Cash Flows from Operating Activities | |
Net income | 13.4M |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |
Provision for loan losses | 870K |
Provision for losses on mortgage loans sold | |
Net gains/losses on sales and write-down of other real estate owned | 35K |
Deferred tax benefit | -692K |
Stock-based compensation | 251K |
Valuation allowance on derivatives | -88K |
Amortization of premiums and discount accretion on securities, net | 1.46M |
Depreciation and amortization | 384K |
Changes in assets and liabilities: | |
Decrease in valuation of loans held for sale carried at fair value | -1.27M |
Decrease in loans held for sale | |
Decrease in other assets | -1.97M |
Decrease in other liabilities | |
Net cash provided by (used in) operating activities | |
Cash Flows from Investing Activities | |
Proceeds from maturities and calls of securities available for sale | 13.2M |
Proceeds from sale of securities available for sale | 12.44M |
Purchases of securities available for sale | -53.5M |
Net (increase) decrease in loans | -78.81M |
Proceeds from sales of other real estate owned | 463K |
Purchases of premises and equipment | -541K |
Net cash provided by (used in) investing activities | |
Cash Flows from Financing Activities | |
Net increase in demand, interest-bearing demand and savings deposits | 244.92M |
Net (decrease) increase in time deposits | -43.61M |
(Decrease) increase in securities sold under agreement to repurchase | |
Net increase (decrease) in other short-term borrowings | -45M |
Net decrease in long-term borrowings | 20M |
Proceeds from issuance of common stock | |
Repurchase of common stock | |
Dividends paid | -4.76M |
Net cash (used) provided by financing activities | |
(Decrease) increase in cash and cash equivalents | 46.02M |
Cash and Cash Equivalents | |
Beginning | 35.89M |
Ending | 81.91M |
Supplemental Disclosures of Cash Flow Information | |
Cash payments for interest | 2.98M |
Cash payments for income taxes | 4.83M |
Supplemental Disclosures of Noncash Investing Activities | |
Unrealized gain on securities available for sale |