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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flow From Operating Activities:    
Net income $ 79,873 $ 76,313
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,700 4,163
Depreciation and amortization 4,379 4,409
Change in deferred taxes (398) 3,043
Share-based compensation 1,825 1,653
Loans originated for sale (183,498) (178,913)
Proceeds from sales of loans held for sale 184,667 186,556
Gains on sales of loans held for sale (2,245) (2,473)
Gains on sales of securities available for sale (2,983) (2,731)
Increase in cash surrender of life insurance (1,916) (1,985)
Gains on life insurance benefits (19) (198)
Change in interest receivable (4,269) (1,400)
Change in interest payable 1,133 417
Other adjustments 4,759 (7,132)
Net cash provided by operating activities 83,008 81,722
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits (92,651) (1,572)
Purchases of:    
Securities available for sale (306,291) (260,786)
Securities held to maturity (238,559) 0
Proceeds from sales of securities available for sale 82,052 100,293
Proceeds from maturities of:    
Securities available for sale 53,910 36,124
Securities held to maturity 35,185 36,750
Change in Federal Home Loan Bank stock 0 (763)
Net change in loans (288,195) (337,800)
Proceeds from the sale of other real estate owned 827 1,746
Proceeds from life insurance benefits 633 2,835
Other adjustments (3,691) 3,082
Net cash used in investing activities (756,780) (420,091)
Net change in :    
Demand and savings deposits 400,314 291,984
Certificates of deposit and other time deposits 164,421 39,301
Borrowings 533,010 901,407
Repayment of borrowings (410,689) (895,568)
Cash dividends on common stock (23,847) (19,808)
Stock issued under employee benefit plans 362 344
Stock issued under dividend reinvestment and stock purchase plans 709 555
Stock options exercised 105 953
Stock redeemed (1,675) (1,811)
Net cash provided by financing activities 662,710 317,357
Net Change in Cash and Cash Equivalents (11,062) (21,012)
Cash and Cash Equivalents, January 1 139,247 154,905
Cash and Cash Equivalents, June 30 128,185 133,893
Additional cash flow information:    
Interest paid 50,175 29,587
Income tax paid (refunded) 11,499 8,019
Loans transferred to other real estate owned 314 252
Fixed assets transferred to other real estate owned 965 0
Non-cash investing activities using trade date accounting 40,618 $ 210
ROU assets obtained in exchange for new operating lease liabilities $ 23,384