XML 20 R9.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 18,891 $ 18,166
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 6,098 3,642
Depreciation and amortization of premises and equipment 2,244 2,152
Net accretion on securities 799 531
Amortization of intangible assets 1,096 1,284
Stock based compensation 1,612 1,988
Bank owned life insurance income (1,291) (1,559)
Purchases of trading securities (568) (492)
Losses on trading securities 40 20
Proceeds from sales of loans held for sale 22,098 7,111
Originations and purchases of loans held for sale (22,133) (7,297)
Net gains on sales of loans held for sale (49) (64)
Net security gains (29) (14)
Net gain on sales of other real estate owned (306) 0
Net decrease in other assets 2,135 12,078
Net decrease in other liabilities (1,319) (7,547)
Net cash provided by operating activities 29,318 29,999
Securities available for sale:    
Proceeds from maturities, calls, and principal paydowns 74,090 61,153
Purchases (142,613) (114,445)
Securities held to maturity:    
Proceeds from maturities, calls, and principal paydowns 15,591 19,752
Purchases (9,471) (18,907)
Other:    
Net increase in loans (90,342) (33,206)
Proceeds from FHLB stock redemption 33,886 13,481
Purchases of Federal Reserve and FHLB stock (29,475) (8,617)
Proceeds from settlement of bank owned life insurance 1,457 1,468
Purchases of bank owned life insurance (45,000) 0
Purchases of premises and equipment (1,625) (1,044)
Proceeds from the sales of other real estate owned 3,208 698
Net cash used in investing activities (190,294) (79,667)
Financing activities    
Net increase in deposits 300,199 179,832
Net decrease in short-term borrowings (94,613) (123,630)
Repayments of long-term debt (70) (170)
Proceeds from the issuance of shares to employee benefit plans and other stock plans (2,661) (1,055)
Purchase of treasury stock (17,193) 0
Cash dividends and payment for fractional shares (9,473) (9,282)
Net cash provided by financing activities 176,189 45,695
Net increase (decrease) in cash and cash equivalents 15,213 (3,973)
Cash and cash equivalents at beginning of period 140,297 146,636
Cash and cash equivalents at end of period 155,510 142,663
Cash paid during the period for:    
Interest 5,876 5,803
Income taxes paid 3,405 872
Noncash investing activities:    
Loans transferred to other real estate owned $ 952 $ 1,062