As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net Income 28,344 30,064 35,184 40,676 35,549

Adjustments to Reconcile Net Income to Net Cash from Operating Activities

Net Amortization on Securities 2,025 2,548 3,675 3,543 2,698
Depreciation and Amortization 4,810 4,264 4,315 4,687 4,226
Loans Originated for Sale (96,760) (137,687) (138,192) (122,518) (101,867)
Proceeds from Sales of Loans Held-for-Sale 101,608 136,088 137,307 134,316 101,802
Provision for Loan Losses 150 0 1,200 1,750 2,070
Gain on Sale of Loans, net (1,892) (2,959) (3,359) (3,280) (2,421)
Gain on Securities, net (1,481) (725) (1,979) (596) (434)
Gain on Sales of Other Real Estate and Repossessed Assets (58) 63 (55) (17) (13)
Loss (Gain) on Disposition and Donation of Premises and Equipment 93 389 5 870 (36)
Post Retirement Medical Benefit 29 15 7 (34) NA
Increase in Cash Surrender Value of Company Owned Life Insurance (865) (689) (1,068) (1,370) (784)
Equity Based Compensation 627 963 1,407 1,246 835
Excess Tax Benefit from Restricted Share Grant 40 89 200 240 NA
Change in Assets and Liabilities
Interest Receivable and Other Assets (10,119) 172 5,813 (4,528) (2,314)
Interest Payable and Other Liabilities 9,917 (1,328) (2,547) (110) 3,147
Net Cash from Operating Activities 36,468 31,267 41,913 54,875 42,458

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Other Short-term Investments 0 0 (1,000) 0 NA
Proceeds from Maturity of Other Short-term Investments 0 100 1,992 0 NA
Proceeds from Maturity of Securities Available-for-Sale 78,735 90,702 103,301 79,955 58,926
Proceeds from Sales of Securities Available-for-Sale 60,164 18,999 165,102 49,459 22,919
Purchase of Securities Available-for-Sale (151,740) (116,942) (225,456) (156,802) (101,712)
Proceeds from Maturities of Securities Held-to-Maturity 84 89 95 0 NA
Purchase of Federal Home Loan Bank Stock (91) (2,395) (1,350) 0 NA
Proceeds from Redemption of Federal Home Loan Bank Stock 2,055 864 0 0 NA
Purchase of Loans (8,132) (9,895) (5,383) (5,547) 0
Proceeds from Sales of Loans 0 0 2,029 1,106 6,000
Loans Made to Customers, net of Payments Received (58,587) (108,007) (106,198) (149,336) (85,183)
Proceeds from Sales of Other Real Estate 2,045 1,170 1,429 1,435 54
Property and Equipment Expenditures (3,053) (1,614) (5,234) (11,183) (12,692)
Proceeds from Sales of Property and Equipment 23 0 0 6 40
Proceeds from Life Insurance NA 0 0 1,627 251
Acquisition of River Valley Bancorp 0 0 (1,016) 0 NA
Cash from Acquisition of Bank Branches NA NA NA NA 41,392
Net Cash from Investing Activities (78,497) (126,929) (71,689) (189,280) (70,005)

CASH FLOWS FROM FINANCING ACTIVITIES

Change in Deposits (32,364) 46,630 118,231 134,737 (18,804)
Change in Short-term Borrowings 87,940 36,244 (40,163) (4,054) 86,890
Advances in Long-term Debt 20,321 75,000 0 75,000 35,000
Repayments of Long-term Debt (43,117) (44,135) (24,910) (53,864) (70,122)
Issuance (Retirement) of Common Stock 50 49 55 (29) 138
Employee Stock Purchase Plan (37) 447 0 0 NA
Dividends Paid (8,450) (9,010) (10,630) (11,842) (10,330)
Net Cash from Financing Activities 24,343 105,225 42,583 139,948 22,772
Net Change in Cash and Cash Equivalents (17,686) 9,563 12,807 5,543 (4,775)
Cash and Cash Equivalents at Beginning of Year 60,132 42,446 52,009 64,816 70,359
Cash and Cash Equivalents at End of Period 42,446 52,009 64,816 70,359 65,584

Cash Paid During the Period for

Interest 6,071 6,146 8,348 10,852 12,432
Income Taxes 11,267 9,083 9,254 12,462 3,710

Supplemental Non Cash Disclosures

Loans Transferred to Other Real Estate 1,314 1,046 565 1,230 87
Reclassification of Land to Other Assets 0 0 664 330 0
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.