XML 19 R9.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flow From Operating Activities:    
Net income $ 38,817 $ 36,679
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,200 2,500
Depreciation and amortization 2,209 2,213
Change in deferred taxes 740 957
Share-based compensation 981 875
Loans originated for sale (67,596) (92,887)
Proceeds from sales of loans held for sale 69,940 96,973
Gains on sales of loans held for sale (896) (1,339)
Gains on sales of securities available for sale (1,140) (1,609)
Increase in cash surrender of life insurance (989) (1,078)
Gains on life insurance benefits 0 (98)
Change in interest receivable (50) 1,907
Change in interest payable 1,706 986
Other adjustments 7,019 (15,082)
Net cash provided by operating activities 51,941 30,997
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits (33,709) 10,794
Purchases of:    
Securities available for sale (125,523) (98,113)
Securities held to maturity (138,857) 0
Proceeds from sales of securities available for sale 34,107 55,695
Proceeds from maturities of:    
Securities available for sale 25,904 15,764
Securities held to maturity 13,879 20,092
Change in Federal Home Loan Bank stock 0 (763)
Net change in loans (75,963) (153,893)
Proceeds from the sale of other real estate owned 288 820
Proceeds from life insurance benefits 0 2,784
Other adjustments (954) 1,051
Net cash used in investing activities (300,828) (145,769)
Net change in :    
Demand and savings deposits 171,543 108,446
Certificates of deposit and other time deposits 121,662 46,659
Borrowings 295,060 737,347
Repayment of borrowings (350,710) (794,004)
Cash dividends on common stock (10,933) (8,912)
Stock issued under employee benefit plans 174 159
Stock issued under dividend reinvestment and stock purchase plans 340 250
Stock options exercised 40 535
Stock redeemed (1,658) (1,785)
Net cash provided by financing activities 225,518 88,695
Net Change in Cash and Cash Equivalents (23,369) (26,077)
Cash and Cash Equivalents, January 1 139,247 154,905
Cash and Cash Equivalents, March 31 115,878 128,828
Additional cash flow information:    
Interest paid 22,241 12,718
Income tax paid (refunded) 0 (257)
Loans transferred to other real estate owned 260 131
Fixed assets transferred to other real estate owned 302 0
Non-cash investing activities using trade date accounting 14,579 $ 601
ROU assets obtained in exchange for new operating lease liabilities $ 23,324