As Reported Financials


As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q2 YTD 10-Q 6/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q2 YTD 10-Q 6/30/2019 USD

Cash flows from operating activities

Net income 15,385 15,684 15,138 34,012 17,746

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

Net premium / discount from amortization on securities 79 (638) 1,881 2,969 1,476
Securities gains, net 178 2,213 (474) (360) (1,013)
Provision for loan and lease losses (4,400) 750 1,800 1,228 900
Originations of loans held-for-sale (190,041) (194,901) (146,867) (133,930) (64,762)
Proceeds from sales of loans held-for-sale 196,431 197,654 151,289 137,622 64,181
Net gains on sales of mortgage loans (5,775) (6,343) (4,803) (3,791) (1,925)
Change in fair value of mortgage servicing rights 1,141 919 802 734 1,956
Net discount / premium from accretion on loans 0 (604) (1,328) (1,703) (246)
Increase in cash surrender value of BOLI (1,277) (1,283) (1,432) (984) (778)
Death claim on bank-owned life insurance 273 NA NA NA NA
Net gains on sale of other real estate owned (1,073) (374) (474) (792) (150)
Provision for other real estate owned valuation losses 4,076 1,570 1,708 581 196
Depreciation of fixed assets and amortization of leasehold improvements 2,386 2,288 2,306 2,423 1,278
Net (gains) / losses on disposal and transfer of fixed assets (20) 1 (10) 0 (3)
Loss on transfer of premises to other real estate owned 1,139 NA NA NA NA
Amortization of core deposit intangible 0 16 96 387 253
Change in current income taxes receivable 100 260 (2,519) 1,678 2,395
Provision for deferred tax expense 8,756 8,421 13,662 9,840 3,013
Net deferred tax expense due to DTA revaluation 0 0 7,909 0 NA
Change in accrued interest receivable and other assets (4,213) (53) (4,492) 1,218 (2,570)
Accretion of purchase accounting adjustment on time deposits NA 0 0 (100) (38)
Amortization of purchase accounting adjustment on notes payable and other borrowings NA 0 0 81 54
Amortization of junior subordinated debentures issuance costs 47 48 48 47 24
Amortization of senior notes issuance costs 0 4 102 100 50
Change in accrued interest payable and other liabilities (2,668) 967 1,582 1,390 16,575
Stock based compensation 613 657 1,181 2,257 1,241
Net cash provided by operating activities 21,137 27,256 37,105 54,907 39,853

Cash flows from investing activities

Proceeds from maturities and calls including pay down of securities available-for-sale 46,230 78,305 117,389 40,641 27,863
Proceeds from sales of securities available-for-sale 70,176 306,400 232,462 94,663 120,596
Purchases of securities available-for-sale (196,082) (210,681) (343,470) (75,044) (82,930)
Proceeds from maturities and calls including pay down of securities held-to-maturity 13,281 3,372 0 0 NA
Net proceeds from sales of FHLBC stock 540 600 (2,250) (295) 2,825
Net disbursements / proceeds from (purchases) sales of FRB stock NA 0 0 (1,421) NA
Net change in loans 16,073 (125,540) (141,683) (52,706) (6,195)
Proceeds from claims on BOLI NA 0 0 1,204 0
Improvements in other real estate owned 0 (16) 0 (59) 0
Proceeds from sales of other real estate owned, net of participation purchase 18,836 7,830 6,107 4,782 1,452
Proceeds from disposition of fixed assets 30 0 13 0 3
Net purchases of premises and equipment (1,280) (1,986) (1,055) (1,895) (1,390)
Cash paid for acquisition, net of cash and cash equivalents retained 0 (181,357) 0 (35,711) 0
Net cash provided by investing activities (32,196) (123,073) (132,487) (25,841) 62,224

Cash flows from financing activities

Net change in deposits 74,031 58,805 56,140 (54,650) (38,861)
Net change in securities sold under repurchase agreements 13,034 (8,355) 4,203 11,091 7,534
Net change in other short-term borrowings (30,000) 55,000 45,000 23,625 (62,375)
Redemption of preferred stock (47,331) NA NA NA NA
Proceeds from the issuance of senior notes 0 43,994 0 0 NA
Payment of senior note issuance costs NA 0 (42) 0 NA
Repayment of subordinate debt 0 (45,000) 0 0 NA
Repayment of note payable 0 NA NA NA NA
Net change in notes payable and other borrowings NA (500) 0 (8,069) (4,398)
Proceeds from exercise of stock options 0 11 0 33 32
Dividends paid on preferred stock (2,417) NA NA NA NA
Dividends paid on common stock 0 (888) (1,184) (1,189) (597)
Purchase of treasury stock (117) (254) (236) (505) (430)
Net cash used in financing activities 7,200 102,813 103,881 (29,664) (99,095)
Net change in cash and cash equivalents (3,859) 6,996 8,499 (598) 2,982
Cash and cash equivalents at beginning of period 44,197 40,338 47,334 55,833 55,235
Cash and cash equivalents at end of period 40,338 47,334 55,833 55,235 58,217

Supplemental cash flow information

Income taxes paid, net 118 211 430 0 NA
Interest paid for deposits 3,958 4,275 5,145 7,644 NA
Interest paid for borrowings 5,142 5,330 7,362 8,323 NA
Non-cash transfer of loans to other real estate owned 8,530 1,223 3,701 2,915 NA
Non-cash transfer of premises to other real estate owned 468 562 95 0 NA
Non-cash transfer of securities held-to-maturity to securities available-for-sale 0 244,823 0 0 NA
Change in preferred stock dividends accrued and declared but not paid (544) NA NA NA NA
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.