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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 47,346 $ 46,432 $ 43,251
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,904 3,932 4,314
Deferred taxes 701 115 (1,048)
Stock-based compensation 458 783 852
Excess tax benefits of stock-based compensation 100 104 760
Provision for loan losses 7,872 8,650 8,755
Write-downs of other real estate owned and other repossessed assets 1,214 1,656 1,730
Gains on sale of mortgage loans held for sale (1,831) (1,978) (1,468)
Securities (gains) losses (522) 106 211
Gains on sale of assets, net 46 (321) (73)
Proceeds from sale of mortgage loans held for sale 81,441 80,571 51,181
Funding of mortgage loans held for sale (79,682) (77,501) (51,149)
Amortization of securities premiums and discounts, net 2,452 3,098 2,661
Change in cash surrender value of bank owned life insurance (1,546) (1,638) (1,506)
Mortgage servicing rights:      
Fair value adjustments 324 289 830
New servicing assets created (521) (557) (374)
Changes in:      
Other assets (3,205) (6,274) (60)
Other liabilities 2,874 (2,488) (1,339)
Net cash provided by operating activities 61,425 54,979 57,528
Certificates of deposit in other banks:      
Purchase of certificates of deposit 0 0 (245)
Maturity of certificates of deposit 2,852 4,365 1,616
Securities available-for-sale (AFS):      
Purchase of AFS securities (176,236) (81,456) (217,949)
Proceeds from sales of AFS securities 54,446 44,198 135,411
Proceeds from prepayments, calls, and maturities of AFS securities 104,302 79,068 63,023
Securities held-to-maturity (HTM):      
Proceeds from prepayments and maturities of HTM securities 795 1 0
Change in loans, net (74,379) (161,702) (132,906)
Purchase of premises and equipment (3,498) (2,246) (2,081)
Proceeds from sale of premises and equipment 10 239 82
Redemption of stock by FHLB 0 0 7,746
Additional investment in Federal Reserve Bank stock 0 (18) (1)
Cancellation of Federal Reserve Bank stock 0 0 18
Proceeds from sale of other real estate owned and repossessed assets 5,601 9,287 6,714
Additional investment in other real estate owned and repossessed assets 0 (85) 0
Additional investment in bank owned life insurance 0 0 (5,504)
Net cash used in investing activities (86,107) (108,349) (144,076)
Cash flows from financing activities:      
Change in deposits, net 100,526 106,525 19,183
Change in repurchase agreements and federal funds purchased, net 1,060 8,594 25,695
Advances from Federal Home Loan Bank 50,000 170,000 60,000
Payments on advances from Federal Home Loan Bank (150,112) (130,114) (116)
Issuance of common stock 2,985 2,082 1,992
Repurchase of common stock (382) (189) 0
Excess tax benefits of stock-based compensation (100) (104) (760)
Dividends paid (22,190) (21,330) (20,570)
Net cash provided by (used in) financing activities (18,213) 135,464 85,424
Net increase (decrease) in cash and cash equivalents (42,895) 82,094 (1,124)
Cash and cash equivalents at beginning of year 187,611 105,517 106,641
Cash and cash equivalents at end of year 144,716 187,611 105,517
Supplemental disclosures:      
Income taxes paid 19,244 20,527 15,818
Interest paid 13,426 11,609 11,922
Non-cash activities:      
Loans to facilitate the sale of other real estate owned and repossessed assets 3,964 4,343 6,168
Common stock dividends accrued, paid in subsequent quarter 209 239 216
Real estate acquired in settlement of loans $ 5,900 $ 18,557 $ 12,199