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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 $ 39,455 $ 34,012 $ 15,138
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Net premium amortization/discount (accretion) on securities 2,726 2,969 1,881
Securities (gains) losses, net (4,511) (360) (474)
Provision for loan and lease losses 1,600 1,228 1,800
Originations of loans held-for-sale (164,696) (133,930) (146,867)
Proceeds from sales of loans held-for-sale 168,472 137,622 151,289
Net gain on sales of mortgage loans (5,112) (3,791) (4,803)
Change in fair value of mortgage servicing rights 2,662 734 802
Net discount / premium from (accretion) amortization on loans (1,025) (1,703) (1,328)
Increase in cash surrender value of BOLI (1,415) (984) (1,432)
Net gains on sale of other real estate owned (264) (792) (474)
Provision for other real estate owned valuation losses 519 581 1,708
Depreciation of fixed assets and amortization of leasehold improvements 2,462 2,423 2,306
Net (gains) / losses on disposal and transfer of fixed assets (32)   (10)
Amortization of core deposit intangible 539 387 96
Change in current income taxes receivable 1,546 1,678 (2,519)
Provision for deferred tax expense 6,436 9,840 13,662
Net deferred tax expense due to DTA valuation adjustment     7,909
Change in accrued interest receivable and other assets (6,318) 1,218 (4,492)
Accretion of purchase accounting adjustment on time deposits (38) (100)  
Amortization of purchase accounting adjustment on notes payable and other borrowings 92 81  
Amortization of junior subordinated debentures issuance costs 48 47 48
Amortization of senior notes issuance costs 112 100 102
Impairment of goodwill 0    
Change in accrued interest payable and other liabilities 6,863 1,390 1,582
Stock based compensation 2,516 2,257 1,181
Net cash provided by operating activities 52,637 54,907 37,105
Cash flows from investing activities      
Proceeds from maturities and calls including pay down of securities available-for-sale 41,752 40,641 117,389
Proceeds from sales of securities available-for-sale 191,298 94,663 232,462
Purchases of securities available-for-sale (159,544) (75,044) (343,470)
Net proceeds from sales of FHLBC stock 3,516 (295) (2,250)
Net disbursements/proceeds from (purchases) sales of FRB stock   (1,421)  
Net change in loans (34,440) (52,706) (141,683)
Proceeds from claims on BOLI 1,196 1,204  
Improvements in other real estate owned   (59)  
Proceeds from sales of other real estate owned, net of participation purchase 2,779 4,782 6,107
Proceeds from disposition of premises and equipment 32   13
Net purchases of premises and equipment (4,377) (1,895) (1,055)
Cash paid for acquisition, net of cash and cash equivalent retained   (35,711)  
Net cash provided by investing activities 42,212 (25,841) (132,487)
Cash flows from financing activities      
Net change in deposits 10,114 (54,650) 56,140
Net change in securities sold under repurchase agreements 2,061 11,091 4,203
Net change in other short-term borrowings (101,000) 23,625 45,000
Payment of senior note issuance costs     (42)
Net change in notes payable and other borrowings (8,798) (8,069)  
Proceeds from exercise of stock options 32 33  
Dividends paid common stock (1,195) (1,189) (1,184)
Purchase of treasury stock (666) (505) (236)
Net cash used in financing activities (99,452) (29,664) 103,881
Net change in cash and cash equivalents (4,603) (598) 8,499
Cash and cash equivalents at beginning of period 55,235 55,833 47,334
Cash and cash equivalents at end of period 50,632 55,235 55,833
Supplemental cash flow information      
Income taxes paid 4,425 20 430
Interest paid for deposits 9,686 7,644 5,145
Interest paid for borrowings 9,073 8,323 7,362
Non-cash transfer of loans to other real estate owned $ 863 $ 2,915 3,701
Non-cash transfer of premises to other real estate owned     $ 95