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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 83,722 $ 73,631 $ 70,534
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of intangibles 13,714 11,133 8,776
Provision for loan losses 4,350 4,650 5,500
Deferred tax expense 326 3,666 5,531
Increase in cash surrender value of Bank-owned Life Insurance (5,345) (5,633) (6,596)
Net amortization of premiums and discounts on securities 10,613 10,461 12,942
Accretion of net deferred loan fees (4,624) (3,364) (3,877)
Amortization of premiums on purchased loans, net 1,100 694 1,286
Net increase in loans originated for sale (11,918) (12,609) (30,977)
Proceeds from sales of loans originated for sale 12,799 14,018 32,447
Proceeds from sales of foreclosed assets 4,443 6,494 13,686
ESOP expense 2,997 2,654 2,559
Allocation of stock award shares 4,625 6,359 4,869
Allocation of stock options 272 298 297
Net gain on sale of loans (881) (1,409) (1,470)
Net gain on securities transactions (654) (251) (996)
Impairment charge on securities 0 0 434
Net gain on sale of premises and equipment (4) (5) (42)
Net gain on sale of foreclosed assets (592) (516) (403)
(Increase) decrease in accrued interest receivable (538) 787 1,046
(Increase) decrease in other assets (4,912) (10,660) 4,202
Increase in other liabilities 5,373 7,721 173
Net cash provided by operating activities 114,866 108,119 119,921
Cash flows from investing activities:      
Proceeds from maturities, calls and paydowns of investment securities held to maturity 37,271 41,057 97,974
Purchases of investment securities held to maturity (44,254) (73,397) (97,964)
Proceeds from sales of securities available for sale 14,005 25,033 14,834
Proceeds from maturities calls and paydowns of securities available for sale 212,095 207,531 351,472
Purchases of securities available for sale (129,720) (63,835) (303,334)
Net increase in Federal Home Loan Bank stock (8,392) (11,719) (20,527)
Net cash and cash equivalents (paid) received in acquisition (25,855) 68,650 0
BOLI benefits paid 776 0 0
Purchases of loans (95,283) (130,540) (34,766)
Net increase in loans (363,436) (129,240) (259,359)
Proceeds from sales of premises and equipment 19 1,903 35
Purchases of premises and equipment (5,909) (16,441) (7,709)
Net cash used in investing activities (408,683) (80,998) (259,344)
Cash flows from financing activities:      
Net increase (decrease) in deposits 131,464 (179,886) (226,504)
Increase (decrease) in mortgage escrow deposits 1,696 1,250 (666)
Purchase of treasury stock (1,988) (4,420) (5,899)
Cash dividends paid to stockholders (41,285) (36,118) (32,320)
Shares issued to dividend reinvestment plan 1,447 1,336 1,244
Stock options exercised 3,166 117 354
Proceeds from long-term borrowings 694,937 595,063 301,000
Payments on long-term borrowings (549,935) (289,757) (79,090)
Net increase (decrease) in short-term borrowings 52,779 (112,168) 178,705
Net cash provided by (used in) financing activities 292,281 (24,583) 136,824
Net (decrease) increase in cash and cash equivalents (1,536) 2,538 (2,599)
Cash and cash equivalents at beginning of period 103,762 101,224 103,823
Cash and cash equivalents at end of period 102,226 103,762 101,224
Cash paid during the period for:      
Interest on deposits and borrowings 41,663 39,952 36,727
Income taxes 40,620 25,776 29,119
Non cash investing activities:      
Transfer of loans receivable to foreclosed assets 10,074 5,382 6,602
Non-cash assets acquired:      
Investment securities available for sale 0 157,635 0
Loans 0 631,209 0
Bank-owned life insurance 0 22,319 0
Goodwill and other intangible assets, net 25,323 50,222 0
Other assets 1,270 33,939 0
Total non-cash assets acquired 26,593 895,324 0
Liabilities assumed:      
Deposits 0 769,936 0
Borrowings 0 112,835 0
Other Liabilities 400 (2,314) 0
Total liabilities assumed 400 880,457 0
Common stock issued for acquisitions $ 0 $ 83,517 $ 0