XML 21 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flow
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 86,439 $ 70,674 $ 66,170
Adjustments to reconcile to net cash provided by operating activities:      
Provision for loan losses 8,512 11,519 7,675
Depreciation and amortization 11,791 12,383 11,901
Net amortization of securities premiums and discounts (148) 128 1,020
Realized securities (gains) losses (4,060) 59 (9,269)
Gain on sales of loans (2,921) (2,825) (1,968)
Cash receipts from the sale of loans originated for sale 211,569 189,620 171,723
Cash disbursements for loans originated for sale (205,574) (182,425) (174,047)
Deferred income tax provision (benefit) 4,383 (2,048) (1,903)
Loss/(gain) on other assets 46 (1,252) (65)
Increase in interest receivable (3,284) (1,497) (991)
Increase/(decrease) in interest payable 366 69 (105)
Amortization of stock-based compensation arrangements 1,180 1,636 1,717
Excess tax benefit from stock-based compensation arrangements (2,601)    
Other, net (1,173) (5,500) 6,301
Net cash provided by operating activities 104,525 90,541 78,159
INVESTING ACTIVITIES      
Net cash and due from banks paid for acquisitions     (4,007)
Net (increase)/decrease in federal funds sold   (700) 13,256
Purchases of held for investment securities (220) (838) (1,771)
Purchases of available for sale securities (85,777) (224,655) (91,136)
Proceeds from maturities, calls and paydowns of held for investment securities 2,293 5,260 2,103
Proceeds from maturities, calls and paydowns of available for sale securities 79,063 300,345 55,689
Proceeds from sales of available for sale securities 5,412 481 10,850
Net change in loans (331,362) (176,594) (243,976)
Purchases of premises, equipment and computer software (18,007) (10,835) (11,263)
Proceeds from the sale of other real estate owned and other assets 4,038 9,519 4,957
Net cash used in investing activities (344,560) (98,017) (265,298)
FINANCING ACTIVITIES      
Net change in deposits 166,988 274,699 (106,422)
Net change in short-term borrowings 400   (3,482)
Issuance of common stock, net 4,844 13,354 4,428
Common stock acquired   (5,523) (1,654)
Cash dividends paid (24,783) (22,770) (21,449)
Net cash provided by (used in) financing activities 147,449 259,760 (128,579)
Net (decrease)/increase in cash, due from banks and interest-bearing deposits (92,586) 252,284 (315,718)
Cash, due from banks and interest-bearing deposits at the beginning of the period 1,850,461 1,598,177 1,913,895
Cash, due from banks and interest-bearing deposits at the end of the period 1,757,875 1,850,461 1,598,177
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Cash paid during the period for interest 20,563 14,673 12,255
Cash paid during the period for income taxes 41,058 32,700 33,531
Noncash investing and financing activities:      
Unpaid common stock dividends declared $ 6,693 $ 5,969 $ 5,615