XML 25 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities      
Net income $ 27,509 $ 27,034 $ 24,996
Reconciliation of net income to net cash provided by operating activities:      
Provision (reversal) for loan losses (23) (780) 10,195
Net security premium amortization 3,341 3,247 1,934
Loan discount accretion (4,451) (4,751) (16,009)
FDIC indemnification asset expense, net 10,255 8,615 12,842
Foreclosed property losses and write-downs, net 625 1,486 3,843
Loss (gain) on securities available for sale (3) 1 (786)
Other (gains) losses 29 465 228
Decrease in net deferred loan costs 922 73 (17)
Depreciation of premises and equipment 4,602 4,494 4,618
Stock-based compensation expense 714 710 270
Amortization of intangible assets 1,211 722 777
Fees/gains from sales of presold mortgages and SBA loans (3,466) (2,532) (2,726)
Originations of presold mortgages and SBA loans (95,500) (97,118) (101,493)
Proceeds from sales of presold mortgages and SBA loans 101,148 101,315 103,773
Gain on sale of branches (1,466)
Decrease (increase) in accrued interest receivable (120) (246) 729
Decrease (increase) in other assets (724) (5,062) 2,164
Decrease in accrued interest payable (4) (101) (193)
Increase (decrease) in other liabilities 2,868 (222) 2,675
Net cash provided by operating activities 47,467 37,350 47,820
Cash Flows From Investing Activities      
Purchases of securities available for sale (114,396) (95,822) (66,263)
Purchases of securities held to maturity (857) (125,377)
Proceeds from maturities/issuer calls of securities available for sale 76,939 86,238 30,332
Proceeds from maturities/issuer calls of securities held to maturity 23,368 23,203 453
Proceeds from sales of securities available for sale 8 47,473
Purchases of Federal Reserve and Federal Home Loan Bank stock, net (3,933) (9,877) (2,122)
Purchase of bank-owned life insurance (15,000) (10,000)
Net (increase) decrease in loans (198,589) (138,346) 52,157
(Payments) proceeds related to FDIC loss share agreements (1,554) 6,673 17,724
Payment to FDIC for termination of loss share agreements (2,012)
Proceeds from sales of foreclosed real estate 7,954 9,650 33,262
Purchases of premises and equipment (8,689) (5,481) (4,751)
Proceeds from sales of premises and equipment 2,025 1,621 1,309
Proceeds from branch sale 26,211
Net cash paid in acquisitions (53,640)
Net cash used by investing activities (246,308) (137,998) (25,803)
Cash Flows From Financing Activities      
Net increase (decrease) in deposits 158,989 115,379 (55,106)
Net increase in borrowings 85,000 70,000 70,000
Cash dividends paid - common stock (6,399) (6,309) (6,303)
Cash dividends paid - preferred stock (233) (796) (868)
Redemption of preferred stock (63,500)
Proceeds from stock option exercises 375 112 70
Stock withheld for payment of taxes (166) (54)
Net cash provided by financing activities 237,566 114,832 7,793
Increase in Cash and Cash Equivalents 38,725 14,184 29,810
Cash and Cash Equivalents, Beginning of Year 267,268 253,084 223,274
Cash and Cash Equivalents, End of Year 305,993 267,268 253,084
Supplemental Disclosures of Cash Flow Information:      
Cash paid during the period for interest 7,653 7,009 8,416
Cash paid during the period for income taxes 11,791 13,815 5,096
Non-cash investing and financing transactions:      
Foreclosed loans transferred to foreclosed real estate 8,117 9,009 12,717
Unrealized gain (loss) on securities available for sale, net of taxes $ (1,238) $ (288) $ 811