XML 20 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 25,986 $ 20,279
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 7,496 7,379
Depreciation and amortization of premises and equipment 2,327 2,249
Net amortization on securities 1,081 1,267
Amortization of intangible assets 914 967
Excess tax (benefit) on stock-based compensation (407) (1,472)
Stock-based compensation expense 2,454 2,166
Bank owned life insurance income (1,347) (1,411)
Trading security purchases 0 (1,277)
Net unrealized losses in trading securities 0 491
Proceeds from sales of loans held for sale 23,977 24,896
Originations and purchases of loans held for sale (24,188) (27,622)
Net gains on sales of loans held for sale (57) (46)
Net security (gains) (72) 0
Net (gain) loss on sales and write-down of other real estate owned (174) 157
Impairment write-down of equity security 0 1,312
Net (increase) decrease in other assets (7,272) 3,539
Net increase (decrease) in other liabilities 9,333 (5,145)
Net cash provided by operating activities 40,051 27,729
Securities available for sale:    
Proceeds from maturities, calls and principal paydowns 51,122 78,038
Proceeds from sales 0 1,000
Purchases (91,520) (110,330)
Securities held to maturity:    
Proceeds from maturities, calls and principal paydowns 18,242 19,914
Purchases (21,333) (5,943)
Equity securities:    
Proceeds from sales 2,623 0
Other:    
Net increase in loans (69,659) (82,299)
Proceeds from Federal Home Loan Bank stock redemption 71,081 56,521
Purchases of Federal Reserve and Federal Home Loan Bank stock (68,153) (52,065)
Purchases of premises and equipment, net (1,186) (1,269)
Proceeds from the sales of other real estate owned 534 2,430
Net cash (used in) investing activities (108,249) (94,003)
Financing activities    
Net increase in deposits 223,292 211,363
Net (decrease) in short-term borrowings (133,111) (141,460)
Proceeds from issuance of long-term debt 25,000 0
Repayments of long-term debt (25,045) (64)
Proceeds from the issuance of shares to employee benefit plans and other stock plans 672 1,983
Cash paid by employer for tax-withholding on stock issuance (1,729) (2,813)
Cash dividends (20,966) (10,020)
Net cash provided by financing activities 68,113 58,989
Net (decrease) in cash and cash equivalents (85) (7,285)
Cash and cash equivalents at beginning of period 159,664 149,181
Cash and cash equivalents at end of period 159,579 141,896
Cash paid during the year for:    
Interest expense 7,677 6,363
Income taxes paid, net of refund 3,199 1,019
Noncash investing activities:    
Loans transferred to other real estate owned $ 780 $ 3,946