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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 59,222 $ 46,529 $ 40,676
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:      
Net Amortization on Securities 3,862 3,550 3,543
Depreciation and Amortization 8,630 6,184 4,687
Loans Originated for Sale (198,326) (131,916) (122,518)
Proceeds from Sales of Loans Held-for-Sale 189,875 137,417 134,316
Provision for Loan Losses 5,325 2,070 1,750
Gain on Sale of Loans, net (4,633) (3,004) (3,280)
Gain on Securities, net (1,248) (706) (596)
Gain on Sales of Other Real Estate and Repossessed Assets 200 (41) (17)
Loss (Gain) on Disposition and Donation of Premises and Equipment 111 (36) 870
Loss (Gain) on Disposition of Land (352) 44 0
Post Retirement Medical Benefit (228) (55) (34)
Increase in Cash Surrender Value of Company Owned Life Insurance (1,407) (1,141) (1,370)
Equity Based Compensation 1,287 1,355 1,246
Excess Tax Benefit from Restricted Share Grant 25 32 240
Change in Assets and Liabilities:      
Interest Receivable and Other Assets (1,602) 2,211 (4,528)
Interest Payable and Other Liabilities 4,488 (162) (110)
Net Cash from Operating Activities 65,229 62,331 54,875
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from Maturity of Other Short-term Investments 496 0 0
Proceeds from Maturities of Securities Available-for-Sale 114,669 78,714 79,955
Proceeds from Sales of Securities Available-for-Sale 82,601 91,013 49,459
Purchase of Securities Available-for-Sale (169,640) (140,604) (156,802)
Proceeds from Redemption of Federal Home Loan Bank Stock 1,145 2,607 0
Purchase of Loans (2,051) (1,209) (5,547)
Proceeds from Sales of Loans 0 6,000 1,106
Loans Made to Customers, net of Payments Received 3,925 (87,127) (149,336)
Proceeds from Sales of Other Real Estate 369 662 1,435
Property and Equipment Expenditures (9,374) (15,186) (11,183)
Proceeds from Sales of Property and Equipment 0 40 6
Proceeds from Sale of Land 1,761 393 0
Proceeds from Life Insurance 1,216 765 1,627
Acquisition of First Security, Inc. 0 (17,566) 0
Cash from Acquisitions 0 42,700 0
Net Cash from Investing Activities 30,662 (38,798) (189,280)
CASH FLOWS FROM FINANCING ACTIVITIES      
Change in Deposits (13,007) (11,112) 134,737
Change in Short-term Borrowings (82,037) 42,999 (4,054)
Advances in Long-term Debt 89,214 25,000 75,000
Repayments of Long-term Debt (65,171) (40,155) (53,864)
Issuance (Retirement) of Common Stock     (29)
Dividends Paid (17,556) (14,074) (11,842)
Net Cash from Financing Activities (88,557) 2,658 139,948
Net Change in Cash and Cash Equivalents 7,334 26,191 5,543
Cash and Cash Equivalents at Beginning of Year 96,550 70,359 64,816
Cash and Cash Equivalents at End of Year 103,884 96,550 70,359
Cash Paid During the Year for      
Interest 30,765 18,239 10,852
Income Taxes 7,977 5,920 12,462
Supplemental Non Cash Disclosures (See Note 18 for Business Combinations)      
Loans Transferred to Other Real Estate 708 398 1,230
Reclassification of Land and Buildings to Other Assets 5,712 850 330
Right of Use Asset Obtained in Exchange for Lease Liabilities 9,034    
Bank Acquisition      
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash from Acquisitions $ 5,545 $ 0 $ 0