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As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD

Operating Activities

Net income 26,423 28,843 32,268 46,249

Adjustments to reconcile net income to net cash provided by operating activities

Provision for loan losses 136 283 2,949 1,176
Provision for depreciation 3,267 3,356 3,567 3,688
Net amortization of premium and discounts on loans, securities, deposits and debt obligations 1,148 1,128 740 861
Amortization of mortgage servicing rights 1,620 1,724 1,464 1,341
Net recovery of mortgage servicing rights (266) (123) (89) (132)
Amortization of intangibles 699 535 1,289 1,312
Gain on sale of loans (5,388) (6,064) (4,881) (4,819)
Loss on sale or disposals or write-downs of property, plant and equipment 428 0 48 13
(Gain) loss on sale or write-down of OREO 150 (300) (56) 581
Gain on sale or call of securities (22) (509) (584) (173)
Change in deferred taxes (35) (615) 1,261 881
Proceeds from sale of loans held for sale 215,402 262,958 215,727 212,688
Origination of loans held for sale (213,416) (263,679) (213,479) (205,884)
Stock based compensation expenses 150 274 215 420
Restricted stock unit expense 436 517 838 568
Excess tax benefit (expense) on stock compensation plans 216 (192) (171) (154)
Income from bank owned life insurance (895) (909) (3,085) (1,767)
Change in interest receivable and other assets (1,356) (4,121) (3,591) (2,878)
Change in accrued interest and other liabilities 1,955 3,878 1,527 (916)
Net cash provided by operating activities 30,652 26,984 35,957 53,055

Investing Activities

Proceeds from maturities, calls and paydowns of held-to-maturity securities 69 59 128 122
Proceeds from maturities, calls and paydowns of available-for-sale securities 31,240 36,390 32,687 32,620
Proceeds from sale of available-for-sale securities 426 14,871 34,248 5,503
Proceeds from sale of OREO 3,407 1,705 554 887
Proceeds from sale of office properties and equipment 212 1 849 14
Purchases of available-for-sale securities (30,483) (71,276) (73,007) (76,647)
Purchases of office properties and equipment (1,843) (2,106) (3,263) (4,168)
Investment in bank owned life insurance (4,000) 0 (20,000) 0
Proceeds from bank owned life insurance death benefit NA 0 0 337
Proceeds from sale of bank owned life insurance NA 0 0 17,689
Proceeds from FHLB stock redemption 1 3 0 1,775
Net cash received (paid) in acquisitions (297) 0 19,359 0
Purchase of portfolio mortgage loans 0 (822) (11,476) 0
Proceeds from sale of non-mortgage loans 24,027 20,816 20,227 28,729
Net increase in loans receivable (177,013) (158,121) (133,184) (219,885)
Net cash used in investing activities (154,254) (158,480) (132,878) (213,024)

Financing Activities

Net increase in deposits and advance payments by borrowers 75,689 145,467 148,065 183,764
Repayment of Federal Home Loan Bank advances (8,642) (959) (31,070) (34,090)
Proceeds from Federal Home Loan Bank advances 47,000 45,000 10,000 35,000
Decrease in securities sold under repurchase agreements 2,429 (25,372) (5,797) (20,278)
Cash dividends paid on common stock (7,159) (7,890) (9,859) (13,043)
Net cash paid for repurchase of common stock (8,436) (6,293) 0 (6,330)
Repayment of warrants (11,979) NA NA NA
Proceeds from exercise of stock options 1,469 714 199 111
Proceeds from direct treasury stock sales 64 63 73 104
Net cash provided by financing activities 90,435 150,730 111,611 145,238
Increase (decrease) in cash and cash equivalents (33,167) 19,234 14,690 (14,731)
Cash and cash equivalents at beginning of period 112,936 79,769 99,003 113,693
Cash and cash equivalents at end of period 79,769 99,003 113,693 98,962

Supplemental cash flow information

Interest paid 6,764 8,370 11,382 16,198
Income taxes paid 10,000 12,700 14,350 7,950
Transfer from other liability to equity NA 0 0 636
Transfers from loans to other real estate owned and other assets held for sale 974 583 705 1,141
Transfer from real estate owned and other assets held for sale to loans 2,544 NA NA NA
Transfer from (to) property and equipment to real estate and other assets held for sale 267 (44) (130) 0
Sale of bank owned life insurance not yet settled 0 0 17,840 0
Securities traded but not yet settled 0 357 548 0
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.