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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 70,672 $ 63,401 $ 52,580
Adjustments to reconcile net income to net cash provided by operating activities:      
Net amortization of premiums, discounts and deferred loan fees and costs 3,660 4,153 5,153
Depreciation and amortization 1,645 5,555 4,536
Amortization of intangible assets 1,182 594 654
Amortization of operating lease right-of-use assets 2,592    
Provision for loan losses 2,130 4,413 6,090
Stock based compensation 2,545 2,425 2,325
Loans originated for sale (57,605) (49,748) (60,783)
Proceeds from sales of loans held for sale 59,748 50,420 63,905
Gains on sales of securities 0 0 (2,524)
Gains on sales of loans held for sale (1,660) (1,329) (1,836)
Gains on proceeds from bank owned life insurance policies 0 (421) (109)
Change in market value of equity securities (496) 583 0
Losses (gains) on other real estate and other repossessed assets 72 (338) (646)
Loss (gain) on sale of premises and equipment 497 561 (838)
Long-term debt prepayment penalty 0 0 2,828
Deferred tax expense (benefit) 2,854 (13,571) 16,904
Excess tax benefits 189 318 587
(Increase) decrease in other assets (15,986) 2,679 (25,065)
Increase in other liabilities 15,092 9,743 3,705
NET CASH PROVIDED BY OPERATING ACTIVITIES 87,131 79,438 67,466
CASH FLOWS FROM INVESTING ACTIVITIES:      
Net cash acquired in acquisitions 13,454 0 0
Proceeds from repayments and maturities of available for sale securities 147,130 91,833 91,314
Proceeds from repayments and maturities of held to maturity securities 31,457 26,083 43,218
Proceeds from sales of equity securities 1,287 2,155 0
Proceeds from sales of available for sale securities 0 0 4,500
Purchase of available for sale securities (211,503) (110,370) (140,258)
Purchase of held to maturity securities (21,453) (40,753) (35,841)
Purchase of equity securities (1,343) (570) (307)
Proceeds from redemptions of Federal Home Loan Bank stock 95,643 6,799 13,497
Purchases of Federal Home Loan Bank stock (103,080) (7,524) (10,974)
Purchase of bank owned life insurance 0 0 (33,000)
Death benefit proceeds from bank owned life insurance policy 121 755 312
Net increase in loans (252,441) (310,256) (289,914)
Proceeds from dispositions and sales of bank premises and equipment 1,827 697 1,638
Purchases of premises and equipment (5,936) (5,523) (3,972)
Proceeds from sales of other real estate and other repossessed assets 860 4,116 4,638
NET CASH USED IN INVESTING ACTIVITIES (303,977) (342,558) (355,149)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in deposits 264,279 252,329 276,537
Increase in federal funds purchased and securities sold under agreements to repurchase 94,753 108,969 68,582
Proceeds from other borrowings 46,260 60,003 306,184
Repayments of other borrowings (89,353) (70,752) (377,183)
Exercise of stock options 313 307 321
Retirement of restricted stock (715) (763) (773)
Dividends paid (24,919) (21,307) (18,853)
NET CASH PROVIDED BY FINANCING ACTIVITIES 290,618 328,786 254,815
Net increase (decrease) in cash and cash equivalents 73,772 65,666 (32,868)
Cash and cash equivalents, beginning of year 208,599 142,933 175,801
CASH AND CASH EQUIVALENTS, END OF YEAR 282,371 208,599 142,933
Supplemental schedule of non-cash investing and financing activities:      
Cash paid during the period for income taxes 15,944 18,614 27,423
Cash paid during the period for interest 59,949 38,679 24,571
Transfer of loans into other repossessed assets and other real estate owned 665 3,765 3,763
Initial recognition of operating lease right-of-use assets 18,651    
Initial recognition of operating lease liabilities 20,203    
Non-cash assets acquired:      
Federal Home Loan Bank stock 1,767 0 0
Investment securities 22,734 0 0
Loans, including loans held for sale 426,118 0 0
Goodwill and other intangible assets, net 23,125 0 0
Other assets 9,304 0 0
Total non-cash assets acquired 483,048 0 0
Liabilities assumed:      
Deposits 409,638 0 0
Other borrowings 40,957 0 0
Other liabilities 2,490 0 0
Total liabilities assumed 453,085 0 0
Common stock issued for acquisitions $ 43,417 $ 0 $ 0