XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 22,910 $ 19,395
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 1,793 1,669
Depreciation and Amortization 2,601 2,317
Loans Originated for Sale (65,071) (57,304)
Proceeds from Sales of Loans Held-for-Sale 63,710 64,286
Provision for Loan Losses 1,570 850
Gain on Sale of Loans, net (1,555) (1,646)
Gain on Securities, net (344) 0
Gain on Sales of Other Real Estate and Repossessed Assets (13) (7)
Loss (Gain) on Disposition and Donation of Premises and Equipment (36) 2
Increase in Cash Surrender Value of Company Owned Life Insurance (521) (759)
Equity Based Compensation 562 637
Change in Assets and Liabilities:    
Interest Receivable and Other Assets 2,924 (196)
Interest Payable and Other Liabilities 90 (751)
Net Cash from Operating Activities 28,620 28,493
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturity of Securities Available-for-Sale 37,481 40,792
Proceeds from Sales of Securities Available-for-Sale 17,515 0
Purchase of Securities Available-for-Sale (68,923) (56,941)
Purchase of Loans 0 (59)
Proceeds from Sales of Loans 6,000 0
Loans Made to Customers, net of Payments Received (66,922) (43,297)
Proceeds from Sales of Other Real Estate 54 190
Property and Equipment Expenditures (8,862) (3,302)
Proceeds from Sales of Property and Equipment 40 0
Acquire Bank Branches 41,392 0
Net Cash from Investing Activities (42,225) (62,617)
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits (58,239) 13,909
Change in Short-term Borrowings 89,640 (18,851)
Advances in Long-term Debt 35,000 50,000
Repayments of Long-term Debt (45,089) (25,804)
Issuance of Common Stock 101  
(Retirement) of Common Stock   (29)
Dividends Paid (6,885) (5,880)
Net Cash from Financing Activities 14,528 13,345
Net Change in Cash and Cash Equivalents 923 (20,779)
Cash and Cash Equivalents at Beginning of Year 70,359 64,816
Cash and Cash Equivalents at End of Period 71,282 44,037
Cash Paid During the Period for    
Interest 7,641 4,913
Income Taxes 2,150 7,239
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate $ 27 $ 1,230