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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 59,745 $ 64,849
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 4,477 4,428
Provision for loan losses 13,850 2,985
Amortization of loan servicing rights 563 368
Net change in loan servicing rights valuation allowance 628 0
Loans originated for sale, including participations (93,805) (43,510)
Net gain on sales of loans (3,286) (1,312)
Proceeds from sale of loans, including participations 90,568 39,013
Net (gain) loss on sales of premises and equipment 82 (2)
Net gain on sales and calls of securities available-for-sale (363) (94)
Net securities amortization 3,021 2,917
Stock based compensation expense 822 3,626
Earnings on life insurance (1,476) (1,246)
Gain on life insurance (576) (841)
Tax benefit of stock award issuances (71) (529)
Net change:    
Interest receivable and other assets (3,987) (5,416)
Interest payable and other liabilities (8,927) 6,638
Total adjustments 1,520 7,025
Net cash from operating activities 61,265 71,874
Cash flows from investing activities:    
Proceeds from sale of securities available-for-sale 6,413 38,544
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 69,259 50,959
Purchases of securities available-for-sale (89,934) (91,704)
Purchase of life insurance (361) (5,492)
Net increase in total loans (527,886) (109,286)
Proceeds from sales of land, premises and equipment 651 14
Purchases of land, premises and equipment (5,154) (5,974)
Proceeds from life insurance 1,285 1,483
Net cash from investing activities (545,727) (121,456)
Cash flows from financing activities:    
Net increase in total deposits 634,135 239,325
Net increase in short-term borrowings 10,500 (75,555)
Payments on short-term FHLB borrowings (170,000) (170,000)
Proceeds from long-term FHLB borrowings 75,000 0
Common dividends paid (22,938) (21,952)
Preferred dividends paid (13) (13)
Payments related to equity incentive plans (2,030) (2,109)
Purchase of treasury stock (10,492) (461)
Net cash from financing activities 514,162 (30,765)
Net change in cash and cash equivalents 29,700 (80,347)
Cash and cash equivalents at beginning of the period 99,381 216,922
Cash and cash equivalents at end of the period 129,081 136,575
Cash paid during the period for:    
Interest 30,255 45,066
Income taxes 14,380 14,825
Supplemental non-cash disclosures:    
Loans transferred to other real estate owned 35 0
Securities purchases payable 7,712 4,892
Right-of-use assets obtained in exchange for lease liabilities $ 0 $ 5,483