As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD

Operating activities

Net income 25,490 24,540 25,126 21,485 27,034

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

Provision for loan losses 145 2,191 1,255 2,771 1,485
Depreciation and amortization of premises and equipment 4,405 4,135 3,563 3,560 2,221
Amortization (accretion) of premiums on investments, net 961 1,375 1,066 172 26
Amortization of FDIC indemnification asset, net 3,979 6,379 5,474 3,517 1,602
Amortization of intangible assets 787 1,118 1,136 1,056 785
Goodwill impairment NA NA NA NA 1,492
Accretion on acquired loans (9,645) (7,109) (4,766) (5,417) (4,257)
Gain on divestiture, net (755) 0 (3,682) 0 NA
Gain on sale of loans, net (671) (501) 0 0 NA
Equity-based compensation expense 332 110 209 430 947
Restricted stock awards 36 200 322 360 NA
Issuance of treasury stock to 401(k) plan 0 363 384 415 325
(Gain) loss on sale of premises and equipment, net (113) 23 238 (1) (8)
Loss on sale of other real estate owned 3,227 3,002 1,495 791 833
Loss on sale of securities 1,385 (144) (335) 661 618
Net impairment losses recognized in earnings 737 0 4,646 0 NA
FHLB debt prepayment fees 5,008 1,702 0 0 NA
Proceeds from sale of mortgage loans 28,443 21,993 0 0 NA
Originations of mortgage loans (28,681) (19,700) 0 0 NA
Loss on extinguishment of debt NA NA NA NA 1,096
Decrease in accrued interest receivable 1,206 NA NA NA 404
Decrease (increase) in other operating activities 5,413 18,842 6,957 9,209 2,543
Net cash provided by operating activities 41,689 58,519 43,088 39,009 37,146

Investing activities

Proceeds from sale of securities available for sale 162,443 10,999 104,928 13,664 8,937
Proceeds from maturities, prepayments, and calls of securities available for sale 48,915 29,931 99,906 37,155 57,056
Proceeds from maturities and calls of securities held to maturity 190 190 25,190 21,840 0
Payments to acquire securities available for sale (6,047) (81,540) (1,174) (49,406) (67,355)
Payments to acquire securities held to maturity (57,675) (15,003) 0 0 NA
Proceeds from loans, net (64,115) (24,719) (159,243) 37,455 23,929
Proceeds from bank owned life insurance NA NA NA NA 458
(Redemption of) proceeds from FHLB stock, net 4,349 1,279 130 694 (2,122)
Cash proceeds from (paid in) mergers, acquisitions, and divestitures, net 178,604 (88) 29,716 0 NA
(Payments to) proceeds from the FDIC 4,770 2,683 4,403 1,689 (117)
Proceeds from sale of premises and equipment NA NA NA NA 507
Payments to acquire premises and equipment (1,098) (1,239) (793) (2,297) (1,076)
Proceeds from sale of other real estate owned 10,619 6,722 7,147 4,363 981
Net cash provided by investing activities 280,955 (70,785) 110,210 65,157 21,198

Financing activities

Increase in noninterest-bearing deposits, net 68,246 33,782 (17,482) 26,438 9,802
Decrease in interest-bearing deposits, net (121,912) (161,282) (37,576) 62,115 (63,842)
Decrease in federal funds purchased (16,000) NA NA NA NA
Proceeds from (repayments of) securities sold under agreements to repurchase, net 3,432 16,872 (40,609) (67,919) 65
Repayments of FHLB and other borrowings, net (63,097) (28,945) (48) (30,708) (50,000)
Redemption of preferred stock 0 (2,367) 0 0 NA
Proceeds from stock options exercised 53 63 921 378 321
Excess tax benefit from equity-based compensation 5 8 174 0 NA
Payments for repurchase of treasury stock (2,168) (21,525) (23,762) (1,263) (21,287)
Payments of common dividends (9,200) (9,994) (10,396) (11,563) (17,675)
Payments of preferred dividends (910) (219) 0 0 NA
Net cash used in financing activities (141,551) (173,607) (128,778) (22,522) (142,616)
Net (decrease) increase in cash and cash equivalents 181,093 (185,873) 24,520 81,644 (84,272)
Cash and cash equivalents at beginning of period 56,567 237,660 51,787 76,307 157,951
Cash and cash equivalents at end of period 237,660 51,787 76,307 157,951 73,679

Supplemental disclosure -- cash flow information

Cash paid for interest 15,791 11,757 9,845 8,267 6,447
Cash paid for income taxes 12,552 6,900 6,588 15,852 4,800

Supplemental transactions -- noncash items

Transfer of loans to other real estate owned 12,620 6,317 5,162 2,283 4,135
Loans originated to finance other real estate owned 671 649 57 0 92
(Increase) decrease in accumulated other comprehensive loss NA 358 3,236 1,171 (1,977)
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.