As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net Income 30,064 35,184 40,676 46,529

Adjustments to Reconcile Net Income to Net Cash from Operating Activities

Net Amortization on Securities 2,548 3,675 3,543 3,550
Depreciation and Amortization 4,264 4,315 4,687 6,184
Loans Originated for Sale (137,687) (138,192) (122,518) (131,916)
Proceeds from Sales of Loans Held-for-Sale 136,088 137,307 134,316 137,417
Provision for Loan Losses 0 1,200 1,750 2,070
Gain on Sale of Loans, net (2,959) (3,359) (3,280) (3,004)
Gain on Securities, net (725) (1,979) (596) (706)
Gain on Sales of Other Real Estate and Repossessed Assets 63 (55) (17) (41)
Loss (Gain) on Disposition and Donation of Premises and Equipment 389 5 870 (36)
Loss on Disposition of Land NA 0 0 44
Post Retirement Medical Benefit 15 7 (34) (55)
Increase in Cash Surrender Value of Company Owned Life Insurance (689) (1,068) (1,370) (1,141)
Equity Based Compensation 963 1,407 1,246 1,355
Excess Tax Benefit from Restricted Share Grant 89 200 240 32
Change in Assets and Liabilities
Interest Receivable and Other Assets 172 5,813 (4,528) 2,211
Interest Payable and Other Liabilities (1,328) (2,547) (110) (162)
Net Cash from Operating Activities 31,267 41,913 54,875 62,331

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Other Short-term Investments 0 (1,000) 0 0
Proceeds from Maturity of Other Short-term Investments 100 1,992 0 0
Proceeds from Maturities of Securities Available-for-Sale 90,702 103,301 79,955 78,714
Proceeds from Sales of Securities Available-for-Sale 18,999 165,102 49,459 91,013
Purchase of Securities Available-for-Sale (116,942) (225,456) (156,802) (140,604)
Proceeds from Maturities of Securities Held-to-Maturity 89 95 0 0
Purchase of Federal Home Loan Bank Stock (2,395) (1,350) 0 0
Proceeds from Redemption of Federal Home Loan Bank Stock 864 0 0 2,607
Purchase of Loans (9,895) (5,383) (5,547) (1,209)
Proceeds from Sales of Loans 0 2,029 1,106 6,000
Loans Made to Customers, net of Payments Received (108,007) (106,198) (149,336) (87,127)
Proceeds from Sales of Other Real Estate 1,170 1,429 1,435 662
Property and Equipment Expenditures (1,614) (5,234) (11,183) (15,186)
Proceeds from Sales of Property and Equipment 0 0 6 40
Proceeds from Sale of Land NA 0 0 393
Proceeds from Life Insurance 0 0 1,627 765
Acquisition of River Valley Bancorp 0 (1,016) 0 0
Cash from Acquisition of Bank Branches NA 0 0 42,700
Acquisition of First Security, Inc. NA 0 0 (17,566)
Net Cash from Investing Activities (126,929) (71,689) (189,280) (38,798)

CASH FLOWS FROM FINANCING ACTIVITIES

Change in Deposits 46,630 118,231 134,737 (11,112)
Change in Short-term Borrowings 36,244 (40,163) (4,054) 42,999
Advances in Long-term Debt 75,000 0 75,000 25,000
Repayments of Long-term Debt (44,135) (24,910) (53,864) (40,155)
Issuance (Retirement) of Common Stock 49 55 (29) 0
Employee Stock Purchase Plan 447 NA NA NA
Dividends Paid (9,010) (10,630) (11,842) (14,074)
Net Cash from Financing Activities 105,225 42,583 139,948 2,658
Net Change in Cash and Cash Equivalents 9,563 12,807 5,543 26,191
Cash and Cash Equivalents at Beginning of Year 42,446 52,009 64,816 70,359
Cash and Cash Equivalents at End of Year 52,009 64,816 70,359 96,550

Cash Paid During the Year for

Interest 6,146 8,348 10,852 18,239
Income Taxes 9,083 9,254 12,462 5,920

Supplemental Non Cash Disclosures (See Note 18 for Business Combinations)

Loans Transferred to Other Real Estate 1,046 565 1,230 398
Reclassification of Land and Buildings to Other Assets 0 664 330 850
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.