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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income $ 9,951,000 $ 11,817,000
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 3,515,000 3,747,000
Increase in cash surrender value of bank-owned life insurance (472,000) (468,000)
Provision for loan losses 3,952,000 2,674,000
Share-based compensation expense 1,073,000 862,000
Loss on other-than-temporary impairment of securities 0 0
(Loss) gain on sale of available-for-sale securities (41,000) 458,000
Loans originated for sale (427,323,000) (220,266,000)
Proceeds from sale of loans 454,737,000 211,432,000
Gain on loans sold (11,069,000) (3,128,000)
Gain on sale of other real estate owned 0 0
Decrease (increase) in fair value of loans held-for-sale 939,000 (352,000)
Loss (gain) on derivatives 377,000 (553,000)
Settlement of derivatives (46,109,000) 0
Net change in servicing asset (41,000) 0
Amortization of operating lease right-of-use assets 360,000 353,000
Net change in accrued income and other assets (2,221,000) (44,383,000)
Net change in accrued expenses and other liabilities (1,840,000) 4,476,000
Net cash used in operating activities (14,212,000) (33,331,000)
Investing Activities    
Net loan activity, excluding purchases (18,907,000) (153,259,000)
Maturities and calls of securities available-for-sale 74,828,000 30,950,000
Proceeds from sale of securities available-for-sale 795,000 30,137,000
Purchase of securities available-for-sale (116,993,000) (76,834,000)
Purchase of securities held-to-maturity (2,000,000) (13,116,000)
Purchase of Federal Home Loan Bank of Indianapolis stock 0 (2,025,000)
Purchase of premises and equipment (10,580,000) (2,852,000)
Loans purchased (172,250,000) (159,068,000)
Net proceeds from sale of portfolio loans 205,023,000 184,095,000
Net cash used in investing activities (40,084,000) (161,972,000)
Financing Activities    
Net increase in deposits 226,826,000 334,912,000
Short-term borrowings 0 0
Cash dividends paid (1,179,000) (1,214,000)
Net proceeds from issuance of subordinated debt 0 35,418,000
Repurchase of common stock 0 (4,133,000)
Proceeds from advances from Federal Home Loan Bank 220,000,000 375,000,000
Repayment of advances from Federal Home Loan Bank (220,000,000) (385,000,000)
Other, net (93,000) (94,000)
Net cash provided by financing activities 225,554,000 354,889,000
Net Increase in Cash and Cash Equivalents 171,258,000 159,586,000
Cash and Cash Equivalents, Beginning of Period 327,361,000 188,712,000
Cash and Cash Equivalents, End of Period 498,619,000 348,298,000
Supplemental Disclosures    
Initial recognition of right-of-use asset 0 2,096,000
Initial recognition of operating lease liabilities 0 2,096,000
Cash paid during the period for interest 43,716,000 37,672,000
Income Taxes Paid, Net 91,000 1,793,000
Loans transferred to other real estate owned 0 0
Loans transferred to held-for-sale from portfolio 204,258,000 184,021,000
Cash dividends declared, paid in subsequent period 588,000 601,000
Securities purchased during the period, settled in subsequent period 0 14,247,000
Transfer of available-for-sale municipal securities to held-to-maturity municipal securities $ 4,479,000 $ 0