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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net income $ 19,116 $ 16,206
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 3,786 1,000
Depreciation of premises and equipment 1,321 1,380
Depreciation of equipment owned and leased to others 6,428 5,680
Stock-based compensation 880 694
Amortization of investment securities premiums and accretion of discounts, net 764 1,116
Amortization of mortgage servicing rights 236 263
Deferred income taxes (7,531) (504)
Losses (gains) on investment securities available-for-sale 345 (1,285)
Originations of loans held for sale, net of principal collected (17,032) (12,926)
Proceeds from the sales of loans held for sale 21,960 20,871
Net gain on sale of loans held for sale (431) (505)
Net (gain) loss on sale of other real estate and repossessions (6) 94
Change in interest receivable (1,806) (251)
Change in interest payable 1,120 (225)
Change in other assets 4,825 (1,398)
Change in other liabilities 323 2,890
Other (11) 1,177
Net change in operating activities 34,287 34,277
Investing activities:    
Proceeds from sales of investment securities available-for-sale 11,739 1,004
Proceeds from maturities and paydowns of investment securities available-for-sale 47,265 42,617
Purchases of investment securities available-for-sale (107,225) (30,198)
Proceeds from liquidation of partnership investment 1,868 0
Net change in other investments (1,312) 0
Loans sold or participated to others 14,310 266
Net change in loans and leases (178,326) (47,385)
Net change in equipment owned under operating leases (10,976) (14,210)
Purchases of premises and equipment (1,566) (24)
Proceeds from sales of other real estate and repossessions 425 1,730
Net change in investing activities (223,798) (46,200)
Financing activities:    
Net change in demand deposits and savings accounts (81,827) (52,553)
Net change in time deposits 110,422 55,769
Net change in short-term borrowings 141,369 (12,198)
Proceeds from issuance of long-term debt 0 10,000
Payments on long-term debt (636) (401)
Acquisition of treasury stock (785) (41)
Cash dividends paid on common stock (5,913) (4,841)
Net change in financing activities 162,630 (4,265)
Net change in cash and cash equivalents (26,881) (16,188)
Cash and cash equivalents, beginning of year 78,033 108,304
Cash and cash equivalents, end of period 51,152 92,116
Non-cash transactions:    
Loans transferred to other real estate and repossessed assets 259 903
Common stock matching contribution to Employee Stock Ownership and Profit Sharing Plan $ 583 $ 1,426