|
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Cash flows from operating activities: |
|
|
|
| Net income |
$ 3,737 |
$ 50,845 |
$ 5,951 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
4,694 |
3,052 |
3,555 |
| Loan loss provision |
0 |
1,000 |
1,100 |
| Write-down of OREO |
1,163 |
355 |
1,261 |
| Credit for deferred income taxes |
(577) |
(50,068) |
(597) |
| Loan premiums, net |
(1,181) |
(2,268) |
(2,432) |
| Deferred benefit plan income |
(1,287) |
(972) |
(315) |
| Stock-based compensation expense |
1,214 |
889 |
1,050 |
| Gains on sales of OREO |
(203) |
(81) |
(104) |
| Loss on sale of premises and equipment |
0 |
140 |
0 |
| Increase in cash surrender value of BOLI |
(986) |
(862) |
(1,022) |
| Increase in other assets |
(3,050) |
(828) |
(1,756) |
| Increase (decrease) in other liabilities |
(2,830) |
2,026 |
384 |
| Originations of mortgage loans for sale |
(67,823) |
(121,787) |
(157,653) |
| Proceeds from sales of mortgage loans |
72,673 |
128,304 |
158,262 |
| Net cash provided by operating activities |
5,544 |
9,745 |
7,684 |
| Cash flows from investing activities: |
|
|
|
| Purchases of investment securities available-for-sale |
(76,757) |
(13) |
(520,153) |
| Purchases of investment securities held to maturity |
(2,292) |
0 |
0 |
| Proceeds from maturities, calls, sales and prepayments of investment securities available-for-sale |
88,466 |
56,148 |
472,134 |
| Proceeds from maturities, calls and sales of investment securities held-to-maturity |
19,193 |
492 |
674 |
| Proceeds from redemption of FHLB stock |
882 |
372 |
187 |
| Loan (originations) reductions, net |
(102,946) |
(158,290) |
21,666 |
| Purchases of premises and equipment, net |
(1,034) |
(207) |
(1,819) |
| Proceeds from sales of other assets |
2,669 |
0 |
0 |
| Proceeds from sales of OREO |
2,580 |
5,219 |
14,891 |
| Net cash used in investing activities |
(30,619) |
(73,451) |
(12,420) |
| Cash flows from financing activities: |
|
|
|
| Net increase (decrease) in deposits |
53,654 |
65,601 |
(10,593) |
| Proceeds from stock options exercised |
0 |
30 |
0 |
| Tax effect of non-vested restricted stock |
(339) |
(104) |
(82) |
| FHLB advance borrowing |
110,000 |
132,000 |
0 |
| Repayment of FHLB advances |
(137,000) |
(165,000) |
0 |
| Net cash provided by (used in) financing activities |
26,315 |
32,527 |
(10,675) |
| Net increase (decrease) in cash and cash equivalents |
1,240 |
(31,179) |
(15,411) |
| Cash and cash equivalents at beginning of period |
81,849 |
113,028 |
128,439 |
| Cash and cash equivalents at end of period |
83,089 |
81,849 |
113,028 |
| American West Bank |
|
|
|
| Cash flows from investing activities: |
|
|
|
| Net cash received from acquisition of Home |
0 |
22,828 |
0 |
| Home Federal Bank |
|
|
|
| Cash flows from investing activities: |
|
|
|
| Net cash received from acquisition of Home |
$ 38,620 |
$ 0 |
$ 0 |