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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 64,381 $ 57,410
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 4,166 4,954
Depreciation and Amortization 7,208 7,743
Loans Originated for Sale (81,608) (138,921)
Proceeds from Sales of Loans Held-for-Sale 84,926 145,194
Provision for Credit Losses 2,550 5,850
Gain on Sale of Loans, net (1,831) (3,324)
Gain on Securities, net (40) (473)
Gain on Sales of Other Real Estate and Repossessed Assets (55) (18)
Loss (Gain) on Disposition and Donation of Premises and Equipment 28 (37)
Gain on Disposition of Land (83) 0
Increase in Cash Surrender Value of Company Owned Life Insurance (1,374) (1,323)
Equity Based Compensation 1,866 1,915
Change in Assets and Liabilities:    
Interest Receivable and Other Assets (5,214) (87)
Interest Payable and Other Liabilities 2,737 3,609
Net Cash from Operating Activities 77,657 82,492
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturity of Other Short-term Investments 0 248
Proceeds from Maturities of Securities Available-for-Sale 187,171 107,665
Proceeds from Sales of Securities Available-for-Sale 114,259 99,572
Purchase of Securities Available-for-Sale (102,164) (332,809)
Proceeds from Redemption of Federal Home Loan Bank Stock 274 8,020
Purchase of Loans (544) (1,811)
Proceeds from Sale of Loans Held for Investment 0 596
Loans Made to Customers, net of Payments Received (104,168) 436
Proceeds from Sales of Other Real Estate 55 88
Property and Equipment Expenditures (5,497) (6,288)
Proceeds from Sales of Land and Buildings 252 0
Proceeds from Life Insurance 0 773
Acquisition of Citizens Union Bancorp of Shelbyville, Inc. 0 207,598
Net Cash from Investing Activities 89,638 84,088
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits (213,927) (100,610)
Change in Short-term Borrowings 57,142 (27,890)
Advances in Long-term Debt 25,000 0
Repayments of Long-term Debt (97) (41,660)
Dividends Paid (22,073) (20,264)
Net Cash from Financing Activities (153,955) (190,424)
Net Change in Cash and Cash Equivalents 13,340 (23,844)
Cash and Cash Equivalents at Beginning of Year 119,079 396,890
Cash and Cash Equivalents at End of Period 132,419 373,046
Cash Paid During the Period for    
Interest 40,442 9,142
Income Taxes 14,865 8,612
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate 0 30
Interest Rate Swap Fair Value Adjustment 419 5,590
Reclassification of Land and Buildings to Other Assets 691 0
Supplemental Schedule for Investing Activities (Acquisition of CUB)    
Assets acquired, net of purchase consideration 0 945,160
Liabilities assumed 0 1,003,756
Goodwill $ 0 $ 58,596