XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 57,410 $ 64,865
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 4,954 4,873
Depreciation and Amortization 7,743 6,723
Loans Originated for Sale (138,921) (199,491)
Proceeds from Sales of Loans Held-for-Sale 145,194 207,767
Provision (Benefit) for Credit Losses 5,850 (8,500)
Gain on Sale of Loans, net (3,324) (6,417)
Gain on Securities, net (473) (1,493)
Gain on Sales of Other Real Estate and Repossessed Assets (18) (105)
(Gain) Loss on Disposition and Donation of Premises and Equipment (37) 482
Increase in Cash Surrender Value of Company Owned Life Insurance (1,323) (1,079)
Equity Based Compensation 1,915 1,341
Change in Assets and Liabilities:    
Interest Receivable and Other Assets (87) 2,348
Interest Payable and Other Liabilities 3,609 2,619
Net Cash from Operating Activities 82,492 73,933
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturity of Other Short-term Investments 248 496
Proceeds from Maturities of Securities Available-for-Sale 107,665 160,850
Proceeds from Sales of Securities Available-for-Sale 99,572 102,823
Purchase of Securities Available-for-Sale (332,809) (776,001)
Proceeds from Redemption of Federal Home Loan Bank Stock 8,020 120
Purchase of Loans (1,811) 0
Proceeds from Sale of Loans Held for Investment 596 0
Loans Made to Customers, net of Payments Received 436 59,455
Proceeds from Sales of Other Real Estate 88 1,315
Property and Equipment Expenditures (6,288) (2,794)
Proceeds from Sales of Land and Buildings 0 1,614
Proceeds from Life Insurance 773 434
Sale of Bank Branches 0 1,694
Acquisition of Citizens Union Bancorp of Shelbyville, Inc. 207,598 0
Net Cash from Investing Activities 84,088 (449,994)
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits (100,610) 504,102
Change in Short-term Borrowings (27,890) (314)
Repayments of Long-term Debt (41,660) (8,067)
Dividends Paid (20,264) (16,665)
Net Cash from Financing Activities (190,424) 479,056
Net Change in Cash and Cash Equivalents (23,844) 102,995
Cash and Cash Equivalents at Beginning of Year 396,890 345,748
Cash and Cash Equivalents at End of Period 373,046 448,743
Cash Paid During the Period for    
Interest 9,142 7,254
Income Taxes 8,612 13,605
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate 30 0
Interest Rate Swap Fair Value Activity 5,590 0
Reclassification of Land and Buildings to Other Assets 0 1,536
Supplemental Schedule for Investing Activities (See Note 15 for Business Combinations)    
Assets acquired, net of purchase consideration 945,043 0
Liabilities assumed 1,003,759 0
Goodwill $ 58,716 $ 0