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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net income $ 150,717 $ 103,812 $ 91,230
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 16,024 14,398 13,132
Amortization of intangible assets 16,941 5,479 3,663
Net accretion on securities, loans and borrowings (6,619) (4,405) (3,289)
Stock-based compensation 5,137 4,783 4,201
(Benefit)/provision for loan losses 10,984 8,076 6,447
Provision for deferred income taxes (28,692) 13,066 10,716
Amortization of mortgage servicing rights 499 518 409
Income from bank-owned life insurance policies (1,586) (1,505) (1,086)
(Gain)/loss on sales of investment securities, net (2) 0 4
Net loss/(gain) on sale of loans and other assets 181 (837) (180)
Change in other assets and liabilities 26,090 (7,614) (5,681)
Net cash provided by operating activities 189,674 135,771 119,566
Investing activities:      
Proceeds from sales of available-for-sale investment securities 0 0 221,136
Proceeds from maturities of available-for-sale investment securities 157,278 109,638 169,562
Proceeds from maturities of other securities 30,116 8,703 1,790
Purchases of available-for-sale investment securities (90,380) (65,966) (503,000)
Purchases of other securities (13,302) (4,612) 0
Net change in loans 164,846 (159,871) (176,754)
Cash (paid)/received for acquisition, net of cash acquired of $52,132, $0, and $81,772, respectively (107,414) (575) 25,505
Settlement of bank owned life insurance policies 1,779 3,127 0
Purchases of premises and equipment, net (10,819) (12,442) (12,400)
Real estate limited partnership investments (733) 0 0
Net cash provided by/(used in) investing activities 131,371 (121,998) (274,161)
Financing activities:      
Net change in deposits (79,940) 202,480 238,969
Net change in borrowings, net of payments of $81,544, $0 and $0 (144,809) (155,100) (36,700)
Issuance of common stock 4,563 10,543 9,774
Purchase of treasury stock (3,306) (3,470) (9,126)
Sale of treasury stock 10,060 8,888 16,571
Increase in deferred compensation arrangements 3,306 0 0
Cash dividends paid (62,305) (55,048) (49,273)
Withholding taxes paid on share-based compensation (1,433) (1,419) (806)
Net cash (used in)/provided by financing activities (273,864) 6,874 169,409
Change in cash and cash equivalents 47,181 20,647 14,814
Cash and cash equivalents at beginning of year 173,857 153,210 138,396
Cash and cash equivalents at end of year 221,038 173,857 153,210
Supplemental disclosures of cash flow information:      
Cash paid for interest 13,705 11,268 11,252
Cash paid for income taxes 41,231 32,239 28,891
Supplemental disclosures of noncash financing and investing activities:      
Dividends declared and unpaid 17,460 14,268 13,605
Transfers from loans to other real estate 3,518 2,612 3,943
Acquisitions:      
Common stock issued 343,132 0 102,202
Fair value of assets acquired, excluding acquired cash and intangibles 1,961,246 0 675,025
Fair value of liabilities assumed $ 1,871,685 $ 0 $ 700,574