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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net income $ 22,705 $ 18,027
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,669 1,568
Amortization of premiums and discounts on securities, net 625 742
Amortization of operating lease right-of-use assets 1,025  
Other amortization and accretion, net (810) (406)
Stock based compensation 2,129 1,454
Origination of loans designated for sale (54,034) (78,156)
Sale of loans designated for sale 54,813 83,459
Provision for loan losses 1,397 1,085
Deferred income taxes 1,216 4,707
Losses on sale of securities 87 0
Gains on sale of loans (1,819) (1,884)
Gains on sale and write-downs of other real estate owned (187) 1
Losses on disposition of fixed assets (208) (4)
Changes in operating assets and liabilities, net of effects from acquired companies:    
Net decrease in other assets 2,069 2,234
Net decrease in other liabilities (10,594) (273)
Net cash provided by operating activities 20,083 32,554
Cash Flows from Investing Activities    
Maturities and repayments of debt securities available for sale 18,261 27,296
Maturities and repayments of debt securities held to maturity 8,830 16,085
Proceeds from sale of debt securities available for sale 35,048 0
Purchases of debt securities available for sale 0 (72,311)
Maturities of time deposits with other banks 69 0
Net new loans and principal repayments (3,141) (84,063)
Proceeds from sale of other real estate owned 1,572 3,300
Proceeds from sale of FHLB and Federal Reserve Bank Stock 22,057 10,540
Purchase of FHLB and Federal Reserve Bank Stock (9,749) (13,027)
Proceeds from sale of Visa Class B stock 0 21,333
Redemption of bank owned life insurance 12,378 4,232
Additions to bank premises and equipment (849) (1,288)
Net cash provided by (used in) investing activities 84,476 (87,903)
Cash Flows from Financing Activities    
Net increase in deposits 428,338 126,823
Net decrease in federal funds purchased and repurchase agreements (66,318) (42,845)
Net decrease in FHLB borrowings (377,000) (3,000)
Stock based employee benefit plans (1,519) 726
Dividends paid 0 0
Net cash (used in) provided by financing activities (16,499) 81,704
Net increase in cash and cash equivalents 88,060 26,355
Cash and cash equivalents at beginning of period 115,951 109,504
Cash and cash equivalents at end of period 204,011 135,859
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 11,422 5,533
Cash paid during the period for taxes 0 1,200
Initial recognition of operating lease right-of-use assets 29,077 0
Initial recognition of operating lease liabilities 33,403 0
Supplemental disclosure of non cash investing activities:    
Transfer of debt securities from held to maturity to available for sale 52,796 0
Transfers from loans to other real estate owned 430 3,919
Transfers from bank premises to other real estate owned $ 0 $ 2,030