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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities      
Net income $ 9,278 $ 9,513 $ 17,746
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Net premium amortization/discount (accretion) on securities   1,126 1,476
Securities (gains) losses, net (986) 24 (1,013)
Provision for credit losses 450 10,113 900
Originations of loans held-for-sale   (183,854) (64,762)
Proceeds from sales of loans held-for-sale   183,570 64,181
Net gain on sales of mortgage loans (1,163) (6,877) (1,925)
Change in fair value of mortgage servicing rights 1,137 2,579 1,956
Net discount / premium from (accretion) amortization on loans   (606) (246)
Change in cash surrender value of BOLI 320 483 778
Net gains on sale of other real estate owned (77) (23) (150)
Provision for other real estate owned valuation losses 196 218 196
Depreciation of fixed assets and amortization of leasehold improvements   1,357 1,278
Net (gains) / losses on disposal and transfer of fixed assets     (3)
Amortization of core deposit intangible 121 252 253
Change in current income taxes receivable   1,137 2,395
Provision for deferred tax expense   (2,503) 3,013
Change in accrued interest receivable and other assets   (7,338) (2,570)
Accretion of purchase accounting adjustment on time deposits     (38)
Amortization of purchase accounting adjustment on notes payable and other borrowings   20 54
Amortization of junior subordinated debentures issuance costs   643 24
Amortization of senior notes issuance costs   53 50
Change in accrued interest payable and other liabilities   10,578 16,575
Stock based compensation   1,314 1,241
Net cash provided by operating activities   20,813 39,853
Cash flows from investing activities      
Proceeds from maturities and calls including pay down of securities available-for-sale   35,523 27,863
Proceeds from sales of securities available-for-sale 39,072 18,006 120,596
Purchases of securities available-for-sale   (12,800) (82,930)
Net proceeds from sales of FHLBC stock     2,825
Net change in loans   (123,645) (6,195)
Proceeds from claims on BOLI   483  
Proceeds from sales of other real estate owned, net of participation purchase   311 1,452
Proceeds from disposition of premises and equipment     3
Net purchases of premises and equipment   (1,539) (1,390)
Net cash provided by investing activities   (83,661) 62,224
Cash flows from financing activities      
Net change in deposits   324,568 (38,861)
Net change in securities sold under repurchase agreements   3,395 7,534
Net change in other short-term borrowings   (40,250) (62,375)
Redemption of junior subordinated debentures   (32,604)  
Issuance of term note   20,000  
Repayment of term note   (1,000)  
Net change in notes payable and other borrowings   (152) (4,398)
Proceeds from exercise of stock options     32
Dividends paid common stock   (597) (597)
Purchase of treasury stock   (3,655) (430)
Net cash used in financing activities   269,705 (99,095)
Net change in cash and cash equivalents   206,857 2,982
Cash and cash equivalents at beginning of period   50,632 55,235
Cash and cash equivalents at end of period $ 58,217 $ 257,489 $ 58,217