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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 43,402 $ 35,549
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 2,845 2,698
Depreciation and Amortization 6,364 4,226
Loans Originated for Sale (143,041) (101,867)
Proceeds from Sales of Loans Held-for-Sale 131,921 101,802
Provision for Loan Losses 3,725 2,070
Gain on Sale of Loans, net (3,660) (2,421)
Gain on Securities, net (984) (434)
Gain on Sales of Other Real Estate and Repossessed Assets 0 (13)
Loss (Gain) on Disposition and Donation of Premises and Equipment 0 (36)
Gain on Disposition of Land (352) 0
Increase in Cash Surrender Value of Company Owned Life Insurance (1,034) (784)
Equity Based Compensation 927 835
Change in Assets and Liabilities:    
Interest Receivable and Other Assets 94 (2,314)
Interest Payable and Other Liabilities 5,581 3,147
Net Cash from Operating Activities 45,788 42,458
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturity of Other Short-term Investments 496 0
Proceeds from Maturities of Securities Available-for-Sale 78,134 58,926
Proceeds from Sales of Securities Available-for-Sale 75,299 22,919
Purchase of Securities Available-for-Sale (119,010) (101,712)
Proceeds from Redemption of Federal Home Loan Bank Stock 1,145 0
Purchase of Loans (657) 0
Proceeds from Sales of Loans 0 6,000
Loans Made to Customers, net of Payments Received 24,832 (85,183)
Proceeds from Sales of Other Real Estate 369 54
Property and Equipment Expenditures (5,619) (12,692)
Proceeds from Sales of Property and Equipment 0 40
Proceeds from Sale of Land 1,022 0
Proceeds from Life Insurance 1,019 251
Net Cash from Investing Activities 62,575 (70,005)
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits (11,975) (18,804)
Change in Short-term Borrowings (123,651) 86,890
Advances in Long-term Debt 90,000 35,000
Repayments of Long-term Debt (57,134) (70,122)
Issuance of Common Stock 6 138
Dividends Paid (13,025) (10,330)
Net Cash from Financing Activities (115,779) 22,772
Net Change in Cash and Cash Equivalents (7,416) (4,775)
Cash and Cash Equivalents at Beginning of Year 96,550 70,359
Cash and Cash Equivalents at End of Period 89,134 65,584
Cash Paid During the Period for    
Interest 22,450 12,432
Income Taxes 7,039 3,710
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate 708 87
Reclassification of Land and Buildings to Other Assets 1,471 0
Right of Use Asset Obtained in Exchange for Lease Liabilities 9,034  
Bank Branches    
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash acquired from acquisitions 0 41,392
Citizens First Corporation    
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash acquired from acquisitions $ 5,545 $ 0