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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 39,552 $ 42,930
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 2,724 2,779
Depreciation and Amortization 4,665 4,840
Loans Originated for Sale (67,025) (48,256)
Proceeds from Sales of Loans Held-for-Sale 58,375 49,744
Provision for Credit Losses 1,525 1,650
Gain on Sale of Loans, net (1,720) (1,217)
(Gain) Loss on Securities, net 34,858 (40)
Loss (Gain) on Disposition and Donation of Premises and Equipment (20) 2
Increase in Cash Surrender Value of Company Owned Life Insurance (552) (928)
Equity Based Compensation 1,438 1,369
Gain on Sale of Assets of German American Insurance (36,507) 0
Change in Assets and Liabilities:    
Interest Receivable and Other Assets (1,836) 601
Interest Payable and Other Liabilities 7,085 (233)
Net Cash from Operating Activities 42,562 53,241
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturities of Securities Available-for-Sale 148,069 145,360
Proceeds from Sales of Securities Available-for-Sale 226,367 114,259
Purchase of Securities Available-for-Sale (190,057) (82,933)
Proceeds from Redemption of Federal Home Loan Bank Stock 157 181
Purchase of Loans 0 (173)
Loans Made to Customers, net of Payments Received (67,422) (42,454)
Property and Equipment Expenditures (2,909) (4,464)
Proceeds from sale of insurance assets 40,000 0
Net Cash from Investing Activities 154,205 129,776
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits 60,661 (170,162)
Change in Short-term Borrowings (27,446) (1,487)
Advances in Long-term Debt 50,000 25,000
Repayments of Long-term Debt (50,075) (63)
Dividends Paid (15,918) (14,713)
Net Cash from Financing Activities 17,222 (161,425)
Net Change in Cash and Cash Equivalents 213,989 21,592
Cash and Cash Equivalents at Beginning of Year 115,330 119,079
Cash and Cash Equivalents at End of Period 329,319 140,671
Cash Paid During the Period for    
Interest 46,426 24,353
Income Taxes 9,360 9,736
Supplemental Non Cash Disclosures    
Interest Rate Swap Fair Value Adjustment $ 350 $ (637)