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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net income $ 49,554 $ 46,779
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 4,628 3,266
Amortization of intangible assets (excluding Mortgage Servicing Rights ("MSR")) 4,506 3,005
Amortization of mortgage servicing rights 1,222 759
Depreciation and amortization of premises and equipment 5,674 4,748
Net amortization (accretion) of premium (discount) on portfolio loans (5,729) (6,375)
Net amortization (accretion) of premium (discount) on investment securities 2,843 4,485
Net amortization (accretion) of premium (discount) on time deposits (802) (121)
Net amortization (accretion) of premium (discount) on Federal Home Loan Bank ("FHLB") advances and 125 72
Impairment of other real estate owned ("OREO") 18  
Impairment of fixed assets held for sale   817
Impairment of MSR 1,822  
Change in fair value of loans held for sale, net (800)  
Change in fair value of equity securities, net 800 (1,071)
(Gain) loss on sales of securities, net 184 (160)
(Gain) loss on sale of loans, net (5,615) (5,095)
(Gain) loss on sale of OREO (83)  
(Gain) loss on sale of premises and equipment 116 105
(Gain) loss life insurance proceeds (1,016)  
Provision for deferred income taxes 3,816 3,601
Stock-based and non-cash compensation 2,031 1,722
Decrease in deferred compensation (3,339)  
Increase in cash surrender value of bank owned life insurance (1,970) (1,228)
Mortgage loans originated for sale (244,781) (219,252)
Proceeds from sales of mortgage loans 239,252 285,221
Net change in operating assets and liabilities:    
(Increase) decrease in other assets 1,176 1,848
(Decrease) in other liabilities (16,268) (11,363)
Net cash provided by operating activities 37,364 111,763
Cash Flows from Investing Activities    
Purchases of debt securities held to maturity   (85,050)
Purchases of debt securities available for sale (227,182) (93,591)
Purchase of FHLB stock (3,700)  
Proceeds from sales of equity securities 958 920
Proceeds from sales of debt securities available for sale 227,371  
Proceeds from paydowns and maturities of debt securities held to maturity 13,922 18,033
Proceeds from paydowns and maturities of debt securities available for sale 146,566 82,817
Proceeds from the redemption of FHLB stock 3,720 2,114
Net cash (received) paid in acquisitions (49,387)  
Net change in loans (89,642) (36,080)
Cash paid for premiums on bank-owned life insurance (3)  
Purchases of premises and equipment (5,918) (8,594)
Proceeds from life insurance 1,672  
Proceeds from disposition of premises and equipment 3 2
Capitalized expenditures on OREO (2)  
Proceeds from sale of OREO 1,119 722
Net cash provided by (used in) investing activities 19,497 (118,707)
Cash Flows from Financing Activities    
Net change in deposits 145,499 38,069
Net change in federal funds purchased and securities sold under agreements to repurchase (45,549) (64,457)
Proceeds from other borrowings 60,000  
Repayment of FHLB advances, net (2,297)  
Repayment of other borrowings (3,000) (70,000)
Cash dividends paid (21,947) (19,482)
Purchase of treasury stock (8,433)  
Cash paid for withholding taxes on share based payments (835) (74)
Proceeds from stock options exercised 169 346
Common stock issuance costs (234)  
Net cash provided by (used in) financing activities 123,373 (115,598)
Net increase in cash and cash equivalents 180,234 (122,542)
Cash and cash equivalents, beginning of period 239,973 353,272
Cash and cash equivalents, ending of period 420,207 230,730
Cash payments for:    
Interest 33,122 17,212
Income taxes 10,555 4,322
Non-cash Investing and Financing Activities:    
OREO acquired in settlement of loans 1,396 $ 3,125
Transfer of debt securities held to maturity to available for sale $ 573,639