XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses $ 5,457 $ 3,547
Amortization of investment securities, net 4,604 3,504
Provision for depreciation 4,284 4,178
Amortization of investment securities, net 597 38
Amortization of prepayment penalty of long-term debt 3,107 3,069
Loan originations to be sold in secondary market (106,685) (110,666)
Proceeds from sale of loans in secondary market 107,046 108,009
Share-based compensation expense 1,389 792
OREO valuation adjustments 345 339
Gain on sale of OREO, net (153) (296)
Bank owned life insurance income (2,217) (2,246)
Changes in assets and liabilities:    
Increase in other assets (10,610) (7,074)
Decrease in other liabilities (4,394) (2,543)
Net cash provided by operating activities 40,006 37,173
Proceeds from maturity of:    
Available-for-sale securities 83,308 570,242
Held-to-maturity securities 9,371 11,155
Purchases of:    
Available-for-sale securities (14,965) (414,700)
Payments to Acquire Held-to-maturity Securities (72,258) (41,566)
Net loan originations, portfolio loans (94,207) (55,675)
Investments in qualified affordable housing projects 0 (4,316)
Proceeds from the sale of OREO 1,688 3,092
Life insurance death benefits 74 1,050
Purchases of premises and equipment, net (2,474) (3,929)
Net cash (used in) provided by investing activities (89,463) 65,353
Financing activities:    
Net increase in deposits 439,620 276,237
Net decrease in short-term borrowings (211,007) (183,511)
Proceeds from issuance of long-term debt 150,000 0
Repayments of Subordinated Debt (30,000) 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 (28,751) (28,822)
Net cash provided by financing activities 314,090 63,904
Increase in cash and cash equivalents 264,633 166,430
Cash and cash equivalents at beginning of year 146,446 149,459
Cash and cash equivalents at end of period 411,079 315,889
Supplemental disclosures of cash flow information:    
Cash paid for interest 20,258 19,017
Cash paid for income taxes 11,220 8,980
Non cash activities:    
Loans transferred to OREO 2,891 2,147
Securities acquired through payable 0 4,631
Affordable Housing Program Obligation, Period Increase (Decrease) 7,000 0
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 $ 2,063 $ 2,162