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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 14,514 $ 12,279
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 1,165 983
Provision for loan losses 200 0
Net gain on sale and write down of other real estate owned (5) 0
Amortization of loan servicing rights 158 145
Loans originated for sale (25,812) (10,341)
Net gain on sales of loans (364) (339)
Proceeds from sale of loans 28,066 11,666
Net gain on sales and calls of securities available for sale (3) (52)
Net securities amortization 715 695
Stock based compensation expense 1,559 784
Earnings on life insurance (471) (174)
Tax benefit of stock option exercises (924) (482)
Net change:    
Interest receivable and other assets 623 (3,293)
Interest payable and other liabilities 1,339 6,595
Total adjustments 6,246 6,187
Net cash from operating activities 20,760 18,466
Cash flows from investing activities:    
Proceeds from sale of securities available for sale 16,811 6,929
Proceeds from maturities, calls and principal paydowns of securities available for sale 14,109 19,700
Purchases of securities available for sale (52,763) (26,969)
Purchase of life insurance (446) (179)
Net increase in total loans (61,496) (32,730)
Purchases of land, premises and equipment (2,285) (2,927)
Proceeds from sales of other real estate 42 0
Net cash from investing activities (86,028) (36,176)
Cash flows from financing activities:    
Net increase in total deposits 101,485 67,314
Net decrease in short-term borrowings (85,269) (45,118)
Payments on long-term borrowings (2) (2)
Common dividends paid (4,771) (4,079)
Payments related to equity incentive plans (1,652) (143)
Purchase of treasury stock (220) (198)
Net cash from financing activities 9,571 17,774
Net change in cash and cash equivalents (55,697) 64
Cash and cash equivalents at beginning of the period 167,280 80,674
Cash and cash equivalents at end of the period 111,583 80,738
Cash paid during the period for:    
Interest 5,841 4,188
Income taxes 4 0
Supplemental non-cash disclosures:    
Loans transferred to other real estate owned 0 33
Securities purchases payable $ 2,073 $ 0