| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
29,220 | 29,290 | |||||
Adjustments to reconcile net income to net cash from operating activities: | ||||||
Provision for loan losses | ||||||
2,799 | 6,901 | |||||
Provision for foreclosed asset losses | ||||||
0 | 285 | |||||
Depreciation and amortization | ||||||
5,225 | 5,185 | |||||
Accretion and amortization | ||||||
-252 | -1,305 | |||||
The amount of gain (loss) classified as other. | ||||||
-40 | 788 | |||||
Net gain on sales of loans | ||||||
23,521 | 19,703 | |||||
Proceeds from sales of loans held for sale | ||||||
653,548 | 555,325 | |||||
Loans originated for sale | ||||||
640,680 | 544,690 | |||||
Earnings on bank-owned life insurance | ||||||
1,293 | 1,282 | |||||
Stock based compensation | ||||||
853 | 0 | |||||
Net change in: | ||||||
The increase (decrease) during the reporting period in the amount due from borrowers for interest payments and other assets. | ||||||
2,336 | 8,187 | |||||
Accrued expenses and other liabilities | ||||||
6,377 | 3,279 | |||||
Net cash from operating activities | ||||||
30,484 | 26,920 | |||||
Cash flows from investing activities: | ||||||
Proceeds from (Payments to) Sale and Maturity of Debt Securities, Available-for-sale [Abstract] | ||||||
Purchases | ||||||
489,032 | 539,091 | |||||
Sales | ||||||
52,495 | 102,332 | |||||
Maturities, prepayments, and calls | ||||||
139,255 | 364,909 | |||||
Maturities, prepayments, and calls of held to maturity securities | ||||||
0 | 14,675 | |||||
Loan originations and principal collections, net | ||||||
-5,572 | 126,732 | |||||
Net cash received in business combinations | ||||||
78,171 | 0 | |||||
Purchases of premises and equipment, net | ||||||
3,997 | 3,134 | |||||
Proceeds from sales of premises and equipment | ||||||
208 | 126 | |||||
Proceeds from sales of foreclosed assets | ||||||
3,835 | 2,823 | |||||
Net cash from investing activities | ||||||
-213,493 | -184,092 | |||||
Cash flows from financing activities: | ||||||
Net change in deposits | ||||||
33,227 | 123,373 | |||||
Net change in short-term borrowings | ||||||
19,460 | 2,155 | |||||
Proceeds from common stock issuance, net | ||||||
51,392 | 0 | |||||
Payments to tax authorities for stock-based compensation | ||||||
351 | 0 | |||||
Proceeds from notes payable and other borrowings | ||||||
0 | 13,115 | |||||
Payments made on notes payable and other borrowings | ||||||
7,530 | 0 | |||||
Cash dividends on common stock | ||||||
1,079 | 30,045 | |||||
Net cash from financing activities | ||||||
95,119 | 108,598 | |||||
Net change in cash and cash equivalents | ||||||
-87,890 | -48,574 | |||||
Supplemental disclosures of cash flow information: | ||||||
Interest paid on deposits and borrowed funds | ||||||
28,125 | 22,024 | |||||
Income taxes paid | ||||||
6,474 | 2,729 | |||||
Supplemental schedule of noncash investing and financing activities: | ||||||
Loans transferred to foreclosed assets | ||||||
2,452 | 6,473 | |||||
Financed foreclosed asset sales | ||||||
0 | 4,019 | |||||