XML 24 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income available to common shareholders $ 52,128 $ 54,097 $ 52,962
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization and accretion 838 (4,589) (4,654)
Provision for loan losses 4,395 6,988 4,054
Depreciation of premises and equipment 6,235 6,088 6,087
Deferred income tax expense 3,817 6,627 4,585
Net periodic employee benefit cost 515 836 500
Realized investment securities gains (3,978) (2,130) (1,156)
Net investment securities impairment losses 465 0 0
Stock-based compensation expense 2,018 1,793 1,535
Increase in value of bank-owned life insurance (3,071) (3,374) (3,069)
Proceeds from bank-owned life insurance 258 571 0
Originations of loans held for sale (17,981) (17,849) (8,763)
Proceeds from loans held for sale 16,572 18,668 8,319
Gain on sale of loans (374) (367) (187)
Gain on sale of insurance division 0 (11,084) 0
Asset write down 444 1,449 0
Change in accrued interest receivable (976) (375) 40
Change in other assets (1,556) (976) (8,262)
Change in other liabilities 5,581 (8,478) 1,363
Net Cash Provided by Operating Activities 65,330 47,895 53,354
Investing Activities      
Proceeds from sales of securities available-for-sale 30,850 389 6,714
Proceeds from maturities and calls of securities available-for-sale 78,720 55,726 48,983
Proceeds from maturities and calls of securities held-to-maturity 13,479 13,191 6,501
Purchases of securities available-for-sale (196,150) (175,271) (31,295)
Purchases of securities held-to-maturity 0 (10,392) (10,226)
Net increase in loans (183,511) (100,130) (43,714)
Purchases of premises and equipment (5,517) (3,014) (2,323)
Disposals of premises and equipment 836 141 649
Proceeds from sale of CityInsurance   15,250  
Acquisition of American Founders Bank, Inc., including cash acquired of $561   20,030  
Net Cash Used in Investing Activities (261,293) (184,080) (24,711)
Financing Activities      
Net increase in noninterest-bearing deposits 200,984 52,230 52,237
Net (decrease) increase in interest-bearing deposits (52,714) 18,544 36,203
Net increase (decrease) in short-term borrowings 93,436 14,780 (2,867)
Issuance of common stock 6,864    
Purchases of treasury stock (10,018) (7,055) (27,957)
Proceeds from exercise of stock options 1,155 2,979 580
Proceeds from exercise of warrants 0 1,896 0
Dividends paid (25,718) (25,304) (24,487)
Net Cash Provided by Financing Activities 213,989 58,070 33,709
Increase (Decrease) in Cash and Cash Equivalents 18,026 (78,115) 62,352
Cash and cash equivalents at beginning of period 70,113 148,228 85,876
Cash and Cash Equivalents at End of Period $ 88,139 $ 70,113 $ 148,228