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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities:      
Net income $ 40,081 $ 33,719 $ 23,860
Adjustments to reconcile net income to net cash provided by operations:      
Provision for loan losses 6,024 6,072 6,655
Depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights 5,963 4,811 5,242
Amortization and accretion of securities premiums and discounts, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income (870) (537) (1,202)
Deferred taxes (204) (1,076) 3,385
Net realized gains on sales of available-for-sale securities (148) 0 (1,543)
Net realized and unrealized losses (gains) on trading securities (1,888) 451 (881)
Proceeds from sale of trading securities 301 455 1,091
Proceeds from sale of Visa Class B shares 463 0 0
Gain on sale of Visa Class B shares (463) 0 0
Purchase of trading securities (436) (1,542) (2,502)
Gain on sale of branch 0 0 (536)
Gain on sale of loans (990) (624) (545)
Net losses (gains) on dispositions of premises and equipment and foreclosed assets (377) 47 (107)
Proceeds from sale of loans 43,198 23,311 24,285
Origination of loans held for sale (43,458) (22,990) (25,231)
Income on bank owned life insurance, including death benefit of proceeds in excess of cash surrender value (1,317) (1,408) (1,659)
Stock-based compensation expense 1,346 1,545 928
Changes in:      
Accrued interest receivable and other assets 1,072 (3,079) (1,175)
Accrued interest payable, lease liabilities, and other liabilities 3,610 4,613 698
Net Cash Provided By Operating Activities 51,907 43,768 30,763
Cash Flows from Investing Activities:      
Proceeds from maturities, prepayments and calls of available-for-sale securities 98,274 76,349 92,302
Proceeds from sales of available-for-sale securities 11,403 0 16,340
Purchase of available-for-sale securities (122,358) (189,374) (23,689)
Loan origination and payments, net (335,965) (333,552) (273,972)
Purchase of bank owned life insurance (8,778) 0 (10,000)
Proceeds from death benefit of BOLI policies 0 0 897
Net cash received from sale of branch 0 0 1,079
Purchase of FHLB and other equity interests (3,360) (2,991) (2,331)
Purchase of premises and equipment (9,045) (3,068) (5,215)
Proceeds from the sale of premises and equipment and foreclosed assets 1,228 1,048 938
Net Cash Used In Investing Activities (368,601) (451,588) (203,651)
Net change in:      
Checking, money market and savings accounts 459,162 412,505 16,096
Certificates of deposit 32,379 30,466 134,197
Deposits held for sale 0 0 1,079
Purchase of treasury stock (1,291) (2,454) (1,877)
Proceeds from stock offering, net of issuance costs 1,423 0 19,294
Cash dividends paid (10,358) (10,237) (10,094)
Proceeds from long-term borrowings 30,353 50,000 160,000
Repayments on long-term borrowings (47,563) (27,826) (70,092)
Net change in short-term borrowings 0 (34,416) (69,553)
Net Cash Provided By Financing Activities 464,105 418,038 179,050
Net Increase in Cash and Cash Equivalents 147,411 10,218 6,162
Cash and Cash Equivalents, Beginning 45,563 35,345 29,183
Cash and Cash Equivalents, Ending 192,974 45,563 35,345
Cash paid during the period for:      
Interest 39,282 26,551 17,481
Income taxes 8,006 7,050 7,810
Supplemental Noncash Disclosures:      
Transfers to other real estate owned 2,066 228 630
Grant of restricted stock awards from treasury stock 1,086 996 984
Grant of performance based restricted stock awards from treasury stock 21 0 0
Restricted stock forfeiture 71 11 67
Right of use assets obtained in exchange for lease liabilities $ 19,465 $ 0 $ 0