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 Q1 YTD 3/31/2018 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 Q1 YTD 3/31/2018 USD

Operating activities

Net income 25,490 24,540 25,126 21,485 8,868

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

Provision for loan losses 145 2,191 1,255 2,771 495
Depreciation and amortization of property, plant, and equipment 4,405 4,135 3,563 3,560 806
Amortization of premiums on investments, net 961 1,375 1,066 172 112
Amortization of FDIC indemnification asset, net 3,979 6,379 5,474 3,517 382
Amortization of intangible assets 787 1,118 1,136 1,056 261
Accretion on acquired loans (9,645) (7,109) (4,766) (5,417) (1,845)
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 332 110 209 430 531
Restricted stock awards 36 200 322 360 NA
Issuance of treasury stock to 401(k) plan 0 363 384 415 140
Loss on sale of premises and equipment, net (113) 23 238 (1) 7
Loss on sale of other real estate owned 3,227 3,002 1,495 791 103
Loss (gain) on sale of securities 1,385 (144) (335) 661 NA
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
Decrease in accrued interest receivable 1,206 NA NA NA 623
Decrease in other operating activities 5,413 18,842 6,957 9,209 350
Net cash provided by operating activities 41,689 58,519 43,088 39,009 10,833

Investing activities

Proceeds from sale of securities available for sale 162,443 10,999 104,928 13,664 NA
Proceeds from maturities, prepayments, and calls of securities available for sale 48,915 29,931 99,906 37,155 2,552
Proceeds from maturities and calls of securities held to maturity 190 190 25,190 21,840 NA
Payments to acquire securities available for sale (6,047) (81,540) (1,174) (49,406) (23,387)
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 22,862
Proceeds from bank owned life insurance NA NA NA NA 171
Proceeds from FHLB stock, net 4,349 1,279 130 694 3
Cash proceeds from (paid in) mergers, acquisitions, and divestitures, net 178,604 (88) 29,716 0 NA
Proceeds from the FDIC 4,770 2,683 4,403 1,689 111
Proceeds from premises and equipment NA NA NA NA 475
Payments to acquire premises and equipment (1,098) (1,239) (793) (2,297) (121)
Proceeds from sale of other real estate owned 10,619 6,722 7,147 4,363 508
Net cash provided by investing activities 280,955 (70,785) 110,210 65,157 3,174

Financing activities

Increase in noninterest-bearing deposits, net 68,246 33,782 (17,482) 26,438 6,335
Increase in interest-bearing deposits, net (121,912) (161,282) (37,576) 62,115 44,393
Increase in federal funds purchased (16,000) NA NA NA NA
Repayments of securities sold under agreements to repurchase, net 3,432 16,872 (40,609) (67,919) (971)
Repayments of FHLB and other borrowings, net (63,097) (28,945) (48) (30,708) 0
Redemption of preferred stock 0 (2,367) 0 0 NA
Proceeds from stock options exercised 53 63 921 378 22
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) (5,413)
Payments of common dividends (9,200) (9,994) (10,396) (11,563) (11,184)
Payments of preferred dividends (910) (219) 0 0 NA
Net cash provided by financing activities (141,551) (173,607) (128,778) (22,522) 33,182
Net increase in cash and cash equivalents 181,093 (185,873) 24,520 81,644 47,189
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 76,307 157,951 205,140

Supplemental disclosure -- cash flow information

Cash paid for interest 15,791 11,757 9,845 8,267 1,983
Cash paid for income taxes 12,552 6,900 6,588 15,852 0

Supplemental transactions -- noncash items

Transfer of loans to other real estate owned 12,620 6,317 5,162 2,283 2,787
(Increase) decrease in accumulated other comprehensive loss NA 358 3,236 1,171 (1,641)
Security settlements in process NA NA NA NA 20,000

Supplemental transactions - noncash items

Loans originated to finance other real estate 671 649 57 0 NA
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