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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 38,413 $ 30,196 $ 33,772
Adjustments to reconcile net income to net cash provided by operating activities:      
Net (accretion) amortization on securities 3,695 2,940 3,405
Provision for loan losses 3,300 4,700 5,072
Securities (gains) losses (34) (17) 3
Depreciation and amortization 4,968 5,490 5,977
Provision for deferred income taxes (1,512) (924) 2,873
Net change in accrued interest receivable (578) (140) (39)
Contribution of shares to ESOP 1,361 1,294 1,253
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation (12,822) 0 0
Stock compensation expense 684 684 1,072
Gain on sale of mortgage loans (1,842) (1,998) (1,849)
Loss (gain) on sales of other real estate 93 116 (357)
Origination of loans held for sale (68,945) (72,303) (66,300)
Proceeds from loans held for sale 71,010 75,542 68,438
Other, net 3,401 (4,325) 4,524
NET CASH FROM OPERATING ACTIVITIES 41,192 41,255 57,844
CASH FLOWS FROM INVESTING ACTIVITIES:      
Sales of securities available-for-sale 0 3,735 356
Calls, maturities and principal reductions on securities available-for-sale 168,506 150,315 136,141
Purchases of securities available-for-sale (150,893) (149,181) (99,954)
Loans made to customers, net of payments (80,434) 12,901 325
Net change in federal funds sold 2,863 (1,815) (3,724)
Redemption of restricted stock 500 5,587 4,670
Purchase of restricted stock (21) (21) (17)
Payments to Acquire Intangible Assets 0 103 0
Proceeds from sale 16,895 0 0
Sale of other real estate 1,583 1,638 3,034
Additions to premises and equipment (3,049) (3,393) (5,296)
NET CASH FROM INVESTING ACTIVITIES (44,050) 19,663 35,535
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net change in deposits (13,906) (14,899) (2,151)
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase 47,158 (14,184) (11,577)
Dividends paid (12,359) (12,632) (12,949)
Purchases of treasury stock (19,396) (8,698) (14,633)
Proceeds from Federal Home Loan Bank Borrowings 54,350 36,900 572,000
Repayments of Federal Home Loan Bank Borrowings 66,672 36,812 617,000
NET CASH FROM FINANCING ACTIVITIES (10,825) (50,325) (86,310)
NET CHANGE IN CASH AND CASH EQUIVALENTS (13,683) 10,593 7,069
CASH AND DUE FROM BANKS, BEGINNING OF YEAR 88,695 78,102 71,033
CASH AND DUE FROM BANKS, END OF YEAR 75,012 88,695 78,102
SUPPLEMENTAL DISCLOSURES OF CASH FLOW AND NONCASH INFORMATION:      
Interest 4,432 4,237 5,527
Income Taxes $ 18,739 $ 12,869 $ 9,354