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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities:    
Net income $ 43,448 $ 50,260
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 7,775 7,150
Amortization of intangible assets 7,031 2,845
Net accretion on securities, loans and borrowings (2,345) (2,240)
Stock-based compensation 2,730 2,220
Provision for loan losses 3,289 3,646
Amortization of mortgage servicing rights 248 257
Income from bank-owned life insurance policies (746) (736)
Net loss (gain) on sale of loans and other assets 257 (318)
Change in other assets and other liabilities 30,397 7,014
Net cash provided by operating activities 92,084 70,098
Investing activities:    
Proceeds from maturities of available-for-sale investment securities 73,770 49,500
Proceeds from maturities of other investment securities 10,006 3,001
Purchases of available-for-sale investment securities (34,842) (28,237)
Purchases of other securities (1,447) (4,612)
Net change in loans 70,094 (108,983)
Cash paid for acquisition, net of cash acquired of $51,793 and $0, respectively (105,402) (575)
Settlement of bank-owned life insurance policies 1,779 2,481
Purchases of premises and equipment, net (5,390) (5,569)
Net cash provided by/(used in) investing activities 8,568 (92,994)
Financing activities:    
Net increase in deposits 101,243 84,380
Net change in borrowings (134,838) (33,700)
Issuance of common stock 2,829 3,882
Purchases of treasury stock (3,078) (716)
Sales of treasury stock 6,169 6,128
Increase in deferred compensation arrangements 3,078 0
Cash dividends paid (28,849) (27,216)
Withholding taxes paid on share-based compensation (1,368) (1,438)
Net cash (used in)/provided by financing activities (54,814) 31,320
Change in cash and cash equivalents 45,838 8,424
Cash and cash equivalents at beginning of period 173,857 153,210
Cash and cash equivalents at end of period 219,695 161,634
Supplemental disclosures of cash flow information:    
Cash paid for interest 6,010 5,689
Cash paid for income taxes 20,154 14,174
Supplemental disclosures of noncash financing and investing activities:    
Dividends declared and unpaid 16,331 13,681
Transfers from loans to other real estate 2,048 1,071
Acquisitions:    
Common stock issued 340,737 0
Fair value of assets acquired, excluding acquired cash and intangibles 1,953,026 0
Fair value of liabilities assumed $ 1,864,477 $ 0