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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES:    
Net income $ 29,470 $ 24,911
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and net amortization 4,846 4,328
Securities premium amortization (discount accretion), net 8,756 9,366
Loan (discount accretion) premium amortization, net (677) (1,680)
Provision for loan losses 2,444 6,084
Stock compensation expense 913 758
Deferred tax expense 17 506
Net tax benefit related to stock awards 0 (17)
Net gain on sale of securities available for sale (247) (3,169)
Net loss (gain) on premises and equipment 55 (19)
Gross proceeds from sales of loans held for sale 39,582 42,602
Gross originations of loans held for sale (34,977) (44,674)
Net (gain) loss on other real estate owned (1) 147
Net change in:    
Interest receivable 1,963 506
Other assets 2,479 (2,599)
Interest payable 60 378
Other liabilities (5,935) (1,872)
Net cash provided by operating activities 48,748 35,556
Securities available for sale:    
Purchases (272,410) (355,720)
Sales 328,854 352,299
Maturities, calls and principal repayments 62,242 97,816
Securities held to maturity:    
Purchases (1,521) (23,542)
Maturities, calls and principal repayments 11,316 9,206
Proceeds from redemption of FHLB stock and other investments 114 3,644
Purchases of FHLB stock and other investments (477) (235)
Net loans paydowns (originations) (54,362) 37,446
Purchases of premises and equipment (3,926) (3,327)
Proceeds from sales of premises and equipment 5 51
Proceeds from sales of other real estate owned 134 587
Proceeds from sales of repossessed assets 272 568
Net cash provided by investing activities 70,241 118,793
FINANCING ACTIVITIES:    
Net change in deposits 90,953 115,428
Net increase in federal funds purchased and repurchase agreements 1,327 8,636
Proceeds from FHLB advances 1,631,476 3,815,906
Repayment of FHLB advances (1,763,027) (4,090,022)
Tax benefit related to stock awards 0 17
Proceeds from stock option exercises 1,022 194
Cash paid to tax authority from stock option exercises (132) (51)
Purchase of common stock 0 (10,199)
Proceeds from the issuance of common stock for dividend reinvestment plan 721 648
Cash dividends paid (15,151) (11,768)
Net cash used in financing activities (52,811) (171,211)
Net increase (decrease) in cash and cash equivalents 66,178 (16,862)
Cash and cash equivalents at beginning of period 169,654 80,975
Cash and cash equivalents at end of period 235,832 64,113
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:    
Interest paid 20,134 12,727
Income taxes paid 5,500 5,500
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Loans transferred to other repossessed assets and real estate through foreclosure 263 764
Adjustment to pension liability (803) (917)
Stock dividend (2.5% and 5%, respectively) 24,960 34,765
Unsettled trades to purchase securities $ (24,883) $ (11,793)