XML 19 R9.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net income $ 10,816 $ 12,804
Items not requiring (providing) cash    
Provision for loan losses 364 567
Depreciation and amortization 1,549 1,814
Share based compensation 57 82
Mortgage servicing rights, net impairment (14) 6
Premium amortization on securities, net 1,285 1,476
Loss (gain) on sale of investment securities (15) (11)
Gain on sale of mortgage loans (1,309) (1,423)
Proceeds from sales of loans 30,801 43,307
Loans originated for sale (30,433) (35,770)
Change in cash value life insurance (513) (435)
(Gain)/loss on sale of other real estate owned 26  
Net change in:    
Interest receivable (696) 4,200
Interest payable (386) 330
Other assets 97,788 6,595
Other liabilities 2,246 (3,556)
Net cash provided by operating activities 111,566 29,986
Investing Activities    
Purchases of securities available for sale (63,574) (36,389)
Proceeds from sales, maturities, calls and principal repayments of securities available for sale 42,715 30,415
Purchases of securities held to maturity   (8,703)
Proceeds from maturities of securities held to maturity 2,927 721
Net change in interest-earning time deposits (243) (289)
Change in Federal Reserve and FHLB stock (803)  
Net change in loans (37,028) (33,312)
Proceeds on the sale of OREO and repossessed assets 487 392
Change in premises and equipment, net 3,260 (1,074)
Net cash used in investing activities 76,486 (48,239)
Net change in:    
Deposits 7,180 52,673
Borrowings (163,061) (43,811)
Proceeds from issuance of stock (8) 100
Dividends paid on common stock (4,524) (3,848)
Net cash provided by (used in) financing activities (160,413) 5,114
Net Change in Cash and Cash Equivalents 27,639 (13,139)
Cash and Cash Equivalents at Beginning of Year 58,492 59,980
Cash and Cash Equivalents at End of Year 86,131 46,841
Additional Supplemental Information    
Interest paid 10,653 5,685
Transfer of loans to other real estate 759 $ 266
Right-of-use assets exchanged for lease obligations 3,411  
Salin Bank and Trust Company [Member]    
Investing Activities    
Net cash received in acquisition $ 128,745