XML 27 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net Income $ 33,015,000 $ 23,852,000 $ 91,688,000 $ 65,140,000  
Adjustments to reconcile net income to net cash provided by operating activities          
Depreciation and amortization     12,088,000 11,497,000  
Provision for loan losses 1,075,000 0 3,575,000 1,650,000  
Deferred income tax expense     176,000 443,000  
Net unrealized (gain) loss on equity securities     113,000    
Net gain on sale of securities     (6,000) (13,000)  
Net (gain) loss on bank premises and equipment     8,000 (93,000)  
Net loss on other real estate owned and foreclosed assets     1,000 308,000  
Realized gain on sale leaseback transaction     (585,000) (775,000)  
Stock based compensation     3,161,000 2,346,000  
Increase in cash surrender value of life insurance policies     (2,929,000) (3,000,000)  
Gain Realized on Life Insurance Policies (1,463,000) 0 (1,463,000) 0  
Change in Fair Value on Loans Held for Sale (103,000) 108,000 (147,000) 102,000  
Net change in:          
Trading assets     (257,000) (494,000)  
Loans held for sale     (5,516,000) 578,000  
Other assets     (12,179,000) 4,561,000  
Increase (Decrease) in Other Operating Liabilities     16,066,000 6,177,000  
Total adjustments     12,106,000 23,287,000  
Net cash provided by operating activities     103,794,000 88,427,000  
Cash flows used in investing activities          
Proceeds from Sale of Debt and Equity Securities, FV-NI, Held-for-investment     30,000    
Proceeds from Sale of Available-for-sale Securities, Equity       0  
Increase (Decrease) in Equity Securities, FV-NI     (305,000) 0  
Proceeds from Sale of Debt Securities, Available-for-sale       523,000  
Proceeds from maturities and principal repayments of securities available for sale     41,964,000 40,228,000  
Payments to Acquire Debt Securities, Available-for-sale     (63,844,000) (104,284,000)  
Proceeds from maturities and principal repayments of securities held to maturity     62,650,000 58,308,000  
Purchases of securities held to maturity     (118,256,000) (49,802,000)  
Net redemption (purchases) of Federal Home Loan Bank stock     (1,510,000) 386,000  
Investments in low income housing projects     (2,598,000) (4,713,000)  
Purchases of life insurance policies     (116,000) (115,000)  
Proceeds from Life Insurance Policy     2,850,000   $ 0
Net increase in loans     (173,224,000) (138,622,000)  
Cash Acquired in Excess of Payments to Acquire Business     0 6,289,000  
Purchases of bank premises and equipment     (8,123,000) (18,643,000)  
Proceeds from the sale of bank premises and equipment     96,000 1,919,000  
Proceeds from the sale of other real estate owned and foreclosed assets     308,000 1,531,000  
Net cash used in investing activities     (260,078,000) (206,995,000)  
Cash flows provided by financing activities          
Net increase (decrease) in time deposits     19,226,000 (35,947,000)  
Net increase in other deposits     227,836,000 147,331,000  
Increase (Decrease) in Federal Home Loan Bank Advances Long Term     (2,475,000) 0  
Net increase (decrease) in customer repurchase agreements     (21,503,000) 2,757,000  
Proceeds from exercise of stock options, net of cash paid     (184,000)    
Payments for Repurchase of Common Stock       (5,000)  
Restricted stock awards issued, net of awards surrendered     (1,344,000) (1,363,000)  
Proceeds from shares issued under direct stock purchase plan     1,792,000 1,230,000  
Common dividends paid     (29,701,000) (25,265,000)  
Net cash provided by financing activities     194,015,000 88,738,000  
Net increase (decrease) in cash and cash equivalents     37,731,000 (29,830,000)  
Cash and cash equivalents at beginning of year     213,116,000 289,095,000 289,095,000
Cash and cash equivalents at end of period 250,847,000 259,265,000 250,847,000 259,265,000 $ 213,116,000
Supplemental schedule of noncash investing and financing activities          
Real Estate Owned, Transfer from Real Estate Owned       564,000  
Net increase in capital commitments relating to low income housing project investments     65,000 248,000  
Stock Issued During Period, Value, Acquisitions     0 23,468,000  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets 0 179,252,000 0 179,252,000  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities $ 0 $ 162,073,000 $ 0 $ 162,073,000