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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 17,299 $ 21,682
Net income 17,299 21,682
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 1,514 1,417
Provision for loan losses 6,600 1,200
Amortization of loan servicing rights 167 122
Net change in loan servicing rights valuation allowance 246 0
Loans originated for sale, including participations (16,801) (7,454)
Net gain on sales of loans (420) (258)
Proceeds from sale of loans, including participations 13,601 6,835
Net loss on sales of premises and equipment 21 1
Net gain on sales and calls of securities available-for-sale 0 (23)
Net securities amortization 946 817
Stock based compensation expense 413 1,200
Losses (earnings) on life insurance 292 (444)
Gain on life insurance (570) (841)
Tax benefit of stock award issuances (71) (529)
Net change:    
Interest receivable and other assets (1,175) (1,342)
Interest payable and other liabilities (2,547) 1,276
Total adjustments 2,216 1,977
Net cash from operating activities 19,515 23,659
Cash flows from investing activities:    
Proceeds from sale of securities available-for-sale 0 13,693
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 16,393 16,026
Purchases of securities available-for-sale (20,211) (22,183)
Purchase of life insurance (232) (5,362)
Net increase in total loans (23,588) (24,356)
Proceeds from sales of land, premises and equipment 18 10
Purchases of land, premises and equipment (2,133) (2,091)
Proceeds from life insurance 0 1,483
Net cash from investing activities (29,753) (22,780)
Cash flows from financing activities:    
Net increase in total deposits 147,884 103,372
Net increase in short-term borrowings 10,500 46,445
Payments on short-term FHLB borrowings (170,000) (170,000)
Proceeds from long-term FHLB borrowings 75,000 0
Common dividends paid (7,689) (6,581)
Payments related to equity incentive plans (2,030) (2,089)
Purchase of treasury stock (10,227) (195)
Net cash from financing activities 43,438 (29,048)
Net change in cash and cash equivalents 33,200 (28,169)
Cash and cash equivalents at beginning of the period 99,381 216,922
Cash and cash equivalents at end of the period 132,581 188,753
Cash paid during the period for:    
Interest 13,107 13,896
Supplemental non-cash disclosures:    
Loans transferred to other real estate owned 35 0
Securities purchases payable 0 8,725
Right-of-use assets obtained in exchange for lease liabilities $ 0 $ 5,483