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Condensed Financial Information (Parent Company Only) (Tables)
12 Months Ended
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets
Condensed Balance Sheets
 
 
 
December 31

2018
 
 
December 31

2017
 
Assets
 
 
 
 
 
 
 
 
Total cash and cash equivalents
 
$
30,653
 
 
$
13,361
 
Investment in subsidiaries
 
 
502,844
 
 
 
497,623
 
Other assets
 
 
1,186
 
 
 
1,318
 
Total assets
 
$
534,683
 
 
$
512,302
 
Liabilities
 
 
 
 
 
 
 
 
Borrowings
 
$
 
 
$
12,500
 
Subordinated debentures
 
 
37,837
 
 
 
37,653
 
Other liabilities
 
 
4,854
 
 
 
5,071
 
Stockholders’ Equity
 
 
491,992
 
 
 
457,078
 
Total liabilities and stockholders’ equity
 
$
534,683
 
 
$
512,302
 
Condensed Statements of Income
 
Condensed Statements of Income
 
 
 
Years Ended December 31
 
 
 
2018
 
 
2017
 
 
2016
 
Operating Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
 
Dividend income from subsidiaries
 
$
46,950
 
 
$
27,000
 
 
$
20,000
 
Investment income
 
 
 
 
 
 
 
 
33
 
Other income
 
 
 
 
 
540
 
 
 
42
 
Interest expense
 
 
(2,475
)
 
 
(2,791
)
 
 
(2,376
)
Employee benefit expense
 
 
(1,423
)
 
 
(1,094
)
 
 
(1,158
)
Other expense
 
 
(357
)
 
 
(326
)
 
 
1,279
 
Income Before Undistributed Income of Subsidiaries
 
 
42,695
 
 
 
23,329
 
 
 
17,820
 
Undistributed Income of Subsidiaries
 
 
9,643
 
 
 
8,804
 
 
 
5,938
 
Income Before Tax
 
 
52,338
 
 
 
32,133
 
 
 
23,758
 
Income Tax Benefit
 
 
779
 
 
 
984
 
 
 
154
 
Net Income
 
 
53,117
 
 
 
33,117
 
 
 
23,912
 
Preferred stock dividend
 
 
 
 
 
 
 
 
(42
)
Net Income Available to Common Shareholders
 
$
53,117
 
 
$
33,117
 
 
$
23,870
 
Condensed Statements of Comprehensive Income
Condensed Statements of Comprehensive Income
 
 
 
Years Ended December 31
 
 
 
2018
 
 
2017
 
 
2016
 
Net Income
 
$
53,117
 
 
$
33,117
 
 
$
23,912
 
Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
 
 
Change in fair value of derivative instruments, net of taxes
 
 
(25
)
 
 
913
 
 
 
6
 
Unrealized appreciation for the period on held to maturity
securities, net of taxes
 
 
(150
)
 
 
(166
)
 
 
(424
)
Unrealized appreciation (depreciation) on available for sale
securities, net of taxes
 
 
(4,003
)
 
 
1,371
 
 
 
(3,310
)
Less: reclassification adjustment for realized (gains) losses included in net income, net of taxes
 
 
351
 
 
 
(25
)
 
 
(1,193
)
 
 
 
(3,827
)
 
 
2,093
 
 
 
(4,921
)
Comprehensive Income
 
$
49,290
 
 
$
35,210
 
 
$
18,991
 
Condensed Statements of Cash Flows
 
Condensed Statements of Cash Flows
 
 
 
 
Years Ended December 31
 
 
 
2018
 
 
2017
 
 
2016
 
Operating Activities
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
53,117
 
 
$
33,117
 
 
$
23,912
 
Items not requiring (providing) cash
 
 
 
 
 
 
 
 
 
 
 
 
Equity in undistributed net income of subsidiaries
 
 
(9,643
)
 
 
(8,804
)
 
 
(5,938
)
Change in:
 
 
 
 
 
 
 
 
 
 
 
 
Share based compensation
 
 
251
 
 
 
325
 
 
 
284
 
Amortization of unearned compensation
 
 
169
 
 
 
135
 
 
 
324
 
Other assets
 
 
132
 
 
 
388
 
 
 
888
 
Other liabilities
 
 
378
 
 
 
(1,675
)
 
 
(244
)
Net cash provided by operating activities
 
 
44,404
 
 
 
23,486
 
 
 
19,226
 
Investing Activities
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition of Kosciusko
 
 
 
 
 
 
 
 
(6,741
)
Acquisition of LaPorte
 
 
 
 
 
 
 
 
(17,108
)
Acquisition of CNB
 
 
 
 
 
 
 
 
(5,296
)
Acquisition of Lafayette
 
 
 
 
 
(1,254
)
 
 
 
Acquisition of Wolverine
 
 
 
 
 
(7,688
)
 
 
 
Net cash used in investing activities
 
 
 
 
 
(8,942
)
 
 
(29,145
)
Financing Activities
 
 
 
 
 
 
 
 
 
 
 
 
Redemption of preferred stock
 
 
 
 
 
 
 
 
(12,500
)
Net change in borrowings
 
 
(12,316
 
 
(6,803
)
 
 
19,500
 
Dividends paid on preferred shares
 
 
 
 
 
 
 
 
(42
)
Dividends paid on common shares
 
 
(15,418
)
 
 
(11,720
)
 
 
(8,382
)
Proceeds from issuance of stock
 
 
622
 
 
 
1,604
 
 
 
572
 
Net cash used in financing activities
 
 
(27,112
)
 
 
(16,919
)
 
 
(852
)
Net Change in Cash and Cash Equivalents
 
 
17,292
 
 
 
(2,375
)
 
 
(10,771
)
Cash and Cash Equivalents at Beginning of Year
 
 
13,361
 
 
 
15,736
 
 
 
26,507
 
Cash and Cash Equivalents at End of Year
 
$
30,653
 
 
$
13,361
 
 
$
15,736