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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net Income $ 55,351 $ 29,901
Provision for credit losses 8,071 1,620
Deferred tax expense 1,468 3,968
Depreciation and amortization 3,262 4,414
Net gains on securities and other assets (14,192) (2,209)
Net amortization of premiums and discounts on securities 1,554 1,782
Income from increase in cash surrender value of bank owned life insurance (2,941) (2,741)
(Increase) decrease in interest receivable (1,150) 242
Mortgage loans originated for sale (83,265) (70,521)
Proceeds from sale of mortgage loans 93,518 71,464
Increase in interest payable 383 857
Decrease in income taxes payable (92) (764)
Other-net (10,362) 3,729
Net cash provided by operating activities 60,605 41,742
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 23,926 22,227
Payments to acquire held-to-maturity securities (5,506) (101,372)
Proceeds from Sale of Available-for-sale Securities 15,939 103,618
Proceeds from maturities and redemptions of available-for-sale securities 78,842 66,189
Purchases of available-for-sale securities (218,885) (85,220)
Purchases of FHLB stock (25,110) (22,329)
Proceeds from the redemption of FHLB stock 32,881 27,736
Proceeds from Life Insurance Policy 772 0
Proceeds from Sale of Loans Receivable 27,985 8,501
Proceeds from sale of other assets 1,434 2,744
Payments to Acquire Businesses, Net of Cash Acquired 507 3,188
Dividend from Unconsolidated Subsidiary 9,000 0
Net increase in loans (78,435) (125,791)
Payments for Purchase of Other Assets (4,703) (4,486)
Net cash used in investing activities (150,353) (104,995)
Financing Activities    
Net increase in federal funds purchased 16,000 0
Net decrease in other short-term borrowings (178,279) (21,806)
Net increase in deposits 191,782 101,501
Repayments of other long-term debt (23,290) (291)
Repayments of Long-term Capital Lease Obligations 185 86
Proceeds from Issuance of Long-term Debt 98,120 0
Dividends paid (16,835) (14,917)
Proceeds from Sale of Treasury Stock 208 228
Purchase of treasury stock (1,084) (1,141)
Net cash provided by financing activities 86,437 63,488
Net (decrease) increase in cash and cash equivalents (3,311) 235
Cash and cash equivalents at January 1 107,292 $ 115,677
Cash and cash equivalents at June 30 $ 103,981