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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net Income $ 56,036 $ 45,527 $ 28,370
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Provision for Credit Losses 200 5,533 2,850
Depreciation and Amortization 2,756 2,421 2,186
(Benefit) Provision for Deferred Income Taxes (3,254) 5,462 12,605
Net Amortization of Investment Security Premium & Discounts 510 861 1,430
Amortization of Core Deposit Intangible 639 228 110
Accretion of Discount on Acquired Loans (47) (153) (202)
Net (Gain) Loss on Investment Securities (1) 1,260 (131)
Net Loss (Gain) on Sale of Property & Equipment 87 (273) (1,189)
Net Gain on Sale of ORE 0 0 (414)
Earnings from Equity Investment 0 (66) 0
Dividends from Equity Investment 0 63 0
Gain on Remeasurement of Previously Held Equity Investment 0 (997) 0
Net Change in Operating Assets & Liabilities:      
Net Decrease (Increase) in Interest Receivable and Other Assets 18,949 (2,098) (275)
Net Increase (Decrease) in Interest Payable and Other Liabilities 4,983 6 (5,396)
Net Cash Provided by Operating Activities 80,858 57,774 39,944
Investing Activities      
Purchase of Investment Securities Available-for-Sale (652,280) (465,414) (325,573)
Proceeds from Sold, Matured, or Called Securities Available-for-Sale 644,244 550,727 289,857
Purchase of Investment Securities Held-to-Maturity (16,376) (9,813) (1,205)
Proceeds from Matured, or Called Securities Held-to-Maturity 10,871 10,647 4,794
Net Loans & Leases Paid, Originated or Acquired (102,413) (276,066) (38,178)
Principal Collected on Loans & Leases Previously Charged Off 220 158 259
Cash Paid for Acquisition, Net 0 (5,987) 0
Additions to Premises and Equipment (15,537) (4,577) (4,254)
Purchase of Other Investment (4,400) (5,750) (14,380)
Proceeds from Sale of Property & Equipment 41 986 3,304
Proceeds from Sale of ORE 0 0 3,186
Net Cash Used in Investing Activities (135,630) (205,089) (82,190)
Financing Activities      
Net Increase in Deposits 215,187 148,033 141,517
Stock Repurchases 0 (31,152) 0
Cash Dividends (11,221) (11,151) (10,982)
Net Cash Provided by Financing Activities 203,966 105,730 130,535
Net Change in Cash and Cash Equivalents 149,194 (41,585) 88,289
Cash and Cash Equivalents at Beginning of Year 145,564 187,149 98,860
Cash and Cash Equivalents at End of Year 294,758 145,564 187,149
Supplementary Data      
Cash Payments Made for Income Taxes 7,342 7,971 13,942
Issuance of Common Stock to the Bank's Non-Qualified Retirement Plans 6,973 10,502 2,953
Interest Paid 11,755 7,731 6,005
Supplementary Noncash Disclosure      
Lease Liabilities Arising from Obtaining Right-of-Use Assets 5,645 0 0
Acquisitions:      
Fair Value of Assets Acquired 0 234,456 0
Fair Value of Liabilities Acquired $ 0 $ 192,809 $ 0