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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 62,210 $ 59,222 $ 46,529
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:      
Net Amortization on Securities 5,671 3,862 3,550
Depreciation and Amortization 9,429 8,630 6,184
Loans Originated for Sale (317,032) (198,326) (131,916)
Proceeds from Sales of Loans Held-for-Sale 327,172 189,875 137,417
Provision for Credit Losses 17,550 5,325 2,070
Gain on Sale of Loans, net (9,908) (4,633) (3,004)
Gain on Securities, net (4,081) (1,248) (706)
Loss (Gain) on Sales of Other Real Estate and Repossessed Assets 28 200 (41)
Loss (Gain) on Disposition and Donation of Premises and Equipment 223 111 (36)
Loss (Gain) on Disposition of Land 43 (352) 44
Post Retirement Medical Benefit 0 (228) (55)
Increase in Cash Surrender Value of Company Owned Life Insurance (1,449) (1,407) (1,141)
Equity Based Compensation 1,051 1,287 1,355
Excess Tax Benefit from Restricted Share Grant 3 25 32
Change in Assets and Liabilities:      
Interest Receivable and Other Assets (2,925) (1,602) 2,211
Interest Payable and Other Liabilities 4,433 4,488 (162)
Net Cash from Operating Activities 92,418 65,229 62,331
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from Maturity of Other Short-term Investments 744 496 0
Proceeds from Maturities of Securities Available-for-Sale 200,968 114,669 78,714
Proceeds from Sales of Securities Available-for-Sale 125,106 82,601 91,013
Purchase of Securities Available-for-Sale (664,989) (169,640) (140,604)
Proceeds from Redemption of Federal Home Loan Bank Stock 800 1,145 2,607
Purchase of Loans 0 (2,051) (1,209)
Proceeds from Sales of Loans 3,128 0 6,000
Loans Made to Customers, net of Payments Received (10,114) 3,925 (87,127)
Proceeds from Sales of Other Real Estate 340 369 662
Property and Equipment Expenditures (7,071) (9,374) (15,186)
Proceeds from Sales of Property and Equipment 0 0 40
Proceeds from Sale of Land and Building 3,928 1,761 393
Proceeds from Life Insurance 1,082 1,216 765
Acquisition of First Security, Inc. 0 0 (17,566)
Cash from Acquisitions 0 0 42,700
Net Cash from Investing Activities (346,078) 30,662 (38,798)
CASH FLOWS FROM FINANCING ACTIVITIES      
Change in Deposits 676,906 (13,007) (11,112)
Change in Short-term Borrowings (114,832) (82,037) 42,999
Advances in Long-term Debt 0 89,214 25,000
Repayments of Long-term Debt (40,625) (65,171) (40,155)
Issuance (Retirement) of Common Stock (5,789) 0 0
Dividends Paid (20,136) (17,556) (14,074)
Net Cash from Financing Activities 495,524 (88,557) 2,658
Net Change in Cash and Cash Equivalents 241,864 7,334 26,191
Cash and Cash Equivalents at Beginning of Year 103,884 96,550 70,359
Cash and Cash Equivalents at End of Year 345,748 103,884 96,550
Cash Paid During the Year for      
Interest 20,484 30,765 18,239
Income Taxes 11,505 7,977 5,920
Supplemental Non Cash Disclosures (See Note 18 for Business Combinations)      
Loans Transferred to Other Real Estate 0 708 398
Reclassification of Land and Buildings to Other Assets 0 5,712 850
Right of Use Asset Obtained in Exchange for Lease Liabilities 0 9,034  
Citizens First Corporation      
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash from Acquisitions $ 0 $ 5,545 $ 0