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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income $ 33,106 $ 31,743
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 2,084 1,720
Provision for loan and lease losses 13,500 7,550
Amortization of intangibles 627 700
Net accretion of loans (3,381) (3,830)
Accretion on bank premises (94) (77)
Accretion on deposits (167) (394)
Accretion on borrowings (250) (354)
Stock-based compensation 1,650 876
Gains on sales of investment securities, net (4,234) (2,793)
Gains on sale of loans held-for-sale, net (147) (276)
Loans originated for resale (6,399) (18,004)
Proceeds from sale of loans held-for-sale 4,948 17,290
Net (gain) loss on sale of other real estate owned (182) 112
Increase in cash surrender value of bank-owned life insurance (1,843) (1,163)
Amortization of premiums and accretion of discounts on investments securities, net 1,148 1,442
Decrease in accrued interest receivable 48 38
Increase in other assets (2,813) (3,324)
(Decrease) increase in other liabilities (981) 294
Net cash provided by operating activities 36,620 31,550
Investment securities available-for-sale:    
Purchases (114,844) (34,796)
Sales 85,253 44,397
Maturities, calls and principal repayments 109,452 53,542
Investment securities held-to-maturity:    
Purchases (1,000) (17,531)
Maturities and principal repayments 14,758 14,702
Net redemptions (purchases) of restricted investment in bank stocks 8,077 (6,827)
Net increase in loans (359,945) (413,461)
Purchases of premises and equipment (1,769) (2,513)
Purchases of bank owned life insurance (17,000)
Proceeds from sale of other real estate owned 2,992 126
Net cash used in investing activities (274,026) (362,361)
Cash flows from financing activities    
Net increase in deposits 478,150 191,411
Increase in subordinated debt 50,000
Advances of FHLB borrowings 375,000 625,000
Repayments of FHLB borrowings (565,000) (482,525)
Repayment of repurchase agreement (16,000)
Cash dividends paid on common stock (6,805) (6,741)
Cash dividends paid on preferred stock (22) (84)
Redemption of preferred stock (11,250)
Proceeds from exercise of stock options 232 1,424
Net cash provided by financing activities 270,305 362,485
Net change in cash and cash equivalents 32,899 31,674
Cash and cash equivalents at beginning of period 200,895 126,847
Cash and cash equivalents at end of period 233,794 158,521
Cash payments for:    
Interest paid on deposits and borrowings 22,791 15,940
Income taxes 18,195 17,045
Supplemental disclosures of noncash investing activities    
Transfer of loans to other real estate owned 887 2,374
Transfer of loans to loans held-for-sale 13,514
Transfer of investment securities from held-to-maturity to available-for sale $ 209,855