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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income available to common shareholders $ 47,249 $ 44,370
Adjustments to reconcile net income to net cash provided by operating activities:    
(Accretion) and amortization, net 873 557
Provision for (recovery of) credit losses 9,222 (1,449)
Depreciation of premises and equipment 2,772 2,467
Deferred income tax expense 2,323 2,134
Net periodic employee benefit cost 362 386
Unrealized and realized investment securities losses (gains), net 2,103 (297)
Stock-compensation expense 1,702 1,374
Excess tax benefit from stock-compensation expense (137) (433)
Increase in value of bank-owned life insurance (2,523) (2,148)
Loans originated for sale (9,372) (9,915)
Proceeds from the sale of loans originated for sale 9,854 10,584
Gain on sale of loans (177) (284)
Payments for Other Operating Activities (450) 0
Change in accrued interest receivable (2,631) (295)
Change in other assets (9,515) (1,231)
Change in other liabilities 16,334 2,600
Net Cash Provided by Operating Activities 67,989 48,420
Investing Activities    
Net (increase) decrease in loans (46,146) 68,403
Purchases (232,478) (113,412)
Proceeds from sales 28,548 31,597
Proceeds from maturities and calls 51,246 31,982
Securities Held-to-maturity: Proceeds from maturities and calls 0 7,427
Other investments: Purchases (2,132) (9,365)
Other investments: Proceeds from sales 2,282 11,857
Purchases of premises and equipment (3,798) (3,017)
Proceeds from bank-owned life insurance policies 1,513 2,211
Sale of Virginia Beach branch, net 0 (24,661)
Other investing activities (142) (3,414)
Net Cash Used in Investing Activities (201,107) (392)
Financing Activities    
Net increase in non-interest-bearing deposits 274,382 19,696
Net increase in interest-bearing deposits 61,150 62,574
Net increase (decrease) in short-term borrowings 71,421 (54,878)
Repayment of long-term debt 4,124 0
Purchases of treasury stock (17,864) (12,109)
Proceeds from exercise of stock options 189 365
Dividends paid (18,492) (17,510)
Other financing activities (434) (438)
Net Cash Provided by (Used in) Financing Activities 366,228 (2,300)
Increase in Cash and Cash Equivalents 233,110 45,728
Cash and cash equivalents at beginning of period 140,144 122,991
Cash and Cash Equivalents at End of Period 373,254 168,719
Supplemental Cash Flow Information [Abstract]    
Cash paid for interest 14,878 18,333
Cash paid for income taxes $ 2,400 $ 7,025