XML 17 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 16,211 $ 11,782
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 0 400
Depreciation of premises and equipment 827 901
Net amortization of premium and discount 695 893
Amortization of intangibles 248 277
Share-based compensation 669 607
Tax benefit from stock option exercises and other equity awards 207 195
Income from bank-owned life insurance (515) (536)
Net gains on loan sales and commissions on loans originated for others, including fair value adjustments (2,679) (2,269)
Proceeds from sales of loans 89,575 92,325
Loans originated for sale (79,212) (86,133)
Change in fair value of contingent consideration liability 0 (310)
(Increase) decrease in other assets (10,973) (724)
Increase (decrease) in other liabilities 6,483 (530)
Net cash provided by (used in) operating activities 21,536 16,878
Cash flows from investing activities:    
Purchases of mortgage-backed securities available for sale (40,657) (20,248)
Purchases of other investment securities available for sale (1,064) (19,963)
Maturities and principal payments of mortgage-backed securities available for sale 20,100 19,483
Maturities and principal payments of other investment securities available for sale 500 5,875
Maturities and principal payments of mortgage-backed securities held to maturity 540 871
Remittance (purchases) of Federal Home Loan Bank stock (610) (585)
Net decrease (increase) in loans (15,571) 9,070
Purchases of loans (1,520) 0
Purchases of premises and equipment (811) (733)
Net cash provided by (used in) investing activities (39,093) (6,230)
Cash flows from financing activities:    
Net increase (decrease) in deposits 13,727 51,819
Proceeds from Federal Home Loan Bank advances 515,000 175,000
Repayment of Federal Home Loan Bank advances (497,679) (225,189)
Payment for contingent consideration liability (1,217) 0
Net proceeds from stock option exercises and issuance of other equity awards (456) 277
Cash dividends paid (6,739) (6,372)
Net cash provided by (used in) financing activities 22,636 (4,465)
Net increase (decrease) in cash and cash equivalents 5,079 6,183
Cash and cash equivalents at beginning of period 82,923 107,797
Cash and cash equivalents at end of period 88,002 113,980
Noncash Investing and Financing Activities:    
Loans charged off 690 79
Loans transferred to property acquired through foreclosure or repossession 3,074 410
Supplemental Disclosures:    
Interest payments 8,047 6,985
Income tax payments $ 908 $ 566