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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 63,401 $ 52,580 $ 41,518
Adjustments to reconcile net income to net cash provided by operating activities:      
Net amortization of premiums, discounts and deferred loan fees and costs 4,153 5,153 4,581
Depreciation and amortization 5,555 4,536 3,961
Amortization of intangible assets 594 654 734
Provision for loan and lease losses 4,413 6,090 4,223
Stock based compensation 2,425 2,325 1,899
Loans originated for sale (49,748) (60,783) (85,365)
Proceeds from sales of loans held for sale 50,420 63,905 86,859
Gains on sales of securities 0 (2,524) (370)
Gains on sales of loans held for sale (1,329) (1,836) (2,003)
Gains on proceeds from bank owned life insurance policies (421) (109) (864)
Change in market value of equity securities 583 0 0
Gains on other real estate and other repossessed assets (338) (646) (248)
Loss (gain) on sale of premises and equipment 561 (838) 117
Long-term debt prepayment penalty 0 2,828 0
Deferred tax (benefit) expense (13,571) 16,904 (987)
Excess tax benefits 318 587 0
Decrease (increase) in other assets 2,679 (25,065) (5,600)
Increase in other liabilities 9,743 3,705 1,618
NET CASH PROVIDED BY OPERATING ACTIVITIES 79,438 67,466 50,073
CASH FLOWS FROM INVESTING ACTIVITIES:      
Net cash acquired in acquisitions 0 0 68,751
Proceeds from repayments and maturities of available for sale securities 91,833 91,314 79,425
Proceeds from repayments and maturities of held to maturity securities 26,083 43,218 28,421
Proceeds from sales of equity securities 2,155 0 0
Proceeds from sales of available for sale securities 0 4,500 15,654
Purchase of available for sale securities (110,370) (140,258) (244,861)
Purchase of held to maturity securities (40,753) (35,841) (59,715)
Purchase of equity securities (570) (307) (838)
Proceeds from redemptions of Federal Home Loan Bank stock 6,799 13,497 3,054
Purchases of Federal Home Loan Bank stock (7,524) (10,974) (323)
Purchase of bank owned life insurance 0 (33,000) 0
Death benefit proceeds from bank owned life insurance policy 755 312 2,129
Net increase in loans and leases (310,256) (289,914) (334,040)
Proceeds from dispositions and sales of bank premises and equipment 697 1,638 21
Purchases of premises and equipment (5,523) (3,972) (3,977)
Proceeds from sales of other real estate and other repossessed assets 4,116 4,638 3,545
NET CASH USED IN INVESTING ACTIVITIES (342,558) (355,149) (442,754)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in deposits 252,329 276,537 515,437
Increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 108,969 68,582 (94,880)
Proceeds from other borrowings 60,003 306,184 14,921
Repayments of other borrowings (70,752) (377,183) (91,798)
Net proceeds from issuance of subordinated debt 0 0 73,516
Exercise of stock options 307 321 285
Net proceeds from issuance of common stock 0 0 48,678
Retirement of restricted stock (763) (773) (206)
Excess tax benefits 0 0 43
Dividends paid (21,307) (18,853) (16,007)
NET CASH PROVIDED BY FINANCING ACTIVITIES 328,786 254,815 449,989
Net increase (decrease) in cash and cash equivalents 65,666 (32,868) 57,308
Cash and cash equivalents, beginning of year 142,933 175,801 118,493
CASH AND CASH EQUIVALENTS, END OF YEAR 208,599 142,933 175,801
Supplemental schedule of non-cash investing and financing activities:      
Cash paid during the period for income taxes 18,614 27,423 21,744
Cash paid during the period for interest 38,679 24,571 16,435
Transfer of loans and leases into other repossessed assets and other real estate owned 3,765 3,763 3,386
Pascack and Harmony      
Non-cash assets acquired:      
Federal Home Loan Bank stock 0 0 3,742
Investment securities held for maturity 0 0 10,810
Investment securities available for sale 0 0 7,474
Loans, including loans held for sale 0 0 579,560
Goodwill and other intangible assets, net 0 0 29,060
Other assets 0 0 32,381
Total non-cash assets acquired 0 0 663,027
Liabilities assumed:      
Deposits 0 0 (582,526)
Other borrowings 0 0 (66,622)
Other liabilities 0 0 (8,755)
Total liabilities assumed 0 0 (657,903)
Common stock issued for acquisitions $ 0 $ 0 $ 73,875