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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 earnings $ 26,279 $ 20,596 $ 14,439
Adjustments to reconcile net earnings to net cash provided from operating activities:      
Depreciation 3,886 3,400 3,162
Amortization 1,378 1,228 1,033
Premium amortization, net of discount accretion 3,820 4,210 4,576
Net realized loss (gain) on securities transactions 22 50 (167)
Gain on sale of loans (2,850) (2,308) (1,981)
Gain on sale of branch operations 0 (830) 0
Provision for loan losses 1,250 2,250 2,850
Origination of loans held for sale (76,011) (70,841) (64,817)
Proceeds from loans held for sale 78,288 73,250 67,465
Write-down of other real estate and repossessed assets 343 407 12
Net gain (loss) on sale of premises, equipment, other real estate owned and other assets 78 (133) (906)
Stock based compensation 663 592 355
Net change in accrued interest receivable and other assets (17,232) (5,887) 2,413
Net change in accrued interest payable and other liabilities 12,132 2,230 1,235
Net cash provided by operating activities 32,046 28,214 29,669
Securities available for sale:      
Purchases (706,238) (429,762) (517,155)
Proceeds from sales 3,957 411,796 213,813
Proceeds from maturities and principal repayments 730,272 27,093 225,516
Securities held to maturity:      
Proceeds from sales 0 0 3,298
Proceeds from maturities and principal repayments 5,646 9,331 9,516
Cash paid in connection with acquisitions 0 (6,423) 0
Net originations of loans (46,940) (146,531) (118,754)
Net purchases of premises and equipment (5,090) (2,833) (2,320)
Net proceeds from sale of premises, equipment, other real estate owned and other assets 653 3,668 2,279
Net cash used in investing activities (17,740) (108,734) (183,807)
Cash flows from financing activities      
Net change in deposits 85,324 13,739 99,529
Net change in securities sold under agreements to repurchase (1,128) (651) 2,020
Proceeds from FHLB advances 260,500 391,000 60,000
Repayment of FHLB advances (320,518) (331,517) (70,017)
Proceeds from other debt 0 0 2,000
Repayment of other debt 0 0 (20,286)
Repayments of debentures (2,000) (1,000) (5,500)
Purchase of treasury stock (10,140) (4,265) 0
Exercise of stock options 925 327 84
Sale of common stock 0 0 55,755
Cash dividends (8,065) (7,031) (5,562)
Net cash provided by financing activities 4,898 60,602 118,023
Net change in cash and cash equivalents 19,204 (19,918) (36,115)
Cash and cash equivalents at beginning of period 71,510 91,428 127,543
Cash and cash equivalents at end of period 90,714 71,510 91,428
Supplemental disclosures of cash flow information      
Interest paid 23,700 18,813 12,119
Income taxes paid 5,536 5,218 6,660
Supplemental schedule of noncash investing and financing activities      
Cash dividends accrued 2,076 2,013 1,548
Transfer loans to other real estate owned and repossessed assets 340 1,304 1,775
Common stock issued in acquisitions 0 29,568 0
Terminated KSOP put option 0 0 (34,300)
Net change in fair value of KSOP shares 0 0 2,639
Acquired banks      
Securities held to maturity:      
Cash received from acquired banks $ 0 $ 24,927 $ 0