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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income $ 38,323 $ 35,542 $ 28,996
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 1,705 1,625 1,500
Depreciation expense 7,289 6,410 5,886
Amortization of mortgage servicing rights 1,510 1,313 1,004
(Recovery)/additional impairment of valuation allowance on mortgage servicing rights   (200) 25
Securities amortization, net 4,901 3,386 1,973
Amortization of purchased intangible assets 1,342 1,640 1,690
Earnings on cash surrender value of life insurance policies (1,513) (1,236) (1,298)
Gain on life insurance benefit   (307)  
Securities gains, net (170) (386) (24)
Gain on loans sold (7,311) (5,553) (4,730)
Loans originated for sale (254,581) (236,928) (165,827)
Proceeds from loan sales 256,946 243,230 168,832
Stock based compensation expense 1,001 843 647
Stock portion of director retainer fee expense 382 315 359
Gain/(Loss) on sale and write-down of OREO 268 68 (153)
Prepayment penalty on FHLB advance   2,364  
Change in other assets and liabilities (2,294) 1,402 4,172
Net cash provided by operating activities 47,262 53,392 43,358
Investing Activities      
Net change in short term investments   (45) (1,915)
Purchases of securities available for sale (242,730) (345,783) (61,756)
Proceeds from calls, maturities, and payments on securities available for sale 142,543 136,799 106,268
Proceeds from sales of securities available for sale 88,203 147,109 27,131
Loan originations and payments, net (144,129) (176,184) (110,124)
Purchases of premises and equipment (14,068) (7,794) (5,593)
Proceeds from sale of OREO 3,985 2,272 3,864
Proceeds from redemption of restricted stock 3,789 2,785 3,251
Purchase of restricted stock (5,531) (231)  
Proceeds from sale of portfolio loans   11,356  
Proceeds from life insurance benefit   1,094 588
Cash received/(paid) from bank/branch acquisitions, net (11,289) 57,083 (10,686)
Net cash used by investing activities (179,227) (171,539) (48,972)
Financing Activities      
Net change in deposits 15,401 83,428 83,796
Net change in other borrowings 162,976 2,014 (13,293)
Proceeds from FHLB advances 420,000 700,000 825,000
Repayment of FHLB advances (451,986) (647,289) (874,745)
Proceeds from term debt 30,000    
Cash dividends on common stock (14,296) (11,680) (8,726)
Purchase of treasury shares (1,045) (3,527) (319)
Repayment on term debt (11,667)    
Repayment of subordinated debentures, net     (5,000)
Proceeds from exercise of stock options, including tax benefit 1,556 294 66
Net cash provided by financing activities 150,939 123,240 6,779
Net change in cash and cash equivalents 18,974 5,093 1,165
Cash and cash equivalents, beginning of year 67,578 62,485 61,320
Cash and cash equivalents, end of period 86,552 67,578 62,485
Supplemental cash flow information      
Interest paid 10,420 8,424 8,807
Income taxes paid 5,365 4,985 4,725
Supplemental non cash disclosure      
Loan balances transferred to foreclosed real estate $ 1,965 1,475 $ 2,585
Loan balances transferred to loans held for sale   $ 11,356