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 2019 Q2 YTD 6/30/2019 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 2019 Q2 YTD 6/30/2019 USD

Operating activities

Net income 24,540 25,126 21,485 36,340 20,082

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

Provision for loan losses 2,191 1,255 2,771 2,393 2,805
Depreciation and amortization of premises and equipment 4,135 3,563 3,560 2,912 1,565
Amortization of premiums on investments, net 1,375 1,066 172 40 116
Amortization of FDIC indemnification asset, net 6,379 5,474 3,517 2,181 1,068
Amortization of intangible assets 1,118 1,136 1,056 1,039 495
Goodwill impairment NA 0 0 1,492 NA
Accretion on acquired loans (7,109) (4,766) (5,417) (6,391) (2,154)
Gain on divestiture, net 0 (3,682) 0 0 NA
Gain on sale of loans, net (501) NA NA NA NA
Equity-based compensation expense 110 531 790 1,158 1,006
Restricted stock awards 200 NA NA NA NA
Issuance of common stock to 401(k) plan 363 384 415 352 227
(Gain) loss on sale of premises and equipment, net 23 238 (1) (25) (183)
Loss on sale of other real estate owned 3,002 1,495 791 1,313 557
Loss on sale of securities (144) (335) 661 618 43
Net impairment losses recognized in earnings 0 4,646 0 0 NA
FHLB debt prepayment fees 1,702 NA NA NA NA
Proceeds from sale of mortgage loans 21,993 NA NA NA NA
Originations of mortgage loans (19,700) NA NA NA NA
Loss on extinguishment of debt NA 0 0 1,096 NA
Decrease in accrued interest receivable NA NA NA NA 164
(Increase) decrease in other operating activities 18,842 6,957 6,570 4,981 (342)
Net cash provided by operating activities 58,519 43,088 36,370 49,499 25,449

Investing activities

Proceeds from sale of securities available for sale 10,999 104,928 13,664 8,937 13,897
Proceeds from maturities, prepayments, and calls of securities available for sale 29,931 99,906 37,155 68,765 23,824
Proceeds from maturities and calls of securities held to maturity 190 25,190 21,840 0 25,000
Payments to acquire securities available for sale (81,540) (1,174) (49,406) (67,355) (2,234)
Payments to acquire securities held to maturity (15,003) NA NA NA NA
Proceeds from repayment of loans, net (24,719) (159,243) 37,455 39,512 51,555
Proceeds from bank owned life insurance NA 0 2,639 458 0
Proceeds from FHLB stock, net 1,279 130 694 (2,122) 129
Cash proceeds from mergers, acquisitions, and divestitures, net (88) 29,716 0 10 NA
(Payments to) proceeds from the FDIC 2,683 4,403 1,689 (151) (20)
Proceeds from sale of premises and equipment NA 1,092 57 955 948
Payments to acquire premises and equipment (1,239) (1,885) (2,354) (2,551) (4,952)
Proceeds from sale of other real estate owned 6,722 7,147 4,363 2,940 1,542
Net cash provided by (used in) investing activities (70,785) 110,210 67,796 49,398 109,689

Financing activities

Increase in noninterest-bearing deposits, net 33,782 (17,482) 26,438 5,407 21,023
Decrease in interest-bearing deposits, net (161,282) (37,576) 62,115 (79,548) (28,735)
Repayments of securities sold under agreements to repurchase, net 16,872 (40,609) (67,919) (716) (26,287)
Repayments of FHLB and other borrowings, net (28,945) (48) (30,708) (50,000) NA
Redemption of preferred stock (2,367) NA NA NA NA
Proceeds from stock options exercised 63 921 378 384 82
Excess tax benefit from equity-based compensation 8 174 0 0 NA
Payments for repurchase of common stock (21,525) (23,762) (1,263) (34,412) (14,359)
Payments of common dividends (9,994) (10,396) (11,563) (21,090) (7,257)
Payments of preferred dividends (219) NA NA NA NA
Net cash used in financing activities (173,607) (128,778) (22,522) (179,975) (55,533)
Net increase (decrease) in cash and cash equivalents (185,873) 24,520 81,644 (81,078) 79,605
Cash and cash equivalents at beginning of period 237,660 51,787 76,307 157,951 76,873
Cash and cash equivalents at end of period 51,787 76,307 157,951 76,873 156,478

Supplemental disclosure -- cash flow information

Cash paid for interest 11,757 9,845 8,267 7,935 2,899
Cash paid for income taxes 6,900 6,588 15,852 7,610 5,337

Supplemental transactions -- noncash items

Transfer of loans to other real estate owned 6,317 5,162 2,283 5,686 2,694
Loans originated to finance other real estate owned 649 57 0 164 471
Decrease (increase) in accumulated other comprehensive loss 358 (3,236) (1,171) 589 1,048
Non-cash sales price related to divestitures NA 0 0 1,603 NA
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