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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 7,289 $ 6,116
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 326 1,074
Depreciation of premises and equipment 942 1,038
Net gain on sales of investment securities (44) (91)
Net gain on mortgage banking activities (1,218) (1,258)
Bank owned life insurance income (470) (353)
Net accretion of acquisition accounting fair value adjustments (100) (543)
Stock-based compensation 451 412
Intangible expenses 770 786
Other adjustments to reconcile net income to cash provided by operating activities 325 323
Deferred tax expense 905 1,131
Originations of loans held for sale (44,414) (47,453)
Proceeds from the sale of loans held for sale 46,003 46,141
Contributions to pension and other postretirement benefit plans (60) (81)
Increase in accrued interest receivable and other assets (2,385) (166)
Decrease in accrued interest payable and other liabilities (1,469) (2,239)
Net cash provided by operating activities 6,851 4,837
Cash flows from investing activities:    
Net cash paid due to acquisitions 0 (2,967)
Net capital expenditures (2,177) (1,189)
Proceeds from maturities and calls of securities held-to-maturity 4,000 4,000
Proceeds from maturities and calls of securities available-for-sale 18,693 13,575
Proceeds from sales of securities available-for-sale 53,181 271
Purchases of investment securities available-for-sale (32,573) (15,134)
Net increase in loans and leases (7,507) (35,925)
Net decrease (increase) in interest-earning deposits 21,156 (29,947)
Net decrease in federal funds sold 0 9,099
Net cash provided by (used in) investing activities 54,773 (58,217)
Cash flows from financing activities:    
Net (decrease) increase in deposits (59,934) 7,752
Net increase in short-term borrowings 1,640 179
Proceeds from issuance of subordinated notes 0 49,270
Payment of contingent consideration on acquisitions (900) (620)
Purchases of treasury stock (521) (5,424)
Stock issued under dividend reinvestment and employee stock purchase plans and other employee benefit programs 617 695
Proceeds from exercise of stock options, including excess tax benefits 274 112
Cash dividends paid (3,896) (3,237)
Net cash (used in) provided by financing activities (62,720) 48,727
Net decrease in cash and due from banks (1,096) (4,653)
Cash and due from banks at beginning of year 32,356 31,995
Cash and due from banks at end of period 31,260 27,342
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,113 1,635
Cash paid (received) for income taxes, net of refunds 685 (530)
Non cash transactions:    
Transfer of loans to other real estate owned 1,797 0
Assets acquired through acquisitions 0 425,834
Liabilities assumed through acquisitions 0 389,907
Contingent consideration recorded as goodwill $ 0 $ 1,424