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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 35,184 $ 30,064 $ 28,344
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:      
Net Amortization on Securities 3,675 2,548 2,025
Depreciation and Amortization 4,315 4,264 4,810
Loans Originated for Sale (138,192) (137,687) (96,760)
Proceeds from Sales of Loans Held-for-Sale 137,307 136,088 101,608
Provision for Loan Losses 1,200 0 150
Gain on Sale of Loans, net (3,359) (2,959) (1,892)
Gain on Securities, net (1,979) (725) (1,481)
Loss (Gain) on Sales of Other Real Estate and Repossessed Assets (55) 63 (58)
Loss on Disposition and Donation of Premises and Equipment 5 389 93
Post Retirement Medical Benefit 7 15 29
Increase in Cash Surrender Value of Company Owned Life Insurance (1,068) (689) (865)
Equity Based Compensation 1,407 963 627
Excess Tax Benefit from Restricted Share Grant 200 89 40
Change in Assets and Liabilities:      
Interest Receivable and Other Assets 5,813 172 (10,119)
Interest Payable and Other Liabilities (2,547) (1,328) 9,917
Net Cash from Operating Activities 41,913 31,267 36,468
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of Other Short-term Investments (1,000) 0 0
Proceeds from Maturity of Other Short-term Investments 1,992 100 0
Proceeds from Maturities, Calls, Redemptions of Securities Available-for-Sale 103,301 90,702 78,735
Proceeds from Sales of Securities Available-for-Sale 165,102 18,999 60,164
Purchase of Securities Available-for-Sale (225,456) (116,942) (151,740)
Proceeds from Maturities of Securities Held-to-Maturity 95 89 84
Purchase of Federal Home Loan Bank Stock (1,350) (2,395) (91)
Proceeds from Redemption of Federal Home Loan Bank Stock 0 864 2,055
Purchase of Loans (5,383) (9,895) (8,132)
Proceeds from Sales of Loans 2,029 0 0
Loans Made to Customers, net of Payments Received (106,198) (108,007) (58,587)
Proceeds from Sales of Other Real Estate 1,429 1,170 2,045
Property and Equipment Expenditures (5,234) (1,614) (3,053)
Proceeds from Sales of Property and Equipment 0 0 23
Acquisition of River Valley Bancorp (1,016) 0 0
Net Cash from Investing Activities (71,689) (126,929) (78,497)
CASH FLOWS FROM FINANCING ACTIVITIES      
Change in Deposits 118,231 46,630 (32,364)
Change in Short-term Borrowings (40,163) 36,244 87,940
Advances in Long-term Debt   75,000 20,321
Repayments of Long-term Debt (24,910) (44,135) (43,117)
Issuance of Common Stock 55 49 50
Employee Stock Purchase Plan   447 (37)
Dividends Paid (10,630) (9,010) (8,450)
Net Cash from Financing Activities 42,583 105,225 24,343
Net Change in Cash and Cash Equivalents 12,807 9,563 (17,686)
Cash and Cash Equivalents at Beginning of Year 52,009 42,446 60,132
Cash and Cash Equivalents at End of Year 64,816 52,009 42,446
Cash Paid During the Year for      
Interest 8,348 6,146 6,071
Income Taxes 9,254 9,083 11,267
Supplemental Non Cash Disclosures      
Loans Transferred to Other Real Estate 565 1,046 1,314
Reclassification of Land to Other Assets $ 664 $ 0 $ 0