XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME $ 31,093 $ 25,682
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of premiums, discounts and deferred loan fees and costs 2,022 2,413
Depreciation and amortization 2,693 2,080
Amortization of intangible assets 310 385
Provision for loan and lease losses 2,776 3,045
Loans originated for sale (22,018) (27,197)
Proceeds from sales of loans held for sale 21,328 28,931
Gains on sales of securities 0 (2,524)
Change in market value of equity securities (33) 0
Gains on sales of loans held for sale (546) (869)
Gains on other real estate and other repossessed assets (46) (500)
Gains on sales of premises and equipment 0 (672)
Long-term debt prepayment penalty 0 2,828
Stock-based compensation 1,459 1,566
Excess tax benefits 313 582
Increase in other assets (1,354) (4,672)
Increase in other liabilities 5,900 1,988
NET CASH PROVIDED BY OPERATING ACTIVITIES 43,897 33,066
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from repayments and maturities of available for sale securities 43,026 43,726
Proceeds from repayments and maturities of held to maturity securities 13,720 18,624
Proceeds from sales of equity securities 1,734 0
Proceeds from sales of available for sale securities 0 4,484
Purchase of available for sale securities (32,800) (113,724)
Purchase of held to maturity securities (33,235) (9,754)
Purchase of equity securities (409) 0
Purchase of bank owned life insurance 0 (16,000)
Proceeds from redemptions of Federal Home Loan Bank stock 2,939 3,477
Purchases of Federal Home Loan Bank stock (6,598) (7,278)
Net increase in loans and leases (128,718) (186,328)
Proceeds from sales of other real estate and repossessed assets 918 3,583
Proceeds from dispositions and sales of premises and equipment 0 1,262
Purchases of premises and equipment (2,746) (1,324)
NET CASH USED IN INVESTING ACTIVITIES (142,169) (259,252)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 31,504 134,719
Increase in federal funds purchased and securities sold under agreements to repurchase 72,934 62,133
Proceeds from other borrowings 39,437 164,036
Repayments of other borrowings (35,000) (115,058)
Exercise of stock options 307 313
Retirement of restricted stock (744) (773)
Dividends paid (10,287) (9,303)
NET CASH PROVIDED BY FINANCING ACTIVITIES 98,151 236,067
Net (decrease) increase in cash and cash equivalents (121) 9,881
Cash and cash equivalents, beginning of period 142,933 175,801
CASH AND CASH EQUIVALENTS, END OF PERIOD 142,812 185,682
Supplemental schedule of non-cash investing and financing activities    
Cash paid during the period for income taxes 2,909 11,703
Cash paid during the period for interest 16,153 11,310
Transfer of loans and leases into other repossessed assets and other real estate owned $ 2,214 $ 3,425