XML 19 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flow From Operating Activities:    
Net income $ 117,426 $ 71,687
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 5,563 7,343
Depreciation and amortization 6,630 5,696
Change in deferred taxes 3,750 3,542
Share-based compensation 2,546 1,884
Loans originated for sale (277,312) (246,979)
Proceeds from sales of loans held for sale 285,297 257,695
Gains on sales of loans held for sale (3,791) (4,081)
Gains on sales of securities available for sale (4,016) (1,497)
Increase in cash surrender of life insurance (2,946) (2,773)
Gains on life insurance benefits (198) (2,671)
Change in interest receivable (1,401) (2,074)
Change in interest payable 1,530 597
Other adjustments 3,077 (9,006)
Net cash provided by operating activities 136,155 79,363
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits (31,736) 200,013
Purchases of:    
Securities available for sale (341,433) (307,220)
Securities held to maturity (30,220)
Proceeds from sales of securities available for sale 126,136 54,513
Proceeds from maturities of:    
Securities available for sale 56,533 52,176
Securities held to maturity 52,258 55,276
Change in Federal Home Loan Bank stock (763) 40
Net change in loans (347,054) (401,977)
Net cash and cash equivalents received in acquisition 54,536
Proceeds from the sale of other real estate owned 2,069 5,046
Proceeds from life insurance benefits 2,836 11,642
Other adjustments 2,708 (1,656)
Net cash used in investing activities (478,446) (307,831)
Net change in :    
Demand and savings deposits 342,471 132,145
Certificates of deposit and other time deposits 118,151 107,322
Borrowings 1,451,467 894,674
Repayment of borrowings (1,552,068) (866,231)
Cash dividends on common stock (30,732) (22,909)
Stock issued under employee benefit plans 515 367
Stock issued under dividend reinvestment and stock purchase plans 879 714
Stock options exercised 1,093 2,323
Stock redeemed (1,889) (1,257)
Net cash provided by financing activities 329,887 247,148
Net Change in Cash and Cash Equivalents (12,404) 18,680
Cash and Cash Equivalents, January 1 154,905 127,927
Cash and Cash Equivalents, September 30 142,501 146,607
Additional cash flow information:    
Interest paid 46,788 24,183
Income tax paid 13,719 18,000
Loans transferred to other real estate owned 405 8,210
Fixed assets transferred to other real estate owned 374
Non-cash investing activities using trade date accounting 828 3,798
Investments transferred from held to maturity to available for sale in accordance with ASU 2017-12 30,794  
In conjunction with the acquisitions, liabilities were assumed as follows:    
Fair value of assets acquired 1,531,397
Cash paid in acquisition (12)
Less: Common stock issued 321,431
Liabilities assumed $ 0 $ 1,209,954