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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities:    
Net income $ 32,875 $ 28,297
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 3,738 3,024
Depreciation of premises and equipment 2,758 2,596
Depreciation of equipment owned and leased to others 11,976 10,545
Stock-based compensation 720 1,399
Amortization of investment securities premiums and accretion of discounts, net 2,402 2,553
Amortization of mortgage servicing rights 551 716
Deferred income taxes (1,222) (742)
(Gains) losses on investment securities available-for-sale (1,750) 199
Originations of loans held for sale, net of principal collected (44,472) (50,830)
Proceeds from the sales of loans held for sale 45,420 46,151
Net gain on sale of loans held for sale (1,303) (1,420)
Net loss (gain) on sale of other real estate and repossessions 75 (135)
Change in interest receivable (224) (173)
Change in interest payable 357 907
Change in other assets (579) (4,127)
Change in other liabilities 4,712 8,177
Other 1,695 (857)
Net change in operating activities 57,729 46,280
Investing activities:    
Proceeds from sales of investment securities available-for-sale 1,766 3,956
Proceeds from maturities and paydowns of investment securities available-for-sale 93,098 108,215
Purchases of investment securities available-for-sale (94,117) (130,607)
Proceeds from liquidation of partnership investment 0 1,472
Net change in other investments 1,780 0
Loans sold or participated to others 6,579 0
Net change in loans and leases (206,166) (159,218)
Net change in equipment owned under operating leases (37,692) (19,486)
Purchases of premises and equipment (1,017) (3,991)
Proceeds from sales of other real estate and repossessions 2,042 714
Net change in investing activities (237,287) (198,945)
Financing activities:    
Net change in demand deposits and savings accounts 54,453 117,906
Net change in time deposits 93,823 67,992
Net change in short-term borrowings 14,640 (27,253)
Proceeds from issuance of long-term debt 19,999 10,832
Payments on long-term debt (25,790) (5,703)
Stock issued under stock purchase plans 153 116
Acquisition of treasury stock (41) (8,005)
Cash dividends paid on common stock (9,949) (9,700)
Net change in financing activities 147,288 146,185
Net change in cash and cash equivalents (32,270) (6,480)
Cash and cash equivalents, beginning of year 108,304 79,721
Cash and cash equivalents, end of period 76,034 73,241
Non-cash transactions:    
Loans transferred to other real estate and repossessed assets 5,977 1,469
Common stock matching contribution to Employee Stock Ownership and Profit Sharing Plan $ 1,426 $ 800