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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 Q2 YTD 6/30/2018 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 Q2 YTD 6/30/2018 USD
Net Income 18,021 20,017 22,766 20,475 17,978

Adjustments to Reconcile Net Income to Net Cash From Operating Activities

Proceeds from sales of loans held for sale 228,906 288,852 324,828 434,682 210,641
Disbursements for loans held for sale (226,550) (285,608) (322,342) (426,410) (214,952)
Provision for loan losses (3,136) (2,714) (1,309) 1,199 965
Deferred income tax expense 8,918 9,212 9,718 16,009 4,518
Deferred loan fees and costs (753) (1,234) (1,911) (5,159) (2,457)
Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities, loans and interest bearing deposits - time 3,014 4,553 5,216 6,957 3,192
Net gains on mortgage loans (5,628) (7,448) (10,566) (11,762) (5,826)
Net losses on securities (329) (20) (563) (260) 164
Securities impairment recognized in earnings 9 NA NA NA NA
Net (gains) losses on other real estate and repossessed assets (500) (180) 250 (606) NA
Vehicle service contract counterparty contingencies 199 NA NA NA NA
Share based compensation 1,192 1,477 1,620 1,748 848
Litigation settlement expense 0 0 2,300 0 NA
Loss on sale of payment plan business 0 0 320 0 NA
Net gain on branch sale 0 (1,193) 0 0 NA
Gain on extinguishment of debt (500) NA NA NA NA
Increase in accrued income and other assets (2,579) (1,483) (7,182) (3,708) (3,377)
Increase in accrued expenses and other liabilities (7,213) (1,376) 559 5,442 1,604
Total Adjustments (4,950) 2,838 938 18,132 (4,680)
Net Cash From Operating Activities 13,071 22,855 23,704 38,607 13,298

Cash Flow Used in Investing Activities

Proceeds from the sale of securities available for sale 14,633 12,037 64,103 17,308 31,445
Proceeds from the maturity of securities available for sale 58,220 NA NA NA NA
Principal payments received on securities available for sale 84,487 NA NA NA NA
Proceeds from maturities, prepayments and calls of securities available for sale NA 167,040 203,029 173,723 88,131
Purchases of securities available for sale (224,946) (234,693) (297,925) (100,584) (47,054)
Purchases of interest bearing deposits - time (2,401) (4,595) 0 0 NA
Proceeds from the sale of interest bearing deposits - time NA NA NA NA 2,474
Proceeds from the maturity of interest bearing deposits - time 6,719 6,222 6,253 2,850 1,842
Redemption of Federal Home Loan Bank and Federal Reserve Bank stock 3,814 4,906 371 0 NA
Purchase of Federal Reserve Bank stock (314) (458) (443) 0 NA
Net increase in portfolio loans (loans originated, net of principal payments) (37,195) (74,343) (107,472) (406,859) (181,365)
Purchase of portfolio loans 0 (32,872) (15,000) 0 NA
Proceeds from the sale of portfolio loans NA NA NA NA 16,460
Acquisition of TCSB Bancorp Inc., less cash received NA NA NA NA 23,516
Cash received from the sale of Mepco Finance Corporation assets, net NA 0 0 33,446 0
Net cash paid for branch sale 0 (7,229) 0 0 NA
Proceeds from the collection of vehicle service contract counterparty receivables 385 1,092 4,786 528 NA
Proceeds from bank-owned life insurance 0 0 2,235 523 474
Proceeds from the sale of property and equipment 309 555 416 26 NA
Proceeds from the sale of other real estate and repossessed assets 18,471 6,179 4,251 5,703 889
Capital expenditures (4,298) (4,354) (3,459) (4,242) (2,033)
Net Cash Used in Investing Activities (82,116) (160,513) (138,855) (277,578) (65,221)

Cash Flow From Financing Activities

Net increase in total deposits 39,496 170,314 139,756 174,815 92,273
Net decrease in other borrowings (1) (1) 0 6,754 (3,093)
Proceeds from Federal Home Loan Bank Advances 100 100 0 622,000 1,044,000
Payments of Federal Home Loan Bank Advances (4,817) (615) (2,521) (583,587) (1,069,287)
Net decrease in vehicle service contract counterparty payables (2,112) NA NA NA NA
Dividends paid (4,129) (5,896) (7,274) (8,960) (6,823)
Proceeds from issuance of common stock 97 112 82 72 147
Repurchase of common stock 0 (13,498) (16,854) 0 NA
Share based compensation withholding obligation 0 (1,091) (627) (579) (1,321)
Redemption of subordinated debt (4,654) NA NA NA NA
Net Cash From Financing Activities 23,980 149,425 112,562 210,515 55,896
Net Increase (Decrease) in Cash and Cash Equivalents (45,065) 11,767 (2,589) (28,456) 3,973
Cash and Cash Equivalents at Beginning of Period 119,081 74,016 85,783 83,194 54,738
Cash and Cash Equivalents at End of Period 74,016 85,783 83,194 54,738 58,711

Cash paid during the period for

Interest 7,365 5,769 6,416 9,163 6,545
Income taxes 216 295 563 1,970 120
Transfers to other real estate and repossessed assets 6,143 6,694 2,355 1,735 641
Transfer of payment plan receivables to vehicle service contract counterparty receivables 180 1,203 200 0 NA
Purchase of securities available for sale and interest bearing deposits - time not yet settled 265 0 1,582 1,000 NA
Transfers to payment plan receivables and other assets held for sale 0 0 33,360 0 NA
Transfers to other liabilities held for sale 0 0 718 0 NA
Transfer of loans to held for sale NA NA NA NA 13,216
Purchase of securities available for sale not yet settled NA NA NA NA 0
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.