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 |
$ 18,694
|
$ 11,555
|
$ 10,051
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation, amortization and accretion |
5,132
|
3,322
|
3,848
|
| Provision for loan losses |
1,800
|
1,800
|
2,700
|
| Provision for deferred taxes |
2,966
|
1,589
|
68
|
| Increase in cash surrender value of life insurance |
(1,284)
|
(996)
|
(933)
|
| Stock compensation expense |
1,608
|
1,202
|
959
|
| Gain on sale or write-down of assets, net |
(54)
|
(1,726)
|
(539)
|
| Gain on sale of loans held for sale, net |
(5,248)
|
(3,046)
|
(1,926)
|
| Proceeds from sale of loans held for sale |
255,704
|
178,295
|
87,912
|
| Origination of loans held for sale |
(252,771)
|
(172,657)
|
(91,772)
|
| Income from branch sale, net |
|
(122)
|
|
| Net change in: |
|
|
|
| Accrued interest receivable and other assets |
301
|
(1,995)
|
528
|
| Accrued interest payable and other liabilities |
(2,042)
|
(2,170)
|
144
|
| Net cash provided by operating activities |
24,806
|
15,051
|
11,040
|
| Cash Flows From Investing Activities: |
|
|
|
| Net (increase) decrease in certificates of deposit in other banks |
1,432
|
6,969
|
(8,425)
|
| Purchases of securities AFS |
(82,448)
|
(41,419)
|
(60,046)
|
| Proceeds from sales of securities AFS |
31,442
|
13,929
|
4,821
|
| Proceeds from calls and maturities of securities AFS |
35,641
|
22,175
|
16,988
|
| Net (increase) decrease in loans |
2,805
|
(6,179)
|
(39,699)
|
| Purchases of other investments |
(3,447)
|
(70)
|
(83)
|
| Net increases in premises and equipment |
(4,051)
|
(1,181)
|
(5,765)
|
| Proceeds from sales of premises and equipment |
3
|
376
|
10
|
| Proceeds from sales of other real estate and other assets |
1,999
|
3,632
|
3,990
|
| Purchase of BOLI |
(20,000)
|
|
(2,750)
|
| Proceeds from redemption of BOLI |
21,549
|
|
|
| Net cash used in branch sale |
|
(19,865)
|
|
| Net cash received in business combinations |
66,517
|
|
|
| Net cash provided (used) by investing activities |
51,442
|
(21,633)
|
(90,959)
|
| Cash Flows From Financing Activities: |
|
|
|
| Net increase in deposits |
91,236
|
30,508
|
25,199
|
| Net decrease in short-term borrowings |
(49,087)
|
|
(7,116)
|
| Repayments of notes payable - other |
(56,519)
|
(5,763)
|
(11,247)
|
| Proceeds from issuance of subordinated notes, net |
|
11,820
|
|
| Capitalized issuance costs, net |
(260)
|
|
|
| Purchase and retirement of common stock |
(5,201)
|
(4,381)
|
(5,770)
|
| Proceeds from issuance of common stock, net |
1,900
|
1,721
|
887
|
| Redemption of preferred stock |
(12,200)
|
(12,200)
|
|
| Noncontrolling interest in joint venture |
|
|
(60)
|
| Cash dividends paid on preferred stock |
(633)
|
(212)
|
(244)
|
| Net cash provided (used) by financing activities |
(30,764)
|
21,493
|
1,649
|
| Net increase (decrease) in cash and cash equivalents |
45,484
|
14,911
|
(78,270)
|
| Cash and cash equivalents: |
|
|
|
| Beginning |
83,619
|
68,708
|
146,978
|
| Ending |
129,103
|
83,619
|
68,708
|
| Supplemental Disclosures of Cash Flow Information: |
|
|
|
| Cash paid for interest |
7,508
|
7,290
|
7,324
|
| Cash paid for taxes |
7,150
|
2,890
|
3,535
|
| Transfer of loans and bank premises to other real estate owned |
237
|
986
|
$ 3,127
|
| Capitalized mortgage servicing rights |
1,023
|
$ 201
|
|
| Acquisitions: |
|
|
|
| Fair value of assets acquired |
1,039,000
|
|
|
| Fair value of liabilities assumed |
939,000
|
|
|
| Net assets acquired |
100,000
|
|
|
| Common stock issued in acquisitions |
$ 165,295
|
|
|