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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income $ 21,250 $ 20,901
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 1,298 1,133
Provision for loan and lease losses 6,750 3,375
Amortization of intangibles 434 483
Net accretion of loans (2,449) (2,692)
Accretion on bank premises (63) (51)
Accretion on deposits (132) (307)
Accretion on borrowings (173) (264)
Stock-based compensation 1,105 726
Gains on sales of investment securities, net (103) (726)
Gains on sale of loans held for sale, net (92) (213)
Loans originated for resale (2,797) (13,602)
Proceeds from sale of loans held for sale 2,529 13,691
Net (gain) loss on sale of other real estate owned (210) 112
Increase in cash surrender value of bank-owned life insurance (1,228) (775)
Amortization of premiums and accretion of discounts on investments securities, net 770 1,136
Increase in accrued interest receivable (181) (355)
Increase in other assets (6,988) (2,009)
Increase (decrease) in other liabilities 4,734 (1,600)
Net cash provided by operating activities 24,454 18,963
Investment securities available-for-sale:    
Purchases (68,155) (10,909)
Sales 6,573 12,271
Maturities, calls and principal repayments 50,758 22,074
Investment securities held-to-maturity:    
Purchases (1,000) (14,497)
Maturities and principal repayments 9,972 6,308
Net redemptions (purchases) of restricted investment in bank stocks 7,402 (3,543)
Net increase in loans (275,305) (224,704)
Purchases of premises and equipment (1,379) (1,682)
Proceeds from sale of other real estate owned 1,312 126
Net cash used in investing activities (269,822) (214,556)
Cash flows from financing activities    
Net increase in deposits 410,159 93,931
Increase in subordinated debt 50,000
Advances of FHLB borrowings 375,000 500,000
Repayments of FHLB borrowings (550,000) (430,531)
Repayment of repurchase agreement (16,000)
Cash dividends paid on common stock (4,533) (4,494)
Cash dividends paid on preferred stock (22) (56)
Redemption of preferred stock (11,250)
Proceeds from exercise of stock options 232 1,379
Net cash provided by financing activities 219,586 194,229
Net change in cash and cash equivalents (25,782) (1,364)
Cash and cash equivalents at beginning of period 200,895 126,847
Cash and cash equivalents at end of period 175,113 125,483
Cash payments for:    
Interest paid on deposits and borrowings 14,620 10,149
Income taxes 14,685 12,545
Supplemental disclosures of noncash investing activities    
Transfer of loans to other real estate owned $ 583 $ 694