As Reported Financial Statements

As Reported Financials

Balance Sheet
Cashflow Statement

Document Name As Of Date Currency Code (in units)	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 Q3 YTD 10-Q 9/30/2019 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 Q3 YTD 10-Q 9/30/2019 USD
Cash flows from operating activities
Net income	27,020,000	31,913,000	31,274,000	42,024,000	36,139,000
Adjustments to reconcile net income to net cash from operating activities
Depreciation and amortization	11,654,000	9,576,000	10,358,000	9,766,000	6,997,000
Accretion of acquired loans	(5,338,000)	(4,925,000)	(2,338,000)	(1,373,000)	(522,000)
Provision for loan losses	(1,000,000)	2,900,000	2,950,000	1,100,000	2,450,000
Deferred income tax expense (benefit)	4,412,000	(812,000)	831,000	(372,000)	NA
Stock-based compensation expense	684,000	1,459,000	1,981,000	2,410,000	2,199,000
Stock grants to directors for retainer fee	403,000	327,000	363,000	441,000	375,000
Proceeds from sales of mortgage loans held for sale	120,880,000	114,757,000	111,311,000	101,146,000	163,056,000
Origination of mortgage loans held for sale	(116,997,000)	(110,778,000)	(108,857,000)	(96,179,000)	(169,661,000)
Net gain from sales of mortgage loans held for sale	(3,626,000)	(3,699,000)	(3,972,000)	(3,536,000)	(5,032,000)
Gain on trust preferred securities repurchase	0	(2,970,000)	0	0	NA
Net gain from sales and valuation write-downs of foreclosed assets	(62,000)	(520,000)	(319,000)	(169,000)	(132,000)
Net gain from sales and valuation write-downs of former bank premises	0	35,000	133,000	(78,000)	(559,000)
Net loss from sales and write-downs of fixed assets	55,000	174,000	71,000	134,000	5,000
Net (gain) loss from sales of available for sale securities	(17,000)	1,000	(37,000)	0	NA
Earnings on bank owned life insurance	(1,113,000)	(1,264,000)	(2,731,000)	(1,287,000)	(3,567,000)
Net change in
Accrued interest receivable	(321,000)	122,000	(1,056,000)	(1,126,000)	(609,000)
Other assets	(4,815,000)	(648,000)	(354,000)	(2,193,000)	(7,163,000)
Accrued interest payable and other liabilities	4,185,000	(1,046,000)	(943,000)	11,029,000	(3,843,000)
Net cash from operating activities	36,004,000	34,602,000	38,665,000	61,737,000	20,133,000
Cash flows from investing activities
Loan originations and payments, net	(188,932,000)	(97,282,000)	(178,373,000)	(193,556,000)	(168,412,000)
Purchases of securities available for sale	(10,645,000)	(164,336,000)	(67,027,000)	(48,664,000)	(53,353,000)
Proceeds from maturities, calls and repayments of securities available for sale	93,873,000	172,173,000	52,504,000	40,308,000	60,617,000
Proceeds from sales of securities available for sale	1,483,000	264,000	7,619,000	0	NA
Proceeds from sales of foreclosed assets	2,967,000	2,059,000	993,000	772,000	632,000
Proceeds from sales of former bank premises	0	45,000	25,000	1,964,000	854,000
Purchases of Federal Home Loan Bank stock	0	(459,000)	(3,010,000)	(4,986,000)	(1,980,000)
Proceeds from Federal Home Loan Bank stock redemption	6,132,000	NA	NA	NA	NA
Purchases of bank owned life insurance	0	(7,000,000)	(1,500,000)	0	(2,500,000)
Proceeds from bank owned life insurance cash value release and death benefits	0	0	2,720,000	0	7,708,000
Net purchases of premises and equipment	(1,081,000)	(2,025,000)	(5,423,000)	(6,318,000)	(9,109,000)
Net cash for investing activities	(96,203,000)	(96,561,000)	(191,472,000)	(210,480,000)	(165,543,000)
Cash flows from financing activities
Net increase (decrease) in time deposits	(147,106,000)	(20,854,000)	(55,839,000)	(30,091,000)	196,035,000
Net increase in all other deposits	146,944,000	120,457,000	203,219,000	(28,566,000)	107,348,000
Net increase (decrease) in securities sold under agreements to repurchase	(12,798,000)	(23,061,000)	(12,962,000)	(15,229,000)	471,000
Maturities of Federal Home Loan Bank advances	(6,000,000)	(3,000,000)	(45,000,000)	(30,000,000)	(30,000,000)
Proceeds from Federal Home Loan Bank advances	20,000,000	110,000,000	90,000,000	160,000,000	44,000,000
Proceeds from stock option exercises	891,000	978,000	318,000	108,000	16,000
Employee stock purchase plan	44,000	36,000	46,000	52,000	39,000
Dividend reinvestment plan	655,000	1,601,000	1,576,000	1,165,000	541,000
Repurchases of common stock shares	(15,762,000)	(3,732,000)	0	(5,943,000)	(7,110,000)
Repurchase of trust preferred securities	0	(8,030,000)	0	0	NA
Payment of cash dividends to common shareholders	(9,516,000)	(18,731,000)	(12,046,000)	(27,500,000)	(12,746,000)
Net cash from (for) financing activities	(22,648,000)	155,664,000	169,312,000	23,996,000	298,594,000
Net change in cash and cash equivalents	(82,847,000)	93,705,000	16,505,000	(124,747,000)	153,184,000
Cash and cash equivalents at beginning of period	172,738,000	89,891,000	183,596,000	200,101,000	75,354,000
Cash and cash equivalents at end of period	89,891,000	183,596,000	200,101,000	75,354,000	228,538,000
Supplemental disclosures of cash flows information
Cash paid during the period for
Interest	11,618,000	12,477,000	15,468,000	21,569,000	23,361,000
Federal income tax	8,000,000	15,125,000	14,225,000	10,075,000	8,875,000
Noncash financing and investing activities
Transfers from loans to foreclosed assets	2,203,000	414,000	887,000	744,000	227,000
Transfers from bank premises to other real estate owned	0	381,000	1,736,000	296,000	0

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.

As Reported Financials

Cashflow Statement

Cash flows from operating activities

Adjustments to reconcile net income to net cash from operating activities

Cash flows from investing activities

Cash flows from financing activities

Supplemental disclosures of cash flows information

Cash paid during the period for

Noncash financing and investing activities