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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net income $ 68,051 $ 57,786 $ 57,486
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan and lease losses 8,980 5,833 2,160
Depreciation of premises and equipment 5,658 5,245 4,780
Depreciation of equipment owned and leased to others 25,215 21,678 18,280
Stock-based compensation 2,963 2,884 3,843
Amortization of investment securities premiums and accretion of discounts, net 5,449 5,861 4,652
Amortization of mortgage servicing rights 1,092 1,478 1,424
Deferred income taxes 2,767 2,856 1,620
Gains on investment securities available-for-sale (4,340) (1,796) (4)
Originations of loans held for sale, net of principal collected (101,104) (119,134) (113,029)
Proceeds from the sales of loans held for sale 106,811 116,397 120,138
Net gains on sale of loans held for sale (2,981) (3,287) (3,330)
Net gain on sale of other real estate and repossessions (251) (228) (814)
Change in trading account securities 0 0 205
Change in interest receivable (2,119) (1,326) (549)
Change in interest payable 1,222 570 798
Change in other assets (1,434) 2,145 (8,230)
Change in other liabilities (3,268) 648 8,010
Other 4,550 450 3,168
Net change in operating activities 117,261 98,060 100,608
Investing activities:      
Proceeds from sales of investment securities available-for-sale 228,715 23,784 1,299
Proceeds from maturities and paydowns of investment securities available-for-sale 177,466 217,613 136,649
Purchases of investment securities available-for-sale (469,385) (313,074) (147,771)
Proceeds from liquidation of partnership investment 128 2,903 423
Net change in other investments (3,495) (485) (1,172)
Loans sold or participated to others 32,004 5,926 1,962
Net change in loans and leases (382,386) (209,668) (315,938)
Net change in equipment owned under operating leases (46,003) (30,100) (54,508)
Purchases of premises and equipment (5,444) (8,935) (9,498)
Proceeds from sales of other real estate and repossessions 6,194 2,189 6,941
Net change in investing activities (462,206) (309,847) (381,613)
Financing activities:      
Net change in demand deposits and savings accounts 205,649 278,666 173,508
Net change in time deposits 213,321 (84,092) 162,818
Net change in short-term borrowings (77,348) 58,714 (12,593)
Proceeds from issuance of long-term debt 19,999 20,837 0
Payments on long-term debt (26,628) (6,429) (1,250)
Stock issued under stock purchase plans 153 120 149
Acquisition of treasury stock (41) (8,030) (9,970)
Cash dividends paid on common stock (20,431) (19,416) (18,126)
Net change in financing activities 314,674 240,370 294,536
Net change in cash and cash equivalents (30,271) 28,583 13,531
Cash and cash equivalents, beginning of year 108,304 79,721 66,190
Cash and cash equivalents, end of year 78,033 108,304 79,721
Non-cash transactions:      
Loans transferred to other real estate and repossessions 8,135 4,961 8,742
Common stock matching contribution to Employee Stock Ownership and Profit Sharing Plan 1,426 800 500
Stock dividend paid on common stock 0 0 90,003
Cash paid for:      
Interest 25,531 21,531 17,364
Income taxes $ 10,567 $ 19,866 $ 30,429