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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income $ 47,150 $ 42,382
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 834 5,692
Depreciation and amortization 6,354 6,479
Stock-based compensation expense 2,966 2,396
Pension expense (income) (637) (450)
Net amortization (accretion) on investment securities 4,998 4,005
Net (gains) losses on sales of investment securities (1,354) 164
Originations of loans held for sale (75,543) (100,437)
Net gains from sales of loans held for sale (2,543) (3,027)
Proceeds from sales of loans held for sale 78,771 113,604
Deferred income taxes 3,987 741
Decrease (increase) cash surrender value of life insurance (116)  
Life Insurance, Corporate or Bank Owned, Change in Value   (3,979)
Decrease (increase) in interest receivable (1,397) (1,611)
Decrease (increase) in indemnification asset (2,418) (3,126)
(Decrease) increase in interest payable 148 148
Decrease (increase) in other assets (18,472) (22,622)
(Decrease) increase in other liabilities (5,571) (8,034)
Net cash provided by (used in) operating activities 41,993 46,535
Investing activities    
Proceeds from sales of securities available-for-sale 125,606 98,734
Proceeds from calls, paydowns and maturities of securities available-for-sale 102,893 70,842
Purchases of securities available-for-sale (464,543) (74,856)
Proceeds from calls, paydowns and maturities of securities held-to-maturity 72,078 53,880
Payments to Acquire Held-to-maturity Securities 14,441 0
Net decrease (increase) in interest-bearing deposits with other banks 52,611 14,823
Net decrease (increase) in loans and leases (121,944) (315,691)
Proceeds from disposal of other real estate owned 2,292 4,172
Purchases of premises and equipment (4,247) (5,023)
Net cash provided by (used in) investing activities (249,695) (153,119)
Financing activities    
Net (decrease) increase in total deposits (56,879) (60,000)
Net (decrease) increase in short-term borrowings 280,421 176,659
Cash dividends paid on common stock (20,243) (19,520)
Proceeds from exercise of stock options 283 622
Excess tax benefit on share-based compensation 0 156
Net cash provided by (used in) financing activities 203,582 97,917
Cash and due from banks:    
Change in cash and due from banks (4,120) (8,667)
Cash and due from banks at beginning of period 121,598 114,841
Cash and due from banks at end of period $ 117,478 $ 106,174