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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net income $ 59,682 $ 54,107
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 13,084 16,274
Depreciation and amortization of premises and equipment 4,732 4,644
Net amortization on securities 1,619 2,133
Amortization of intangible assets 1,861 2,010
Amortization of operating lease right-of-use assets 3,590 0
Excess tax benefit on stock-based compensation (311) (447)
Stock-based compensation expense 3,140 2,954
Bank owned life insurance income (2,563) (2,564)
Proceeds from sale of loans held for sale 65,099 49,572
Originations of loans held for sale (73,562) (49,243)
Net gains on sale of loans held for sale (256) (87)
Net security losses (gains) 12 (163)
Net gains on sale of other real estate owned (155) (190)
Net change in other assets and other liabilities (14,151) (21,825)
Net cash provided by operating activities 61,821 57,175
Investing activities    
Net cash used in acquisitions 0 (7,884)
Securities available for sale:    
Proceeds from maturities, calls and principal paydowns 136,764 124,873
Proceeds from sales 26,203 0
Purchases (120,812) (98,502)
Securities held to maturity:    
Proceeds from maturities, calls and principal paydowns 88,299 45,332
Purchases (49,482) (105,531)
Equity securities:    
Proceeds from sales 0 2,623
Purchases (34) 0
Other:    
Net increase in loans (89,334) (288,768)
Proceeds from Federal Home Loan Bank stock redemption 98,869 123,642
Purchases of Federal Reserve and Federal Home Loan Bank stock (91,636) (131,159)
Purchases of premises and equipment, net (2,582) (2,037)
Proceeds from sales of other real estate owned 739 1,282
Net cash used in investing activities (3,006) (336,129)
Financing activities    
Net increase in deposits 225,495 173,813
Net (decrease) increase in short-term borrowings (262,330) 134,874
Proceeds from issuance of long-term debt 10,598 25,000
Repayments of long-term debt (55) (40,091)
Proceeds from the issuance of shares to employee and other stock plans 172 881
Cash paid by employer for tax-withholdings on stock issuance (1,440) (1,735)
Cash dividends (22,778) (20,969)
Net cash (used in) provided by financing activities (50,338) 271,773
Net increase (decrease) in cash and cash equivalents 8,477 (7,181)
Cash and cash equivalents at beginning of period 180,955 159,664
Cash and cash equivalents at end of period 189,432 152,483
Cash paid during the period for:    
Interest expense 27,596 15,672
Income taxes paid, net of refund 13,074 22,890
Noncash investing activities:    
Loans transferred to other real estate owned 346 912
Acquisitions:    
Fair value of assets acquired $ 0 $ 6,274