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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 9,067 $ 19,557
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 1,735 1,553
Depreciation and Amortization 2,654 2,327
Loans Originated for Sale (46,256) (70,550)
Proceeds from Sales of Loans Held-for-Sale 48,039 71,465
Provision (Benefit) for Credit Losses 5,200 (1,500)
Gain on Sale of Loans, net (1,421) (2,202)
Gain on Securities, net (372) (975)
Gain on Sales of Other Real Estate and Repossessed Assets 1 0
Loss on Disposition and Donation of Premises and Equipment (18) 479
Increase in Cash Surrender Value of Company Owned Life Insurance (436) (356)
Equity Based Compensation 424 329
Change in Assets and Liabilities:    
Interest Receivable and Other Assets 12,524 711
Interest Payable and Other Liabilities 15,126 5,852
Net Cash from Operating Activities 46,267 26,690
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturities of Securities Available-for-Sale 40,087 57,093
Proceeds from Sales of Securities Available-for-Sale 91,946 51,370
Purchase of Securities Available-for-Sale (234,878) (304,722)
Proceeds from Redemption of Federal Home Loan Bank Stock 7,671 120
Purchase of Loans (833) 0
Proceeds from Sales of Loans 622 0
Loans Made to Customers, net of Payments Received 30,525 (29,391)
Proceeds from Sales of Other Real Estate 39 0
Property and Equipment Expenditures (4,057) (835)
Proceeds from Sales of Land and Buildings 0 1,614
Proceeds from Life Insurance 205 0
Acquisition of Citizens Union Bancorp of Shelbyville, Inc. 207,764 0
Net Cash from Investing Activities 139,091 (224,751)
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits 154,309 272,173
Change in Short-term Borrowings (17,608) (13,041)
Repayments of Long-term Debt (41,605) (8,021)
Dividends Paid (6,752) (5,554)
Net Cash from Financing Activities 88,344 245,557
Net Change in Cash and Cash Equivalents 273,702 47,496
Cash and Cash Equivalents at Beginning of Year 396,890 345,748
Cash and Cash Equivalents at End of Period 670,592 393,244
Cash Paid During the Period for    
Interest 1,661 2,391
Income Taxes (648) (246)
Supplemental Non Cash Disclosures    
Reclassification of Land and Buildings to Other Assets 0 366
Supplemental Schedule for Investing Activities    
Assets acquired, net of purchase consideration 946,713 0
Liabilities assumed 1,003,572 0
Goodwill $ 56,859 $ 0