XML 41 R8.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 29,597 $ 24,774
Adjustments to reconcile net income to net cash provided by operations:    
Provision for loan losses 5,212 4,631
Depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights 4,156 3,661
Amortization and accretion of securities premiums and discounts, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income (540) (472)
Net realized gains on sales of available-for-sale securities (148) 0
Net realized and unrealized gains on trading securities (1,651) (672)
Proceeds from sale of trading securities 764 434
Purchase of trading securities (415) (1,499)
Gain on sale of loans (696) (510)
Net gains on dispositions of premises and equipment and foreclosed assets (353) (285)
Proceeds from sale of loans 29,729 18,811
Origination of loans held for sale (30,107) (18,404)
Income on bank owned life insurance (1,002) (1,074)
Stock-based compensation expense 1,109 1,218
Changes in:    
Accrued interest receivable and other assets (895) (5,755)
Accrued interest payable, lease liabilities, and other liabilities (3,278) 2,627
NET CASH PROVIDED BY OPERATING ACTIVITIES 31,482 27,485
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities, prepayments and calls of available-for-sale securities 63,835 44,605
Proceeds from sales of available-for-sale securities 11,403 0
Purchase of available-for-sale securities (72,542) (167,473)
Loan origination and payments, net (279,901) (241,895)
Redemption (purchase) of FHLB, other equity, and restricted equity interests (393) (2,319)
Purchase of premises and equipment (6,720) (1,373)
Proceeds from the sale of premises and equipment and foreclosed assets 725 597
NET CASH USED BY INVESTING ACTIVITIES (283,593) (367,858)
Net change in:    
Checking, money market and savings accounts 286,141 329,925
Certificates of deposit (21,332) 24,639
Purchase of treasury stock (1,319) (454)
Cash dividends paid (7,765) (7,645)
Repayment of long-term borrowings (45,385) (22,732)
Proceeds from long-term borrowings 30,353 50,000
Net change in short-term borrowings 18,016 (32,205)
NET CASH PROVIDED BY FINANCING ACTIVITIES 258,709 341,528
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,598 1,155
CASH AND CASH EQUIVALENTS, Beginning 45,563 35,345
CASH AND CASH EQUIVALENTS, Ending 52,161 36,500
Cash paid during the period for:    
Interest 28,304 17,722
Income taxes 5,014 4,250
SUPPLEMENTAL NONCASH DISCLOSURES:    
Transfers to other real estate owned 1,473 228
Grant of restricted stock awards from treasury stock $ 1,076 $ 933