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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 11,813 $ 9,556
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization (Accretion) on Securities (904) 808
Depreciation and Amortization 1,199 1,127
Loans Originated for Sale (29,822) (24,566)
Proceeds from Sales of Loans Held-for-Sale 30,592 33,615
Provision for Loan Losses 350 500
Gain on Sale of Loans, net (650) (687)
Gain on Securities, net (270) 0
Loss (Gain) on Sales of Other Real Estate and Repossessed Assets (13) 0
Loss on Disposition and Donation of Premises and Equipment (1) 0
Increase in Cash Surrender Value of Company Owned Life Insurance (252) (261)
Equity Based Compensation 279 295
Change in Assets and Liabilities:    
Interest Receivable and Other Assets 16 (1,602)
Interest Payable and Other Liabilities 1,402 3,857
Net Cash from Operating Activities 13,739 22,642
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturity of Securities Available-for-Sale 22,930 21,154
Proceeds from Sales of Securities Available-for-Sale 7,295 0
Purchase of Securities Available-for-Sale (37,736) (32,351)
Purchase of Loans 0 (59)
Proceeds from Sales of Loans 6,000 0
Loans Made to Customers, net of Payments Received (16,519) 6,182
Proceeds from Sales of Other Real Estate 26 152
Property and Equipment Expenditures (4,790) (2,433)
Proceeds from Sales of Property and Equipment 1 0
Net Cash from Investing Activities (22,793) (7,355)
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits (16,894) (23,003)
Change in Short-term Borrowings 9,297 (40,985)
Advances in Long-term Debt 35,000 25,000
Repayments of Long-term Debt (45,058) (776)
Dividends Paid (3,440) (2,900)
Net Cash from Financing Activities (21,095) (42,664)
Net Change in Cash and Cash Equivalents (30,149) (27,377)
Cash and Cash Equivalents at Beginning of Year 70,359 64,816
Cash and Cash Equivalents at End of Period 40,210 37,439
Cash Paid During the Period for    
Interest 3,641 2,361
Income Taxes 0 0
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate $ 27 $ 118