XML 16 R7.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 34,508 $ 35,527
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization (accretion) of premiums and discounts on investments 3,425 2,706
Provision for loan losses 3,200 4,298
Securities (gains) losses (18) (5)
(Gain) loss on sale of other real estate 37 101
Recovery of security for previously written off OTTI 0 (4,158)
Restricted stock compensation 601 559
Depreciation and amortization 3,121 3,126
Other, net (5,734) (633)
NET CASH FROM OPERATING ACTIVITIES 39,140 41,521
CASH FLOWS FROM INVESTING ACTIVITIES:    
Calls, maturities and principal reductions on securities available-for-sale 117,532 112,287
Purchases of securities available-for-sale (71,596) (102,731)
Increase (Decrease) in Federal Funds Sold 0 (7,600)
Loans made to customers, net of repayment (61,496) (39,119)
Proceeds from Sale of Restricted Investments 1,228 0
Payments to Acquire Restricted Investments (34) (11)
Proceeds from sales of other real estate owned 671 1,568
Additions to premises and equipment (1,537) (1,519)
NET CASH FROM INVESTING ACTIVITIES (27,861) (37,125)
Payments to Acquire Businesses, Net of Cash Acquired (12,629) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits 26,903 (51,592)
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase (44,414) 994
Maturities of other borrowings (192,000) (55,600)
Proceeds from FHLBank Borrowings, Financing Activities 217,000 90,600
Purchase of treasury stock (315) (391)
Dividends paid (12,648) (12,496)
Net Cash Provided by (Used in) Financing Activities (5,474) (28,485)
NET CHANGE IN CASH AND CASH EQUIVALENTS 5,805 (24,089)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 74,388 74,107
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 80,193 $ 50,018