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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net income $ 28,297 $ 29,141
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 3,024 1,168
Depreciation of premises and equipment 2,596 2,302
Depreciation of equipment owned and leased to others 10,545 8,484
Stock-based compensation 1,399 2,079
Amortization of investment security premiums and accretion of discounts, net 2,553 2,597
Amortization of mortgage servicing rights 716 778
Deferred income taxes (742) (2,159)
Losses (gains) on investment securities available-for-sale 199 (4)
Originations of loans held for sale, net of principal collected (50,830) (66,312)
Proceeds from the sales of loans held for sale 46,151 67,143
Net gain on sale of loans held for sale (1,420) (2,009)
Net gain on sale of other real estate and repossessions (135) (772)
Change in trading account securities 0 (6)
Change in interest receivable (173) 117
Change in interest payable 907 289
Change in other assets (2,655) 987
Change in other liabilities 8,177 (1,032)
Other (857) 690
Net change in operating activities 47,752 43,481
Investing activities:    
Proceeds from sales of investment securities 3,956 1,299
Proceeds from maturities of investment securities 108,215 47,314
Purchases of investment securities (130,607) (48,344)
Net change in other investments 0 58
Loans sold or participated to others 0 1,962
Net change in loans and leases (159,218) (171,601)
Net change in equipment owned under operating leases (19,486) (28,216)
Purchases of premises and equipment (3,991) (2,934)
Proceeds from sales of other real estate and repossessions 714 6,536
Net change in investing activities (200,417) (193,926)
Financing activities:    
Net change in demand deposits and savings accounts 117,906 104,266
Net change in time deposits 67,992 55,459
Net change in short-term borrowings (27,253) 16,365
Proceeds from issuance of long-term debt 10,832 0
Payments on long-term debt (5,703) (743)
Stock issued under stock purchase plans 116 149
Acquisition of treasury stock (8,005) (4,678)
Cash dividends paid on common stock (9,700) (8,865)
Net change in financing activities 146,185 161,953
Net change in cash and cash equivalents (6,480) 11,508
Cash and cash equivalents, beginning of year 79,721 66,190
Cash and cash equivalents, end of period 73,241 77,698
Non-cash transactions:    
Loans transferred to other real estate and repossessed assets 1,469 5,866
Common stock matching contribution to Employee Stock Ownership and Profit Sharing Plan $ 800 $ 500