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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 36,969 $ 43,395
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 2,989 2,930
Provision for loan losses 12,100 1,985
Amortization of loan servicing rights 359 244
Net change in loan servicing rights valuation allowance 506  
Loans originated for sale, including participations (59,288) (23,689)
Net gain on sales of loans (1,458) (690)
Proceeds from sale of loans, including participations 48,113 20,390
Net loss on sales of premises and equipment 81 1
Net gain on sales and calls of securities available-for-sale (49) (88)
Net securities amortization 1,959 1,866
Stock based compensation expense 447 2,267
Earnings on life insurance (544) (731)
Gain on life insurance (576) (841)
Tax benefit of stock award issuances (71) (529)
Net change:    
Interest receivable and other assets (655) (3,039)
Interest payable and other liabilities (142) 1,188
Total adjustments 3,771 1,264
Net cash from operating activities 40,740 44,659
Cash flows from investing activities:    
Proceeds from sale of securities available for sale 1,148 25,819
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 40,430 30,150
Purchases of securities available-for-sale (47,370) (60,007)
Purchase of life insurance (242) (5,422)
Net increase in total loans (428,472) (83,747)
Proceeds from sales of land, premises and equipment 242 10
Purchases of land, premises and equipment (3,278) (3,563)
Proceeds from life insurance 1,283 1,483
Net cash from investing activities (436,259) (95,277)
Cash flows from financing activities:    
Net increase in total deposits 509,608 177,234
Net increase in short-term borrowings 35,500 (60,555)
Proceeds from short-term FHLB borrowings   100,000
Payments on short-term FHLB borrowings (170,000) (170,000)
Proceeds from long-term FHLB borrowings 75,000  
Common dividends paid (15,312) (14,265)
Preferred dividends paid (13) (13)
Payments related to equity incentive plans (2,030) (2,089)
Purchase of treasury stock (10,280) (246)
Net cash from financing activities 422,473 30,066
Net change in cash and cash equivalents 26,954 (20,552)
Cash and cash equivalents at beginning of the period 99,381 216,922
Cash and cash equivalents at end of the period 126,335 196,370
Cash paid during the period for:    
Interest 22,045 29,640
Income taxes 20 9,425
Supplemental non-cash disclosures:    
Loans transferred to other real estate owned 35  
Securities purchases payable $ 4,783 3,579
Right-of-use assets obtained in exchange for lease liabilities   $ 5,483