XML 20 R7.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income (Loss) Attributable to Parent $ 53,844 $ 48,872 $ 46,583
Adjustments to reconcile net income to net cash provided by operating activities:      
Net (accretion) amortization on securities 7,184 4,848 3,622
Provision for credit loss expense 10,528 4,700 5,768
Securities (gains) losses (233) (44) (2)
Depreciation and amortization 6,092 4,826 4,164
Provision for deferred income taxes (3,768) (2,841) (2,428)
Net change in accrued interest receivable 1,566 (903) (1,057)
Contribution of shares to ESOP 1,471 1,251 1,087
Stock compensation expense 820 801 745
Gain on sale of mortgage loans (6,626) (2,573) (1,829)
Loss (gain) on sales of other real estate (761) 44 86
Origination of loans held for sale (165,524) (79,454) (57,418)
Proceeds from loans held for sale 170,834 79,454 62,098
Other, net 1,998 (9,080) (3,971)
NET CASH FROM OPERATING ACTIVITIES 77,425 49,901 57,448
CASH FLOWS FROM INVESTING ACTIVITIES:      
Sales of securities available-for-sale 28,161 3,259 0
Calls, maturities and principal reductions on securities available-for-sale 260,631 181,763 143,157
Purchases of securities available-for-sale (365,998) (129,466) (124,333)
Loans made to customers, net of payments 53,144 (47,169) (52,905)
Net change in federal funds sold 7,199 (7,500) 0
Redemption of restricted stock 600 3,588 0
Purchase of restricted stock (18) (4,164) (11)
Cash Acquired from Acquisition 0 (32,830) 0
Sale of other real estate 3,941 756 1,781
Additions to premises and equipment (3,908) (1,103) (2,013)
NET CASH FROM INVESTING ACTIVITIES (16,248) (32,866) (34,324)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net change in deposits 481,728 104,113 (21,926)
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase 35,942 (55,147) 11,970
Dividends paid (14,273) (12,648) (12,496)
Purchases of treasury stock (9,220) (315) (391)
Proceeds from FHLBank Borrowings, Financing Activities 16,700 217,000 115,600
Payments of FHLBank Borrowings, Financing Activities 42,010 217,000 115,600
NET CASH FROM FINANCING ACTIVITIES 468,867 36,003 (22,843)
NET CHANGE IN CASH AND CASH EQUIVALENTS 530,044 53,038 281
SUPPLEMENTAL DISCLOSURES OF CASH FLOW AND NONCASH INFORMATION:      
Interest Paid, Excluding Capitalized Interest, Operating Activities 14,845 16,339 9,408
Income Taxes 7,549 9,595 7,185
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 657,470 $ 127,426 $ 74,388