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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 88,574 $ 71,932 $ 42,470
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of premises and equipment 8,363 8,706 6,303
Allocation of ESOP stock 1,575 1,618 919
Stock awards 3,861 3,038 2,181
Net excess tax benefit on stock compensation (357) (722) (1,823)
Amortization of core deposit intangible 4,027 3,811 2,039
Net accretion of purchase accounting adjustments (14,094) (16,733) (8,216)
Amortization of servicing asset 42 98 85
Net premium amortization in excess of discount accretion on securities 3,232 3,893 3,216
Net amortization of deferred costs on borrowings 216 262 74
Net amortization of deferred fees and discounts on loans 1,584 669 509
Provision for loan losses 1,636 3,490 4,445
Deferred tax provision (benefit) 16,053 (4,568) 35,440
Net loss on sale and write-down of other real estate owned 20 2,359 1,119
Write-down of fixed assets held for sale to net realizable value 7,532 4,024 6,084
Net (gain) loss on sale of fixed assets (27) (26) 150
Net unrealized (gain) loss on equity securities (267) 199 0
Net gain on sales of loans (16) (668) (100)
Proceeds from sales of mortgage loans held for sale 1,023 2,794 5,282
Mortgage loans originated for sale (1,007) (2,498) (3,872)
Increase in value of Bank Owned Life Insurance (5,420) (5,105) (3,299)
Net loss (gain) on sale of assets held for sale 17 (1,245) 0
(Increase) decrease in interest and dividends receivable (397) 186 (2,265)
(Increase) decrease in other assets (32,871) 27,301 (5,375)
Increase (decrease) in other liabilities 16,948 (10,264) (5,235)
Total adjustments 11,673 20,619 37,661
Net cash provided by operating activities 100,247 92,551 80,131
Cash flows from investing activities:      
Net (increase) decrease in loans receivable (215,881) 103,889 (138,271)
Purchases of loans receivable (101,674) (199,580) (37,337)
Proceeds from sale of under performing loans 5,901 10,412 11,186
Purchase of debt investment securities available-for-sale (60,158) (33,040) (69,987)
Purchase of debt investment securities held-to-maturity (4,381) (6,486) (125,324)
Purchase of debt mortgage-backed securities held-to-maturity 0 0 (165,501)
Purchase of equity investments (214) (191) 0
Principal repayments on debt mortgage-backed securities available-for-sale 503 655 0
Proceeds from maturities and calls of debt investment securities available-for-sale 29,299 18,501 0
Proceeds from maturities and calls of debt investment securities held-to-maturity 43,256 52,543 18,233
Principal repayments on debt mortgage-backed securities held-to-maturity 123,833 119,125 96,383
Proceeds from Bank Owned Life Insurance 870 2,708 624
Proceeds from the redemption of restricted equity investments 122,535 106,807 19,738
Purchases of restricted equity investments (127,794) (127,048) (20,149)
Proceeds from sales of other real estate owned 2,060 5,438 3,880
Proceeds from sales of assets held for sale 2,353 10,050 0
Purchases of premises and equipment (5,075) (11,487) (48,698)
Cash held in escrow for acquisitions (46,950)    
Cash consideration received (paid) for acquisition, net of cash received 59,395 (3,743)  
Net cash (used in) provided by investing activities (172,122) 48,553 (455,223)
Cash flows from financing activities:      
Increase (decrease) in deposits 65,687 (143,025) 155,849
Increase in short-term borrowings 105,979 126,092 39,733
Proceeds from Federal Home Loan Bank advances 80,000 0 10,000
Repayments of Federal Home Loan Bank advances (106,618) (67,155) (1,922)
Repayments of other borrowings (263) (439)  
(Decrease) increase in advances by borrowers for taxes and insurance (182) 2,910 (2,874)
Exercise of stock options 1,335 5,324 3,354
Payment of employee taxes withheld from stock awards (2,858) (3,295) (1,522)
Purchase of treasury stock (26,066) (10,837) 0
Acquisition of common stock by ESOP 0 (8,400) 0
Dividends paid (34,241) (29,564) (19,286)
Net cash provided by (used in) financing activities 82,773 (128,389) 183,332
Net increase (decrease) in cash and due from banks and restricted cash 10,898 12,715 (191,760)
Supplemental disclosure of cash flow information:      
Cash and due from banks and restricted cash at beginning of year 122,328 109,613 301,373
Cash and due from banks at beginning of year 120,792 109,613 301,373
Restricted cash at beginning of year 1,536 0 0
Cash and due from banks at end of year 120,544 120,792 109,613
Restricted cash at end of year 12,682 1,536 0
Cash and due from banks and restricted cash at end of year 133,226 122,328 109,613
Cash paid during the year for:      
Interest 52,315 36,447 20,219
Income taxes 20,006 2,317 6,008
Non cash Activities      
Accretion of unrealized loss on securities reclassified to held-to-maturity 991 2,905 1,145
Net loan charge-offs 1,361 2,634 3,907
Transfer of premises and equipment to assets held-for-sale 2,189 11,092 5,729
Transfer of loans receivable to other real estate owned 963 992 3,726
Non-cash assets acquired:      
Securities 103,775 254,522 0
Restricted equity investments 313 16,967 0
Loans 307,778 1,517,345 0
Premises and equipment 3,389 19,892 0
Accrued interest receivable 1,390 5,621 0
Bank Owned Life Insurance 10,460 85,238 0
Deferred tax asset 3,967 57,574 0
Other assets 1,278 6,343 0
Goodwill and other intangible assets, net 38,875 199,838 0
Total non-cash assets acquired 471,225 2,163,340 0
Liabilities assumed:      
Deposits 449,018 1,616,073 0
Borrowings 0 127,727 0
Other liabilities 5,121 13,242 0
Total liabilities assumed $ 454,139 $ 1,757,042 $ 0