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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net income $ 11,737 $ 5,140
Items not requiring (providing) cash    
Provision for loan losses (1,095) 55
Depreciation 867 867
Amortization of mortgage servicing rights, net of impairment recoveries 282 279
Amortization of core deposit and other intangible assets 347 232
Net amortization (accretion)of premiums and discounts on loans and deposits (52) 27
Amortization of premiums and discounts on securities 284 240
Change in deferred taxes 20 777
Proceeds from the sale of loans held for sale 44,399 48,356
Originations of loans held for sale (44,474) (45,977)
Gain from sale of loans (1,304) (1,083)
Loss on sale / write-down of real estate and other assets held for sale 537 0
Stock option expense 84 45
Restricted stock (income) expense (113) 525
Income from bank owned life insurance (400) (1,823)
Excess tax benefit on stock compensation plans (148) (162)
Changes in:    
Accrued interest receivable (653) (790)
Other assets (1,541) (1,801)
Other liabilities 75 3,364
Net cash provided by operating activities 8,852 8,271
Investing Activities    
Proceeds from maturities of held-to-maturity securities 6 5
Proceeds from maturities, calls and pay-downs of available-for-sale securities 5,860 5,960
Proceeds from sale of premises and equipment, real estate and other assets held for sale 249 9
Proceeds from sale of non-mortgage loans 4,050 9,880
Purchases of available-for-sale securities (19,710) (8,815)
Proceeds from Federal Home Loan stock redemption 3 0
Net cash received in acquisitions 0 25,840
Investment in bank owned life insurance 0 (20,000)
Proceeds from sale of bank owned life insurance 17,689 0
Purchase of portfolio mortgage loans 0 (10,133)
Purchases of premises and equipment, net (476) (1,278)
Net increase in loans receivable (12,335) (12,851)
Net cash used by investing activities (4,664) (11,383)
Financing Activities    
Net increase in deposits and advance payments by borrowers 53,631 83,369
Repayment of Federal Home Loan Bank advances (23,278) (242)
Proceeds from Federal Home Loan Bank advances 10,000 0
Decrease in securities sold under repurchase agreements (16,698) (6,925)
Proceeds from exercise of stock options 56 134
Proceeds from direct stock sales 21 17
Cash dividends paid on common stock (3,047) (2,246)
Net cash provided by financing activities 20,685 74,107
Increase in cash and cash equivalents 24,873 70,995
Cash and cash equivalents at beginning of period 113,693 99,003
Cash and cash equivalents at end of period 138,566 169,998
Supplemental cash flow information:    
Interest paid 3,160 2,308
Income taxes paid 0 0
Transfers from loans to real estate and other assets held for sale 694 259
Securities purchased but not yet settled 0 1,668
Sale of bank owned life insurance not yet settled $ 0 $ 17,840