XML 37 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net income $ 46,137 $ 45,850
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 6,533 6,526
Amortization of intangible assets 1,799 2,242
Net accretion/amortization of premiums and discounts on securities, loans, and borrowings (1,505) (1,595)
Stock-based compensation 2,150 2,088
Provision for loan losses 1,214 2,900
Amortization of mortgage servicing rights 206 228
Income from bank-owned life insurance policies (515) (511)
Net (gain) loss from sale of loans and other assets 21 (202)
Net change in loans originated for sale 357 148
Change in other assets and liabilities (2,417) 560
Net cash provided by operating activities 53,980 58,234
Investing activities:    
Proceeds from maturities of available-for-sale investment securities 89,631 67,557
Proceeds from maturities of other investment securities 172 14
Purchases of available-for-sale investment securities (448,747) (294,417)
Purchases of other securities (10,312) (8,105)
Net increase in loans (31,173) (43,437)
Cash paid for acquisition, net of cash acquired of $0 0 (924)
Expenditure for intangible asset (100) 0
Purchases of premises and equipment, net (5,810) (3,827)
Net cash used in investing activities (406,339) (283,139)
Financing activities:    
Net increase in deposits 151,556 75,251
Net change in borrowings, net of payments of $0 and $5 228,200 177,495
Issuance of common stock 5,613 5,599
Purchases of treasury stock (9,125) 0
Issuances of treasury stock 4,063 0
Cash dividends paid (24,360) (22,619)
Tax benefits from share-based payment arrangements 1,063 1,435
Net cash provided by financing activities 357,010 237,161
Change in cash and cash equivalents 4,651 12,256
Cash and cash equivalents at beginning of period 138,396 149,647
Cash and cash equivalents at end of period 143,047 161,903
Supplemental disclosures of cash flow information:    
Cash paid for interest 5,321 6,178
Cash paid for income taxes 13,291 11,464
Supplemental disclosures of noncash financing and investing activities:    
Dividends declared and unpaid 12,247 11,434
Transfers from loans to other real estate 1,830 1,550
Purchase of intangible asset $ 241 $ 0