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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 84,137 $ 62,210 $ 59,222
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:      
Net Amortization on Securities 6,638 5,671 3,862
Depreciation and Amortization 8,770 9,429 8,630
Loans Originated for Sale (261,529) (317,032) (198,326)
Proceeds from Sales of Loans Held-for-Sale 276,417 327,172 189,875
Provision for Credit Losses (6,500) 17,550 5,325
Gain on Sale of Loans, net (8,267) (9,908) (4,633)
Gain on Securities, net (2,247) (4,081) (1,248)
Loss (Gain) on Sales of Other Real Estate and Repossessed Assets (101) 28 200
Loss (Gain) on Disposition and Donation of Premises and Equipment 1,640 223 111
Loss (Gain) on Disposition of Land 0 43 (352)
Post Retirement Medical Benefit 0 0 (228)
Increase in Cash Surrender Value of Company Owned Life Insurance (1,369) (1,449) (1,407)
Equity Based Compensation 1,724 1,051 1,287
Excess Tax Benefit from Restricted Share Grant 0 3 25
Change in Assets and Liabilities:      
Interest Receivable and Other Assets 2,716 (2,925) (1,602)
Interest Payable and Other Liabilities (1,185) 4,433 4,488
Net Cash from Operating Activities 100,844 92,418 65,229
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from Maturity of Other Short-term Investments 496 744 496
Proceeds from Maturities of Securities Available-for-Sale 208,156 200,968 114,669
Proceeds from Sales of Securities Available-for-Sale 111,124 125,106 82,601
Purchase of Securities Available-for-Sale (1,020,695) (664,989) (169,640)
Proceeds from Redemption of Federal Home Loan Bank Stock 120 800 1,145
Purchase of Loans 0 0 (2,051)
Proceeds from Sales of Loans Held for Investment 0 3,128 0
Loans Made to Customers, net of Payments Received 59,557 (10,114) 3,925
Proceeds from Sales of Other Real Estate 1,423 340 369
Property and Equipment Expenditures (4,686) (7,071) (9,374)
Proceeds from Sale of Land and Building 1,963 3,928 1,761
Proceeds from Life Insurance 549 1,082 1,216
Sale of Bank Branches 1,694 0 0
Acquisition of Citizens First Corporation 0 0 5,545
Net Cash from Investing Activities (640,299) (346,078) 30,662
CASH FLOWS FROM FINANCING ACTIVITIES      
Change in Deposits 655,485 676,906 (13,007)
Change in Short-term Borrowings 15,423 (114,832) (82,037)
Advances in Long-term Debt 0 0 89,214
Repayments of Long-term Debt (58,091) (40,625) (65,171)
Issuance (Retirement) of Common Stock 0 (5,789) 0
Dividends Paid (22,220) (20,136) (17,556)
Net Cash from Financing Activities 590,597 495,524 (88,557)
Net Change in Cash and Cash Equivalents 51,142 241,864 7,334
Cash and Cash Equivalents at Beginning of Year 345,748 103,884 96,550
Cash and Cash Equivalents at End of Year 396,890 345,748 103,884
Cash Paid During the Year for      
Interest 10,020 20,484 30,765
Income Taxes 14,434 11,505 7,977
Supplemental Non Cash Disclosures (See Note 18 for Business Combinations)      
Loans Transferred to Other Real Estate 0 0 708
Reclassification of Land and Buildings to Other Assets 0 0 5,712
Right of Use Asset Obtained in Exchange for Lease Liabilities $ 0 $ 0 $ 9,034