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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 15,067 $ 11,813
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization (Accretion) on Securities 868 (904)
Depreciation and Amortization 2,010 1,199
Loans Originated for Sale (33,043) (29,822)
Proceeds from Sales of Loans Held-for-Sale 29,622 30,592
Provision for Loan Losses 675 350
Gain on Sale of Loans, net (981) (650)
Gain on Securities, net (155) (270)
Gain on Sales of Other Real Estate and Repossessed Assets 0 (13)
Loss (Gain) on Disposition and Donation of Premises and Equipment 0 (1)
Gain on Disposition of Land (262) 0
Increase in Cash Surrender Value of Company Owned Life Insurance (331) (252)
Equity Based Compensation 311 279
Change in Assets and Liabilities:    
Interest Receivable and Other Assets 683 16
Interest Payable and Other Liabilities 879 1,402
Net Cash from Operating Activities 15,343 13,739
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturity of Securities Available-for-Sale 18,123 22,930
Proceeds from Sales of Securities Available-for-Sale 11,815 7,295
Purchase of Securities Available-for-Sale (30,591) (37,736)
Purchase of Loans (521) 0
Proceeds from Sales of Loans 0 6,000
Loans Made to Customers, net of Payments Received 18,808 (16,519)
Proceeds from Sales of Other Real Estate 286 26
Property and Equipment Expenditures (1,629) (4,790)
Proceeds from Sales of Property and Equipment 0 1
Proceeds from Sale of Land 722 0
Proceeds from Life Insurance 1,019 0
Net Cash from Investing Activities 18,032 (22,793)
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits (7,184) (16,894)
Change in Short-term Borrowings (83,904) 9,297
Advances in Long-term Debt 25,000 35,000
Repayments of Long-term Debt (64) (45,058)
Dividends Paid (4,245) (3,440)
Net Cash from Financing Activities (70,397) (21,095)
Net Change in Cash and Cash Equivalents (37,022) (30,149)
Cash and Cash Equivalents at Beginning of Year 96,550 70,359
Cash and Cash Equivalents at End of Period 59,528 40,210
Cash Paid During the Period for    
Interest 7,468 3,641
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate 685 $ 27
Right of Use Asset Obtained in Exchange for Lease Liabilities $ 9,034