XML 41 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Cash Flows From Operating Activities          
Net income $ 7,005 $ 5,579 $ 20,237 $ 17,901  
Reconciliation of net income to net cash provided by operating activities:          
Provision (reversal) for loan losses (1,414) $ 1,485 (737) 8,719  
Net security premium amortization     2,380 1,416  
Purchase accounting accretion and amortization, net     2,265 (7,261)  
Foreclosed property losses and write-downs, net     1,522 3,981  
Loss (gain) on securities available for sale 1 1 (786)  
Other losses     241 282  
Decrease in net deferred loan costs     181 198  
Depreciation of premises and equipment     $ 3,375 3,477  
Branch consolidation expense     925  
Stock-based compensation expense     $ 554 248  
Amortization of intangible assets 181 $ 194 541 582  
Origination of presold mortgages in process of settlement     (76,728) (75,775)  
Proceeds from sales of presold mortgages in process of settlement     79,600 75,568  
Decrease (increase) in accrued interest receivable     (88) 764  
Decrease (increase) in other assets     (990) 7,302  
Decrease in accrued interest payable     (98) (184)  
Decrease in other liabilities     (667) (429)  
Net cash provided by operating activities     31,589 36,928  
Cash Flows From Investing Activities          
Purchases of securities available for sale     (83,313) $ (54,258)  
Purchases of securities held to maturity     $ (2,003)  
Proceeds from sales of securities available for sale     $ 47,473  
Proceeds from maturities/issuer calls of securities available for sale     $ 61,426 $ 22,456  
Proceeds from maturities/issuer calls of securities held to maturity     19,246  
Purchases of Federal Reserve Bank stock and Federal Home Loan Bank stock, net     (9,597) $ (2,122)  
Net decrease (increase) in loans     (98,347) 27,468  
Proceeds from FDIC loss share agreements     8,758 16,810  
Proceeds from sales of foreclosed real estate     6,426 27,908  
Purchases of premises and equipment     (3,828) (3,278)  
Proceeds from sale of premises and equipment     847 1,232  
Net cash provided (used) by investing activities     (100,385) 83,689  
Cash Flows From Financing Activities          
Net increase (decrease) in deposits     11,847 (72,000)  
Net increase in borrowings     60,000 70,000  
Cash dividends paid - common stock     (4,732) (4,726)  
Cash dividends paid - preferred stock     (646) $ (651)  
Redemption of preferred stock     (32,000)  
Proceeds from stock option exercises     32  
Net cash provided (used) by financing activities     34,501 $ (7,377)  
Increase (decrease) in cash and cash equivalents     (34,295) 113,240  
Cash and cash equivalents, beginning of period     253,084 223,274 $ 223,274
Cash and cash equivalents, end of period $ 218,789 $ 336,514 218,789 336,514 $ 253,084
Supplemental Disclosures of Cash Flow Information:          
Cash paid during the period for interest     5,252 6,503  
Cash paid during the period for income taxes     11,139 3,009  
Non-cash transactions:          
Unrealized gain (loss) on securities available for sale, net of taxes     (94) 133  
Foreclosed loans transferred to other real estate     $ 6,700 $ 10,083