 314 | 222 | 1,177 | 1,785 | 145 | 241 |
Deferred income tax (benefit) | |||||||||
562 | 446 | -637 | -9 | -187 | 925 | -1,135 | 329 | 378 | - |
Earnings on bank-owned life insurance | |||||||||
931 | 761 | 522 | 308 | 313 | 322 | - | - | - | - |
Deferred income taxes | |||||||||
- | - | - | - | - | - | - | - | - | -125 |
Earnings on bank-owned life insurance | |||||||||
- | - | - | - | - | - | 353 | 394 | 419 | 313 |
Compensation expense for stock options and restricted stock grants | |||||||||
1,061 | 816 | 709 | 411 | 374 | 304 | 236 | 153 | 94 | 65 |
Decrease (increase) in assets: | |||||||||
Accrued interest receivable | |||||||||
-371 | 2,370 | 414 | 294 | -32 | 154 | -99 | 6 | -181 | -27 |
Other assets | |||||||||
4,944 | -3,138 | 1,145 | 721 | -341 | -1,531 | 940 | -538 | -632 | -1,860 |
Increase in accrued interest payable and other liabilities | |||||||||
4,273 | 418 | - | - | - | - | - | - | - | - |
Increase in accrued interest payable and other liabilities | |||||||||
- | - | 411 | 735 | 140 | 727 | -263 | -251 | -284 | -242 |
Net Cash Provided by Operating Activities | |||||||||
26,399 | 16,203 | 9,870 | 9,140 | 8,017 | - | - | - | 7,555 | 9,380 |
Net Cash Provided by Operating Activities | |||||||||
- | - | - | - | - | 7,734 | 9,105 | 9,407 | - | - |
Cash Flows from Investing Activities | |||||||||
Net cash acquired in acquisition | |||||||||
0 | 15,846 | 0 | - | - | - | - | - | - | - |
Securities available for sale: | |||||||||
Purchases | |||||||||
141,584 | 101,664 | - | - | - | - | - | - | - | - |
Sales | |||||||||
103,285 | 82,725 | - | - | - | - | - | - | - | - |
Purchases | |||||||||
- | - | 61,190 | 42,943 | 46,704 | 24,437 | 32,388 | 96,002 | 53,654 | 46,867 |
Sales | |||||||||
- | - | 42,594 | 36,483 | 20,718 | 27,905 | 15,125 | 37,544 | 14,670 | 1,081 |
Maturities, calls and principal repayments | |||||||||
11,220 | 9,659 | 8,532 | 9,156 | 8,559 | 11,721 | 38,672 | 34,235 | 32,535 | 29,303 |
Securities held to maturity: | |||||||||
Purchases | |||||||||
1,490 | 1,279 | 2,478 | 8,763 | 2,953 | 2,099 | 2,122 | 2,623 | 3,227 | 1,000 |
Sales | |||||||||
- | - | - | 1,008 | 0 | - | - | - | - | - |
Maturities, calls and principal repayments | |||||||||
1,529 | 2,466 | 8,763 | 2,952 | 2,099 | 2,122 | 1,223 | 1,581 | - | - |
Net (increase) in loans | |||||||||
156,717 | 161,240 | 126,885 | 152,748 | 73,585 | 83,498 | 51,203 | 18,518 | 8,260 | 8,980 |
Net maturities of interest bearing time deposits | |||||||||
- | - | - | - | - | - | - | - | 500 | -500 |
Proceeds from the sale of foreclosed real estate | |||||||||
1,922 | 836 | 834 | 1,458 | 2,267 | 875 | 5,629 | 2,029 | 1,001 | 2,549 |
Purchases of bank premises and equipment | |||||||||
2,432 | 1,426 | 1,184 | 988 | 1,392 | 2,586 | 1,508 | 396 | 626 | 406 |
Proceeds from the sale of premises and equipment | |||||||||
590 | 53 | 32 | 5 | 35 | 26 | 13 | 12 | - | 2 |
Purchases of bank owned life insurance | |||||||||
500 | 5,000 | 5,000 | 3,700 | 0 | - | - | - | - | - |
Payback of bank owned life insurance | |||||||||
- | - | - | - | - | - | - | - | 550 | 6,500 |
Net (increase) in other bank stock | |||||||||
734 | 3,304 | -181 | -59 | 1,257 | 1,203 | 725 | 106 | -398 | 190 |
Net Cash Used in Investing Activities | |||||||||
-184,911 | -162,328 | -135,801 | -158,021 | -92,213 | - | - | - | -17,213 | -31,508 |
Net Cash Used in Investing Activities | |||||||||
- | - | - | - | - | -71,174 | -27,284 | -42,244 | - | - |
Cash Flows from Financing Activities | |||||||||
Net increase in deposits | |||||||||
171,102 | 92,970 | 101,570 | 143,065 | 59,586 | 27,973 | -2,139 | 7,060 | 39,409 | 13,892 |
Net increase (decrease) in short-term borrowed funds | |||||||||
17,705 | 85,450 | 25,545 | -4,845 | 11,150 | - | - | - | - | - |
Increase in short-term borrowed funds | |||||||||
- | - | - | - | - | 23,500 | - | - | - | - |
Proceeds from long-term borrowings | |||||||||
15,122 | 0 | - | 10,000 | 20,000 | 10,000 | 15,000 | - | - | - |
Repayment of long-term borrowings | |||||||||
19,620 | 15,000 | 31,000 | 5,000 | 5,000 | 5,000 | - | - | - | - |
Net proceeds from capital raise | |||||||||
0 | 0 | 28,027 | - | - | - | - | - | - | - |
Proceeds from subordinated debt, net of issuance cost of $47 | |||||||||
- | - | - | 14,953 | 0 | - | - | - | - | - |
Net proceeds from capital raise | |||||||||
- | - | - | 0 | - | - | 6,896 | - | - | - |
Proceeds from borrowings | |||||||||
- | - | - | - | - | - | - | - | - | 10,000 |
Repayments of borrowings | |||||||||
- | - | - | - | - | - | - | - | - | 7,090 |
Purchase of treasury stock | |||||||||
5,446 | 0 | - | 26 | 533 | - | - | 55 | - | 4 |
Proceeds from exercise of stock options | |||||||||
- | - | - | 4 | 0 | - | - | - | - | - |
Dividends paid | |||||||||
3,029 | 2,263 | 1,203 | 752 | 746 | 420 | - | - | - | - |
Net Cash Provided by Financing Activities | |||||||||
175,834 | 161,157 | 122,939 | 157,399 | 84,457 | - | - | - | 29,409 | 16,798 |
Net increase in Cash and Cash Equivalents | |||||||||
17,322 | 15,032 | - | - | - | - | - | - | - | - |
Increase in borrowed funds | |||||||||
- | - | - | - | - | - | - | - | -10,000 | - |
Net Cash Provided by Financing Activities | |||||||||
- | - | - | - | - | 56,053 | 19,757 | 7,005 | - | - |
Net Increase in Cash and Cash Equivalents | |||||||||
- | - | -2,992 | 8,518 | 261 | -7,387 | 1,578 | -25,832 | 19,751 | -5,330 |
Supplementary Cash Flows Information | |||||||||
Interest paid | |||||||||
23,263 | 11,619 | 6,505 | - | - | - | - | - | - | - |
Interest paid | |||||||||
- | - | - | 4,679 | 3,530 | 3,286 | 3,239 | 3,828 | 4,395 | 5,705 |
Income taxes paid | |||||||||
2,606 | 3,111 | 4,035 | 2,755 | 1,074 | 1,064 | 46 | 263 | 1,103 | 784 |
Supplementary Schedule of Noncash Investing and Financing Activities | |||||||||
Foreclosed real estate acquired in settlement of loans | |||||||||
1,607 | 348 | 495 | 729 | - | - | - | - | - | - |
Other real estate owned transferred from fixed assets | |||||||||
0 | 0 | 437 | 0 | 1,448 | 2,610 | - | - | - | - |
Acquisitions of Community and Enterprise: | |||||||||
Non-cash assets acquired: | |||||||||
Other bank stock | |||||||||
0 | 3,535 | 0 | - | - | - | - | - | - | - |
Securities available for sale | |||||||||
0 | 78,102 | 0 | - | - | - | - | - | - | - |
Loans | |||||||||
0 | 493,180 | 0 | - | - | - | - | - | - | - |
Foreclosed real estate | |||||||||
0 | 2,562 | 0 | - | - | - | - | - | - | - |
Premises and equipment | |||||||||
0 | 11,034 | 0 | - | - | - | - | - | - | - |
Interest receivable | |||||||||
0 | 1,704 | 0 | - | - | - | - | - | - | - |
Bank owned life insurance | |||||||||
0 | 7,963 | 0 | - | - | - | - | - | - | - |
Goodwill and intangibles assets | |||||||||
0 | 26,872 | 0 | - | - | - | - | - | - | - |
Other assets | |||||||||
0 | 4,841 | 0 | - | - | - | - | - | - | - |
Total non-cash assets acquired | |||||||||
0 | 629,793 | 0 | - | - | - | - | - | - | - |
Liabilities assumed: | |||||||||
Deposits | |||||||||
0 | 498,478 | 0 | - | - | - | - | - | - | - |
Borrowings | |||||||||
0 | 59,106 | 0 | - | - | - | - | - | - | - |
Other liabilities | |||||||||
0 | 3,726 | 0 | - | - | - | - | - | - | - |
Total liabilities assumed | |||||||||
0 | 561,310 | 0 | - | - | - | - | - | - | - |
Common stock issued for acquisitions | |||||||||
0 | 84,329 | 0 | - | - | - | - | - | - | - |
Treasury stock used to fund deferred compensation liability | |||||||||
- | - | - | 814 | 0 | - | - | - | - | - |
Foreclosed real estate acquired in settlement of loans | |||||||||
- | - | - | - | - | - | 4,237 | 3,332 | 4,296 | 1,326 |
Loans transferred to held for sale | |||||||||
- | - | - | - | - | - | - | 591 | - | 2,241 |
Forclosed real estate transferred to fixed assets | |||||||||
- | - | - | - | - | - | 412 | - | - | - |