XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net Income $ 13,488 $ 14,433
Items not requiring (providing) cash    
Provision for loan losses 2,172 417
Depreciation 1,770 1,665
Amortization of mortgage servicing rights, net of impairment recoveries 667 870
Amortization of core deposit and other intangible assets 567 304
Net amortization of premiums and discounts on loans and deposits (190) 175
Amortization of premiums and discounts on securities 538 411
Change in deferred taxes 621 46
Proceeds from the sale of loans held for sale 102,111 101,985
Originations of loans held for sale (98,818) (107,942)
Gain from sale of loans (2,467) (2,876)
Gain from sale or call of securities (267) (358)
Loss on sale or disposal of premises and equipment 52 0
Gain on sale / write-down of real estate and other assets held for sale (53) (272)
Stock option expense 85 120
Restricted stock expense 327 187
Income from bank owned life insurance (2,245) (461)
Excess tax (benefit) expense on stock compensation plans (162) (130)
Changes in:    
Accrued interest receivable (294) (250)
Other assets (53) (4,312)
Other liabilities (3,144) 1,166
Net cash provided by operating activities 14,705 5,178
Investing Activities    
Proceeds from maturities of held-to-maturity securities 43 45
Proceeds from maturities, calls and pay-downs of available-for-sale securities 13,244 17,877
Proceeds from sale of premises and equipment 69 0
Proceeds from sale of real estate and other assets held for sale 145 902
Proceeds from the sale of available-for-sale securities 7,727 8,515
Proceeds from sale of non-mortgage loans 15,167 10,945
Purchases of available-for-sale securities (20,187) (15,476)
Proceeds from Federal Home Loan stock redemption 0 1
Net cash received in acquisitions 19,359 0
Investment in bank owned life insurance (20,000) 0
Purchase of portfolio mortgage loans (11,476) 0
Purchases of premises and equipment, net (1,992) (1,028)
Net increase in loans receivable (34,266) (70,132)
Net cash used by investing activities (32,167) (48,351)
Financing Activities    
Net increase in deposits and advance payments by borrowers 36,677 83,345
Repayment of Federal Home Loan Bank advances (517) (477)
Proceeds from Federal Home Loan Bank advances 0 25,000
Increase in notes payable 6,500  
Decrease in securities sold under repurchase agreements (7,710) (4,199)
Proceeds from exercise of stock options 198 490
Proceeds from direct stock sales 36 24
Net cash paid for repurchase of common stock 0 (6,293)
Cash dividends paid on common stock (4,784) (3,940)
Net cash provided by financing activities 30,400 93,950
Increase (decrease) in cash and cash equivalents 12,938 50,777
Cash and cash equivalents at beginning of period 99,003 79,769
Cash and cash equivalents at end of period 111,941 130,546
Supplemental cash flow information:    
Interest paid 5,123 3,975
Income taxes paid 6,800 5,900
Transfers from loans to real estate and other assets held for sale 309 431
Securities purchased but not yet settled 0 357
Sale of bank owned life insurance not yet settled $ 17,840 $ 0