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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 46,529 $ 40,676 $ 35,184
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:      
Net Amortization on Securities 3,550 3,543 3,675
Depreciation and Amortization 6,184 4,687 4,315
Loans Originated for Sale (131,916) (122,518) (138,192)
Proceeds from Sales of Loans Held-for-Sale 137,417 134,316 137,307
Provision for Loan Losses 2,070 1,750 1,200
Gain on Sale of Loans, net (3,004) (3,280) (3,359)
Gain on Securities, net (706) (596) (1,979)
Gain on Sales of Other Real Estate and Repossessed Assets (41) (17) (55)
Loss (Gain) on Disposition and Donation of Premises and Equipment (36) 870 5
Loss on Disposition of Land 44 0 0
Post Retirement Medical Benefit (55) (34) 7
Increase in Cash Surrender Value of Company Owned Life Insurance (1,141) (1,370) (1,068)
Equity Based Compensation 1,355 1,246 1,407
Excess Tax Benefit from Restricted Share Grant 32 240 200
Change in Assets and Liabilities:      
Interest Receivable and Other Assets 2,211 (4,528) 5,813
Interest Payable and Other Liabilities (162) (110) (2,547)
Net Cash from Operating Activities 62,331 54,875 41,913
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of Other Short-term Investments 0 0 (1,000)
Proceeds from Maturity of Other Short-term Investments 0 0 1,992
Proceeds from Maturities of Securities Available-for-Sale 78,714 79,955 103,301
Proceeds from Sales of Securities Available-for-Sale 91,013 49,459 165,102
Purchase of Securities Available-for-Sale (140,604) (156,802) (225,456)
Proceeds from Maturities of Securities Held-to-Maturity 0 0 95
Purchase of Federal Home Loan Bank Stock 0 0 (1,350)
Proceeds from Redemption of Federal Home Loan Bank Stock 2,607 0 0
Purchase of Loans (1,209) (5,547) (5,383)
Proceeds from Sales of Loans 6,000 1,106 2,029
Loans Made to Customers, net of Payments Received (87,127) (149,336) (106,198)
Proceeds from Sales of Other Real Estate 662 1,435 1,429
Property and Equipment Expenditures (15,186) (11,183) (5,234)
Proceeds from Sales of Property and Equipment 40 6 0
Proceeds from Sale of Land 393 0 0
Proceeds from Life Insurance 765 1,627 0
Acquisition of River Valley Bancorp 0 0 (1,016)
Cash from Acquisition of Bank Branches 42,700 0 0
Acquisition of First Security, Inc. (17,566) 0 0
Net Cash from Investing Activities (38,798) (189,280) (71,689)
CASH FLOWS FROM FINANCING ACTIVITIES      
Change in Deposits (11,112) 134,737 118,231
Change in Short-term Borrowings 42,999 (4,054) (40,163)
Advances in Long-term Debt 25,000 75,000 0
Repayments of Long-term Debt (40,155) (53,864) (24,910)
Issuance (Retirement) of Common Stock   (29) 55
Dividends Paid (14,074) (11,842) (10,630)
Net Cash from Financing Activities 2,658 139,948 42,583
Net Change in Cash and Cash Equivalents 26,191 5,543 12,807
Cash and Cash Equivalents at Beginning of Year 70,359 64,816 52,009
Cash and Cash Equivalents at End of Year 96,550 70,359 64,816
Cash Paid During the Year for      
Interest 18,239 10,852 8,348
Income Taxes 5,920 12,462 9,254
Supplemental Non Cash Disclosures (See Note 18 for Business Combinations)      
Loans Transferred to Other Real Estate 398 1,230 565
Reclassification of Land and Buildings to Other Assets $ 850 $ 330 $ 664