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Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Operating Activities    
Net income $ 11,707 $ 10,086
Items not requiring (providing) cash    
Provision for loan losses 764 2,520
Depreciation and amortization 2,463 1,883
Share based compensation 170 138
Mortgage servicing rights net impairment 840 356
Premium amortization on securities available for sale, net 2,673 1,289
Gain on sale of investment securities (875) (124)
Gain on sale of mortgage loans (5,643) (5,021)
Proceeds from sales of loans 144,197 155,746
Loans originated for sale (138,452) (152,259)
Change in cash value of life insurance (695) (515)
Gain (Loss) on sale of other real estate owned 118 (206)
Net change in    
Interest receivable (355) (577)
Interest payable 399 (36)
Other assets (5,624) 4,099
Other liabilities 316 (1,511)
Net cash provided by operating activities 12,003 15,868
Investing Activities    
Purchases of securities available for sale (50,143) (47,958)
Proceeds from sales, maturities, calls, and principal repayments of securities available for sale 65,523 40,359
Purchases of securities held to maturity (17,960)  
Proceeds from maturities of securities held to maturity 12,934 1,535
Proceeds from the sale of FHLB stock (2,231) 268
Net change in loans (88,250) (142,131)
Proceeds on the sale of OREO and repossessed assets 1,253 1,793
Change in premises and equipment, net (683) (3,587)
Acquisition of Kosciusko, net of cash received 30,437  
Net cash used in investing activities (49,120) (149,721)
Net change in    
Deposits 78,622 102,404
Borrowings 35,310 34,115
Redemption of preferred stock (12,500)  
Proceeds from issuance of stock   389
Dividends paid on common shares (3,699) (2,611)
Dividends paid on preferred shares (42) (63)
Net cash provided by financing activities 97,691 134,234
Net Change in Cash and Cash Equivalents 60,574 381
Cash and Cash Equivalents, Beginning of Period 48,650 43,476
Cash and Cash Equivalents, End of Period 109,224 43,857
Additional Supplemental Information    
Interest paid 7,081 6,519
Income taxes paid 4,750 3,700
Transfer of loans to other real estate owned 1,971 $ (1,384)
The Company purchased all of the capital stock of Kosciusko for $22,581 on June 1, 2016. In conjunction with the acquisition, liabilities were assumed as follows:    
Fair value of assets acquired 155,413  
Less: common stock issued 14,068  
Cash paid for the capital stock 8,513  
Liabilities assumed $ 132,832