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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Proceeds from Sale of Loans Receivable $ 8,501 $ 213
Operating Activities    
Net Income 29,901 24,480
Provision for credit losses 1,620 16,898
Deferred tax expense 3,968 1,909
Depreciation and amortization 4,414 3,481
Net gains on securities and other assets (2,209) (372)
Net amortization of premiums and discounts on securities 1,782 2,264
Income from increase in cash surrender value of bank owned life insurance (2,741) (2,607)
Decrease (increase) in interest receivable 242 (315)
Mortgage loans originated for sale (70,521) (56,139)
Proceeds from sale of mortgage loans 71,464 55,251
Increase (decrease) in interest payable 857 (84)
Decrease in income taxes payable (764) (2,534)
Other-net 3,729 (4,758)
Net cash provided by operating activities 41,742 37,474
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 22,227 18,601
Payments to acquire held-to-maturity securities (101,372) (40,161)
Proceeds from Sale of Available-for-sale Securities 103,618 55,744
Proceeds from maturities and redemptions of available-for-sale securities 66,189 82,527
Purchases of available-for-sale securities (85,220) (94,777)
Purchases of FHLB stock (22,329) (20,324)
Proceeds from the redemption of FHLB stock 27,736 25,189
Proceeds from sale of other assets 2,744 3,621
Increase in Restricted Cash 3,188 0
Net increase in loans (125,791) (173,817)
Payments for Purchase of Other Assets (547) (204)
Purchases of premises and equipment (3,939) (4,201)
Net cash used in investing activities (104,995) (147,589)
Financing Activities    
Net decrease in federal funds purchased 0 (4,000)
Net decrease in other short-term borrowings (21,806) (42,138)
Net increase in deposits 101,501 198,838
Repayments of other long-term debt (291) (280)
Dividends paid (14,917) (12,451)
Proceeds from Sale of Treasury Stock 228 216
Purchase of treasury stock (1,141) (902)
Net cash provided by financing activities 63,488 139,283
Net increase in cash and cash equivalents 235 29,168
Cash and cash equivalents at January 1 115,677 69,452
Cash and cash equivalents at June 30 115,912 98,620
Repayments of Long-term Capital Lease Obligations $ 86 $ 0