Cash Flow Statement (As Reported)

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 2014 Y2015 Y2016 Y2017 Y2018 Q1 YTD
Source Document12/31/201612/31/201712/31/201712/31/20173/31/2018
(in thousands)     
Net Income 18,02120,01722,76620,4759,161
Adjustments to Reconcile Net Income to Net Cash From Operating Activities 
Proceeds from sales of loans held for sale 228,906288,852324,828434,68292,607
Disbursements for loans held for sale (226,550)(285,608)(322,342)(426,410)(84,748)
Net increase in other liabilities held for sale NANANANA0
Provision for loan losses (3,136)(2,714)(1,309)1,199315
Deferred income tax expense 8,9189,2129,71816,0092,039
Deferred loan fees and costs (753)(1,234)(1,911)(5,159)(638)
Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities, loans and interest bearing deposits - time 3,0144,5535,2166,9571,819
Net gains on mortgage loans (5,628)(7,448)(10,566)(11,762)(2,571)
Net gains (losses) on securities (329)(20)(563)(260)173
Securities impairment recognized in earnings 9NANANANA
Net (gains) losses on other real estate and repossessed assets (500)(180)250(606)(290)
Vehicle service contract counterparty contingencies 199NANANANA
Share based compensation 1,1921,4771,6201,748407
Litigation settlement expense 002,3000NA
Loss on sale of payment plan business 003200NA
Net gain on branch sale 0(1,193)00NA
Gain on extinguishment of debt (500)NANANANA
Increase in accrued income and other assets (2,579)(1,483)(7,182)(3,708)(5,675)
Decrease in accrued expenses and other liabilities (7,213)(1,376)5595,442(5,711)
Total Adjustments (4,950)2,83893818,132(2,273)
Net Cash From Operating Activities 13,07122,85523,70438,6076,888
Cash Flow Used in Investing Activities 
Proceeds from the sale of securities available for sale 14,63312,03764,10317,30822,277
Proceeds from the maturity of securities available for sale 58,220NANANANA
Principal payments received on securities available for sale 84,487NANANANA
Proceeds from maturities, prepayments and calls of securities available for sale NA167,040203,029173,72334,067
Purchases of securities available for sale (224,946)(234,693)(297,925)(100,584)(23,637)
Purchases of interest bearing deposits - time (2,401)(4,595)00NA
Proceeds from the maturity of interest bearing deposits - time 6,7196,2226,2532,8501,000
Redemption of Federal Home Loan Bank and Federal Reserve Bank stock 3,8144,9063710NA
Purchase of Federal Reserve Bank stock (314)(458)(443)0NA
Net increase in portfolio loans (loans originated, net of principal payments) (37,195)(74,343)(107,472)(406,859)(68,611)
Purchase of portfolio loans 0(32,872)(15,000)0NA
Cash received from the sale of Mepco Finance Corporation assets, net NA0033,446NA
Net cash paid for branch sale 0(7,229)00NA
Proceeds from the collection of vehicle service contract counterparty receivables 3851,0924,786528NA
Proceeds from the sale of portfolio loans NANANANA16,460
Net increase in payment plan receivables and other assets held for sale NANANANA0
Proceeds from bank-owned life insurance 002,235523474
Proceeds from the sale of property and equipment 30955541626NA
Proceeds from the sale of other real estate and repossessed assets 18,4716,1794,2515,703608
Capital expenditures (4,298)(4,354)(3,459)(4,242)(921)
Net Cash Used in Investing Activities (82,116)(160,513)(138,855)(277,578)(18,283)
Cash Flow From (Used in) Financing Activities 
Net increase in total deposits 39,496170,314139,756174,81529,867
Net decrease in other borrowings (1)(1)06,754(6,753)
Proceeds from Federal Home Loan Bank Advances 1001000622,00040,000
Payments of Federal Home Loan Bank Advances (4,817)(615)(2,521)(583,587)(60,000)
Net decrease in vehicle service contract counterparty payables (2,112)NANANANA
Dividends paid (4,129)(5,896)(7,274)(8,960)(3,206)
Proceeds from issuance of common stock 97112827213
Repurchase of common stock 0(13,498)(16,854)0NA
Share based compensation withholding obligation 0(1,091)(627)(579)(888)
Redemption of subordinated debt (4,654)NANANANA
Net Cash From (Used in) Financing Activities 23,980149,425112,562210,515(967)
Net Decrease in Cash and Cash Equivalents (45,065)11,767(2,589)(28,456)(12,362)
Cash and Cash Equivalents at Beginning of Period 119,08174,01685,78383,19454,738
Cash and Cash Equivalents at End of Period 74,01685,78383,19454,73842,376
Cash paid during the period for 
Interest 7,3655,7696,4169,1632,656
Income taxes 2162955631,9700
Transfers to other real estate and repossessed assets 6,1436,6942,3551,735322
Transfer of payment plan receivables to vehicle service contract counterparty receivables 1801,2032000NA
Purchase of securities available for sale and interest bearing deposits - time not yet settled 26501,5821,000NA
Transfers to payment plan receivables and other assets held for sale 0033,3600NA
Transfers to other liabilities held for sale 007180NA
Purchase of securities available for sale not yet settled NANANANA3,220

Data shown on this page is extracted directly from the company’s documents. SNL 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, SNL, as always, stands by its commitment to the quality of the data.

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