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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 12,529 $ 12,582
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 1,156 2,215
Depreciation of premises and equipment 1,903 1,937
Net gain on sales of investment securities (457) (272)
Net gain on mortgage banking activities (2,929) (2,625)
Bank owned life insurance income (1,005) (564)
Net accretion of acquisition accounting fair value adjustments (303) (1,316)
Stock-based compensation 944 813
Intangible expenses 1,766 1,679
Other adjustments to reconcile net income to cash provided by operating activities 800 321
Deferred tax expense 1,619 3,537
Originations of loans held for sale (104,668) (104,072)
Proceeds from the sale of loans held for sale 106,685 104,782
Contributions to pension and other postretirement benefit plans (121) (2,145)
Increase in accrued interest receivable and other assets (11,532) (3,075)
Increase in accrued interest payable and other liabilities 1,784 770
Net cash provided by operating activities 8,171 14,567
Cash flows from investing activities:    
Net cash paid due to acquisitions 0 (2,967)
Payment advanced for merger settlement (98,885) 0
Net capital expenditures (4,195) (2,254)
Proceeds from maturities and calls of securities held-to-maturity 8,000 11,000
Proceeds from maturities and calls of securities available-for-sale 54,156 41,169
Proceeds from sales of securities available-for-sale 73,991 37,546
Purchases of investment securities available-for-sale (48,647) (85,107)
Net increase in loans and leases (169,417) (106,375)
Net decrease (increase) in interest-earning deposits 20,157 8,626
Net (increase) decrease in federal funds sold (48,500) 17,442
Net cash used in investing activities (213,340) (80,920)
Cash flows from financing activities:    
Net (decrease) increase in deposits (17,162) 16,062
Net increase in short-term borrowings 235,752 19,202
Proceeds from issuance of subordinated notes 0 49,267
Payment of contingent consideration on acquisitions (1,160) (880)
Purchases of treasury stock (2,051) (11,310)
Stock issued under dividend reinvestment and employee stock purchase plans and other employee benefit programs 1,231 1,250
Proceeds from exercise of stock options, including excess tax benefits 414 289
Cash dividends paid (7,807) (7,220)
Net cash provided by financing activities 209,217 66,660
Net increase in cash and due from banks 4,048 307
Cash and due from banks at beginning of year 32,356 31,995
Cash and due from banks at end of period 36,404 32,302
Supplemental disclosures of cash flow information:    
Cash paid for interest 5,033 3,152
Cash paid for income taxes, net of refunds 4,348 49
Non cash transactions:    
Transfer of loans to other real estate owned 1,952 0
Transfer of loans to loans held for sale 0 4,000
Assets acquired through acquisitions 0 425,311
Liabilities assumed through acquisitions 0 389,782
Contingent consideration recorded as goodwill $ 0 $ 1,525