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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating Activities    
Net Income $ 36,724 $ 32,223
Adjustment to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 8,621 18,011
Deferred tax expense 6,207 9,441
Depreciation and amortization 11,659 6,899
Net gains on securities and other assets (3,137) (892)
Net amortization of premiums and discounts on securities 1,610 278
Net accretion of premiums and discounts on long term debt (37) (88)
Income from increase in cash surrender value of bank owned life insurance (3,904) (4,219)
Mortgage loans originated for sale (3,810) 0
Proceeds from sale of mortgage loans 2,569 0
(Increase) decrease in interest receivable (339) 1,807
Decrease in interest payable (476) (1,297)
Increase (decrease) in income taxes payable 1,157 (1,093)
Decrease in prepaid FDIC insurance 0 9,205
Other-net 772 (2,434)
Net cash provided by operating activities 57,616 67,841
Investing Activities    
Proceeds from sales 132,868 671
Proceeds from maturities and redemptions 199,580 258,097
Purchases (325,955) (410,435)
Purchases of FHLB stock (32,115) (15,378)
Proceeds from Sale of Federal Home Loan Bank Stock 16,565 9,902
Proceeds from bank owned life insurance 1,776 2,092
Proceeds from sale of loans 3,112 20,760
Proceeds from sale of other assets 11,314 10,880
Net increase in loans (146,863) (94,250)
Purchases of premises and equipment (9,781) (4,576)
Net cash used in investing activities (149,499) (222,237)
Financing Activities    
Net increase (decrease) in federal funds purchased 3,500 (23,000)
Net increase in other short-term borrowings 404,852 218,401
Net (decrease) increase in deposits (231,475) 59,945
Repayments of other long-term debt (32,808) (29,883)
Proceeds from other long-term debt 5,000 0
Repayments of subordinated debentures 0 34,702
Discount on dividend reinvestment plan purchases (65) (84)
Dividends paid (19,754) (16,630)
Proceeds from reissuance of treasury stock 192 176
Purchase of treasury stock (30,928) (29,553)
Net Cash Provided by Financing Activities 98,514 144,670
Net increase (decrease) in cash and cash equivalents 6,631 (9,726)
Cash and cash equivalents at January 1 77,439 102,982
Cash and cash equivalents at September 30 $ 84,070 $ 93,256