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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Operating Activities      
Net income $ 23,912 $ 20,549 $ 18,101
Items not requiring (providing) cash      
Provision for loan losses 1,842 3,162 3,058
Depreciation and amortization 5,275 4,152 3,779
Share based compensation 324 288 203
Mortgage servicing rights net (recovery) impairment 110 59 (51)
Premium amortization on securities available for sale, net 6,162 3,420 2,299
Gain on sale of investment securities (1,836) (189) (988)
Gain on sale of mortgage loans (11,675) (10,055) (8,395)
Proceeds from sales of loans 328,377 310,700 234,776
Loans originated for sale (316,875) (302,419) (229,243)
Change in cash value of life insurance (1,618) (1,224) (1,007)
Gain (Loss) on sale of other real estate owned 261 (289) (186)
Net change in      
Interest receivable (544) (1,010) (398)
Interest payable (275) (11) (50)
Other assets 489 8,569 (4,945)
Other liabilities (8,381) (472) 712
Net cash provided by operating activities 25,548 35,230 17,665
Investing Activities      
Purchases of securities available for sale (225,555) (244,195) (93,375)
Proceeds from sales, maturities, calls, and principal repayments of securities available for sale 269,587 121,724 117,533
Purchases of securities held to maturity (45,832) (32,605) (4,839)
Proceeds from maturities of securities held to maturity 30,843 7,155 13,851
Change in FHLB stock (5,448) 268 4,972
Net change in loans 32,099 (156,340) (190,838)
Proceeds on the sale of OREO and repossessed assets 2,572 3,014 2,726
Change in premises and equipment, net (1,383) (5,622) (6,255)
Purchase of Mortgage Company     (735)
Net cash provided by (used in) investing activities 226,390 (124,188) (149,046)
Net change in      
Deposits 46,590 46,747 69,780
Borrowings (255,994) 49,421 78,068
Redemption of preferred stock (12,500)    
Proceeds from issuance of stock 572 4,305 165
Dividends paid on common shares (8,382) (6,216) (4,744)
Dividends paid on preferred shares (42) (125) (133)
Net cash provided by (used in) financing activities (229,756) 94,132 143,136
Net Change in Cash and Cash Equivalents 22,182 5,174 11,755
Cash and Cash Equivalents, Beginning of Period 48,650 43,476 31,721
Cash and Cash Equivalents, End of Period 70,832 48,650 43,476
Additional Supplemental Information      
Interest paid 20,572 13,844 13,230
Income taxes paid 6,916 4,123 2,800
Transfer of loans to other real estate owned 3,679 5,567 3,905
Transfer of available-for-sale securities to held-to-maturity     167,047
The Company purchased all of the capital stock of Kosciusko for $22,983 on June 1, 2016, LaPorte Bancorp for $98,634 on July 18, 2016, CNB Bancorp for $5,311 on November 7, 2016, Summit for $18,896 on April 3, 2014 and Peoples for $78,147 on July 1, 2015. 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  
Kosciusko Financial Inc [Member]      
Investing Activities      
Acquisition of businesses, net of cash received 30,437    
The Company purchased all of the capital stock of Kosciusko for $22,983 on June 1, 2016, LaPorte Bancorp for $98,634 on July 18, 2016, CNB Bancorp for $5,311 on November 7, 2016, Summit for $18,896 on April 3, 2014 and Peoples for $78,147 on July 1, 2015. In conjunction with the acquisition, liabilities were assumed as follows:      
Fair value of assets acquired 155,873    
Less: common stock issued 14,470    
Cash paid for the capital stock 8,513    
Liabilities assumed 132,890    
LaPorte Bancorp Inc [Member]      
Investing Activities      
Acquisition of businesses, net of cash received 116,521    
The Company purchased all of the capital stock of Kosciusko for $22,983 on June 1, 2016, LaPorte Bancorp for $98,634 on July 18, 2016, CNB Bancorp for $5,311 on November 7, 2016, Summit for $18,896 on April 3, 2014 and Peoples for $78,147 on July 1, 2015. In conjunction with the acquisition, liabilities were assumed as follows:      
Fair value of assets acquired 549,412    
Less: common stock issued 60,306    
Cash paid for the capital stock 38,328    
Liabilities assumed 450,778    
Central National Bank & Trust [Member]      
Investing Activities      
Acquisition of businesses, net of cash received 22,549    
The Company purchased all of the capital stock of Kosciusko for $22,983 on June 1, 2016, LaPorte Bancorp for $98,634 on July 18, 2016, CNB Bancorp for $5,311 on November 7, 2016, Summit for $18,896 on April 3, 2014 and Peoples for $78,147 on July 1, 2015. In conjunction with the acquisition, liabilities were assumed as follows:      
Fair value of assets acquired 56,219    
Cash paid for the capital stock 5,311    
Liabilities assumed $ 50,908