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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net income $ 47,599 $ 40,953
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 11,817 10,052
Recovery for unfunded loan commitments (114) (334)
Net depreciation, amortization and accretion 2,174 850
Net amortization of discounts and premiums on securities 1,572 2,030
Stock-based compensation expense 779 1,843
Net (gain) loss on sale of securities 0 (3,987)
Mortgage loans originated for sale (41,631) (38,899)
Proceeds from the sale of mortgage loans 42,998 38,041
Gain on the sale of mortgage loans, net (683) (719)
Gain on the sale of majority interest of insurance business (1,873) 0
Net increase in interest receivable (520) (666)
Net increase in interest payable 699 246
Net (increase) decrease in other assets (853) 4,484
Net increase (decrease) in other liabilities 2,529 (1,775)
Net Cash Provided by Operating Activities 64,493 52,119
INVESTING ACTIVITIES    
Purchases of securities (54,481) (36,604)
Proceeds from maturities, prepayments and calls of securities 45,487 35,256
Proceeds from sales of securities 0 7,751
Net (purchases) sales of Federal Home Loan Bank stock (6,512) 1,600
Net increase in loans (37,957) (176,768)
Proceeds from sale of loans not originated for resale 3,922 3,581
Purchases of premises and equipment (804) (3,018)
Proceeds from the sale of premises and equipment 110 273
Proceeds from the sale of majority interest of insurance business 4,540 0
Net Cash Used in Investing Activities (45,695) (167,929)
FINANCING ACTIVITIES    
Net increase in core deposits 46,962 44,914
Net (decrease) increase in certificates of deposit (81,255) 92,427
Net decrease in securities sold under repurchase agreements (5,437) (4,343)
Net increase (decrease) in short-term borrowings 60,000 (15,000)
Repayments of long-term borrowings (1,239) (1,195)
Treasury shares issued-net (657) (689)
Cash dividends paid to common shareholders (16,391) (13,927)
Net Cash Provided by Financing Activities 1,983 102,187
Net increase (decrease) in cash and cash equivalents 20,781 (13,623)
Cash and cash equivalents at beginning of period 117,152 139,486
Cash and Cash Equivalents at End of Period 137,933 125,863
Supplemental Disclosures    
Loans transferred to held for sale 3,922 17,750
Interest paid 23,576 15,369
Income taxes paid, net of refunds 11,103 13,399
Transfer net assets to investment in insurance company partnership 1,917 0
Transfers to other real estate owned and other repossessed assets $ 2,841 $ 1,407