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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 52,580 $ 41,518 $ 32,481
Adjustments to reconcile net income to net cash provided by operating activities:      
Net amortization of premiums, discounts and deferred loan fees and costs 5,153 4,581 4,151
Depreciation and amortization 4,536 3,961 3,410
Amortization of intangible assets 654 734 415
Provision for loan and lease losses 6,090 4,223 1,942
Stock based compensation 2,325 1,899 1,605
Loans originated for sale (60,783) (85,365) (71,833)
Proceeds from sales of loans held for sale 63,905 86,859 72,873
Gains on sales of securities (2,524) (370) (241)
Gains on sales of loans held for sale (1,836) (2,003) (1,681)
Gains on proceeds from bank owned life insurance policies (109) (864) (435)
Gains on debt redemption and extinguishment 0 0 (1,830)
Gains on other real estate and other repossessed assets (646) (248) (102)
Loss (gain) on sale of premises and equipment (838) 117 (6)
Long-term debt prepayment penalty 2,828 0 2,407
Deferred tax expense (benefit) 16,904 (987) (824)
Excess tax benefits 587 0 0
Increase in other assets (25,065) (5,600) (5,257)
Increase in other liabilities 3,705 1,618 3,691
NET CASH PROVIDED BY OPERATING ACTIVITIES 67,466 50,073 40,766
CASH FLOWS FROM INVESTING ACTIVITIES:      
Net cash acquired in acquisitions 0 68,751 0
Proceeds from repayments and maturities of available for sale securities 91,314 79,425 71,368
Proceeds from repayments and maturities of held to maturity securities 43,218 28,421 24,453
Proceeds from sales of available for sale securities 4,500 15,654 33,613
Purchase of available for sale securities (140,565) (245,699) (92,904)
Purchase of held to maturity securities (35,841) (59,715) (33,811)
Proceeds from redemptions of Federal Home Loan Bank stock 13,497 3,054 456
Purchases of Federal Home Loan Bank stock (10,974) (323) (4,697)
Purchase of bank owned life insurance (33,000) 0 (7,000)
Death benefit proceeds from bank owned life insurance policy 312 2,129 1,186
Net increase in loans and leases (289,914) (334,040) (315,067)
Proceeds from dispositions and sales of bank premises and equipment 1,638 21 696
Purchases of premises and equipment (3,972) (3,977) (4,838)
Proceeds from sales of other real estate and other repossessed assets 4,638 3,545 1,608
NET CASH USED IN INVESTING ACTIVITIES (355,149) (442,754) (324,937)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in deposits 276,537 515,437 204,854
Increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 68,582 (94,880) 42,299
Proceeds from other borrowings 306,184 14,921 117,000
Repayments of other borrowings (377,183) (91,798) (50,000)
Redemption of subordinated debentures, net 0 0 (8,170)
Net proceeds from issuance of subordinated debt 0 73,516 0
Exercise of stock options 321 285 124
Net proceeds from issuance of common stock 0 48,678 22
Retirement of restricted stock (773) (206) (254)
Excess tax benefits 0 43 59
Dividends paid (18,853) (16,007) (12,586)
NET CASH PROVIDED BY FINANCING ACTIVITIES 254,815 449,989 293,348
Net (decrease) increase in cash and cash equivalents (32,868) 57,308 9,177
Cash and cash equivalents, beginning of year 175,801 118,493 109,316
CASH AND CASH EQUIVALENTS, END OF YEAR 142,933 175,801 118,493
Supplemental schedule of non-cash investing and financing activities:      
Cash paid during the period for income taxes 27,423 21,744 16,737
Cash paid during the period for interest 24,571 16,435 10,770
Transfer of loans and leases into other repossessed assets and other real estate owned 3,763 3,386 1,462
Pascack and Harmony      
Non-cash assets acquired:      
Federal Home Loan Bank stock 0 3,742 0
Investment securities held for maturity 0 10,810 0
Investment securities available for sale 0 7,474 0
Loans, including loans held for sale 0 579,560 0
Goodwill and other intangible assets, net 0 29,060 0
Other assets 0 32,381 0
Total non-cash assets acquired 0 663,027 0
Liabilities assumed:      
Deposits 0 (582,526) 0
Other borrowings 0 (66,622) 0
Other liabilities 0 (8,755) 0
Total liabilities assumed 0 (657,903) 0
Common stock issued for acquisitions $ 0 $ 73,875 $ 0