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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income $ 112,566 $ 82,151 $ 78,409
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for loan losses 28,828 30,988 25,431
Depreciation and amortization of premises and equipment 9,280 9,056 9,023
Net amortization on securities 4,007 4,786 5,278
Amortization of intangible assets 4,042 3,960 3,928
Excess tax (benefit) on stock-based compensation (543) (1,769) (1,055)
Stock-based compensation expense 3,936 3,644 4,378
Bank owned life insurance income (5,091) (5,175) (5,195)
Trading security purchases 0 (1,586) (287)
Net unrealized losses on trading securities 0 (623) (594)
Proceeds from sales of loans held for sale 102,547 111,284 96,603
Originations and purchases of loans held for sale (108,070) (111,206) (96,692)
Net gains on sales of loans held for sale (286) (349) (499)
Net security losses (gains) 6,341 (1,867) 644
Net gains on sales and write-down of other real estate owned (230) (221) (687)
Gain on sale of equity investment 0 (818) 0
Impairment write-down of equity security 0 1,312 0
Impairment write-down of goodwill and intangible assets 0 1,530 2,565
Gain on asset sold 0 0 (2,462)
Re-evaluation of deferred tax amounts from Tax Act 0 4,407 0
Net change in other assets and other liabilities (9,554) 7,400 (8,223)
Net cash provided by operating activities 147,773 136,904 110,565
Investing activities      
Net cash used in acquisitions (7,884) (4,000) (2,000)
Securities available for sale:      
Proceeds from maturities, calls and principal paydowns 259,446 290,613 324,781
Proceeds from sales 101,315 14,788 98,466
Purchases (132,448) (233,804) (597,428)
Securities held to maturity:      
Proceeds from maturities, calls and principal paydowns 100,738 103,759 100,893
Proceeds from sales 0 764 0
Purchases (400,602) (60,706) (157,418)
Equity securities:      
Proceeds from sales 3,318 0 0
Purchases (2) 0 0
Other:      
Net increase in loans (331,166) (419,114) (344,448)
Proceeds from Federal Home Loan Bank stock redemption 246,844 248,887 158,818
Purchases of Federal Home Loan Bank stock (253,367) (248,560) (169,178)
Proceeds from settlement of bank owned life insurance 0 799 1,477
Purchase of bank owned life insurance 0 0 (47,250)
Purchases of premises and equipment, net (7,402) (6,691) (3,308)
Proceeds from sale of equity investment 0 818 0
Proceeds from the sales of other real estate owned 3,591 7,254 6,635
Net cash provided by (used in) investing activities (417,619) (305,193) (629,960)
Financing activities      
Net increase in deposits 197,575 196,948 368,845
Net increase in short-term borrowings 152,573 37,419 239,222
Proceeds from issuance of long-term debt 25,000 25,000 23,880
Repayments of long-term debt (40,145) (40,218) (50,240)
Proceeds from the issuance of shares to employee and other stock plans 1,296 3,309 6,032
Cash paid by employer for tax-withholdings on stock issuance (1,893) (3,582) (3,387)
Purchase of treasury stock 0 0 (17,193)
Cash dividends (43,269) (40,104) (38,880)
Net cash (used in) financing activities 291,137 178,772 528,279
Net (decrease) increase in cash and cash equivalents 21,291 10,483 8,884
Cash and cash equivalents at beginning of year 159,664 149,181 140,297
Cash and cash equivalents at end of year 180,955 159,664 149,181
Cash paid during the period for:      
Interest expense 36,691 25,887 22,466
Income taxes paid, net of refund 31,898 33,675 40,879
Noncash investing activities:      
Loans transferred to other real estate owned 1,273 5,981 6,863
Acquisitions:      
Fair value of assets acquired $ 6,274 $ 3,096 $ 2,584