XML 20 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net Income $ 45,527 $ 28,370 $ 29,723
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Provision for Credit Losses 5,533 2,850 6,335
Depreciation and Amortization 2,421 2,186 1,896
Provision for Deferred Income Taxes 5,462 12,605 (2,299)
Net Amortization of Investment Security Premium & Discounts 861 1,430 1,481
Amortization of Core Deposit Intangible 228 110 13
Accretion of Discount on Acquired Loans (153) (202) (43)
Net Loss (Gain) on Investment Securities 1,260 (131) 284
Net (Gain) Loss on Sale of Property & Equipment (273) (1,189) 71
Net Gain on Sale of ORE 0 (414) (5,941)
Bargain Purchase Gain 0 0 (1,832)
Earnings from Equity Investment (66) 0 0
Dividends from Equity Investment 63 0 0
Gain on Remeasurement of Previously Held Equity Investment (997) 0 0
Net Change in Operating Assets & Liabilities:      
Net Decrease (Increase) in Interest Receivable and Other Assets (2,098) (275) 1,056
Net Increase (Decrease) in Interest Payable and Other Liabilities 6 (5,396) 4,068
Net Cash Provided by Operating Activities 57,774 39,944 34,812
Investing Activities      
Purchase of Investment Securities Available-for-Sale (465,414) (325,573) (497,797)
Proceeds from Sold, Matured, or Called Securities Available-for-Sale 550,727 289,857 426,142
Purchase of Investment Securities Held-to-Maturity (9,813) (1,205) (2,264)
Proceeds from Matured, or Called Securities Held-to-Maturity 10,647 4,794 5,499
Net Loans & Leases Paid, Originated or Acquired (276,066) (38,178) (148,960)
Principal Collected on Loans & Leases Previously Charged Off 158 259 232
Cash (Paid) Received from Acquisition, Net (5,987) 0 31,751
Additions to Premises and Equipment (4,577) (4,254) (1,504)
Purchase of Other Investment (5,750) (14,380) (6,825)
Proceeds from Sale of Property & Equipment 986 3,304 0
Proceeds from Sale of ORE 0 3,186 8,282
Net Cash Used in Investing Activities (205,089) (82,190) (185,444)
Financing Activities      
Net Increase in Deposits 148,033 141,517 200,524
Stock Repurchases (31,152) 0 0
Cash Dividends (11,151) (10,982) (10,478)
Net Cash Provided by (Used by) Financing Activities 105,730 130,535 190,046
Increase (Decrease) in Cash and Cash Equivalents (41,585) 88,289 39,414
Cash and Cash Equivalents at Beginning of Year 187,149 98,860 59,446
Cash and Cash Equivalents at End of Year 145,564 187,149 98,860
Supplementary Data      
Loans Transferred to Foreclosed Assets (ORE) 0 0 538
Cash Payments Made for Income Taxes 7,971 13,942 12,891
Issuance of Common Stock to the Bank's Non-Qualified Retirement Plans 10,502 2,953 2,586
Interest Paid 7,731 6,005 3,856
Acquisitions:      
Fair Value of Assets Acquired 234,456    
Fair Value of Assets Acquired   0 114,871
Fair Value of Liabilities Acquired 192,809    
Fair Value of Liabilities Acquired   0 103,861
Issuance of Common Stock to Acquired Bank's Shareholders $ 0 $ 0 $ 6,921