XML 171 R149.htm IDEA: XBRL DOCUMENT v3.6.0.2
Parent Company Only Financial Statements (Statements of Cash Flows) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities                      
Net Income $ 47,168 $ 11,484 $ 25,775 $ 23,605 $ 25,504 $ 24,467 $ 19,024 $ 17,835 $ 108,032 $ 86,830 $ 62,121
Share-based compensation expense                 13,452 3,478 2,931
Depreciation                 13,270 11,028 8,980
Net cash from operating activities                 280,578 103,049 90,225
Cash Flows From Investing Activities                      
Net cash acquired (paid) in business combinations                 325,714 16,551 (14,260)
Purchases of premises and equipment, net                 (18,098) (8,527) (13,411)
Net cash used in investing activities                 (542,946) (408,784) (479,049)
Cash Flows From Financing Activities                      
Cash dividends paid                 (49,389) (36,918) (29,528)
Proceeds from issuance of common stock, net of issuance costs                 0 0 76,175
Repayments of other borrowings                 (351,018) (6,000) (10,310)
Proceeds from issuance of other borrowings                 375,000 125,000 0
Proceeds from directors' stock purchase plan and exercise of stock options                 1,572 2,473 1,242
Cash paid for payroll taxes upon conversion of restricted stock units                 (1,065) (571) (701)
Net cash from financing activities                 497,981 361,504 261,056
Net increase (decrease) in cash and cash equivalents                 235,613 55,769 (127,768)
Cash and cash equivalents at beginning of year       238,789       183,020 238,789 183,020 310,788
Cash and cash equivalents at end of year 474,402       238,789       474,402 238,789 183,020
Business combinations:                      
Fair value of tangible assets acquired (noncash)                 6,371,781 1,282,420 747,181
Liabilities assumed                 6,100,901 1,258,051 815,011
Common stock and stock options issued                 1,504,811 159,904 0
Chemical Financial Corporation                      
Cash Flows From Operating Activities                      
Net Income                 108,032 86,830 62,121
Share-based compensation expense                 13,452 3,478 2,931
Depreciation                 355 318 327
Equity in undistributed net income of subsidiaries                 (18,458) (35,799) (2,498)
Net decrease in other assets                 9,752 2,873 1,101
Net decrease in other liabilities                 (11,830) (19,033) (2,519)
Net cash from operating activities                 101,303 38,667 61,463
Cash Flows From Investing Activities                      
Net cash acquired (paid) in business combinations                 (107,622) (45,267) (117,853)
Purchases of premises and equipment, net                 (774) (320) (26)
Net cash used in investing activities                 (108,396) (45,587) (117,879)
Cash Flows From Financing Activities                      
Cash dividends paid                 (49,389) (36,918) (29,528)
Proceeds from issuance of common stock, net of issuance costs                 0 0 76,175
Repayment of subordinated debt obligations                 (18,558) 0 (10,310)
Repayments of other borrowings                 (62,500) 0 0
Proceeds from issuance of other borrowings                 125,000 25,000 0
Proceeds from directors' stock purchase plan and exercise of stock options                 1,572 2,473 1,242
Cash paid for payroll taxes upon conversion of restricted stock units                 (1,065) (571) (701)
Net cash from financing activities                 (4,940) (10,016) 36,878
Net increase (decrease) in cash and cash equivalents                 (12,033) (16,936) (19,538)
Cash and cash equivalents at beginning of year       $ 28,884       $ 45,820 28,884 45,820 65,358
Cash and cash equivalents at end of year $ 16,851       $ 28,884       16,851 28,884 45,820
Business combinations:                      
Fair value of tangible assets acquired (noncash)                 46,898 10,304 1,537
Liabilities assumed                 58,309 42,019 13,010
Common stock and stock options issued                 $ 1,504,811 $ 159,904 $ 0