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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 13,818 $ 13,511
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 975 357
Depreciation of premises and equipment 1,283 1,148
Depreciation of equipment owned and leased to others 5,101 4,088
Stock-based compensation 784 1,239
Amortization of investment security premiums and accretion of discounts, net 1,257 1,111
Amortization of mortgage servicing rights 332 393
Deferred income taxes 611 (139)
Gains on investment securities available-for-sale (10) 0
Originations of loans held for sale, net of principal collected (23,007) (34,517)
Proceeds from the sales of loans held for sale 21,502 26,347
Net gain on sale of loans held for sale (669) (1,046)
Net gain on sale of other real estate and repossessions (140) (564)
Change in trading account securities 0 (3)
Change in interest receivable (664) (224)
Change in interest payable 273 (250)
Change in other assets (1,230) 167
Change in other liabilities 6,029 5,851
Other (517) 230
Net change in operating activities 25,728 17,699
Investing activities:    
Proceeds from sales of investment securities 511 0
Proceeds from maturities of investment securities 44,416 19,807
Purchases of investment securities (52,003) (23,458)
Net change in other investments 0 240
Loans sold or participated to others 0 1,373
Net change in loans and leases (37,666) (19,203)
Net change in equipment owned under operating leases (5,142) (12,585)
Purchases of premises and equipment (2,298) (520)
Proceeds from sales of other real estate and repossessions 573 5,654
Net change in investing activities (51,609) (28,692)
Financing activities:    
Net change in demand deposits and savings accounts 18,491 37,774
Net change in time deposits 67,471 29,826
Net change in short-term borrowings (51,315) (45,676)
Proceeds from issuance of long-term debt 10,000 0
Payments on long-term debt (387) (459)
Acquisition of treasury stock (8,005) (2,964)
Cash dividends paid on common stock (4,868) (4,434)
Net change in financing activities 31,387 14,067
Net change in cash and cash equivalents 5,506 3,074
Cash and cash equivalents, beginning of year 79,721 66,190
Cash and cash equivalents, end of period 85,227 69,264
Non-cash transactions:    
Loans transferred to other real estate and repossessed assets 592 4,945
Common stock matching contribution to Employee Stock Ownership and Profit Sharing Plan $ 800 $ 500