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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net income $ 45,958 $ 34,991
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,308 3,134
Amortization of premiums and discounts on securities, net 1,223 1,732
Amortization of operating lease right-of-use assets 2,041 0
Other amortization and accretion, net (1,632) 225
Stock based compensation 4,027 3,622
Origination of loans designated for sale (139,219) (159,991)
Sale of loans designated for sale 138,961 173,385
Provision for loan losses 3,948 3,614
Deferred income taxes 3,736 4,559
Losses on sale of securities 643 0
Gains on sale of loans (3,980) (5,277)
(Gains) losses on sale and write-downs of other real estate owned (408) 298
Losses on disposition of fixed assets 464 231
Changes in operating assets and liabilities, net of effects from acquired companies:    
Net increase in other assets (21) (2,103)
Net (decrease) increase in other liabilities (9,623) 3,184
Net cash provided by operating activities 49,426 61,604
Cash Flows from Investing Activities    
Maturities and repayments of debt securities available for sale 41,564 77,860
Maturities and repayments of debt securities held to maturity 16,935 34,360
Proceeds from sale of debt securities available for sale 73,297 0
Purchases of debt securities available for sale (87,433) (101,354)
Maturities of time deposits with other banks 3,263 1,991
Net new loans and principal repayments (12,017) (161,038)
Purchases of loans held for investment (50,562) 0
Proceeds from sale of other real estate owned 2,722 5,184
Proceeds from sale of FHLB and Federal Reserve Bank Stock 29,070 20,570
Purchase of FHLB and Federal Reserve Bank Stock (22,648) (23,055)
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 (1,485) (2,475)
Net cash provided by (used in) investing activities 5,084 (122,392)
Cash Flows from Financing Activities    
Net increase in deposits 363,969 104,720
Net decrease in federal funds purchased and repurchase agreements (132,308) (16,044)
Net decrease in FHLB borrowings with original maturities of three months or less (177,000) (66,000)
Repayments of FHLB borrowings with original maturities of more than three months (63,000) 0
Proceeds from FHLB borrowings with original maturities of more than three months 0 60,000
Stock based employee benefit plans (2,343) 129
Dividends paid 0 0
Net cash (used in) provided by financing activities (10,682) 82,805
Net increase in cash and cash equivalents 43,828 22,017
Cash and cash equivalents at beginning of period 115,951 109,504
Cash and cash equivalents at end of period 159,779 131,521
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 23,200 11,919
Cash paid during the period for taxes 6,000 6,200
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 555 4,207
Transfers from bank premises to other real estate owned $ 0 $ 2,052