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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income     $ 41,517 $ 29,804  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation     3,889 3,257  
Provision for loan/lease losses $ 2,012 $ 6,206 6,087 11,046  
Stock-based compensation expense     1,869 1,106  
Deferred compensation expense accrued     2,087 1,453  
Losses on other real estate owned, net     3,205 49  
Amortization of premiums on securities, net     1,339 1,201  
Securities losses, net     56    
Loans originated for sale     (104,824) (39,923)  
Proceeds on sales of loans     97,916 38,954  
Gains on sales of residential real estate loans (890) (337) (1,748) (539)  
Gains on sales of government guaranteed portions of loans (519) (46) (589) (405)  
Losses on debt extinguishment, net 148   148    
Gains on sales of premises and equipment     (67)    
Amortization of intangibles 560 542 1,706 1,151  
Accretion of acquisition fair value adjustments, net     (3,413) (2,951)  
Increase in cash value of bank-owned life insurance     (1,441) (1,292)  
Increase in other assets     (1,953) (8,293)  
Increase in other liabilities     336 2,254  
Net cash provided by operating activities     46,120 36,872  
CASH FLOWS FROM INVESTING ACTIVITIES          
Net decrease (increase) in federal funds sold     17,098 (2,873)  
Net decrease (increase) in interest-bearing deposits at financial institutions     (57,180) 22,099  
Proceeds from sales of other real estate owned     840 1,288  
Activity in securities portfolio:          
Purchases     (28,119) (66,420)  
Calls, maturities and redemptions     9,074 22,915  
Paydowns     36,649 36,279  
Sales     33,128 1,938  
Activity in restricted investment securities:          
Purchases     (5,682) (5,352)  
Redemptions     5,006 109  
Net increase in loans/leases originated and held for investment     (237,286) (208,738)  
Purchase of premises and equipment     (8,755) (7,112)  
Proceeds from sales of premises and equipment     146    
Net cash paid for acquisition       (3,747)  
Net cash (used in) investing activities     (235,081) (209,614)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net increase in deposit accounts     276,960 82,309  
Net decrease in short-term borrowings     (9,091) (2,207)  
Activity in Federal Home Loan Bank advances:          
Term advances     25,000    
Calls and maturities     (35,000) (27,000)  
Net change in short-term and overnight advances     (15,965) 120,330  
Prepayments (30,200)   (30,228)    
Activity in other borrowings:          
Proceeds from other borrowings       9,000  
Calls, maturities and scheduled principal payments     (11,937) (10,613)  
Prepayments     (46,313)    
Paydown of revolving line of credit     (9,000)    
Proceeds from subordinated notes     63,393    
Payment of cash dividends on common stock     (2,822) (2,362)  
Proceeds from issuance of common stock, net     1,143 970  
Net cash provided by financing activities     206,140 170,427  
Net increase (decrease) in cash and due from banks     17,179 (2,315)  
Cash and due from banks, beginning     85,523 75,722 $ 75,722
Cash and due from banks, ending 102,702 73,407 102,702 73,407 85,523
Cash and due from banks 91,671 73,407 91,671 73,407 $ 85,523
Cash included in assets held for sale $ 11,031   11,031    
Supplemental disclosure of cash flow information, cash payments (receipts) for:          
Interest     45,826 23,102  
Income/franchise taxes     769 1,100  
Supplemental schedule of noncash investing activities:          
Change in accumulated other comprehensive income, unrealized gains on securities available for sale and derivative instruments, net     5,130 (5,148)  
Exchange of shares of common stock in connection with payroll taxes for restricted stock and in connection with stock options exercised     (189) (662)  
Transfers of loans to other real estate owned     1,049 46  
Increase (decrease) in the fair value of back-to-back interest rate swap assets and liabilities     80,760 (2,441)  
Dividends payable     $ 944 938  
Transfer of equity securities from securities available for sale to other assets at fair value       2,614  
Fair value of assets acquired:          
Cash and due from banks   4,587   4,587  
Interest-bearing deposits at financial institutions   62,925   62,925  
Securities   4,845   4,845  
Loans receivable, net   477,337   477,337  
Bank-owned life insurance   7,092   7,092  
Premises and equipment, net   6,092   6,092  
Restricted investment securities   3,654   3,654  
Intangibles   8,209   8,209  
Other assets   988   988  
Total assets acquired   575,729   575,729  
Fair value of liabilities assumed:          
Deposits   439,580   439,580  
Short-term borrowings   1,144   1,144  
FHLB advances   73,610   73,610  
Other borrowings   9,544   9,544  
Other liabilities   8,408   8,408  
Total liabilities assumed   532,286   532,286  
Net assets acquired   $ 43,443   43,443  
Consideration paid:          
Cash paid       8,334  
Common stock       80,637  
Total consideration paid       88,971  
Goodwill       45,528  
Springfield Bancshares          
Consideration paid:          
Cash paid       $ 3,747