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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income $ 23,681 $ 22,846
Items not requiring (providing) cash:    
Provision for loan losses 494 (672)
Depreciation 2,073 1,719
Amortization of mortgage servicing rights, net of impairment charges/recoveries 980 586
Amortization of core deposit and other intangible assets 575 679
Net accretion of premiums and discounts on loans and deposits (450) (192)
Amortization of premiums and discounts on securities 633 588
Change in deferred taxes (246) 70
Proceeds from the sale of loans held for sale 99,438 100,481
Originations of loans held for sale (104,974) (103,730)
Gain from sale of loans (3,186) (2,731)
Loss on sale or write down of property plant and equipment 10 0
Gain/loss on sale / write-down of real estate and other assets held for sale 278 529
Stock option expense 266 172
Restricted stock (income)/expense (239) 60
Income from bank owned life insurance (919) (966)
Excess tax benefit on stock compensation plans (106) (158)
Changes in:    
Accrued interest receivable (1,130) (769)
Other assets (5,417) (2,219)
Other liabilities 1,246 (3,382)
Net cash provided by operating activities 13,007 12,911
Investing Activities    
Proceeds from maturities of held-to-maturity securities 38 41
Proceeds from maturities, calls and pay-downs of available-for-sale securities 16,432 12,519
Proceeds from sale of premises and equipment, real estate and other assets held for sale 1,073 343
Proceeds from sale of non-mortgage loans 14,378 14,086
Purchases of available-for-sale securities (11,211) (42,839)
Proceeds from Federal Home Loan stock redemption 2,302 3
Proceeds from sale of bank owned life insurance 0 17,689
Purchases of premises and equipment, net (1,372) (1,946)
Investment in bank owned life insurance (6,600) 0
Proceeds from bank owned life insurance death benefit 93 336
Net increase in loans receivable (98,035) (49,941)
Net cash used by investing activities (82,902) (49,709)
Financing Activities    
Net increase in deposits and advance payments by borrowers 59,652 53,612
Repayment of Federal Home Loan Bank advances (35,062) (28,557)
Proceeds from Federal Home Loan Bank advances 35,000 30,000
Net Change in Federal Home Loan Bank Advances 20,051 0
Decrease in securities sold under repurchase agreements (2,677) (19,120)
Net cash paid for repurchase of common stock (15,147) 0
Proceeds from exercise of stock options 191 111
Proceeds from direct stock sales 57 50
Cash dividends paid on common stock (7,535) (6,106)
Net cash provided by financing activities 54,530 29,990
Increase in cash and cash equivalents (15,365) (6,808)
Cash and cash equivalents at beginning of period 98,962 113,693
Cash and cash equivalents at end of period 83,597 106,885
Supplemental cash flow information:    
Interest paid 11,811 6,901
Income taxes paid 4,200 5,250
Initial recognition of right-of-use asset 8,808 0
Initial recognition of lease liability 9,339 0
Transfers from loans to real estate and other assets held for sale 146 930
Securities purchased but not yet settled $ 0 $ 397