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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 81,825 $ 84,137 $ 62,210
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:      
Net Amortization on Securities 6,452 6,638 5,671
Depreciation and Amortization 10,116 8,770 9,429
Loans Originated for Sale (162,959) (261,529) (317,032)
Proceeds from Sales of Loans Held-for-Sale 171,591 276,417 327,172
Provision for Credit Losses 6,350 (6,500) 17,550
Gain on Sale of Loans, net (3,818) (8,267) (9,908)
Gain on Securities, net (562) (2,247) (4,081)
Loss (Gain) on Sales of Other Real Estate and Repossessed Assets (18) (101) 28
Loss (Gain) on Disposition and Donation of Premises and Equipment (37) 1,640 223
Loss (Gain) on Disposition of Land 0 0 43
Post Retirement Medical Benefit 54 0 0
Increase in Cash Surrender Value of Company Owned Life Insurance (1,820) (1,369) (1,449)
Equity Based Compensation 2,330 1,724 1,051
Excess Tax Benefit from Restricted Share Grant 0 0 3
Change in Assets and Liabilities:      
Interest Receivable and Other Assets (1,094) 2,716 (2,925)
Interest Payable and Other Liabilities 1,626 (1,185) 4,433
Net Cash from Operating Activities 110,036 100,844 92,418
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from Maturity of Other Short-term Investments 495 496 744
Proceeds from Maturities of Securities Available-for-Sale 143,418 208,156 200,968
Proceeds from Sales of Securities Available-for-Sale 145,237 111,124 125,106
Purchase of Securities Available-for-Sale (417,940) (1,020,695) (664,989)
Proceeds from Redemption of Federal Home Loan Bank Stock 8,089 120 800
Purchase of Loans (933) 0 0
Proceeds from Sales of Loans Held for Investment 3,916 0 3,128
Loans Made to Customers, net of Payments Received (107,236) 59,557 (10,114)
Proceeds from Sales of Other Real Estate 88 1,423 340
Property and Equipment Expenditures (7,852) (4,686) (7,071)
Proceeds from Sale of Land and Building 0 1,963 3,928
Proceeds from Life Insurance 773 549 1,082
Sale of Bank Branches 0 1,694 0
Acquisition of Citizens Union Bancorp of Shelbyville, Inc. 207,764 0 0
Net Cash from Investing Activities (24,181) (640,299) (346,078)
CASH FLOWS FROM FINANCING ACTIVITIES      
Change in Deposits (324,771) 655,485 676,906
Change in Short-term Borrowings 29,817 15,423 (114,832)
Repayments of Long-term Debt (41,690) (58,091) (40,625)
Issuance (Retirement) of Common Stock 0 0 (5,789)
Dividends Paid (27,022) (22,220) (20,136)
Net Cash from Financing Activities (363,666) 590,597 495,524
Net Change in Cash and Cash Equivalents (277,811) 51,142 241,864
Cash and Cash Equivalents at Beginning of Year 396,890 345,748 103,884
Cash and Cash Equivalents at End of Year 119,079 396,890 345,748
Cash Paid During the Year for      
Interest 17,442 10,020 20,484
Income Taxes 11,649 14,434 11,505
Supplemental Non Cash Disclosures      
Loans Transferred to Other Real Estate 30 0 0
Interest Rate Swap Fair Value Activity 4,988 (4,287) 6,199
Supplemental Schedule for Investing Activities (See Note 18 for Business Combinations)      
Assets acquired, net of purchase consideration 945,160 0 0
Liabilities assumed 1,003,756 0 0
Goodwill $ 58,596 $ 0 $ 0