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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net income $ 57,786 $ 57,486 $ 58,069
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan and lease losses 5,833 2,160 3,733
Depreciation of premises and equipment 5,245 4,780 4,748
Depreciation of equipment owned and leased to others 21,678 18,280 13,893
Stock-based compensation 2,884 3,843 3,179
Amortization of investment securities premiums and accretion of discounts, net 5,861 4,652 4,351
Amortization of mortgage servicing rights 1,478 1,424 1,278
Deferred income taxes 2,856 1,620 4,341
Gains on investment securities available-for-sale (1,796) (4) (963)
Originations of loans held for sale, net of principal collected (119,134) (113,029) (121,440)
Proceeds from the sales of loans held for sale 116,397 120,138 117,447
Net gain on sale of loans held for sale (3,287) (3,330) (3,532)
Net gain on sale of other real estate and repossessions (228) (814) (1,624)
Change in trading account securities 0 205 (13)
Change in interest receivable (1,326) (549) (603)
Change in interest payable 570 798 (917)
Change in other assets 2,145 (8,230) (9,848)
Change in other liabilities 648 8,010 (2,481)
Other 450 3,168 2,733
Net change in operating activities 98,060 100,608 72,351
Investing activities:      
Proceeds from sales of investment securities available-for-sale 23,784 1,299 1,236
Proceeds from maturities and paydowns of investment securities available-for-sale 217,613 136,649 190,323
Purchases of investment securities available-for-sale (313,074) (147,771) (148,841)
Proceeds from liquidation of partnership investment 2,903 423 570
Net change in other investments (485) (1,172) 1,599
Loans sold or participated to others 5,926 1,962 16,889
Net change in loans and leases (209,668) (315,938) (165,463)
Net change in equipment owned under operating leases (30,100) (54,508) (27,069)
Purchases of premises and equipment (8,935) (9,498) (8,489)
Proceeds from sales of other real estate and repossessions 2,189 6,941 10,418
Net change in investing activities (309,847) (381,613) (128,827)
Financing activities:      
Net change in demand deposits and savings accounts 278,666 173,508 102,130
Net change in time deposits (84,092) 162,818 47,080
Net change in short-term borrowings 58,714 (12,593) (68,309)
Proceeds from issuance of long-term debt 20,837 0 7,161
Payments on long-term debt (6,429) (1,250) (11,660)
Stock issued under stock purchase plans 120 149 197
Acquisition of treasury stock (8,030) (9,970) (16,342)
Cash dividends paid on common stock (19,416) (18,126) (17,643)
Net change in financing activities 240,370 294,536 42,614
Net change in cash and cash equivalents 28,583 13,531 (13,862)
Cash and cash equivalents, beginning of year 79,721 66,190 80,052
Cash and cash equivalents, end of year 108,304 79,721 66,190
Non-cash transactions:      
Loans transferred to other real estate and repossessions 4,961 8,742 7,154
Common stock matching contribution to Employee Stock Ownership and Profit Sharing Plan 800 500 0
Stock dividend paid on common stock 0 90,003 0
Cash paid for:      
Interest 21,531 17,364 19,143
Income taxes $ 19,866 $ 30,429 $ 29,211