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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net income $ 31,866 $ 28,072 $ 11,915
Adjustments to reconcile net earnings to net cash      
Depreciation 2,614 2,168 1,887
Provision for loan losses 1,550 2,250 1,250
Stock compensation expense 590 391 385
Deferred income tax expense 103 (349) 4,076
Loans originated for sale (22,518) (15,939) (16,248)
Proceeds from loans sold 22,004 15,834 16,747
Gain (Loss) on Sales of Loans, Net (405) (295) (323)
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments 1,938 622 (14)
Loss on disposal of assets (236) 74 (133)
Gain (Loss) on Disposition of Business (1,906) 0 0
Write down of foreclosed properties 2,075 776 885
Amortization of securities premiums (accretion of discounts), net 2,263 3,412 4,190
Amortization (accretion) related to acquisitions, net (998) (580) (1,051)
Amortization of intangibles 1,701 1,671 1,410
Increase in cash surrender value of bank owned life insurance (1,148) (1,028) (707)
Decrease in accrued interest receivable 699 (378) (1,102)
(Increase) decrease in other assets 133 (320) 668
Increase (decrease) in other liabilities 4,478 3,384 510
Net cash provided by operating activities 40,927 38,521 24,373
Cash Flows from Investing Activities      
Proceeds from maturities and calls of securities available for sale 1,871 1,145 2,700
Proceeds from Sale of Debt Securities, Available-for-sale 142,423 107,559 152,882
Principal payments received on securities available for sale 22,870 24,814 31,902
Payments to Acquire Debt Securities, Available-for-sale 90,341 105,789 148,174
Purchases of other investments (18,228) (14,550) (18,604)
Redemption of Federal Home Loan Bank Stock 21,412 11,717 15,932
Net principal payments received on loans (181,615) (92,189) (61,104)
Purchases of premises and equipment (9,218) (5,545) (6,185)
Proceeds from disposal of premises and equipment 860 42 0
Improvements to property held for sale (512) (1,304) (316)
Proceeds from sales of other repossessed assets & property held for sale 5,271 2,365 5,883
Proceeds from Divestiture of Businesses 7,117 0 0
Cash Acquired from Acquisition 20,589 0 39,053
Payment to Acquire Life Insurance Policy, Investing Activities 69 0 0
Net cash provided by (used in) investing activities (77,570) (71,735) 13,969
Cash Flows from Financing Activities      
Net increase in demand deposit, NOW and savings accounts 204,757 43,282 48
Net decrease in time deposits (38,409) (8,853) (45,261)
Net increase in short-term borrowings (109,739) 58,585 18,729
Repayment of long-term borrowings (18) (45,016) (918)
Proceeds from issuance of common stock, net of issuance costs 159 237 10
Payments for Repurchase of Common Stock (10,405) (1,689) 0
Exercise of stock options 7 122 303
Payments of Ordinary Dividends, Common Stock (7,361) (6,545) (5,238)
Net cash provided by (used in) financing activities 38,991 40,123 (32,327)
Increase in cash and cash equivalents 2,348 6,909 6,015
Cash and cash equivalents:      
Beginning 59,540 52,631 46,616
Ending 61,888 59,540 52,631
Cash payments for:      
Interest Paid, Excluding Capitalized Interest, Operating Activities 29,855 25,426 18,201
Income taxes 7,850 7,539 5,996
Supplemental Schedule of Noncash Investing and Financing Activities      
Other assets acquired in settlement of loans 4,600 1,822 430
Noncash or Part Noncash Acquisition, Value of Assets Acquired 100,377 0 350,894
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed $ 114,151 $ 0 $ 361,045