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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:    
Net income $ 39,271 $ 35,516
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization/accretion 9,852 12,594
Provision for loan losses 0 0
Net amortization of deferred loan fees (215) (112)
Increase in interest income receivable (673) (1,375)
(Increase) decrease in income taxes receivable (6,549) 2,556
Decrease (increase) in net deferred tax asset 4,902 (204)
Increase in other assets (20,013) (346)
Stock option compensation expense 1,082 1,050
Increase in interest expense payable 44 50
(Decrease) increase in other liabilities 12,323 137
Equity securities (gains) losses (50) 50
Life insurance gains (433) 0
Net writedown of premises and equipment 0 3
Net gain on sale of foreclosed assets 0 (46)
Writedown of foreclosed assets 0 27
Net Cash Provided by Operating Activities 39,541 49,900
Investing Activities:    
Net repayments of loans 44,721 89,041
Proceeds from life insurance policies 1,273 0
Purchases of debt securities available for sale (418,223) (439,212)
Proceeds from sale/maturity/calls of debt securities available for sale 368,216 220,037
Proceeds from maturity/calls of debt securities held to maturity 111,099 78,551
Purchases of premises and equipment (1,425) (2,309)
Proceeds from sale of foreclosed assets 307 506
Net Cash Provided by (Used in) Investing Activities 105,968 (53,386)
Financing Activities:    
Net change in deposits (136,577) 59,509
Net change in short-term borrowings 3,334 10,423
Exercise of stock options 8,310 9,483
Retirement of common stock (488) (524)
Common stock dividends paid (21,786) (21,261)
Net Cash (Used in) Provided by Financing Activities (147,207) 57,630
Net Change In Cash and Due from Banks (1,698) 54,144
Cash and Due from Banks at Beginning of Period 420,284 575,002
Cash and Due from Banks at End of Period 418,586 629,146
Supplemental disclosure of non cash activities:    
Right-of-use assets acquired in exchange for operating lease liabilities 23,087 0
Amount recognized upon initial adoption of ASU 2016-02 included above 15,325 0
Loan collateral transferred to other real estate owned 0 0
Securities purchases pending settlement 0 3,159
Supplemental disclosure of cash flow activities:    
Cash paid for amounts included in operating lease liabilities 3,411 0
Interest paid for the period 874 885
Income tax payments for the period $ 12,910 $ 6,776