XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net Income $ 24,480 $ 27,668
Provision for credit losses 16,898 4,197
Deferred tax expense 1,909 7,102
Depreciation and amortization 3,481 3,802
Net gains on securities and other assets (372) (235)
Net amortization of premiums and discounts on securities 2,264 1,151
Income from increase in cash surrender value of bank owned life insurance (2,607) (2,732)
(Increase) decrease in interest receivable (315) 74
Mortgage loans originated for sale (56,139) (39,941)
Proceeds from sale of mortgage loans 55,251 36,079
Decrease in interest payable (84) (200)
(Decrease) increase in income taxes payable (2,534) 503
Other-net (4,758) (14,817)
Net cash provided by operating activities 37,474 22,651
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 18,601 1,115
Payments to acquire held-to-maturity securities (40,161) (131,145)
Proceeds from Sale of Available-for-sale Securities 55,744 0
Proceeds from maturities and redemptions of available-for-sale securities 82,527 235,971
Purchases of available-for-sale securities (94,777) (10,800)
Purchases of FHLB stock (20,324) (29,251)
Proceeds from the redemption of FHLB stock 25,189 20,449
Proceeds from bank owned life insurance 0 294
Proceeds from Sale of Loans Receivable 213 102
Proceeds from sale of other assets 3,621 2,282
Net increase in loans (173,817) (48,785)
Payments for Purchase of Other Assets (204) 0
Purchases of premises and equipment (4,201) (2,521)
Net cash (used in) provided by investing activities (147,589) 37,711
Financing Activities    
Net (decrease) increase in federal funds purchased (4,000) 15,000
Net (decrease) increase in other short-term borrowings (42,138) 111,041
Net increase (decrease) in deposits 198,838 (105,404)
Repayments of other long-term debt (280) (50,270)
Dividends paid (12,451) (12,635)
Proceeds from Sale of Treasury Stock 216 192
Purchase of treasury stock (902) (25,383)
Net cash provided by (used in) financing activities 139,283 (67,459)
Net increase (decrease) in cash and cash equivalents 29,168 (7,097)
Cash and cash equivalents at January 1 69,452 74,538
Cash and cash equivalents at June 30 $ 98,620 $ 67,441