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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net income $ 41,946 $ 40,106
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,830 4,001
Amortization of intangible assets 4,130 4,798
Net accretion on securities, loans and borrowings (1,944) (2,214)
Stock-based compensation 1,391 1,715
Provision for loan losses 2,422 3,679
Amortization of mortgage servicing rights 98 117
Unrealized gain on equity securities (31) 0
Income from bank-owned life insurance policies (391) (388)
Net loss (gain) on sale of loans and other assets 22 (80)
Change in other assets and other liabilities (16,864) 9,253
Net cash provided by operating activities 34,609 60,987
Investing activities:    
Proceeds from maturities, calls, and paydowns of available-for-sale investment securities 52,520 27,363
Proceeds from maturities and redemptions of equity and other investment securities 2,460 4,960
Purchases of available-for-sale investment securities (13,388) (23,434)
Purchases of equity and other securities (24) (21)
Net decrease in loans 11,847 25,900
Cash paid for acquisitions, net of cash acquired of $0 and $16, respectively (1,200) (1,464)
Purchases of premises and equipment, net (1,227) (1,556)
Real estate limited partnership investments (564) (79)
Net cash provided by investing activities 50,424 31,669
Financing activities:    
Net increase in deposits 297,291 326,672
Net decrease in borrowings (63,910) (81,338)
Issuance of common stock (844) 570
Purchases of treasury stock (79) (81)
Sales of treasury stock 1,885 2,546
Increase in deferred compensation arrangements 79 81
Cash dividends paid (19,806) (17,281)
Withholding taxes paid on share-based compensation (3,119) (964)
Net cash provided by financing activities 211,497 230,205
Change in cash and cash equivalents 296,530 322,861
Cash and cash equivalents at beginning of period 211,834 221,038
Cash and cash equivalents at end of period 508,364 543,899
Supplemental disclosures of cash flow information:    
Cash paid for interest 5,684 3,757
Cash paid for income taxes 4,486 564
Supplemental disclosures of noncash financing and investing activities:    
Dividends declared and unpaid 19,578 17,438
Transfers from loans to other real estate 412 942
Acquisitions:    
Common stock issued 0 0
Fair value of assets acquired, excluding acquired cash and intangibles 0 27
Fair value of liabilities assumed $ 0 $ 31