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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 93,949 $ 87,802 $ 83,722
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of intangibles 11,623 12,760 13,714
Provision for loan losses 5,600 5,400 4,350
Deferred tax expense 40,634 3,160 326
Income on Bank-owned life insurance (6,693) (5,470) (5,345)
Net amortization of premiums and discounts on securities 9,948 10,831 10,613
Accretion of net deferred loan fees (4,655) (3,408) (4,624)
Amortization of premiums on purchased loans, net 1,021 1,311 1,100
Net increase in loans originated for sale (24,938) (34,976) (11,918)
Proceeds from sales of loans originated for sale 26,387 37,008 12,799
Proceeds from sales and paydowns of foreclosed assets 5,423 6,109 4,443
ESOP expense 4,600 3,706 2,997
Allocation of stock award shares 4,963 3,812 4,625
Allocation of stock options 203 172 272
Net gain on sale of loans (1,449) (2,032) (881)
Net gain on securities transactions (57) (64) (654)
Net gain on sale of premises and equipment (20) (14) (4)
Net gain on sale of foreclosed assets (819) (585) (592)
Increase in accrued interest receivable (2,564) (1,316) (538)
(Increase) decrease in other assets (52,078) 5,873 (4,912)
Increase (decrease) in other liabilities 6,142 (2,770) 5,373
Net cash provided by operating activities 117,220 127,309 114,866
Cash flows from investing activities:      
Proceeds from maturities, calls and paydowns of investment securities held to maturity 55,720 62,975 37,271
Purchases of investment securities held to maturity (47,894) (80,349) (44,254)
Proceeds from sales of securities 0 3,401 14,005
Proceeds from maturities, calls and paydowns of securities available for sale 220,138 211,440 212,095
Purchases of securities available for sale (228,363) (306,151) (129,720)
Proceeds from redemption of Federal Home Loan Bank stock 130,125 56,505 87,510
Purchases of Federal Home Loan Bank stock (135,583) (54,050) (95,902)
Net cash and cash equivalents paid in acquisition 0 0 (25,855)
Death benefit proceeds from bank-owned life insurance 4,428 0 776
Purchases of loans 0 (28,590) (95,283)
Net increase in loans (322,443) (440,999) (363,436)
Proceeds from sales of premises and equipment 20,766 14 19
Purchases of premises and equipment (3,231) (4,995) (5,909)
Net cash used in investing activities (306,337) (580,799) (408,683)
Cash flows from financing activities:      
Net increase in deposits 160,537 629,642 131,464
Increase in mortgage escrow deposits 1,481 1,107 1,696
Purchase of treasury stock (443) (1,557) 0
Purchase of employee restricted shares to fund statutory tax withholding (778) (1,225) (1,988)
Cash dividends paid to stockholders (59,980) (45,369) (41,285)
Shares issued to dividend reinvestment plan 2,114 1,652 1,447
Stock options exercised 2,954 6,198 3,166
Proceeds from long-term borrowings 347,000 355,000 694,937
Payments on long-term borrowings (539,745) (485,202) (549,935)
Net increase in short-term borrowings 322,514 35,315 52,779
Net cash provided by financing activities 235,654 495,561 292,281
Net increase (decrease) in cash and cash equivalents 46,537 42,071 (1,536)
Cash and cash equivalents at beginning of period 144,297 102,226 103,762
Cash and cash equivalents at end of period 190,834 144,297 102,226
Cash paid during the period for:      
Interest on deposits and borrowings 46,391 44,004 41,663
Income taxes 40,566 33,886 40,620
Non cash investing activities:      
Transfer of loans receivable to foreclosed assets 3,845 3,631 10,074
Non-cash assets acquired:      
Goodwill and other intangible assets, net 0 0 25,323
Other assets 0 0 1,270
Total non-cash assets acquired 0 0 26,593
Liabilities assumed:      
Other Liabilities 0 0 400
Total liabilities assumed 0 0 400
Common stock issued for acquisitions $ 0 $ 0 $ 0