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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net Income $ 15,888 $ 12,473
Provision for credit losses 3,229 6,526
Deferred tax expense 2,506 1,200
Depreciation and amortization 2,113 1,740
Net (gains) losses on securities and other assets (1,718) 218
Net amortization of premiums and discounts on securities 867 1,102
Income from increase in cash surrender value of bank owned life insurance (1,292) (1,296)
Increase in interest receivable (338) (911)
Mortgage loans originated for sale (27,580) (22,269)
Proceeds from sale of mortgage loans 29,829 22,858
Increase (decrease) in interest payable 571 (26)
Increase in income taxes payable 4,354 2,811
Other-net (991) (4,834)
Net cash provided by operating activities 27,438 19,592
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 10,826 6,924
Payments to acquire held-to-maturity securities (25,140) (19,695)
Proceeds from Sale of Available-for-sale Securities 0 0
Proceeds from maturities and redemptions of available-for-sale securities 33,125 35,815
Purchases of available-for-sale securities (85,220) (29,930)
Purchases of FHLB stock (12,883) (10,281)
Proceeds from the redemption of FHLB stock 10,712 12,636
Proceeds from sale of other assets 1,631 2,101
Increase in Restricted Cash (21,284) 0
Net increase in loans (37,514) (118,137)
Payments for Purchase of Other Assets (410) 0
Purchases of premises and equipment (1,531) (2,251)
Net cash used in investing activities (127,688) (122,818)
Financing Activities    
Net decrease in federal funds purchased 0 (4,000)
Net increase in other short-term borrowings 93,658 11,917
Net increase in deposits 22,385 105,873
Repayments of other long-term debt (145) (139)
Dividends paid (7,119) (6,224)
Purchase of treasury stock (1,102) (488)
Net cash provided by financing activities 107,677 106,939
Net increase in cash and cash equivalents 7,427 3,713
Cash and cash equivalents at January 1 115,677 69,452
Cash and cash equivalents at March 31 $ 123,104 $ 73,165