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
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

Operating activities

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

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

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

Investing activities

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

Financing activities

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

Supplemental disclosure - cash flow information

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

Supplemental transactions - noncash items

Transfer of loans to other real estate 12,620 6,317 5,162 2,283
Loans originated to finance other real estate 671 649 57 0
Increase in accumulated other comprehensive income NA 358 3,236 1,171
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.