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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 $ 96,787 $ 88,526 $ 75,063
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for loan and lease losses 3,582 10,140 9,641
Depreciation and amortization 12,645 13,037 13,266
Stock-based compensation expense 5,446 5,354 4,049
Pension expense (income) (628) (1,153) (1,042)
Net amortization (accretion) on investment securities 10,798 8,476 7,899
Net (gains) losses on sales of investments securities (1,649) (234) (1,505)
Originations of loans held for sale (157,796) (232,526) (246,845)
Net (gains) losses on sales of loans held for sale (5,169) (6,804) (6,471)
Proceeds from sales of loans held for sale 163,300 246,829 242,029
Deferred income taxes (4,488) 346 4,192
Decrease (increase) cash surrender value of life insurance (3,792) (186) (5,379)
Decrease (increase) in interest receivable (5,707) (1,456) (995)
Decrease in indemnification asset (10,117) (5,613) (5,036)
(Decrease) increase in interest payable 55 46 2,296
Decrease (increase) in other assets (23,808) (5,347) (33,370)
(Decrease) increase in other liabilities 21,478 7,700 23,703
Net cash provided by (used in) operating activities 121,171 138,361 91,567
Investing activities      
Proceeds from sales of investment securities available-for-sale 189,962 206,990 70,219
Proceeds from calls, paydowns and maturities of securities available-for-sale 224,690 186,132 120,953
Purchases of securities available-for-sale (723,131) (396,984) (547,901)
Proceeds from Sale of Held-to-maturity Securities 0 4,862 0
Proceeds from calls, paydowns and maturities of securities held-to-maturity 121,903 127,021 140,059
Purchases of securities held-to-maturity (23,402) (11,196) (3,520)
Net decrease (increase) in interest-bearing deposits with other banks 48,476 (48,716) (11,104)
Net decrease (increase) in loans and leases (266,043) (376,848) (390,312)
Proceeds from disposal of other real estate owned 6,983 9,356 15,817
Purchases of premises and equipment (6,537) (9,726) (7,467)
Net cash (paid) acquired from business combinations 0 0 (305,591)
Net cash provided by (used in) investing activities (427,099) (309,109) (918,847)
Financing activities      
Net (decrease) increase in total deposits 369,258 346,164 523,882
Net (decrease) increase in short-term borrowings 6,653 (130,513) 277,033
Payments on long-term borrowings (94) (86) (46,238)
Proceeds from Issuance of Subordinated Long-term Debt 0 0 120,000
Cash dividends paid on common stock (41,178) (39,125) (39,070)
Treasury stock purchase 0 0 (4,498)
Proceeds from exercise of stock options 341 801 744
Excess tax benefit on share-based compensation 0 264 146
Net cash provided by (used in) financing activities 334,980 177,505 831,999
Cash and due from banks      
Net (decrease) increase in Cash and due from banks 29,052 6,757 4,719
Cash and due from banks at beginning of year 121,598 114,841 110,122
Cash and due from banks at end of year 150,650 121,598 114,841
Supplemental disclosures      
Interest paid 49,474 33,233 20,961
Income taxes paid 38,329 37,566 31,193
Acquisition of other real estate owned through foreclosure 4,119 2,872 8,398
Issuance of restricted stock awards $ 6,416 $ 5,759 $ 7,760