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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flow From Operating Activities:    
Net income $ 34,263 $ 38,817
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 19,752 1,200
Depreciation and amortization 2,674 2,209
Change in deferred taxes (7,662) 740
Share-based compensation 1,220 981
Loans originated for sale (163,378) (67,596)
Proceeds from sales of loans held for sale 170,307 69,940
Gains on sales of loans held for sale (2,931) (896)
Gains on sales of securities available for sale (4,612) (1,140)
Increase in cash surrender of life insurance (1,360) (989)
Change in interest receivable 1,412 (50)
Change in interest payable 992 1,706
Other adjustments 20,816 7,019
Net cash provided by operating activities 71,493 51,941
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits (14,681) (33,709)
Purchases of:    
Securities available for sale (87,499) (125,523)
Securities held to maturity (126,759) (138,857)
Proceeds from sales of securities available for sale 96,558 34,107
Proceeds from maturities of:    
Securities available for sale 45,621 25,904
Securities held to maturity 49,912 13,879
Net change in loans (148,882) (75,963)
Proceeds from the sale of other real estate owned 303 288
Other adjustments (3,672) (954)
Net cash used in investing activities (189,099) (300,828)
Net change in :    
Demand and savings deposits 109,276 171,543
Certificates of deposit and other time deposits (78,748) 121,662
Borrowings 180,060 295,060
Repayment of borrowings (72,710) (350,710)
Cash dividends on common stock (14,265) (10,933)
Stock issued under employee benefit plans 0 174
Stock issued under dividend reinvestment and stock purchase plans 428 340
Stock options exercised 7 40
Restricted shares withheld for taxes 0 (1,658)
Repurchase of common stock (55,912) 0
Net cash provided by financing activities 68,136 225,518
Net Change in Cash and Cash Equivalents (49,470) (23,369)
Cash and Cash Equivalents, January 1 177,201 139,247
Cash and Cash Equivalents, March 31 127,731 115,878
Additional cash flow information:    
Interest paid 24,938 22,241
Loans transferred to other real estate owned 761 260
Fixed assets transferred to other real estate owned 0 302
Non-cash investing activities using trade date accounting 44,362 14,579
ROU assets obtained in exchange for new operating lease liabilities $ 79 $ 23,324