XML 19 R8.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 43,395 $ 38,478
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 2,930 2,761
Provision for loan losses 1,985 5,000
Net loss on sale and write down of other real estate owned 0 16
Amortization of loan servicing rights 244 254
Loans originated for sale, including participations (23,689) (25,121)
Net gain on sales of loans (690) (767)
Proceeds from sale of loans, including participations 20,390 22,748
Net loss on sale of premises and equipment 1 22
Net loss (gain) on sales and calls of securities available-for-sale (88) 6
Net securities amortization 1,866 1,511
Stock based compensation expense 2,267 2,682
Earnings on life insurance (731) (711)
Gain on life insurance (841) (205)
Tax benefit of stock award issuances (529) (761)
Net change:    
Interest receivable and other assets (3,039) (2,812)
Interest payable and other liabilities 1,188 2,453
Total adjustments 1,264 7,076
Net cash from operating activities 44,659 45,554
Cash flows from investing activities:    
Proceeds from sale of securities available-for-sale 25,819 12,322
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 30,150 24,809
Purchases of securities available-for-sale (60,007) (72,740)
Purchase of life insurance (5,422) (310)
Net increase in total loans (83,747) (44,669)
Proceeds from sales of land, premises and equipment 10 28
Purchases of land, premises and equipment (3,563) (3,587)
Proceeds from sales of other real estate owned 0 12
Proceeds from life insurance 1,483 568
Net cash from investing activities (95,277) (83,567)
Cash flows from financing activities:    
Net increase (decrease) in total deposits 177,234 (73,702)
Net increase (decrease) in short-term borrowings (60,555) 210,587
Net decrease in short-term FHLB borrowings (70,000) 0
Payments on long-term FHLB borrowings 0 (80,030)
Common dividends paid (14,265) (12,120)
Preferred dividends paid (13) (13)
Payments related to equity incentive plans (2,089) (2,435)
Purchase of treasury stock (246) (229)
Net cash from financing activities 30,066 42,058
Net change in cash and cash equivalents (20,552) 4,045
Cash and cash equivalents at beginning of the year 216,922 176,180
Cash and cash equivalents at end of the year 196,370 180,225
Cash paid during the year for:    
Interest 29,460 20,090
Income taxes 9,425 8,154
Supplemental non-cash disclosures:    
Securities purchases payable 3,579 1,898
Right-of-use assets obtained in exchange for lease liabilities $ 5,483 $ 0