XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 9,556 $ 5,146
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 808 823
Depreciation and Amortization 1,127 1,048
Loans Originated for Sale (24,566) (22,256)
Proceeds from Sales of Loans Held-for-Sale 33,615 25,225
Provision for Loan Losses 500 850
Gain on Sale of Loans, net (687) (720)
Loss on Disposition and Donation of Premises and Equipment 0 2
Increase in Cash Surrender Value of Company Owned Life Insurance (261) (235)
Equity Based Compensation 295 261
Change in Assets and Liabilities:    
Interest Receivable and Other Assets (1,602) 1,462
Interest Payable and Other Liabilities 3,857 (407)
Net Cash from Operating Activities 22,642 11,199
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturity of Other Short-term Investments 0 (1,000)
Proceeds from Maturities, Calls, Redemptions of Securities Available-for-Sale 21,154 20,743
Proceeds from Sales of Securities Available-for-Sale 0 62,975
Purchase of Securities Available-for-Sale (32,351) (23,706)
Proceeds from Maturities of Securities Held-to-Maturity 0 95
Purchase of Federal Home Loan Bank Stock 0 (1,350)
Purchase of Loans (59) (4,263)
Loans Made to Customers, net of Payments Received 6,182 (29,023)
Proceeds from Sales of Other Real Estate 152 717
Property and Equipment Expenditures (2,433) (459)
Acquisition of River Valley Bank 0 (793)
Net Cash from Investing Activities (7,355) 23,936
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits (23,003) 8,826
Change in Short-term Borrowings (40,985) (29,463)
Advances in Long-term Debt 25,000 0
Repayments of Long-term Debt (776) (15,070)
Dividends Paid (2,900) (2,391)
Net Cash from Financing Activities (42,664) (38,098)
Net Change in Cash and Cash Equivalents (27,377) (2,963)
Cash and Cash Equivalents at Beginning of Year 64,816 52,009
Cash and Cash Equivalents at End of Period 37,439 49,046
Cash Paid During the Period for    
Interest 2,361 1,736
Income Taxes 0 1,503
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate $ 118 $ 9