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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net income $ 32,278 $ 32,396
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment, and amortization 4,870 4,487
Amortization of intangible assets 1,017 867
Benefit from reversal of provision for loan losses (4,537) (1,302)
Amortization of investment securities premium, net 3,625 2,547
Originations of residential mortgage loans for resale (101,206) (82,499)
Proceeds from sale of residential mortgage loans originated for resale 97,056 82,448
Gain on sale of loans (2,645) (2,181)
Change in market value of mortgage servicing rights 2,198 570
Provision for losses on foreclosed assets 41 347
Gain on sale of foreclosed assets (218) (782)
Write down of fixed assets held for sale 716  
Loss (gain) on disposal of fixed assets 52 125
Increase in cash value of life insurance (2,086) (2,121)
Life insurance proceeds in excess of cash value (238)  
Equity compensation vesting expense 1,078 1,051
Tax effect of equity compensation exercise or release 182 57
Change in:    
Reserve for unfunded commitments 433 (60)
Interest receivable (33) (937)
Interest payable   (183)
Other assets and liabilities, net 6,301 9,534
Net cash from operating activities 38,884 44,364
Investing activities:    
Proceeds from maturities of securities available for sale 47,722 24,386
Proceeds from maturities of securities held to maturity 83,665 69,771
Purchases of securities available for sale (160,787) (272,125)
Purchases of securities held to maturity   (146,100)
Loan origination and principal collections, net (198,366) (189,995)
Loans purchased (22,503)  
Proceeds from sale of loans other than loans originated for sale 32,029  
Improvement of foreclosed assets   (522)
Proceeds from sale of other real estate owned 3,375 4,753
Proceeds from sale of premises and equipment 1,231 2
Purchases of premises and equipment (10,048) (2,817)
Cash acquired in acquisition 156,316  
Net cash used by investing activities (67,366) (512,647)
Financing activities:    
Net increase in deposits 43,515 77,449
Net change in other borrowings 6,907 (2,417)
Tax effect of equity compensation exercise or release (182) (57)
Repurchase of common stock (384) (54)
Dividends paid (10,265) (8,728)
Exercise of stock options 518 660
Net cash provided by financing activities 40,109 66,853
Net change in cash and cash equivalents 11,627 (401,430)
Cash and cash equivalents and beginning of year 303,461 610,728
Cash and cash equivalents at end of period 315,088 209,298
Supplemental disclosure of noncash activities:    
Unrealized gain (loss) on securities available for sale 11,240 (740)
Loans transferred to foreclosed assets 1,953 4,187
Fixed assets transferred to held for sale 1,934  
Market value of shares tendered in-lieu of cash to pay for exercise of options, release of RSUs, and/or related taxes 2,774 667
Supplemental disclosure of cash flow activity:    
Cash paid for interest expense 4,261 4,250
Cash paid for income taxes 15,515 $ 13,265
Assets acquired in acquisition 161,231  
Liabilities assumed in acquisition $ 161,231