XML 39 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities:      
Net income $ 20,540 $ 22,197 $ 23,074
Adjustments to reconcile net income to net cash provided by operations:      
Provision for loan losses 4,149 2,560 3,840
Depreciation and amortization of premises and equipment, core deposit intangible, and mortgage servicing rights 4,484 4,039 4,127
Amortization and accretion of securities premiums and discounts, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income (1,328) 993 (115)
Deferred taxes 1,023 376 733
Net realized gains on sales of available-for-sale securities (1,005) (666) (429)
Net realized and unrealized losses (gains) on trading securities (503) 213 (121)
Proceeds from sale of trading securities 540 2,129 248
Purchase of trading securities (319) (2,413) (1,117)
Gain on sale of loans (818) (630) (596)
Net losses on dispositions of premises and equipment and foreclosed assets 134 7 32
Proceeds from sale of loans 33,045 14,927 10,227
Origination of loans held for sale (31,255) (15,171) (10,271)
Income on bank owned life insurance (1,082) (1,194) (1,041)
Stock-based compensation expense 820 621 548
Contribution of treasury stock 150 120 120
Changes in:      
Accrued interest receivable and other assets (3,906) 93 6,266
Accrued interest payable and other liabilities 2,095 5,435 (6,605)
Net Cash Provided By Operating Activities 26,764 33,636 28,920
Cash Flows from Investing Activities:      
Net decrease in interest bearing time deposits with other banks 0 225 50
Proceeds from maturities, prepayments and calls of available-for-sale securities 63,837 78,707 81,395
Proceeds from sales of available-for-sale securities 4,420 105,066 61,236
Purchase of available-for-sale securities (21,513) (45,120) (128,591)
Loan origination and payments, net (182,566) (224,470) (59,961)
Purchase of bank owned life insurance 0 0 (5,000)
Net cash paid for Lake National Bank acquisition (2,866) 0 0
(Purchase) redemption of FHLB and other equity interests (2,628) (9,226) 838
Purchase of premises and equipment (10,125) (6,751) (6,426)
Proceeds from the sale of premises and equipment and foreclosed assets 558 855 933
Net Cash Used In Investing Activities (150,883) (100,714) (55,526)
Net change in:      
Checking, money market and savings accounts 79,745 (39,285) 100,620
Certificates of deposit (10,603) 7,259 (88,855)
Purchase of treasury stock (44) (868) (1,675)
Proceeds from sale of treasury stock 0 0 38
Proceeds from exercise of stock options 0 0 549
Cash dividends paid (9,546) (9,515) (9,521)
Proceeds from long-term borrowings 80,000 50,000 950
Repayments on long-term borrowings (81,317) (21,472) (235)
Net change in short-term borrowings 17,806 80,292 23,030
Proceeds from subordinated debentures 50,000 0 0
Net Cash Provided By Financing Activities 126,041 66,411 24,901
Net Decrease in Cash and Cash Equivalents 1,922 (667) (1,705)
Cash and Cash Equivalents, Beginning 27,261 27,928 29,633
Cash and Cash Equivalents, Ending 29,183 27,261 27,928
Cash paid during the period for:      
Interest 13,284 12,502 12,343
Income taxes 3,966 5,431 6,411
Supplemental Noncash Disclosures:      
Transfers to other real estate owned 120 806 678
Grant of restricted stock awards from treasury stock 896 803 609
Net liabilities assumed from Lake National Bank, excluding cash and cash equivalents 8,670 0 0
Net loans transferred to held for sale 7,319 0 0
Net deposits transferred to held for sale $ 6,456 $ 0 $ 0