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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income $ 11,655 $ 10,816
Items not requiring (providing) cash    
Provision for credit losses 8,600 364
Depreciation and amortization 2,610 1,549
Share based compensation 50 57
Mortgage servicing rights, net impairment 322 (14)
Premium amortization on securities, net 1,997 1,285
Gain on sale of investment securities (339) (15)
Gain on sale of mortgage loans (3,473) (1,309)
Proceeds from sales of loans 68,892 30,801
Loans originated for sale (67,576) (30,433)
Change in cash value life insurance (554) (513)
Gain on sale of other real estate owned (8) 26
Net change in:    
Interest receivable 1,054 (696)
Interest payable (290) (386)
Other assets 5,721 97,788
Other liabilities (484) 2,246
Net cash provided by operating activities 28,177 111,566
Investing Activities    
Purchases of securities available for sale (129,405) (63,574)
Proceeds from sales, maturities, calls and principal repayments of securities available for sale 71,395 42,715
Proceeds from maturities of securities held to maturity 6,708 2,927
Net change in interest-earning time deposits (784) (243)
Change in FHLB stock 0 (803)
Net change in loans (68,685) (37,028)
Proceeds on the sale of OREO and repossessed assets 155 487
Change in premises and equipment, net (2,030) 3,260
Death benefit on bank owned life insurance 233 0
Repurchase of outstanding stock (19,636) 0
Net cash provided by (used in) investing activities (142,049) 76,486
Net change in:    
Deposits (48,731) 7,180
Borrowings 154,935 (163,061)
Proceeds from issuance of stock 552 (8)
Dividends paid on common stock (5,257) (4,524)
Net cash provided by (used in) financing activities 101,499 (160,413)
Net Change in Cash and Cash Equivalents (12,373) 27,639
Cash and Cash Equivalents, Beginning of Period 98,831 58,492
Cash and Cash Equivalents, End of Period 86,458 86,131
Additional Supplemental Information    
Interest paid 11,019 10,653
Income taxes paid 0 0
Transfer of loans to other real estate and repossessed assets 609 759
Right-of-use assets exchanged for lease obligations 0 3,411
Salin    
Investing Activities    
Net cash received in acquisition, Salin $ 0 $ 128,745