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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net Income $ 24,589 $ 23,270
Provision for credit losses 4,095 6,903
Deferred tax expense 1,443 1,097
Depreciation and amortization 2,478 2,380
Net gains on securities and other assets (2,218) (5,143)
Net amortization of premiums and discounts on securities 784 775
Income from increase in cash surrender value of bank owned life insurance (1,426) (1,494)
Increase in interest receivable (2,346) (620)
Mortgage loans originated for sale (34,985) (38,218)
Proceeds from sale of mortgage loans 35,255 46,134
Increase (decrease) in interest payable 1,522 (235)
Increase in income taxes payable 4,454 3,557
Other-net (14,956) (17,004)
Net cash provided by operating activities 18,689 21,402
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 8,641 11,335
Payments to acquire held-to-maturity securities 0 0
Proceeds from Sale of Available-for-sale Securities 0 0
Proceeds from maturities and redemptions of available-for-sale securities 31,099 44,067
Purchases of available-for-sale securities (6,401) (130,012)
Purchases of FHLB stock (10,293) (13,491)
Proceeds from the redemption of FHLB stock 17,041 18,928
Proceeds from Sale of Loans Receivable 8,559 6,647
Proceeds from sale of other assets 1,144 1,141
Net (increase) decrease in loans (104,189) 16,012
Payments for Purchase of Other Assets (4,128) (1,974)
Net cash used in investing activities (58,527) (47,347)
Financing Activities    
Net (decrease) increase in federal funds purchased (11,000) 6,000
Net decrease in other short-term borrowings (145,207) (125,450)
Net increase in deposits 232,892 122,849
Repayments of other long-term debt (156) (150)
Repayments of Long-term Capital Lease Obligations 99 92
Dividends paid (9,862) (7,803)
Purchase of treasury stock (1,785) (1,079)
Net cash provided by (used in) financing activities 64,783 (5,725)
Net increase (decrease) in cash and cash equivalents 24,945 (31,670)
Cash and cash equivalents at January 1 98,947 107,292
Cash and cash equivalents at March 31 $ 123,892 $ 75,622