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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 30,506 $ 24,414
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 2,303 367
Depreciation and amortization 3,076 3,260
Stock-based compensation expense 1,954 1,487
Pension expense (income) (156) (319)
Net amortization (accretion) on investment securities 2,801 2,176
Net (gains) losses on sales of investment securities 0 (516)
Originations of loans held for sale (22,383) (32,085)
Net gains from sales of loans held for sale (588) (1,216)
Proceeds from sales of loans held for sale 24,542 38,633
Deferred income taxes (1,736) 75
Decrease (increase) cash surrender value of life insurance (786) 448
Decrease (increase) in interest receivable (1,687) (1,735)
Decrease (increase) in indemnification asset (1,900) (1,244)
(Decrease) increase in interest payable (1,013) (1,424)
Decrease (increase) in other assets 15,414 957
(Decrease) increase in other liabilities (3,391) (3,082)
Net cash provided by (used in) operating activities 52,328 31,788
Investing activities    
Proceeds from sales of securities available-for-sale 0 22,239
Proceeds from calls, paydowns and maturities of securities available-for-sale 52,252 49,418
Purchases of securities available-for-sale (77,037) (219,761)
Proceeds from calls, paydowns and maturities of securities held-to-maturity 19,718 38,497
Payments to Acquire Held-to-maturity Securities 0 14,441
Net decrease (increase) in interest-bearing deposits with other banks 23,774 43,392
Net decrease (increase) in loans and leases (89,526) 1,257
Proceeds from disposal of other real estate owned 2,222 1,162
Purchases of premises and equipment (4,979) (3,066)
Net cash provided by (used in) investing activities (73,576) (81,303)
Financing activities    
Net (decrease) increase in total deposits 115,458 4,088
Net (decrease) increase in short-term borrowings (156,233) 51,272
Proceeds from FHLB borrowings 50,000 0
Cash dividends paid on common stock (22,183) (9,811)
Proceeds from exercise of stock options 137 282
Net cash provided by (used in) financing activities (12,821) 45,831
Cash and due from banks:    
Change in cash and due from banks (34,069) (3,684)
Cash and due from banks at beginning of period 150,650 121,598
Cash and due from banks at end of period $ 116,581 $ 117,914