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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net income $ 14,374 $ 13,153
Items not requiring (providing) cash    
Provision for loan losses 2,820 2,080
Depreciation and amortization 3,020 2,806
Share based compensation 216 145
Mortgage servicing rights net (recovery) impairment 389 (28)
Premium amortization on securities available for sale, net 2,192 1,733
Gain on sale of investment securities (124) (988)
Gain on sale of mortgage loans (7,815) (6,101)
Proceeds from sales of loans 247,512 169,858
Loans originated for sale (239,137) (164,643)
Change in cash value of life insurance (868) (745)
Gain on sale of other real estate owned (214) (176)
Net change in    
Interest receivable (1,337) (563)
Interest payable (28) (50)
Other assets (61) 2,251
Other liabilities 1,020 327
Net cash provided by operating activities 21,959 19,059
Investing Activities    
Purchases of securities available for sale (170,391) (77,164)
Proceeds from sales, maturities, calls, and principal repayments of securities available for sale 61,785 99,805
Purchases of securities held to maturity (26,128) (4,839)
Proceeds from maturities of securities held to maturity 7,155 7,900
Purchase of Federal Reserve Bank stock   (592)
Proceeds from the sale of FHLB stock 268  
Net change in loans (123,326) (154,677)
Proceeds on the sale of OREO and repossessed assets 2,425 2,378
Purchases of premises and equipment (4,757) (4,086)
Purchase of Mortgage Company   (735)
Net cash used in investing activities (70,556) (124,116)
Net change in    
Deposits 79,669 37,124
Borrowings (26,064) 76,944
Proceeds from issuance of stock 4,178 128
Dividends paid on common shares (4,413) (3,440)
Dividends paid on preferred shares (94) (102)
Net cash provided by financing activities 53,276 110,654
Net Change in Cash and Cash Equivalents 4,679 5,597
Cash and Cash Equivalents, Beginning of Period 43,476 31,721
Cash and Cash Equivalents, End of Period 48,155 37,318
Additional Supplemental Information    
Interest paid 10,292 10,009
Income taxes paid 4,900 1,600
Transfer of loans to other real estate owned 2,825 3,078
Transfer of available-for -sale securities to held-to-maturity   167,047
The Company purchased all of the capital stock of Peoples for $78,147 on July 1, 2015 and of Summit for $18,896 on April 3, 2014. In conjunction with the acquisition, liabilities were assumed as follows:    
Fair value of assets acquired 485,077 158,585
Cash paid to retire debt   1,029
Cash paid for the capital stock 22,641 6,207
Less: common stock issued 55,506 12,689
Liabilities assumed 406,930 138,660
Summit [Member]    
Investing Activities    
Acquisition of businesses   $ 7,894
Peoples Bancorp Inc [Member]    
Investing Activities    
Acquisition of businesses $ 182,413