XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET EARNINGS $ 26,599 $ 25,696
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 2,905 2,805
PROVISION FOR LOAN LOSSES 1,950 2,328
Securities premium amortization (discount accretion), net 7,836 6,948
Gain on sale of assets, net (48) (591)
Change in loans held-for-sale 13,269 16,535
Change in other assets 5,685 10,704
Change in other liabilities 8,765 7,580
Total adjustments 40,362 46,309
Net cash provided by operating activities 66,961 72,005
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net decrease in interest-bearing time deposits in banks   1,068
Activity in available-for-sale securities:    
Sales 6,180 553
Maturities 510,416 86,258
Purchases (683,386) (69,605)
Activity in held-to-maturity securities-maturities 8 132
Net increase in loans (17,029) 33,772
Purchases of bank premises and equipment and other assets (3,888) (5,447)
Proceeds from sale of other assets 343 480
Net cash provided by (used in) investing activities (187,356) 47,211
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in noninterest-bearing deposits 109,887 (91,682)
Net decrease in interest-bearing deposits 73,542 (34,681)
Net decrease in borrowings (85,506) (90,335)
Common stock transactions:    
Proceeds from stock issuances 563 802
Dividends paid (11,898) (10,558)
Net cash provided by (used in) financing activities 86,588 (226,454)
NET DECREASE IN CASH AND CASH EQUIVALENTS (33,807) (107,238)
CASH AND CASH EQUIVALENTS, beginning of period 256,486 272,886
CASH AND CASH EQUIVALENTS, end of period 222,679 165,648
SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:    
Interest paid 1,822 1,298
Federal income tax paid 0 0
Transfer of loans and bank premises to other real estate owned 1,082 946
Investment securities purchased but not settled $ 1,640 $ 26,452