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 24,540 25,126 21,485 36,340

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

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

Investing activities

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

Financing activities

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

Supplemental disclosure -- cash flow information

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

Supplemental transactions -- non-cash items

Transfer of loans to other real estate 6,317 5,162 2,283 5,686
Loans originated to finance other real estate 649 57 0 164
Increase (decrease) in accumulated other comprehensive loss 358 (3,236) (1,171) 589
Non-cash sales price related to divestitures NA 0 0 1,603
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