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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 34,562 $ 33,259
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,977 3,307
Deferred taxes 1,711 1,421
Stock-based compensation 518 548
Excess tax benefits of stock-based compensation 190 22
Provision for loan losses 6,740 5,380
Write-downs of other real estate owned and other repossessed assets 1,146 1,402
Gains on sale of mortgage loans held for sale (1,575) (781)
Securities (gains) losses (142) 145
Losses on sale of assets, net (115) (3)
Proceeds from sale of mortgage loans held for sale 63,580 33,240
Funding of mortgage loans held for sale (61,724) (31,998)
Amortization of securities premiums and discounts, net 2,552 2,011
Change in cash surrender value of bank owned life insurance (1,245) (1,113)
Mortgage servicing rights:    
Fair value adjustments 381 546
New servicing assets created (443) (234)
Changes in:    
Other assets (9,612) 297
Other liabilities (1,068) (943)
Net cash provided by operating activities 38,433 46,506
Certificates of deposit in other banks:    
Maturity of certificates of deposit 2,438 389
Securities available-for-sale (AFS):    
Purchase of AFS securities (36,561) (177,579)
Proceeds from the sales of AFS securities 44,198 112,949
Proceeds from prepayments and maturities of AFS securities 56,809 49,094
Securities held-to-maturity (HTM):    
Proceeds from maturities of HTM securities 1 0
Change in loans, net (98,730) (73,376)
Purchase of premises and equipment (1,685) (1,750)
Proceeds from sale of premises and equipment 232 22
Redemption of stock by Federal Home Loan Bank 0 7,746
Additional investment in Federal Reserve Bank stock (18) (1)
Proceeds from sale of other real estate and other repossessed assets 7,563 4,551
Additional investment in other real estate and other repossessed assets (85) 0
Net cash used in investing activities (25,838) (77,955)
Cash flows from financing activities:    
Change in deposits, net 100,972 47,107
Change in repurchase agreements, federal funds purchased, and other short-term borrowings, net 19,141 10,677
Advances from Federal Home Loan Bank 70,000 0
Payments on advances from Federal Home Loan Bank (130,086) (87)
Issuance of common stock 1,345 930
Repurchase of common stock (189) 0
Excess tax benefits of stock-based compensation (190) (22)
Dividends paid (15,913) (15,339)
Net cash provided by financing activities 45,080 43,266
Net increase in cash and cash equivalents 57,675 11,817
Cash and cash equivalents at beginning of period 105,517 106,641
Cash and cash equivalents at end of period 163,192 118,458
Supplemental disclosures:    
Income taxes paid 15,199 10,170
Interest paid 7,935 8,058
Non-cash activities:    
Loans to facilitate the sale of other real estate and repossessed assets 3,548 5,745
Common stock dividends accrued, paid in subsequent quarter 220 207
Real estate acquired in settlement of loans $ 9,694 $ 5,267