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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net income attributable to common shareholders $ 21,727 $ 14,883
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 100 705
Depreciation expense 3,983 3,538
Amortization of mortgage servicing rights 663 631
(Recovery)/additional impairment of valuation allowance on mortgage servicing rights   50
Securities amortization, net 1,954 2,616
Amortization of purchased intangible assets 800 697
Earnings on cash surrender value of life insurance policies (852) (646)
Prepayment penalty on FHLB advance 214  
Securities gains, net (22) (121)
Gain on loans sold (3,057) (3,448)
Loans originated for sale (106,756) (116,939)
Proceeds from loan sales 115,512 114,958
Stock based compensation expense 518 477
Stock portion of director retainer fee expense 171 179
(Gain)/Loss on sale and write-down of OREO 182 186
Excess tax benefit related to stock based compensation (397)  
Change in other assets and liabilities 1,482 (8,075)
Net cash provided by operating activities 35,858 9,319
Investing Activities    
Net change in short term investments 45 245
Purchases of securities available for sale (138,244) (143,309)
Proceeds from calls, maturities, and payments on securities available for sale 58,551 64,011
Proceeds from sales of securities available for sale 55,485 78,123
Loan originations and payments, net 49,849 (35,910)
Purchases of premises and equipment (4,718) (9,488)
Proceeds from sale of OREO 1,320 1,616
Proceeds from redemption of restricted stock 251 2,835
Purchase of restricted stock (2,471) (3,284)
Cash received/(paid) from business acquisitions, net 2,175 (11,289)
Net cash used by investing activities 22,243 (56,450)
Financing Activities    
Net change in deposits 44,601 4,075
Net change in other borrowings (72,965) 72,583
Proceeds from FHLB advances 38,000 395,000
Repayment of FHLB advances (60,699) (427,024)
Proceeds from term debt   30,000
Cash dividends on common stock (8,206) (6,868)
Purchase of treasury shares (367) (306)
Repayment on term debt (3,333)  
Proceeds from exercise of stock options, including tax benefit 1,044 521
Net cash provided by financing activities (61,925) 67,981
Net change in cash and cash equivalents (3,824) 20,850
Cash and cash equivalents, beginning of year 86,552 67,578
Cash and cash equivalents, end of period 82,728 88,428
Supplemental cash flow information    
Interest paid 6,959 4,932
Income taxes paid 5,790 2,655
Supplemental non cash disclosure    
Loan balances transferred to foreclosed real estate $ 1,108 $ 983