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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 19,557 $ 12,472
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 1,553 1,121
Depreciation and Amortization 2,327 2,341
Loans Originated for Sale (70,550) (54,906)
Proceeds from Sales of Loans Held-for-Sale 71,465 58,459
Provision for Credit Losses (1,500) 5,150
Gain on Sale of Loans, net (2,202) (1,863)
Gain on Securities, net (975) (590)
Loss on Disposition and Donation of Premises and Equipment 479 27
Increase in Cash Surrender Value of Company Owned Life Insurance (356) (373)
Equity Based Compensation 329 270
Change in Assets and Liabilities:    
Interest Receivable and Other Assets 711 (6,438)
Interest Payable and Other Liabilities 5,852 8,271
Net Cash from Operating Activities 26,690 23,941
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturities of Securities Available-for-Sale 57,093 31,698
Proceeds from Sales of Securities Available-for-Sale 51,370 10,989
Purchase of Securities Available-for-Sale (304,722) (47,292)
Proceeds from Redemption of Federal Home Loan Bank Stock 120 0
Loans Made to Customers, net of Payments Received (29,391) 69,603
Property and Equipment Expenditures (835) (1,166)
Proceeds from Sale of Land and Building 1,614 85
Proceeds from Life Insurance 0 1,082
Net Cash from Investing Activities (224,751) 64,999
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits 272,173 48,658
Change in Short-term Borrowings (13,041) (134,214)
Repayments of Long-term Debt (8,021) (7,568)
Issuance (Repurchase) of Common Stock 0 (4,495)
Dividends Paid (5,554) (5,065)
Net Cash from Financing Activities 245,557 (102,684)
Net Change in Cash and Cash Equivalents 47,496 (13,744)
Cash and Cash Equivalents at Beginning of Year 345,748 103,884
Cash and Cash Equivalents at End of Period 393,244 90,140
Cash Paid During the Period for    
Interest 2,391 6,929
Income Taxes (246) (45)
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate 0 200
Reclassification of Land and Buildings to Other Assets $ 366 $ 0