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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income $ 29,127 $ 25,986
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 5,807 7,496
Depreciation and amortization of premises and equipment 2,357 2,327
Net amortization on securities 797 1,081
Amortization of operating lease right-of-use asset 1,799 0
Amortization of intangible assets 968 914
Excess tax benefit on stock-based compensation (260) (407)
Stock-based compensation expense 2,577 2,454
Bank owned life insurance income (1,377) (1,347)
Proceeds from sale of loans held for sale 25,232 23,977
Originations and purchases of loans held for sale (26,586) (24,188)
Net gain on sale of loans held for sale (88) (57)
Net security gains (57) (72)
Net gains on sale of other real estate owned (157) (174)
Net change in other assets and other liabilities (926) 2,061
Net cash provided by operating activities 39,213 40,051
Securities available for sale:    
Proceeds from maturities, calls and principal paydowns 94,488 51,122
Proceeds from sales 26,203 0
Purchases (63,579) (91,520)
Securities held to maturity:    
Proceeds from maturities, calls and principal paydowns 30,999 18,242
Purchases (28,034) (21,333)
Equity securities:    
Proceeds from sales 0 2,623
Purchases (21) 0
Other:    
Net increase in loans (9,975) (69,659)
Proceeds from Federal Home Loan Bank stock redemption 48,444 71,081
Purchases of Federal Home Loan Bank stock (39,172) (68,153)
Purchases of premises and equipment, net (1,910) (1,186)
Proceeds from sales of other real estate owned 701 534
Net cash provided by (used in) investing activities 58,144 (108,249)
Financing activities    
Net increase in deposits 249,448 223,292
Net decrease in short-term borrowings (326,814) (133,111)
Proceeds from issuance of long-term debt 0 25,000
Repayments of long-term debt (27) (25,045)
Proceeds from the issuance of shares to employee and other stock plans 204 672
Cash paid by employer for tax-withholding on stock issuance (1,230) (1,729)
Cash dividends (22,774) (20,966)
Net cash (used in) provided by financing activities (101,193) 68,113
Net decrease in cash and cash equivalents (3,836) (85)
Cash and cash equivalents at beginning of period 180,955 159,664
Cash and cash equivalents at end of period 177,119 159,579
Cash paid during the period for:    
Interest expense 13,329 7,677
Income taxes paid, net of refund 1,817 3,199
Noncash investing activities:    
Loans transferred to other real estate owned $ 325 $ 780