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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net Income $ 41,676 $ 40,082
Provision for credit losses 20,306 8,818
Deferred tax expense 4,332 12,520
Depreciation and amortization 5,234 5,750
Net gains on securities and other assets (2,288) (952)
Net amortization of premiums and discounts on securities 3,486 2,012
Income from increase in cash surrender value of bank owned life insurance (3,957) (4,089)
Increase in interest receivable (50) (167)
Mortgage loans originated for sale (94,611) (67,708)
Proceeds from sale of mortgage loans 95,341 67,071
Decrease in interest payable (324) (173)
Decrease in income taxes payable (3,055) (22)
Other-net (6,200) (10,757)
Net cash provided by operating activities 59,890 52,385
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 35,470 3,828
Payments to acquire held-to-maturity securities (42,837) (156,756)
Proceeds from Sale of Available-for-sale Securities 55,744 0
Proceeds from maturities and redemptions of available-for-sale securities 122,828 286,924
Purchases of available-for-sale securities (94,777) (16,600)
Purchases of FHLB stock (31,218) (46,911)
Proceeds from the redemption of FHLB stock 40,104 36,980
Proceeds from bank owned life insurance 203 378
Proceeds from Sale of Loans Receivable 3,511 2,898
Proceeds from sale of other assets 6,021 3,668
Net increase in loans (200,269) (140,268)
Payments for Purchase of Other Assets (204) 0
Purchases of premises and equipment (5,511) (3,740)
Net cash used in investing activities (110,935) (29,599)
Financing Activities    
Net (decrease) increase in federal funds purchased (1,000) 11,000
Net (decrease) increase in other short-term borrowings (179,498) 212,918
Net increase (decrease) in deposits 263,392 (154,018)
Repayments of other long-term debt (422) (50,407)
Dividends paid (18,678) (18,862)
Proceeds from Sale of Treasury Stock 216 192
Purchase of treasury stock (864) (25,383)
Net cash provided by (used in) financing activities 63,146 (24,560)
Net increase (decrease) in cash and cash equivalents 12,101 (1,774)
Cash and cash equivalents at January 1 69,452 74,538
Cash and cash equivalents at September 30 $ 81,553 $ 72,764