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Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 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
Net income 39,158 15,979 (681) 11,905 22,969

OPERATING ACTIVITIES

Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities

Provision for Loan Losses 3,300 17,717 43,197 16,870 4,386
Origination of Loans Held-for-Sale 0 0 (45,900) (29,307) (164,098)
Proceeds From Loans Held-for-Sale 0 0 45,383 27,265 146,143
Depreciation of Bank Premises and Equipment, Net 3,255 3,285 3,150 3,682 3,909
Amortization of Core Deposit Intangible 2,447 NA NA NA NA
Deferred Income Tax Provision (2,283) (5,832) (10,371) 4,850 1,586
Net Amortization of Securities 0 NA 1,332 4,704 3,023
Tax Credit Impairment NA 0 3,259 0 NA
Tax Credit Amortization NA 0 0 4,060 1,689
Gains on Sales of Securities, Net 0 0 (1,186) (1,271) (1,599)
Write-downs of Other Real Estate Owned, Net 13 8,411 9,967 8,714 327
Losses (Gains) on Sales of Other Real Estate Owned, Net 248 2,336 (58) (513) 242
Losses on Sales and Write-downs of Bank Premises 0 0 714 186 NA
Losses on Sales and Write-downs of Bank Premises and Equip, Net NA NA NA NA 23
Increase in the Value of Life Insurance Contracts NA 0 0 (1,161) (1,079)
Stock Compensation Expense NA 0 0 9 NA
Stock Compensation Expense, net of forfeitures NA NA NA NA 269
Decrease (Increase) in Other Assets 10,469 (9,254) (8,053) (2,504) 8,753
Increase in Other Liabilities (2,949) 14 3,511 1,653 2,090
Net Cash Provided By Operating Activities 53,658 32,656 44,264 49,142 28,633

INVESTING ACTIVITIES

Securities Held-to-Maturity

Proceeds from Maturities and Redemptions 406,163 667,407 57,330 0 NA
Purchases 0 (125,000) (41,436) 0 NA

Securities Available-for-Sale

Proceeds from Sales 0 0 123,920 133,120 312,727
Proceeds from Maturities, Redemptions, and Pay-downs 0 0 183,197 219,223 146,744
Purchases 0 0 (393,499) (201,240) (385,089)
Purchase of Federal Home Loan Bank Stock, at Cost NA NA NA NA (3,688)
Purchase of Bank Premises and Equipment, Net (597) (844) (3,540) (14,613) (6,463)
Proceeds from Sales of Bank Premises and Equipment, Net NA NA NA NA 1,135
Loan Originations and Payments, Net (319,186) (95,977) (5,606) (59,655) (203,465)
Purchases of Bank Owned Life Insurance NA 0 0 (50,000) 0
Other Real Estate Owned Improvements 0 (168) (372) (1,272) 0
Proceeds from Sales of Other Real Estate Owned 649 2,124 3,802 28,679 11,008
Net Cash Used In Investing Activities 87,029 447,542 (76,204) 54,242 (127,091)

FINANCING ACTIVITIES

Net Change in Demand, Money Markets and Savings Accounts 88,996 (45,681) (66,225) (121,986) 7,295
(Decrease) Increase in Time Deposits 151,608 (345,041) (327,999) 43,552 (76,495)
Cash Dividends (10,503) (7,878) 0 0 NA
Net Cash Used In Financing Activities 230,101 (398,600) (394,224) (78,434) (69,200)
Net Decrease in Cash and Cash Equivalents 370,788 81,598 (426,164) 24,950 (167,658)
Cash and Cash Equivalents at Beginning of Period 242,391 613,179 694,777 268,613 293,823
Cash and Cash Equivalents at End of Period 613,179 694,777 268,613 293,563 126,165

Supplementary Data

Cash Paid for Interest 47,124 46,848 37,824 37,918 34,833
Cash Paid for Income Taxes 6,988 10,801 1,675 175 200
Transfer of Securities from Held-to-Maturity to Available-for-Sale 0 0 863,800 0 NA
Unrealized Gain on Transfer of Securities from Held-to-Maturity to Available-for-Sale 0 0 5,600 0 NA
Unrealized Gains (Losses) on Securities Available-for-Sale 0 0 (8,435) (9,907) NA
Transfer from Loans to Loans Held-for-Sale 0 NA NA NA NA
Transfer from Loans to Other Real Estate Owned 503 610 17,912 28,212 302
Transfer from Bank Premises and Equipment to Other Real Estate Owned 0 0 19,009 2,177 706
Loans Provided for Sales of Other Real Estate Owned 0 7,771 7,347 893 0
Right-of-use Asset Recorded in Exchange for Lease Liabilities NA NA NA NA 1,659
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.