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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 25,082 $ 22,516
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 2,009 1,915
Net (gain) loss on sale and write down of other real estate owned 2 (14)
Amortization of loan servicing rights 296 279
Loans originated for sale (27,572) (38,470)
Net gain on sales of loans (814) (814)
Proceeds from sale of loans 27,391 37,106
Net (gain) loss on sales of premises and equipment 10 (11)
Net gain on sales and calls of securities available for sale (52) (42)
Net securities amortization 1,420 2,353
Stock based compensation expense 1,796 921
Earnings on life insurance (662) (735)
Tax benefit of stock option exercises (482) (56)
Net change:    
Interest receivable and other assets (2,259) 75
Interest payable and other liabilities 8,613 1,422
Total adjustments 9,696 3,929
Net cash from operating activities 34,778 26,445
Cash flows from investing activities:    
Proceeds from sale of securities available for sale 6,929 7,787
Proceeds from maturities, calls and principal paydowns of securities available for sale 35,591 37,682
Purchases of securities available for sale (53,766) (43,862)
Purchase of life insurance (338) (208)
Net increase in total loans (117,495) (132,782)
Proceeds from sales of land, premises and equipment 6 24
Purchases of land, premises and equipment (4,485) (3,321)
Proceeds from redemption of Federal Home Loan Bank Stock 0 1,745
Purchase of Federal Home Loan Bank Stock (704) 0
Proceeds from sales of other real estate 31 257
Net cash from investing activities (134,231) (132,678)
Cash flows from financing activities:    
Net increase in total deposits 220,034 147,031
Net decrease in short-term borrowings (83,254) (33,792)
Payments on long-term borrowings (2) (1)
Common dividends paid (8,754) (7,547)
Preferred dividends paid (13) (13)
Payments related to equity incentive plans (143) (390)
Purchase of treasury stock (226) (213)
Net cash from financing activities 127,642 105,075
Net change in cash and cash equivalents 28,189 (1,158)
Cash and cash equivalents at beginning of the period 80,674 90,638
Cash and cash equivalents at end of the period 108,863 89,480
Cash paid during the period for:    
Interest 9,080 7,215
Income taxes 8,750 9,864
Supplemental non-cash disclosures:    
Loans transferred to other real estate owned 64 194
Securities purchases payable $ 3,885 $ 1,345