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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating Activities    
Net Income $ 80,500 $ 51,184
Provision for credit losses 11,032 2,834
Deferred tax expense 2,969 3,411
Depreciation and amortization 5,620 6,711
Net gains on securities and other assets (15,816) (3,821)
Net amortization of premiums and discounts on securities 2,343 2,685
Income from increase in cash surrender value of bank owned life insurance (4,364) (4,213)
Increase in interest receivable (2,483) (588)
Mortgage loans originated for sale (129,552) (116,699)
Proceeds from sale of mortgage loans 139,685 114,819
Increase in interest payable 1,672 678
(Decrease) increase in income taxes payable (3,412) 3,288
Dividend from Unconsolidated Subsidiary 9,000 0
Other-net (3,655) 2,963
Net cash provided by operating activities 93,539 63,252
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 37,007 36,620
Payments to acquire held-to-maturity securities (5,506) (101,372)
Proceeds from Sale of Available-for-sale Securities 15,939 143,660
Proceeds from maturities and redemptions of available-for-sale securities 111,800 100,620
Purchases of available-for-sale securities (292,249) (150,892)
Purchases of FHLB stock (38,947) (35,346)
Proceeds from the redemption of FHLB stock 43,754 42,791
Proceeds from Life Insurance Policy 2,140 0
Proceeds from Sale of Loans Receivable 32,745 9,986
Proceeds from sale of other assets 2,486 3,835
Payments to Acquire Businesses, Net of Cash Acquired 705 3,188
Net increase in loans (109,060) (132,079)
Payments for Purchase of Other Assets (6,862) (8,960)
Net cash used in investing activities (206,048) (87,949)
Financing Activities    
Net increase in federal funds purchased 6,500 0
Net decrease in other short-term borrowings (126,160) (62,118)
Net increase in deposits 173,553 123,455
Repayments of other long-term debt (23,443) (440)
Repayments of Long-term Capital Lease Obligations 279 173
Proceeds from Issuance of Long-term Debt 98,026 0
Dividends paid (25,868) (22,717)
Proceeds from Sale of Treasury Stock 208 228
Purchase of treasury stock (1,136) (1,187)
Net cash provided by financing activities 101,401 37,048
Net (decrease) increase in cash and cash equivalents (11,108) 12,351
Cash and cash equivalents at January 1 107,292 115,677
Cash and cash equivalents at September 30 $ 96,184 $ 128,028