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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net income $ 42,382 $ 36,570
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 5,692 5,130
Depreciation and amortization 6,479 6,388
Stock-based compensation expense 2,396 2,044
Pension expense (income) (450) (600)
Net amortization of premiums/accretion of discounts on investment securities 4,005 3,820
Net gains on sales of investment securities 164 (1,094)
Originations of loans held for sale (100,437) (133,168)
Net gains from sales of loans held for sale (3,027) (3,388)
Proceeds from sales of loans held for sale 113,604 126,045
Deferred income taxes 741 4,474
Bank owned life insurance income (1,027) (955)
Decrease (increase) in interest receivable (1,611) (1,097)
Decrease (increase) in indemnification asset (3,126) (2,328)
(Decrease) increase in interest payable 148 133
Decrease (increase) in other assets (22,622) (21,462)
(Decrease) increase in other liabilities (8,034) 30,625
Net cash provided by (used in) operating activities 41,529 55,793
Investing activities    
Proceeds from sales of securities available-for-sale 98,734 53,518
Proceeds from calls, paydowns and maturities of securities available-for-sale 70,842 56,808
Purchases of securities available-for-sale (74,856) (224,642)
Proceeds from calls, paydowns and maturities of securities held-to-maturity 53,880 75,311
Payments to Acquire Held-to-maturity Securities 0 1,820
Net decrease (increase) in interest-bearing deposits with other banks 14,823 (18,397)
Net decrease (increase) in loans and leases (315,691) (84,658)
Proceeds from disposal of other real estate owned 4,172 9,678
Purchases of premises and equipment (5,023) (3,964)
Life insurance death benefits 5,006 0
Net cash provided by (used in) investing activities (148,113) (138,166)
Financing activities    
Net (decrease) increase in total deposits (60,000) 60,073
Net (decrease) increase in short-term borrowings 176,659 48,657
Payments on long-term debt 0 (932)
Cash dividends paid on common stock (19,520) (19,502)
Proceeds from exercise of stock options 622 167
Excess tax benefit on share-based compensation 156 106
Net cash provided by (used in) financing activities 97,917 88,569
Cash and due from banks:    
Change in cash and due from banks (8,667) 6,196
Cash and due from banks at beginning of period 114,841 110,122
Cash and due from banks at end of period $ 106,174 $ 116,318