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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Operating Activities      
Net income $ 20,549 $ 18,101 $ 19,876
Items not requiring (providing) cash      
Provision for loan losses 3,162 3,058 1,920
Depreciation and amortization 4,152 3,779 3,356
Share based compensation 288 203 48
Mortgage servicing rights net (recovery) impairment 59 (51) (635)
Premium amortization on securities available for sale, net 3,420 2,299 2,861
Gain on sale of investment securities (189) (988) (374)
Gain on sale of mortgage loans (10,055) (8,395) (8,794)
Proceeds from sales of loans 310,700 234,776 365,654
Loans originated for sale (302,419) (229,243) (346,397)
Change in cash value of life insurance (1,224) (1,007) (998)
Gain on sale of other real estate owned (289) (186) (116)
Net change in      
Interest receivable (1,010) (398) 215
Interest payable (11) (50) (54)
Other assets 8,569 (4,945) 9,905
Other liabilities (472) 712 498
Net cash provided by operating activities 35,230 17,665 46,965
Investing Activities      
Purchases of securities available for sale (244,195) (93,375) (168,886)
Proceeds from sales, maturities, calls, and principal repayments of securities available for sale 121,724 117,533 121,309
Purchases of securities held to maturity (32,605) (4,839) (12,050)
Proceeds from maturities of securities held to maturity 7,155 13,851 2,110
Purchase of Federal Reserve Bank stock     (851)
Proceeds from the sale of FHLB stock 268 4,972  
Net change in loans (156,340) (190,838) 112,140
Proceeds on the sale of OREO and repossessed assets 3,014 2,726 2,343
Change in premises and equipment, net (5,622) (6,255) (6,318)
Purchase of Mortgage Company   (735)  
Net cash used in investing activities (124,188) (149,046) 49,797
Net change in      
Deposits 46,747 69,780 (2,633)
Borrowings 49,421 78,068 (89,313)
Proceeds from issuance of stock 4,305 165 195
Dividends paid on common shares (6,216) (4,744) (3,655)
Dividends paid on preferred shares (125) (133) (370)
Net cash provided by financing activities 94,132 143,136 (95,776)
Net Change in Cash and Cash Equivalents 5,174 11,755 986
Cash and Cash Equivalents, Beginning of Period 43,476 31,721 30,735
Cash and Cash Equivalents, End of Period 48,650 43,476 31,721
Additional Supplemental Information      
Interest paid 13,844 13,230 13,556
Income taxes paid 4,123 2,800 3,100
Transfer of loans to other real estate owned 5,567 3,905 $ 3,284
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  
Less: common stock issued 55,506 12,689  
Cash paid for the capital stock 22,641 6,207  
Liabilities assumed 406,930 138,660  
Summit [Member]      
Investing Activities      
Acquisition of businesses, net of cash received   $ 7,914  
Peoples Bancorp Inc [Member]      
Investing Activities      
Acquisition of businesses, net of cash received $ 182,413