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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 35,480 $ 34,562
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,878 2,977
Deferred taxes 519 1,711
Stock-based compensation 347 518
Excess tax benefits of stock-based compensation (58) 190
Provision for loan losses 5,829 6,740
Write-downs of other real estate owned and other repossessed assets 632 1,146
Gains on sale of mortgage loans held for sale (1,357) (1,575)
Securities gains (522) (142)
(Gains)/losses on sale of assets, net 77 (115)
Proceeds from sale of mortgage loans held for sale 61,339 63,580
Funding of mortgage loans held for sale (60,885) (61,724)
Amortization of securities premiums and discounts, net 1,614 2,552
Change in cash surrender value of bank owned life insurance (1,151) (1,245)
Mortgage servicing rights:    
Fair value adjustments 660 381
New servicing assets created (388) (443)
Changes in:    
Other assets (3,902) (9,612)
Other liabilities 11,967 (1,068)
Net cash provided by operating activities 53,079 38,433
Certificates of deposit in other banks:    
Maturity of certificates of deposit 2,852 2,438
Securities available-for-sale (AFS):    
Purchase of AFS securities (159,603) (36,561)
Proceeds from the sales of AFS securities 54,446 44,198
Proceeds from prepayments and maturities of AFS securities 73,027 56,809
Securities held-to-maturity (HTM):    
Proceeds from maturities of HTM securities 480 1
Change in loans, net (65,136) (98,730)
Purchase of premises and equipment (2,411) (1,685)
Proceeds from sale and retirement of premises and equipment 10 232
Investment in Federal Reserve Bank stock 0 (18)
Proceeds from sale of other real estate and other repossessed assets 4,041 7,563
Investment in other real estate and other repossessed assets 0 (85)
Net cash used in investing activities (92,294) (25,838)
Cash flows from financing activities:    
Change in deposits, net 73,203 100,972
Change in repurchase agreements, federal funds purchased, and other short-term borrowings, net 14,272 19,141
Advances from Federal Home Loan Bank 0 70,000
Payments on advances from Federal Home Loan Bank (100,085) (130,086)
Issuance of common stock 2,262 1,345
Repurchase of common stock (382) (189)
Excess tax benefits of stock-based compensation 58 (190)
Dividends paid (16,546) (15,913)
Net cash provided by (used in) financing activities (27,218) 45,080
Net increase (decrease) in cash and cash equivalents (66,433) 57,675
Cash and cash equivalents at beginning of period 187,611 105,517
Cash and cash equivalents at end of period 121,178 163,192
Supplemental disclosures:    
Income taxes paid 13,991 15,199
Interest paid 8,796 7,935
Non-cash activities:    
Loans to facilitate the sale of other real estate owned and repossessed assets 2,624 3,548
Common stock dividends accrued, paid in subsequent quarter 212 220
Real estate acquired in settlement of loans $ 4,300 $ 9,986