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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Proceeds from Sale of Loans Receivable $ 9,986 $ 3,511
Operating Activities    
Net Income 51,184 41,676
Provision for credit losses 2,834 20,306
Deferred tax expense 3,411 4,332
Depreciation and amortization 6,711 5,234
Net gains on securities and other assets (3,821) (2,288)
Net amortization of premiums and discounts on securities 2,685 3,486
Income from increase in cash surrender value of bank owned life insurance (4,213) (3,957)
Increase in interest receivable (588) (50)
Mortgage loans originated for sale (116,699) (94,611)
Proceeds from sale of mortgage loans 114,819 95,341
Increase (decrease) in interest payable 678 (324)
Increase (decrease) in income taxes payable 3,288 (3,055)
Other-net 2,963 (6,200)
Net cash provided by operating activities 63,252 59,890
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 36,620 35,470
Payments to acquire held-to-maturity securities (101,372) (42,837)
Proceeds from Sale of Available-for-sale Securities 143,660 55,744
Proceeds from maturities and redemptions of available-for-sale securities 100,620 122,828
Purchases of available-for-sale securities (150,892) (94,777)
Purchases of FHLB stock (35,346) (31,218)
Proceeds from the redemption of FHLB stock 42,791 40,104
Proceeds from sale of other assets 3,835 6,021
Increase in Restricted Cash 3,188 0
Net increase in loans (132,079) (200,269)
Payments for Purchase of Other Assets (638) (204)
Purchases of premises and equipment (8,322) (5,511)
Net cash used in investing activities (87,949) (110,935)
Proceeds from Life Insurance Policies 0 203
Financing Activities    
Net decrease in federal funds purchased 0 (1,000)
Net decrease in other short-term borrowings (62,118) (179,498)
Net increase in deposits 123,455 263,392
Repayments of other long-term debt (440) (422)
Dividends paid (22,717) (18,678)
Proceeds from Sale of Treasury Stock 228 216
Purchase of treasury stock (1,187) (864)
Net cash provided by financing activities 37,048 63,146
Net increase in cash and cash equivalents 12,351 12,101
Cash and cash equivalents at January 1 115,677 69,452
Cash and cash equivalents at September 30 128,028 81,553
Repayments of Long-term Capital Lease Obligations $ 173 $ 0