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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net income $ 50,057 $ 42,561
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 5,358 5,091
Depreciation of premises and equipment 4,309 3,897
Depreciation of equipment owned and leased to others 18,541 16,115
Stock-based compensation 2,158 2,036
Amortization of investment securities premiums and accretion of discounts, net 4,206 4,594
Amortization of mortgage servicing rights 821 1,133
Deferred income taxes (4,230) 82
(Gains) losses on investment securities available-for-sale (2,757) (790)
Originations of loans held for sale, net of principal collected (75,387) (88,161)
Proceeds from the sales of loans held for sale 82,572 80,474
Net gain on sale of loans held for sale (2,336) (2,474)
Net loss (gain) on sale of other real estate and repossessions 48 (154)
Change in interest receivable (2,863) (1,204)
Change in interest payable 1,293 1,089
Change in other assets (3,054) (2,896)
Change in other liabilities 16,445 4,820
Other 3,499 (367)
Net change in operating activities 98,680 65,846
Investing activities:    
Proceeds from sales of investment securities available-for-sale 2,927 5,139
Proceeds from maturities and paydowns of investment securities available-for-sale 133,541 158,178
Purchases of investment securities available-for-sale (181,752) (199,056)
Proceeds from liquidation of partnership investment 0 2,903
Net change in other investments 3,495 485
Loans sold or participated to others 13,049 0
Net change in loans and leases (269,881) (191,881)
Net change in equipment owned under operating leases (45,723) (23,627)
Purchases of premises and equipment (2,801) (5,532)
Proceeds from sales of other real estate and repossessions 2,761 1,523
Net change in investing activities (351,374) (252,838)
Financing activities:    
Net change in demand deposits and savings accounts 60,332 211,917
Net change in time deposits 179,620 25,935
Net change in short-term borrowings 24,822 (17,222)
Proceeds from issuance of long-term debt 19,999 10,837
Payments on long-term debt (26,015) (5,928)
Stock issued under stock purchase plans 153 116
Acquisition of treasury stock (41) (8,030)
Cash dividends paid on common stock (15,056) (14,530)
Net change in financing activities 243,814 203,095
Net change in cash and cash equivalents (8,880) 16,103
Cash and cash equivalents, beginning of year 108,304 79,721
Cash and cash equivalents, end of period 99,424 95,824
Non-cash transactions:    
Loans transferred to other real estate and repossessed assets 7,656 2,850
Common stock matching contribution to Employee Stock Ownership and Profit Sharing Plan $ 1,426 $ 800