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As Reported Financial Statements

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As Reported Financials

  • Balance Sheet
  • Income Statement
  • Cashflow Statement
  • Balance Sheet
  • Income Statement
  • Cashflow Statement
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 2020 Q3 YTD 10-Q 9/30/2020 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 2020 Q3 YTD 10-Q 9/30/2020 USD

OPERATING ACTIVITIES
Consolidated net income
7,897
6,163
10,507
10,537
18,196
Reclassification of federal income tax rate change
0
(245)
0
0
 NA

Adjustments to reconcile consolidated net income to net cash (used in) provided by operating activities
Provision for loan losses
968
1,316
1,035
1,211
7,400
Provision to reflect lower of cost or market value of mortgage loans held for sale
160
(160)
0
0
 NA
Deferred income taxes
235
504
380
398
2,003
Gain on disposal of premises and equipment
0
52
(13)
0
(1)
Depreciation and amortization of premises and equipment
976
1,017
1,697
1,996
2,084
Net amortization of securities
1,551
2,030
3,182
3,051
1,980
Net realized gains on sales of securities
(36)
(59)
(43)
(1,451)
(327)
Gains on mortgage loans sold, net
(6,317)
(3,675)
(4,418)
(4,905)
(7,605)
Stock-based compensation expense
251
616
923
1,222
1,183
Gain on other real estate
(301)
(27)
(259)
(166)
(24)
Provision for losses on other real estate
70
0
0
98
 NA
Increase in cash surrender value of life insurance contracts
(750)
(836)
(1,186)
(1,119)
(1,073)
Mortgage loans originated for resale
(158,617)
(157,220)
(141,783)
(179,331)
(327,521)
Proceeds from sale of mortgage loans
208,036
127,564
176,610
162,583
278,893
Cash payments arising from operating leases NA NA NA NA
2,327
Other accretion, net of other amortization
(1,331)
(377)
(756)
2,503
(10,748)
Change in
Accrued interest receivable
(690)
(1,958)
(1,305)
1,103
(4,094)
Other assets
(6,580)
4,371
(372)
(1,198)
(4,535)
Accrued interest payable
52
198
326
959
(526)
Other liabilities
1,501
403
(2,260)
(1,606)
6,497
TOTAL ADJUSTMENTS
39,178
(26,241)
31,758
(14,652)
(54,087)
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES
47,075
(20,323)
42,265
(4,115)
(35,891)

INVESTING ACTIVITIES
Cash received from merger
0
0
33,128
0
 NA
Cash used to convert shares, and redeem stock options and fractional shares, net of cash received NA NA NA NA
(8,500)

Activities in available for sale securities
Purchases
(59,332)
(95,430)
(106,893)
(50,430)
(31,179)
Sales
31,782
18,688
100,737
85,895
103,901
Maturities, prepayments and calls
9,255
6,763
12,987
12,807
10,370
(Purchases) redemptions of restricted equity securities NA
(641)
(2,190)
411
(1,867)
Loan originations and payments, net
(48,469)
(105,478)
(145,090)
(180,881)
 NA
Purchases of restricted equity securities
(889)
 NA NA NA NA
Net increase in loans NA NA NA NA
(146,777)
Purchase of premises and equipment
(873)
(1,766)
(4,342)
(1,339)
(2,709)
Proceeds from sale of premises and equipment NA NA NA NA
257
Proceeds from sale of other real estate
1,313
0
1,947
1,261
2,273
Improvement of other real estate
(16)
 NA NA NA NA
Purchase of life insurance contracts
(4,000)
(8,000)
0
0
 NA
NET CASH USED IN INVESTING ACTIVITIES
(71,229)
(185,864)
(109,716)
(132,276)
(74,231)

FINANCING ACTIVITIES
Net change in deposits
124,006
119,685
121,960
145,897
163,839
Net change in federal funds purchased
3,671
(3,671)
0
0
 NA
Net change in advances from Federal Home Loan Bank
(103,418)
64,514
(39,195)
(46,707)
 NA
Issuance of subordinate debentures, net of issuance costs NA
0
0
59,198
 NA
Proceeds from Federal Home Loan Bank Advances NA NA NA NA
444,000
Payments on Federal Home Loan Bank Advances NA NA NA NA
(463,156)
Proceeds from Federal Funds Purchased NA NA NA NA
5,000
Issuance of common stock, net of repurchase of restricted shares
4,772
24,032
398
600
(177)
Shares acquired from dissenting shareholder
0
 NA NA NA NA
Issuance of common stock related to exercise of stock options and ESPP NA NA NA NA
199
Redemption of common stock NA
0
(6)
(8,379)
0
Noncontrolling interest contributions received
285
1,245
2,255
5,659
990
Cash dividends paid on common stock
(1,489)
(3,193)
(3,451)
(4,013)
(4,550)
NET CASH PROVIDED BY FINANCING ACTIVITIES
27,827
202,612
81,961
152,255
146,145
NET CHANGE IN CASH AND CASH EQUIVALENTS
3,673
(3,575)
14,510
15,864
36,023
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD
20,570
24,243
20,668
35,178
51,649
CASH AND CASH EQUIVALENTS - END OF PERIOD
24,243
20,668
35,178
51,042
87,672

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

Cash paid during the period for
Interest
3,311
5,473
14,638
22,421
20,508
Taxes
3,091
1,750
1,400
1,303
4,565

Non-cash investing and financing activities
Unrealized gain on securities available-for-sale
(3,792)
5,380
(6,925)
13,842
 NA
Unrealized gain (loss) on derivatives
423
47
(690)
(1,992)
 NA
Change in due to/from noncontrolling interest
754
1,083
3,578
5,659
990
Acquired bank facilities no longer in use transferred to other real estate owned and foreclosed assets from premises and equipment NA NA NA NA
2,420
Loans foreclosed and transferred to other real estate owned and foreclosed assets
0
0
1,060
943
197
Dividends declared, not paid
1,711
542
1,036
76
 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.