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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities    
Net income $ 13,813 $ 13,234
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,600 3,000
Gains on sales of loans (647) (2,394)
Proceeds from sales of loans 22,080 71,205
Loans originated for sale (20,028) (65,996)
Net gains on sales of other real estate and repossessed assets (379) (235)
Depreciation of premises and equipment 2,119 2,177
Amortization of intangible assets 695 1,001
Gain on sale of investment securities 0 (847)
Net amortization of premiums and discounts on investment securities 1,093 863
Share-based compensation expense 554 629
Contributions to defined benefit pension plan 0 (15,000)
Net (increase) decrease in interest receivable and other assets (1,319) 7,154
Net increase (decrease) in interest payable and other liabilities 1,239 (7,837)
Net cash provided by operating activities 20,820 6,954
Investment securities – available-for-sale:    
Proceeds from sales 0 33,028
Proceeds from maturities, calls and principal reductions 28,426 41,165
Purchases 0 (191,165)
Investment securities – held-to-maturity:    
Proceeds from maturities, calls and principal reductions 31,798 7,111
Purchases (36,309) (34,940)
Net increase in loans (109,965) (24,374)
Proceeds from sales of other real estate and repossessed assets 2,197 2,701
Purchases of premises and equipment and branch bank property, net of disposals (1,590) (602)
Net cash used in investing activities (85,443) (167,076)
Financing Activities    
Net increase in interest- and noninterest-bearing demand deposits and savings accounts 78,246 125,946
Net increase (decrease) in time deposits 30,662 (40,031)
Net increase in short-term borrowings 33,803 37,021
Repayment of FHLB advances 0 (34,289)
Cash dividends paid (6,881) (5,791)
Proceeds from directors’ stock plans and exercise of stock options, net of shares withheld 867 229
Cash paid for payroll taxes upon conversion of restricted stock units (477) (372)
Net cash provided by financing activities 136,220 82,713
Net increase (decrease) in cash and cash equivalents 71,597 (77,409)
Cash and cash equivalents at beginning of period 310,788 656,135
Cash and cash equivalents at end of period 382,385 578,726
Supplemental Disclosure of Cash Flow Information:    
Interest paid 3,858 4,890
Loans transferred to other real estate and repossessed assets 2,098 2,191
Closed branch offices transferred to other real estate 0 382
Federal income taxes paid (refunded) $ 0 $ (3,500)