Cash flows from operating activities | |
Net income (loss) | |
Adjustments to reconcile net income to net cash from operating activities | |
Depreciation and amortization | |
Provision for loan losses | -1.9M |
Net amortization (accretion) on securities | 965K |
Goodwill impairment charge | |
Stock-based compensation expense | 315K |
Deferred income taxes (benefit) | |
Net gain on loans originated for sale | |
Loans originated for sale | -3.83M |
Proceeds from sales of loans originated for sale | -3.94M |
Net (gain) loss on sales of investment securities | |
Net loss on sales of other real estate owned | -221K |
Net write-down of other real estate owned | 970K |
Earnings on bank owned life insurance | -300K |
Net change in accrued interest receivable and other assets | -701K |
Net change in accrued interest payable and other liabilities | -57K |
Net cash from operating activities | |
Cash flows from investing activities | |
Purchases of available-for-sale securities | -18.87M |
Sales and calls of available-for-sale securities | 6.28M |
Maturities and prepayments of available-for-sale securities | 16.93M |
Proceeds from sale of other real estate owned | 12.34M |
Improvements to other real estate owned | |
Loan originations and payments, net | |
Purchases of premises and equipment, net | -386K |
Net cash from investing activities | |
Cash flows from financing activities | |
Net change in deposits | -41.05M |
Net change in federal funds purchased and repurchase agreements | |
Repayment of Federal Home Loan Bank advances | -462K |
Advances from Federal Home Loan Bank | 0 |
Repayment of subordinated capital note | -675K |
Issuance of preferred stock and warrants | |
Issuance of common stock and warrants | |
Cash dividends paid on preferred stock | |
Cash dividends paid on common stock | |
Net cash from financing activities | |
Net change in cash and cash equivalents | -29.49M |
Beginning cash and cash equivalents | 93.34M |
Ending cash and cash equivalents | 63.84M |
Supplemental cash flow information: | |
Interest paid | 3.93M |
Income taxes paid | 21K |
Supplemental non-cash disclosure: | |
Transfer from loans to other real estate | |
Financed sales of other real estate owned | 270K |