XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 35,549 $ 29,055
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 2,698 2,591
Depreciation and Amortization 4,226 3,496
Loans Originated for Sale (101,867) (95,278)
Proceeds from Sales of Loans Held-for-Sale 101,802 104,639
Provision for Loan Losses 2,070 1,100
Gain on Sale of Loans, net (2,421) (2,598)
Gain on Securities, net (434) (575)
Gain on Sales of Other Real Estate and Repossessed Assets (13) (8)
Loss (Gain) on Disposition and Donation of Premises and Equipment (36) 873
Increase in Cash Surrender Value of Company Owned Life Insurance (784) (1,089)
Equity Based Compensation 835 941
Change in Assets and Liabilities:    
Interest Receivable and Other Assets (2,314) (1,985)
Interest Payable and Other Liabilities 3,147 2,656
Net Cash from Operating Activities 42,458 43,818
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturity of Securities Available-for-Sale 58,926 61,763
Proceeds from Sales of Securities Available-for-Sale 22,919 48,343
Purchase of Securities Available-for-Sale (101,712) (129,760)
Purchase of Loans 0 (211)
Proceeds from Sales of Loans 6,000 0
Loans Made to Customers, net of Payments Received (85,183) (97,976)
Proceeds from Sales of Other Real Estate 54 912
Property and Equipment Expenditures (12,692) (7,277)
Proceeds from Sales of Property and Equipment 40 2
Proceeds from Life Insurance 251 0
Cash from Acquisition of Bank Branches 41,392 0
Net Cash from Investing Activities (70,005) (124,204)
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits (18,804) 75,211
Change in Short-term Borrowings 86,890 (20,354)
Advances in Long-term Debt 35,000 75,000
Repayments of Long-term Debt (70,122) (50,834)
Issuance of Common Stock 138  
(Retirement) of Common Stock   (29)
Dividends Paid (10,330) (8,862)
Net Cash from Financing Activities 22,772 70,132
Net Change in Cash and Cash Equivalents (4,775) (10,254)
Cash and Cash Equivalents at Beginning of Year 70,359 64,816
Cash and Cash Equivalents at End of Period 65,584 54,562
Cash Paid During the Period for    
Interest 12,432 7,823
Income Taxes 3,710 10,661
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate 87 1,230
Reclassification of Land to Other Assets $ 0 $ 330