Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Cash Flows from Operating Activities |
|
|
|
| Net income |
$ 16,605
|
$ 14,992
|
$ 16,459
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
3,649
|
4,155
|
4,065
|
| Net premium amortization of investment securities: |
|
|
|
| Provision for loan losses |
(644)
|
(3,429)
|
(4,364)
|
| Deferred income tax expense |
885
|
1,631
|
3,931
|
| Mortgage loans originated for sale |
(37,692)
|
(40,027)
|
(25,498)
|
| Proceeds from sale of mortgage loans |
37,627
|
40,513
|
29,254
|
| Gains on sale of mortgage loans, net |
(942)
|
(824)
|
(490)
|
| Loss (gain) on disposal of premises and equipment, net |
22
|
20
|
(5)
|
| Net loss on sale and write downs of other real estate |
1,925
|
1,289
|
3,404
|
| Gain on extinguishment of subordinated notes payable to unconsolidated trusts |
(4,050)
|
|
|
| Loss on extinguishment of long-term securities sold under agreements to repurchase |
3,776
|
|
|
| Net (gain) loss on sale of available for sale investment securities |
(3,998)
|
(171)
|
63
|
| Increase in cash surrender value of company-owned life insurance |
(905)
|
(906)
|
(926)
|
| Death benefits in excess of cash surrender value on company-owned life insurance |
(81)
|
|
(276)
|
| Decrease in accrued interest receivable |
373
|
233
|
276
|
| (Increase) decrease in other assets |
(739)
|
400
|
(1,860)
|
| Decrease in accrued interest payable |
(530)
|
(93)
|
(193)
|
| Increase in other liabilities |
1,262
|
2,390
|
1,096
|
| Net cash provided by operating activities |
20,740
|
25,930
|
29,011
|
| Cash Flows from Investing Activities |
|
|
|
| Proceeds from maturities and calls of investment securities, Available for sale |
123,712
|
133,886
|
88,905
|
| Proceeds from maturities and calls of investment securities, Held to maturity |
70
|
65
|
60
|
| Proceeds from sale of available for sale investment securities |
219,181
|
11,570
|
12,967
|
| Purchase of investment securities, Available for sale |
(251,822)
|
(109,675)
|
(105,888)
|
| Purchase of investment securities, Held to maturity |
0
|
|
(3,065)
|
| (Purchase of) proceeds from sale of restricted stock investments, net |
(472)
|
|
148
|
| Loans originated for investment (greater) less than principal collected, net |
(7,059)
|
(22,237)
|
60,232
|
| Purchase of loans |
(2,512)
|
(8,613)
|
(3,756)
|
| Principal collected on purchased loans |
3,588
|
2,638
|
219
|
| Proceeds from death benefits of company-owned life insurance |
341
|
|
738
|
| Purchases of premises and equipment |
(2,245)
|
(1,721)
|
(2,138)
|
| Proceeds from sale of other real estate |
4,367
|
9,939
|
8,811
|
| Proceeds from disposals of premises and equipment |
2
|
23
|
21
|
| Net cash provided by investing activities |
87,151
|
15,875
|
57,254
|
| Cash Flows from Financing Activities |
|
|
|
| Net increase (decrease) in deposits |
913
|
(18,167)
|
(23,054)
|
| Net increase (decrease) in federal funds purchased and short-term securities sold under agreements to repurchase |
732
|
5,763
|
(533)
|
| Proceeds from securities sold under agreements to repurchase and other long-term borrowings |
11
|
711
|
9
|
| Repayments of securities sold under agreements to repurchase and other long-term borrowings |
(104,136)
|
(155)
|
(8,165)
|
| Cash paid to extinguish subordinated notes payable to unconsolidated trusts |
(10,950)
|
|
|
| Dividends paid, common stock |
(1,575)
|
|
|
| Redemption of preferred stock |
|
(10,000)
|
(20,000)
|
| Dividends paid, preferred stock |
|
(508)
|
(1,990)
|
| Shares issued under employee stock purchase plan |
155
|
130
|
129
|
| Net cash used in financing activities |
(114,850)
|
(22,226)
|
(53,604)
|
| Net (decrease) increase in cash and cash equivalents |
(6,959)
|
19,579
|
32,661
|
| Cash and cash equivalents at beginning of year |
120,493
|
100,914
|
68,253
|
| Cash and cash equivalents at end of year |
113,534
|
120,493
|
100,914
|
| Supplemental Disclosures |
|
|
|
| Interest |
7,285
|
8,734
|
10,346
|
| Income taxes |
5,600
|
2,718
|
2,850
|
| Transfers from loans to other real estate |
1,885
|
1,397
|
8,259
|
| Sale and financing of other real estate |
6,922
|
403
|
2,525
|
| Cancelation of investment in Farmers Capital Bank Trust II |
464
|
|
|
| Extinguishment of subordinated notes payable to Farmers Capital Bank Trust II |
15,464
|
|
|
| Employee Stock Purchase Plan Expense [Member] |
|
|
|
| Net premium amortization of investment securities: |
|
|
|
| Noncash compensation expense |
32
|
31
|
32
|
| Director Fee Compensation [Member] |
|
|
|
| Net premium amortization of investment securities: |
|
|
|
| Noncash compensation expense |
92
|
104
|
82
|
| Available-for-sale Securities [Member] |
|
|
|
| Net premium amortization of investment securities: |
|
|
|
| Net premium amortization of investment securities |
4,020
|
5,570
|
3,919
|
| Held-to-maturity Securities [Member] |
|
|
|
| Net premium amortization of investment securities: |
|
|
|
| Net premium amortization of investment securities |
$ 53
|
$ 52
|
$ 42
|