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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 20,807 $ 9,067
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 1,407 1,735
Depreciation and Amortization 2,429 2,654
Loans Originated for Sale (21,519) (46,256)
Proceeds from Sales of Loans Held-for-Sale 24,736 48,039
Provision for Credit Losses 1,100 5,200
Gain on Sale of Loans, net (587) (1,421)
Gain on Securities, net (2) (372)
Gain on Sales of Other Real Estate and Repossessed Assets 0 1
Gain on Disposition and Donation of Premises and Equipment (5) (18)
Increase in Cash Surrender Value of Company Owned Life Insurance (473) (436)
Equity Based Compensation 539 424
Change in Assets and Liabilities:    
Interest Receivable and Other Assets 2,802 12,524
Interest Payable and Other Liabilities 232 15,126
Net Cash from Operating Activities 31,466 46,267
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturities of Securities Available-for-Sale 39,970 40,087
Proceeds from Sales of Securities Available-for-Sale 93,752 91,946
Purchase of Securities Available-for-Sale (1,967) (234,878)
Proceeds from Redemption of Federal Home Loan Bank Stock 80 7,671
Purchase of Loans 0 (833)
Proceeds from Sale of Loans Held for Investment 0 622
Loans Made to Customers, net of Payments Received 15,109 30,525
Proceeds from Sales of Other Real Estate 0 39
Property and Equipment Expenditures (1,916) (4,057)
Proceeds from Life Insurance 0 205
Acquisition of Citizens Union Bancorp of Shelbyville, Inc. 0 207,764
Net Cash from Investing Activities 145,028 139,091
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits (195,056) 154,309
Change in Short-term Borrowings (12,837) (17,608)
Repayments of Long-term Debt (31) (41,605)
Dividends Paid (7,354) (6,752)
Net Cash from Financing Activities (215,278) 88,344
Net Change in Cash and Cash Equivalents (38,784) 273,702
Cash and Cash Equivalents at Beginning of Year 119,079 396,890
Cash and Cash Equivalents at End of Period 80,295 670,592
Cash Paid During the Period for    
Interest 10,152 1,661
Income Taxes 0 (648)
Supplemental Non Cash Disclosures    
Interest Rate Swap Fair Value Adjustment (1,963) 1,046
Supplemental Schedule for Investing Activities (See Note 15 for Business Combinations)    
Assets acquired, net of purchase consideration 0 945,043
Liabilities assumed 0 1,003,759
Goodwill $ 0 $ 58,716