XML 112 R8.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net Income Available to Common Shareholders $ 89,352 $ 70,002 $ 54,310
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization and accretion, net 699 1,281 1,005
(Recovery of) provision for loan losses (1,250) (2,310) 3,006
Depreciation of premises and equipment 5,003 5,087 5,884
Deferred income tax expense (benefit) 4,939 (1,244) 14,909
Net periodic employee benefit cost 622 471 298
Pension contributions 0 (1,509) 0
Unrealized and realized investment securities (gains) losses (957) 90 (4,476)
Stock-based compensation expense 2,516 2,151 2,097
Excess tax benefit from stock-compensation expense (461) (506) (558)
Increase in value of bank-owned life insurance (3,766) (3,090) (2,708)
Loans originated for sale (18,757) (15,196) (16,451)
Proceeds from the sale of loans originated for sale 20,917 13,993 19,290
Gain on sale of loans (589) (351) (516)
Asset write down 297 491 0
Change in accrued interest receivable 855 (1,500) (815)
Change in other assets (7,489) 480 (2,102)
Change in other liabilities 6,712 4,308 2,953
Net Cash Provided by Operating Activities 98,643 72,648 76,126
Investing Activities      
Net increase in loans (30,146) (95,284) (85,489)
Purchases of securities available-for-sale (209,588) (130,876) (159,317)
Proceeds from sales of available for sale securities 70,404 0 5,776
Proceeds from maturities and calls of available-for-sale securities 75,717 56,841 58,358
Purchases of securities held-to-maturity securities 0 (4,925) 0
Proceeds from maturities and calls of held-to-maturity securities 11,706 8,439 10,580
Payments to Acquire Other Investments (11,100) (35,350) (27,714)
Proceeds from Sale of Other Investments 13,790 31,271 27,918
Purchases of premises and equipment (4,729) (10,192) (6,574)
Disposals of premises and equipment 598 3,884 3,057
Proceeds from Sale of Property Held-for-sale 2,285 0 0
Proceeds from bank-owned life insurance policies 2,423 425 1,717
Payments for (Proceeds from) Businesses and Interest in Affiliates (24,661) 0 0
Net Cash Used in Investing Activities (103,301) (163,541) (171,688)
Financing Activities      
Net increase (decrease) in noninterest-bearing deposits 26,727 32,097 (5,647)
Net increase (decrease) in interest-bearing deposits 100,192 156,302 89,644
Net (decrease) increase in short-term borrowings (50,656) 7,667 3,914
Repayment of long-term debt 0 (16,495) 0
Proceeds from sale of capital securities 0 495 0
Issuance of common stock 0 0 28,408
Purchases of treasury stock (19,431) (20,271) 0
Proceeds from exercise of stock options 526 1,164 732
Dividends paid (35,547) (29,583) (27,120)
Net Cash Provided by Financing Activities 21,811 131,376 89,931
Increase (Decrease) in Cash and Cash Equivalents 17,153 40,483 (5,631)
Cash and cash equivalents at beginning of period 122,991 82,508 88,139
Cash and Cash Equivalents at End of Period $ 140,144 122,991 $ 82,508
Farmers Deposit Bancorp, Inc. [Member]      
Business Acquisition [Line Items]      
Payments to Acquire Businesses, Net of Cash Acquired   (20,691)  
Poage Bankshares, Inc. [Member]      
Business Acquisition [Line Items]      
Payments to Acquire Businesses, Net of Cash Acquired   $ 32,917