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 2019 Q1 YTD 3/31/2019 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 2019 Q1 YTD 3/31/2019 USD

Operating activities

Net income 24,540 25,126 21,485 36,340 9,631

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

Provision for loan losses 2,191 1,255 2,771 2,393 1,220
Depreciation and amortization of premises and equipment 4,135 3,563 3,560 2,912 736
Amortization of premiums on investments, net 1,375 1,066 172 40 16
Amortization of FDIC indemnification asset, net 6,379 5,474 3,517 2,181 552
Amortization of intangible assets 1,118 1,136 1,056 1,039 246
Goodwill impairment NA 0 0 1,492 NA
Accretion on acquired loans (7,109) (4,766) (5,417) (6,391) (765)
Gain on divestiture, net 0 (3,682) 0 0 NA
Gain on sale of loans, net (501) NA NA NA NA
Equity-based compensation expense 110 531 790 1,158 857
Restricted stock awards 200 NA NA NA NA
Issuance of common stock to 401(k) plan 363 384 415 352 140
(Gain) loss on sale of premises and equipment, net 23 238 (1) (25) (20)
Loss on sale of other real estate owned 3,002 1,495 791 1,313 364
Loss (gain) on sale of securities (144) (335) 661 618 NA
Net impairment losses recognized in earnings 0 4,646 0 0 NA
FHLB debt prepayment fees 1,702 NA NA NA NA
Proceeds from sale of mortgage loans 21,993 NA NA NA NA
Originations of mortgage loans (19,700) NA NA NA NA
Loss on extinguishment of debt NA 0 0 1,096 NA
Decrease in accrued interest receivable NA NA NA NA 254
(Increase) decrease in other operating activities 18,842 6,957 6,570 4,981 862
Net cash provided by operating activities 58,519 43,088 36,370 49,499 14,093

Investing activities

Proceeds from sale of securities available for sale 10,999 104,928 13,664 8,937 NA
Proceeds from maturities, prepayments, and calls of securities available for sale 29,931 99,906 37,155 68,765 11,735
Proceeds from maturities and calls of securities held to maturity 190 25,190 21,840 0 25,000
Payments to acquire securities available for sale (81,540) (1,174) (49,406) (67,355) 0
Payments to acquire securities held to maturity (15,003) NA NA NA NA
Proceeds from repayment of loans, net (24,719) (159,243) 37,455 39,512 35,316
Proceeds from bank owned life insurance NA 0 2,639 458 0
(Redemption of) proceeds from FHLB stock, net 1,279 130 694 (2,122) (129)
Cash proceeds from mergers, acquisitions, and divestitures, net (88) 29,716 0 10 NA
(Payments to) proceeds from the FDIC 2,683 4,403 1,689 (151) (23)
Proceeds from sale of premises and equipment NA 1,092 57 955 40
Payments to acquire premises and equipment (1,239) (1,885) (2,354) (2,551) (1,625)
Proceeds from sale of other real estate owned 6,722 7,147 4,363 2,940 1,328
Net cash provided by investing activities (70,785) 110,210 67,796 49,398 71,642

Financing activities

Increase in noninterest-bearing deposits, net 33,782 (17,482) 26,438 5,407 19,749
Increase in interest-bearing deposits, net (161,282) (37,576) 62,115 (79,548) 2,938
(Repayments of) securities sold under agreements to repurchase, net 16,872 (40,609) (67,919) (716) (25,670)
Repayments of FHLB and other borrowings, net (28,945) (48) (30,708) (50,000) NA
Redemption of preferred stock (2,367) NA NA NA NA
Proceeds from stock options exercised 63 921 378 384 24
Excess tax benefit from equity-based compensation 8 174 0 0 NA
Payments for repurchase of common stock (21,525) (23,762) (1,263) (34,412) (7,782)
Payments of common dividends (9,994) (10,396) (11,563) (21,090) (3,321)
Payments of preferred dividends (219) NA NA NA NA
Net cash (used in) provided by financing activities (173,607) (128,778) (22,522) (179,975) (14,062)
Net increase in cash and cash equivalents (185,873) 24,520 81,644 (81,078) 71,673
Cash and cash equivalents at beginning of period 237,660 51,787 76,307 157,951 76,873
Cash and cash equivalents at end of period 51,787 76,307 157,951 76,873 148,546

Supplemental disclosure -- cash flow information

Cash paid for interest 11,757 9,845 8,267 7,935 1,515
Cash paid for income taxes 6,900 6,588 15,852 7,610 2,678

Supplemental transactions -- noncash items

Transfer of loans to other real estate owned 6,317 5,162 2,283 5,686 1,908
Loans originated to finance other real estate owned 649 57 0 164 488
Decrease (increase) in accumulated other comprehensive loss 358 (3,236) (1,171) 589 696
Non-cash sales price related to divestitures NA 0 0 1,603 NA
Security settlements in process NA NA NA NA 10,000
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.