XML 19 R8.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 32,814 $ 43,379
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 3,341 3,177
Depreciation and Amortization 5,250 4,581
Loans Originated for Sale (98,293) (131,409)
Proceeds from Sales of Loans Held-for-Sale 104,858 135,402
Provision (Benefit) for Credit Losses 5,500 (6,500)
Gain on Sale of Loans, net (2,470) (4,220)
Gain on Securities, net (450) (1,275)
Gain on Sales of Other Real Estate and Repossessed Assets (19) (105)
(Gain) Loss on Disposition and Donation of Premises and Equipment (28) 485
Increase in Cash Surrender Value of Company Owned Life Insurance (908) (601)
Equity Based Compensation 1,517 968
Change in Assets and Liabilities:    
Interest Receivable and Other Assets 6,508 4,917
Interest Payable and Other Liabilities (7,299) (3,375)
Net Cash from Operating Activities 50,321 45,424
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturity of Other Short-term Investments 0 248
Proceeds from Maturities of Securities Available-for-Sale 73,320 112,808
Proceeds from Sales of Securities Available-for-Sale 97,500 66,748
Purchase of Securities Available-for-Sale (290,743) (560,327)
Proceeds from Redemption of Federal Home Loan Bank Stock 7,867 120
Purchase of Loans (1,063) 0
Proceeds from Sale of Loans Held for Investment 609 0
Loans Made to Customers, net of Payments Received 33,504 16,093
Proceeds from Sales of Other Real Estate 89 430
Property and Equipment Expenditures (5,211) (1,795)
Proceeds from Sales of Land and Buildings 0 1,614
Proceeds from Life Insurance 773 0
Acquisition of Citizens Union Bancorp of Shelbyville, Inc. 207,764 0
Net Cash from Investing Activities 124,409 (364,061)
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits 38,496 343,265
Change in Short-term Borrowings (28,934) 18,859
Repayments of Long-term Debt (41,632) (8,043)
Dividends Paid (13,505) (11,109)
Net Cash from Financing Activities (45,575) 342,972
Net Change in Cash and Cash Equivalents 129,155 24,335
Cash and Cash Equivalents at Beginning of Year 396,890 345,748
Cash and Cash Equivalents at End of Period 526,045 370,083
Cash Paid During the Period for    
Interest 4,831 5,348
Income Taxes 8,312 9,484
Supplemental Non Cash Disclosures    
Reclassification of Land and Buildings to Other Assets 0 1,499
Supplemental Schedule for Investing Activities    
Assets acquired, net of purchase consideration 945,043 0
Liabilities assumed 1,003,591 0
Goodwill $ 58,548 $ 0