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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 26,727 $ 30,338
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 2,432 1,784
Depreciation and Amortization 4,708 4,073
Loans Originated for Sale (140,767) (78,128)
Proceeds from Sales of Loans Held-for-Sale 140,221 70,003
Provision for Credit Losses 11,050 925
Gain on Sale of Loans, net (4,517) (2,011)
Gain on Securities, net (1,583) (671)
Gain on Sales of Other Real Estate and Repossessed Assets (48) 0
Loss on Disposition and Donation of Premises and Equipment 128 0
Gain on Disposition of Land (19) (262)
Increase in Cash Surrender Value of Company Owned Life Insurance (732) (659)
Equity Based Compensation 552 621
Change in Assets and Liabilities:    
Interest Receivable and Other Assets (5,494) (14,718)
Interest Payable and Other Liabilities 10,054 1,584
Net Cash from Operating Activities 42,712 12,879
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturities of Securities Available-for-Sale 78,832 45,980
Proceeds from Sales of Securities Available-for-Sale 63,424 22,274
Purchase of Securities Available-for-Sale (230,144) (74,078)
Proceeds from Redemption of Federal Home Loan Bank Stock 600 0
Purchase of Loans 0 (521)
Loans Made to Customers, net of Payments Received (183,189) 10,335
Proceeds from Sales of Other Real Estate 316 359
Property and Equipment Expenditures (3,383) (3,172)
Proceeds from Sale of Land 426 722
Proceeds from Life Insurance 1,082 1,019
Net Cash from Investing Activities (272,036) 2,918
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits 549,686 56,707
Change in Short-term Borrowings (94,538) (107,456)
Advances in Long-term Debt 0 65,000
Repayments of Long-term Debt (35,585) (28,098)
Retirement of Common Stock (5,663) 0
Dividends Paid (10,089) (8,493)
Net Cash from Financing Activities 403,811 (22,340)
Net Change in Cash and Cash Equivalents 174,487 (6,543)
Cash and Cash Equivalents at Beginning of Year 103,884 96,550
Cash and Cash Equivalents at End of Period 278,371 90,007
Cash Paid During the Period for    
Interest 12,042 14,891
Income Taxes 23 4,525
Supplemental Non Cash Disclosures    
Loans Transferred to Other Real Estate 0 708
Right of Use Asset Obtained in Exchange for Lease Liabilities $ 249 $ 9,034