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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net income $ 103,812 $ 91,230 $ 91,353
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 14,398 13,132 13,082
Amortization of intangible assets 5,479 3,663 4,287
Net (accretion)/amortization on securities, loans and borrowings (4,405) (3,289) (3,533)
Stock-based compensation 4,783 4,201 3,993
Provision for loan losses 8,076 6,447 7,178
Provision for deferred income taxes 13,066 10,716 7,461
Amortization of mortgage servicing rights 518 409 444
Income from bank-owned life insurance policies (1,505) (1,086) (1,037)
Loss on sales of investment securities, net 0 4 0
Net gain on sale of loans and other assets (837) (180) (154)
Change in other assets and liabilities (12,124) (8,784) (970)
Net cash provided by operating activities 131,261 116,463 122,104
Investing activities:      
Proceeds from sales of available-for-sale investment securities 0 221,136 0
Proceeds from maturities of available-for-sale investment securities 109,638 169,562 137,282
Proceeds from maturities of other securities 8,703 1,790 13
Purchases of available-for-sale investment securities (65,966) (503,000) (310,517)
Purchases of other securities (4,612) 0 (7,500)
Net change in loans (159,871) (176,754) (137,207)
Cash received/(paid) for acquisitions, net of cash acquired of $0, $81,772, and $0, respectively (575) 25,505 (924)
Settlement of bank-owned life insurance policies 3,127 0 1,097
Purchases of premises and equipment, net (12,442) (12,400) (13,376)
Net cash (used in) provided by investing activities (121,998) (274,161) (331,132)
Financing activities:      
Net increase in deposits 202,480 238,969 39,220
Net change in borrowings, net of payments of $0, $0 and $13 (155,100) (36,700) 196,087
Issuance of common stock 10,543 9,774 9,417
Purchases of treasury stock (3,470) (9,126) (4,368)
Sale of treasury stock 8,888 16,571 1,531
Cash dividends paid (55,048) (49,273) (46,178)
Tax benefits from share-based payment arrangements 3,091 2,297 2,068
Net cash provided by (used in) financing activities 11,384 172,512 197,777
Change in cash and cash equivalents 20,647 14,814 (11,251)
Cash and cash equivalents at beginning of year 153,210 138,396 149,647
Cash and cash equivalents at end of year 173,857 153,210 138,396
Supplemental disclosures of cash flow information:      
Cash paid for interest 11,268 11,252 11,937
Cash paid for income taxes 32,239 28,891 29,457
Supplemental disclosures of noncash financing and investing activities:      
Dividends declared and unpaid 14,268 13,605 12,254
Transfers from loans to other real estate 2,612 3,943 2,546
Acquisitions:      
Common stock issued 0 102,202 0
Fair value of assets acquired, excluding acquired cash and intangibles 0 675,025 64
Fair value of liabilities assumed $ 0 $ 700,574 $ 0