XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses $ 876 $ 910
Amortization of investment securities, net 2,230 1,674
Provision for depreciation 2,121 2,049
Amortization of investment securities, net 258 16
Amortization of prepayment penalty of long-term debt 1,559 1,531
Loan originations to be sold in secondary market (42,370) (40,285)
Proceeds from sale of loans in secondary market 46,848 36,835
Share-based compensation expense 826 468
OREO valuation adjustments 73 118
Gain on sale of OREO, net (100) (134)
Bank owned life insurance income (1,103) (1,197)
Changes in assets and liabilities:    
Increase in other assets (7,519) (7,018)
Decrease in other liabilities (63) (8)
Net cash provided by operating activities 23,116 12,884
Proceeds from maturity of:    
Available-for-sale securities 40,382 341,879
Held-to-maturity securities 5,990 4,984
Purchases of:    
Available-for-sale securities 0 (259,756)
Payments to Acquire Held-to-maturity Securities (30,943) (9,885)
Net loan originations, portfolio loans (46,115) 10,476
Investments in qualified affordable housing projects 0 (2,847)
Proceeds from the sale of OREO 674 1,387
Life insurance death benefits 74 765
Purchases of premises and equipment, net (1,379) (1,581)
Net cash (used in) provided by investing activities (31,317) 85,422
Financing activities:    
Net increase in deposits 398,604 259,148
Net decrease in short-term borrowings (174,932) (174,599)
Proceeds from issuance of long-term debt 50,000 0
Payments Related to Tax Withholding for Share-based Compensation (347) 0
Repurchase of common shares to be held as treasury shares (5,425) 0
Cash dividends paid (14,373) (14,411)
Net cash provided by financing activities 253,527 70,138
Increase in cash and cash equivalents 245,326 168,444
Cash and cash equivalents at beginning of year 146,446 149,459
Cash and cash equivalents at end of period 391,772 317,903
Supplemental disclosures of cash flow information:    
Cash paid for interest 9,765 9,454
Cash paid for income taxes 7,500 0
Non cash activities:    
Loans transferred to OREO 448 439
Securities acquired through payable 0 17,156
Mortgage Loans on Real Estate [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of loans in secondary market $ 787 $ 761