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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 838 $ 16,079
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 21,049 2,685
Depreciation of premises and equipment 1,258 1,318
Net amortization of investment securities premiums and discounts 383 379
Net gain on sales of investment securities (695) (1)
Net gain on mortgage banking activities (2,744) (483)
Bank owned life insurance income (734) (952)
Stock-based compensation 435 577
Intangible expenses 330 426
Other adjustments to reconcile net income to cash provided by (used in) operating activities 273 (205)
Originations of loans held for sale (63,730) (30,422)
Proceeds from the sale of loans held for sale 58,959 31,745
Contributions to pension and other postretirement benefit plans (68) (66)
Increase in accrued interest receivable and other assets (2,752) (3,709)
Decrease in accrued interest payable and other liabilities (1,750) (316)
Net cash provided by operating activities 11,052 17,055
Cash flows from investing activities:    
Net capital expenditures (379) (850)
Proceeds from maturities, calls and principal repayments of securities held-to-maturity 12,475 4,288
Proceeds from maturities, calls and principal repayments of securities available-for-sale 12,896 17,085
Proceeds from sales of securities available-for-sale 62,276 491
Purchases of investment securities held-to-maturity (43,116) (10,309)
Purchases of investment securities available-for-sale (32,242) 0
Proceeds from sales of money market mutual funds 4,753 10
Purchases of money market mutual funds (4,644) (606)
Net increase in other investments (211) (4,362)
Net increase in loans and leases (62,368) (61,582)
Proceeds from sales of other real estate owned 0 599
Net cash used in investing activities (50,560) (55,236)
Cash flows from financing activities:    
Net increase in deposits 47,229 117,239
Net decrease in short-term borrowings (265) (116,583)
Proceeds from issuance of long-term debt 125,000 0
Repayment of long-term debt (65,000) 0
Payment of contingent consideration on acquisitions (31) (33)
Purchases of treasury stock (4,438) (950)
Stock issued under dividend reinvestment and employee stock purchase plans 572 571
Proceeds from exercise of stock options 94 521
Cash dividends paid (5,879) (5,863)
Net cash provided by (used in) financing activities 97,282 (5,098)
Net increase (decrease) in cash and cash equivalents 57,774 (43,279)
Cash and cash equivalents at beginning of year 125,128 109,420
Cash and cash equivalents at end of period 182,902 66,141
Supplemental disclosures of cash flow information:    
Cash paid for interest 9,420 10,629
Cash paid for income taxes, net of refunds $ 32 $ 25