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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 21,682 $ 18,336
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 1,417 1,404
Provision for loan losses 1,200 3,300
Net loss on sale and write down of other real estate owned 0 16
Amortization of loan servicing rights 122 132
Loans originated for sale, including participations (7,454) (9,506)
Net gain on sales of loans (258) (350)
Proceeds from sale of loans, including participations 6,835 11,499
Net loss on sales of premises and equipment 1 2
Net loss (gain) on sales and calls of securities available for sale (23) 6
Net securities amortization 817 749
Stock based compensation expense 1,200 1,411
Earnings on life insurance (444) (363)
Gain on life insurance (841) (201)
Tax benefit of stock award issuances (529) (761)
Net change:    
Interest receivable and other assets (1,342) (2,130)
Interest payable and other liabilities 1,276 2,395
Total adjustments 1,977 7,603
Net cash from operating activities 23,659 25,939
Cash flows from investing activities:    
Proceeds from sale of securities available for sale 13,693 12,322
Proceeds from maturities, calls and principal paydowns of securities available for sale 16,026 12,659
Purchases of securities available for sale (22,183) (53,841)
Purchase of life insurance (5,362) (258)
Net increase in total loans (24,356) (32,003)
Proceeds from sales of land, premises and equipment 10 1
Purchases of land, premises and equipment (2,091) (678)
Proceeds from sales of other real estate 0 12
Proceeds from life insurance 1,483 564
Net cash from investing activities (22,780) (61,222)
Cash flows from financing activities:    
Net increase in total deposits 103,372 90,833
Net increase in short-term borrowings 46,445 24,064
Payments on short-term FHLB borrowings (170,000) 0
Payments on long-term FHLB borrowings 0 (80,030)
Common dividends paid (6,581) (5,545)
Payments related to equity incentive plans (2,089) (2,483)
Purchase of treasury stock (195) (185)
Net cash from financing activities (29,048) 26,654
Net change in cash and cash equivalents (28,169) (8,629)
Cash and cash equivalents at beginning of the year 216,922 176,180
Cash and cash equivalents at end of the year 188,753 167,551
Cash paid during the year for:    
Interest 13,896 8,672
Supplemental non-cash disclosures:    
Securities purchases payable 8,725 3,081
Right-of-use assets obtained in exchange for lease liabilities $ 5,483 $ 0