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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net Income $ 27,825,000 $ 39,455,000 $ 34,012,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Net premium amortization/discount (accretion) on securities 2,329,000 2,726,000 2,969,000
Securities (gains) losses, net 25,000 (4,511,000) (360,000)
Provision for credit losses 10,413,000 1,600,000 1,228,000
Originations of loans held-for-sale (384,379,000) (164,696,000) (133,930,000)
Proceeds from sales of loans held-for-sale 388,538,000 168,472,000 137,622,000
Net gain on sales of mortgage loans (15,519,000) (5,112,000) (3,791,000)
Change in fair value of mortgage servicing rights 3,999,000 2,662,000 734,000
Net discount / premium from (accretion) amortization on loans (911,000) (1,025,000) (1,703,000)
Change in cash surrender value of BOLI (1,233,000) (1,415,000) (984,000)
Net gains on sale of other real estate owned (204,000) (264,000) (792,000)
Provision for other real estate owned valuation losses 357,000 519,000 581,000
Depreciation of fixed assets and amortization of leasehold improvements 2,798,000 2,462,000 2,423,000
Amortization of core deposit intangible 494,000 539,000 387,000
Change in current income taxes receivable 811,000 1,546,000 1,678,000
Provision for deferred tax expense (646,000) 6,436,000 9,840,000
Change in accrued interest receivable and other assets (17,692,000) (6,350,000) 1,218,000
Accretion of purchase accounting adjustment on time deposits   (38,000) (100,000)
Amortization of purchase accounting adjustment on notes payable and other borrowings 27,000 92,000 81,000
Amortization of junior subordinated debentures issuance costs 643,000 48,000 47,000
Amortization of senior notes issuance costs 105,000 112,000 100,000
Change in accrued interest payable and other liabilities 6,118,000 6,863,000 1,390,000
Stock based compensation 2,089,000 2,516,000 2,257,000
Net cash provided by (used in) operating activities 25,987,000 52,637,000 54,907,000
Cash flows from investing activities      
Proceeds from maturities and calls including pay down of securities available-for-sale 48,054,000 41,752,000 40,641,000
Proceeds from sales of securities available-for-sale 18,006,000 191,298,000 94,663,000
Purchases of securities available-for-sale (65,229,000) (159,544,000) (75,044,000)
Proceeds from sales of FHLBC/FRBC stock   6,875,000 6,754,000
Purchases of FHLBC/FRBC stock   (3,359,000) (8,470,000)
Net change in loans (103,887,000) (34,440,000) (52,706,000)
Purchases of BOLI policies (590,000)    
Proceeds from claims on BOLI 484,000 1,196,000 1,204,000
Proceeds from sales of other real estate owned, net of participation purchase 3,275,000 2,779,000 4,723,000
Net purchases of premises and equipment (3,921,000) (4,345,000) (1,895,000)
Cash paid for acquisition, net of cash and cash equivalents retained     (35,711,000)
Net cash used in investing activities (103,808,000) 42,212,000 (25,841,000)
Cash flows from financing activities      
Net change in deposits 410,324,000 10,114,000 (54,650,000)
Net change in securities sold under repurchase agreements 18,287,000 2,061,000 11,091,000
Net change in other short-term borrowings (48,500,000) (101,000,000) 23,625,000
Redemption of junior subordinated debentures (32,604,000)    
Issuance of term note 20,000,000    
Repayment of term note (3,000,000)    
Net change in notes payable and other borrowings (307,000) (8,798,000) (8,069,000)
Proceeds from exercise of stock option   32,000 33,000
Dividend paid on common stock (1,186,000) (1,195,000) (1,189,000)
Purchase of treasury stock (5,922,000) (666,000) (505,000)
Net cash (used in) provided by financing activities 357,092,000 (99,452,000) (29,664,000)
Net change in cash and cash equivalents 279,271,000 (4,603,000) (598,000)
Cash and cash equivalents at beginning of year 50,632,000 55,235,000 55,833,000
Cash and cash equivalents at end of year 329,903,000 50,632,000 55,235,000
Supplemental cash flow information      
Income taxes paid 7,922,000 4,425,000 20,000
Interest paid for deposits 7,255,000 9,686,000 7,644,000
Interest paid for borrowings 5,093,000 9,073,000 8,323,000
Non-cash transfer of loans to other real estate owned $ 898,000 $ 863,000 $ 2,915,000