As Reported Financials

Document Name As Of Date Currency Code (in thousands) 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 Y 10-K 12/31/2019 USD
Document Name As Of Date Currency Code 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 Y 10-K 12/31/2019 USD

Operating activities

Net income 25,126 21,485 36,340 38,802

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

Provision for loan losses 1,255 2,771 2,393 3,571
Depreciation and amortization of premises and equipment 3,563 3,560 2,912 3,448
Amortization of premiums on investments, net 1,066 172 40 195
Amortization of FDIC indemnification asset, net 5,474 3,517 2,181 2,377
Amortization of intangible assets 1,136 1,056 1,039 997
Goodwill impairment 0 0 1,492 0
Accretion on acquired loans (4,766) (5,417) (6,391) (3,231)
Gain on divestiture, net (3,682) NA NA NA
Equity-based compensation expense 531 790 1,158 1,481
Issuance of common stock to 401(k) plan 384 415 352 411
Gain on sale of premises and equipment, net 238 (1) (25) (75)
Provision expense and loss on sale of other real estate owned 1,495 791 1,313 1,253
Loss on sale of securities (335) 661 618 43
Net impairment losses recognized in earnings 4,646 NA NA NA
Writedowns of property, plant & equipment NA 677 1,007 380
Loss on extinguishment of debt 0 0 1,096 0
Decrease in other operating activities 6,957 5,893 3,974 7,003
Net cash provided by operating activities 43,088 36,370 49,499 56,655

Investing activities

Proceeds from sale of securities available for sale 104,928 13,664 8,937 13,898
Proceeds from maturities, prepayments, and calls of securities available for sale 99,906 37,155 68,765 32,863
Proceeds from maturities and calls of securities held to maturity 25,190 21,840 0 25,000
Payments to acquire securities available for sale (1,174) (49,406) (67,355) (8,255)
Proceeds from repayments loans, net (159,243) 37,455 39,512 85,233
Proceeds from bank owned life insurance 0 2,639 458 0
Payments for (redemption of) FHLB stock, net 130 694 (2,122) 129
Cash proceeds from mergers, acquisitions, and divestitures, net 29,716 0 10 25,863
(Payments to) proceeds from the FDIC 4,403 1,689 (151) (152)
Proceeds from sale of premises and equipment 1,092 57 955 1,955
Payments to acquire premises and equipment (1,885) (2,354) (2,551) (8,411)
Proceeds from sale of other real estate owned 7,147 4,363 2,940 3,254
Net cash provided by investing activities 110,210 67,796 49,398 171,377

Financing activities

Increase in noninterest-bearing deposits, net (17,482) 26,438 5,407 12,604
(Decrease) increase in interest-bearing deposits, net (37,576) 62,115 (79,548) (41,445)
Repayments of securities sold under agreements to repurchase, net (40,609) (67,919) (716) (27,769)
Repayments of FHLB and other borrowings, net (48) (30,708) (50,000) 0
Proceeds from stock options exercised 921 378 384 136
Excess tax benefit from equity-based compensation 174 NA NA NA
Payments for repurchase of common stock (23,762) (1,263) (34,412) (16,362)
Payments of common stock dividends (10,396) (11,563) (21,090) (15,060)
Net cash used in financing activities (128,778) (22,522) (179,975) (87,896)
Net increase (decrease) in cash and cash equivalents 24,520 81,644 (81,078) 140,136
Cash and cash equivalents at beginning of period 51,787 76,307 157,951 76,873
Cash and cash equivalents at end of period 76,307 157,951 76,873 217,009

Supplemental disclosure -- cash flow information

Cash paid for interest 9,845 8,267 7,935 5,661
Cash paid for income taxes 6,588 15,852 7,610 8,057

Supplemental transactions -- non-cash items

Transfer of loans to other real estate 5,162 2,283 5,686 3,160
Loans originated to finance other real estate 57 0 164 484
Increase (decrease) in accumulated other comprehensive loss (3,236) (1,171) 589 77
Non-cash sales price related to divestitures 0 0 1,603 0

Acquisitions

Fair value of assets acquired NA 0 0 556,005
Fair value of liabilities assumed NA 0 0 506,179
Net assets acquired NA 0 0 49,826
Common stock issued in acquisition NA 0 0 86,631
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.