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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 12,472 $ 15,067
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 1,121 868
Depreciation and Amortization 2,341 2,010
Loans Originated for Sale (54,906) (33,043)
Proceeds from Sales of Loans Held-for-Sale 58,459 29,622
Provision for Credit Losses 5,150 675
Gain on Sale of Loans, net (1,863) (981)
Gain on Securities, net (590) (155)
Loss on Disposition and Donation of Premises and Equipment 27 0
Gain on Disposition of Land 0 (262)
Increase in Cash Surrender Value of Company Owned Life Insurance (373) (331)
Equity Based Compensation 270 311
Change in Assets and Liabilities:    
Interest Receivable and Other Assets (6,438) 683
Interest Payable and Other Liabilities 8,271 879
Net Cash from Operating Activities 23,941 15,343
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturities of Securities Available-for-Sale 31,698 18,123
Proceeds from Sales of Securities Available-for-Sale 10,989 11,815
Purchase of Securities Available-for-Sale (47,292) (30,591)
Purchase of Loans 0 (521)
Loans Made to Customers, net of Payments Received 69,603 18,808
Proceeds from Sales of Other Real Estate 0 286
Property and Equipment Expenditures (1,166) (1,629)
Proceeds from Sale of Land 85 722
Proceeds from Life Insurance 1,082 1,019
Net Cash from Investing Activities 64,999 18,032
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits 48,658 (7,184)
Change in Short-term Borrowings (134,214) (83,904)
Advances in Long-term Debt 0 25,000
Repayments of Long-term Debt (7,568) (64)
Issuance (Repurchase) of Common Stock (4,495) 0
Dividends Paid (5,065) (4,245)
Net Cash from Financing Activities (102,684) (70,397)
Net Change in Cash and Cash Equivalents (13,744) (37,022)
Cash and Cash Equivalents at Beginning of Year 103,884 96,550
Cash and Cash Equivalents at End of Period 90,140 59,528
Cash Paid During the Period for    
Interest 7,701 7,468
Income Taxes (45) 0
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate 200 685
Right of Use Asset Obtained in Exchange for Lease Liabilities $ 0 $ 9,034