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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flow From Operating Activities:      
Net income $ 164,460 $ 159,139 $ 96,070
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 2,800 7,227 9,143
Depreciation and amortization 9,383 8,842 7,967
Change in deferred taxes 4,965 3,524 15,523
Share-based compensation 4,115 3,592 2,827
Loans originated for sale (511,407) (372,791) (377,252)
Proceeds from sales of loans held for sale 513,357 380,254 387,095
Gains on sales of loans held for sale (6,209) (5,025) (5,910)
Gains on sales of securities available for sale (4,415) (4,269) (2,631)
Increase in cash surrender of life insurance (4,518) (4,020) (3,906)
Gains on life insurance benefits (19) (198) (2,671)
Change in interest receivable (4,659) (3,751) (6,838)
Change in interest payable 1,090 1,217 31
Other adjustments 9,464 6,494 7,054
Net cash provided by operating activities 178,407 180,235 126,502
Cash Flows from Investing Activities:      
Net change in interest-bearing deposits 199,928 (1,936) 237,936
Purchases of:      
Securities available for sale (676,791) (370,284) (479,045)
Securities held to maturity (423,385) (30,465) (30,220)
Proceeds from sales of securities available for sale 132,837 154,519 94,165
Proceeds from maturities of:      
Securities available for sale 138,356 77,881 70,846
Securities held to maturity 130,502 66,129 72,220
Redemption (Purchase) of Federal Reserve and Federal Home Loan Bank stock 0 (763) 40
Net change in loans (512,364) (483,418) (670,000)
Net cash and cash equivalents received in acquisition 10,207 0 54,536
Proceeds from the sale of other real estate owned 2,060 9,121 6,584
Proceeds from life insurance benefits 815 2,836 11,655
Other investing activities (8,564) 804 (4,047)
Net cash used in investing activities (1,006,399) (575,576) (635,330)
Net change in :      
Demand and savings deposits 883,524 526,859 425,742
Certificates of deposit and other time deposits 95,913 55,204 75,236
Borrowings 599,298 1,515,526 1,088,189
Repayment of borrowings (643,169) (1,677,860) (1,024,166)
Cash dividends on common stock (51,276) (41,660) (31,820)
Stock issued under employee benefit plans 702 707 519
Stock issued under dividend reinvestment and stock purchase plans 1,531 1,211 991
Stock options exercised 144 1,598 2,398
Restricted shares withheld for taxes (1,680) (1,902) (1,283)
Repurchase of common stock (19,041) 0 0
Net cash provided by financing activities 865,946 379,683 535,806
Net Change in Cash and Cash Equivalents 37,954 (15,658) 26,978
Cash and Cash Equivalents, January 1 139,247 154,905 127,927
Cash and Cash Equivalents, December 31 177,201 139,247 154,905
Additional cash flow information:      
Interest paid 107,598 67,870 36,332
Income tax paid 23,588 23,289 22,421
Loans transferred to other real estate owned 7,031 855 8,360
Fixed assets transferred to other assets 1,210 374 6,753
Non-cash investing activities using trade date accounting 0 6,551 9,401
Investments transferred from held to maturity to available for sale in accordance with ASU 2017-12 0 30,794 0
ROU assets obtained in exchange for new operating lease liabilities 23,529 0 0
Liabilities assumed in conjunction with acquisitions      
Fair value of assets acquired 1,451,287 0 1,531,397
Cash received (paid) in acquisition (15) 0 (12)
Less: Common stock issued 229,926 0 321,431
Liabilities assumed $ 1,221,346 $ 0 $ 1,209,954