XML 17 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 21,992 $ 22,513
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 950 100
Depreciation of premises and equipment 1,790 1,715
Net amortization of premium and discount 977 777
Amortization of intangibles 645 311
Share-based compensation 1,109 1,156
Income from bank-owned life insurance (1,589) (982)
Net gains on loan sales and commissions on loans originated for others (4,938) (5,333)
Net gain on sale of portfolio loans (135) 0
Equity in earnings (losses) of unconsolidated subsidiaries 177 155
Proceeds from sales of loans 222,098 244,302
Loans originated for sale (217,682) (232,179)
(Increase) decrease in other assets (21,194) 627
Increase (decrease) in other liabilities 16,450 (4,288)
Net cash provided by operating activities 20,650 28,874
Cash flows from investing activities:    
Purchases of mortgage-backed securities available for sale (62,497) 0
Purchases of other investment securities available for sale (40,495) (30,228)
Maturities and principal payments of mortgage-backed securities available for sale 23,696 26,274
Maturities and principal payments of other investment securities available for sale 54,681 8,162
Maturities and principal payments of mortgage-backed securities held to maturity 2,008 2,573
Purchases of Federal Home Loan Bank stock (9,987) 0
Net increase in loans (53,972) (66,792)
Net Proceeds from sale of portfolio loans 510 0
Purchases of loans (17,079) (2,160)
Proceeds from the sale of property acquired through foreclosure or repossession 254 240
Purchases of premises and equipment (1,816) (2,344)
Proceeds from bank-owned life insurance 2,054 0
Net cash used in investing activities (102,643) (64,275)
Cash flows from financing activities:    
Net increase (decrease) in deposits (144,905) (15,699)
Proceeds from Federal Home Loan Bank advances 640,000 323,000
Repayment of Federal Home Loan Bank advances (378,963) (257,976)
Proceeds from stock option exercises and issuance of other equity instruments (26) 586
Tax benefit from stock option exercises and other equity instruments 286 467
Cash dividends paid (12,117) (11,234)
Net cash provided by financing activities 104,275 39,144
Net increase in cash and cash equivalents 22,282 3,743
Cash and cash equivalents at beginning of period 97,631 80,350
Cash and cash equivalents at end of period 119,913 84,093
Noncash Investing and Financing Activities:    
Loans charged off 2,335 676
Loans transferred to property acquired through foreclosure or repossession 1,045 491
Supplemental Disclosures:    
Interest payments 10,467 11,175
Income tax payments $ 9,872 $ 9,665