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 2019 Q2 YTD 6/30/2019 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 2019 Q2 YTD 6/30/2019 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net Income 30,064 35,184 40,676 46,529 30,338

Adjustments to Reconcile Net Income to Net Cash from Operating Activities

Net Amortization on Securities 2,548 3,675 3,543 3,550 1,784
Depreciation and Amortization 4,264 4,315 4,687 6,184 4,073
Loans Originated for Sale (137,687) (138,192) (122,518) (131,916) (78,128)
Proceeds from Sales of Loans Held-for-Sale 136,088 137,307 134,316 137,417 70,003
Provision for Loan Losses 0 1,200 1,750 2,070 925
Gain on Sale of Loans, net (2,959) (3,359) (3,280) (3,004) (2,011)
Gain on Securities, net (725) (1,979) (596) (706) (671)
Gain on Sales of Other Real Estate and Repossessed Assets 63 (55) (17) (41) 0
Loss (Gain) on Disposition and Donation of Premises and Equipment 389 5 870 (36) 0
Gain on Disposition of Land NA 0 0 44 (262)
Post Retirement Medical Benefit 15 7 (34) (55) NA
Increase in Cash Surrender Value of Company Owned Life Insurance (689) (1,068) (1,370) (1,141) (659)
Equity Based Compensation 963 1,407 1,246 1,355 621
Excess Tax Benefit from Restricted Share Grant 89 200 240 32 NA
Change in Assets and Liabilities
Interest Receivable and Other Assets 172 5,813 (4,528) 2,211 (14,718)
Interest Payable and Other Liabilities (1,328) (2,547) (110) (162) 1,584
Net Cash from Operating Activities 31,267 41,913 54,875 62,331 12,879

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Other Short-term Investments 0 (1,000) 0 0 NA
Proceeds from Maturity of Other Short-term Investments 100 1,992 0 0 NA
Proceeds from Maturities of Securities Available-for-Sale 90,702 103,301 79,955 78,714 45,980
Proceeds from Sales of Securities Available-for-Sale 18,999 165,102 49,459 91,013 22,274
Purchase of Securities Available-for-Sale (116,942) (225,456) (156,802) (140,604) (74,078)
Proceeds from Maturities of Securities Held-to-Maturity 89 95 0 0 NA
Purchase of Federal Home Loan Bank Stock (2,395) (1,350) 0 0 NA
Proceeds from Redemption of Federal Home Loan Bank Stock 864 0 0 2,607 NA
Purchase of Loans (9,895) (5,383) (5,547) (1,209) (521)
Proceeds from Sales of Loans 0 2,029 1,106 6,000 0
Loans Made to Customers, net of Payments Received (108,007) (106,198) (149,336) (87,127) 10,335
Proceeds from Sales of Other Real Estate 1,170 1,429 1,435 662 359
Property and Equipment Expenditures (1,614) (5,234) (11,183) (15,186) (3,172)
Proceeds from Sales of Property and Equipment 0 0 6 40 0
Proceeds from Sale of Land NA 0 0 393 722
Proceeds from Life Insurance 0 0 1,627 765 1,019
Acquisition of River Valley Bancorp 0 (1,016) 0 0 NA
Acquire Bank Branches NA 0 0 42,700 0
Acquisition of First Security, Inc. NA 0 0 (17,566) NA
Net Cash from Investing Activities (126,929) (71,689) (189,280) (38,798) 2,918

CASH FLOWS FROM FINANCING ACTIVITIES

Change in Deposits 46,630 118,231 134,737 (11,112) 56,707
Change in Short-term Borrowings 36,244 (40,163) (4,054) 42,999 (107,456)
Advances in Long-term Debt 75,000 0 75,000 25,000 65,000
Repayments of Long-term Debt (44,135) (24,910) (53,864) (40,155) (28,098)
Issuance (Retirement) of Common Stock 49 55 (29) 0 NA
Employee Stock Purchase Plan 447 NA NA NA NA
Dividends Paid (9,010) (10,630) (11,842) (14,074) (8,493)
Net Cash from Financing Activities 105,225 42,583 139,948 2,658 (22,340)
Net Change in Cash and Cash Equivalents 9,563 12,807 5,543 26,191 (6,543)
Cash and Cash Equivalents at Beginning of Year 42,446 52,009 64,816 70,359 96,550
Cash and Cash Equivalents at End of Period 52,009 64,816 70,359 96,550 90,007

Cash Paid During the Period for

Interest 6,146 8,348 10,852 18,239 14,891
Income Taxes 9,083 9,254 12,462 5,920 4,525

Supplemental Non Cash Disclosures

Loans Transferred to Other Real Estate 1,046 565 1,230 398 708
Reclassification of Land and Buildings to Other Assets 0 664 330 850 NA
Right of Use Asset Obtained in Exchange for Lease Liabilities NA NA NA NA 9,034
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.