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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 21,173 $ 5,427
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 2,257 2,267
Allocation of ESOP stock 400 483
Stock awards 912 808
Net excess tax benefit on stock compensation (230) (125)
Amortization of servicing asset 11 57
Net premium amortization in excess of discount accretion on securities 873 1,101
Net amortization of deferred costs on borrowings 54 65
Amortization of core deposit intangible 1,005 832
Net accretion of purchase accounting adjustments (4,067) (3,865)
Net amortization of deferred costs and discounts on loans 84 31
Provision for loan losses 620 1,371
Net (gain) loss on sale and write-down of other real estate owned (89) 56
Write down of fixed assets held for sale to net realizable value 0 4
Net gain on sale of fixed assets (5) (27)
Net unrealized (gain) loss on equity securities (108) 138
Net gain on sales of loans (8) (617)
Proceeds from sales of mortgage loans held for sale 503 247
Mortgage loans originated for sale (495) (170)
Increase in value of Bank Owned Life Insurance (1,321) (1,141)
(Increase) decrease in interest and dividends receivable (1,020) 453
Deferred tax provision 448 0
(Increase) decrease in other assets (17,012) 3,758
Increase (decrease) in other liabilities 34,084 (3,454)
Total adjustments 16,896 2,272
Net cash provided by operating activities 38,069 7,699
Cash flows from investing activities:    
Net decrease in loans receivable 21,335 67,880
Proceeds from sale of under performing loans 0 4,294
Purchase of loans receivable (101,674) 0
Purchase of debt investment securities available-for-sale (9,953) (980)
Purchase of debt investment securities held-to-maturity (2,077) (2,667)
Purchase of equity investments (53) (42)
Proceeds from maturities and calls of debt investment securities available-for-sale 6,250 0
Proceeds from maturities and calls of debt investment securities held-to-maturity 6,732 3,715
Proceeds from sales of debt investment securities available-for-sale 0 1,137
Proceeds from Bank Owned Life Insurance 0 2,553
Proceeds from the redemption of restricted equity investments 22,754 23,092
Purchases of restricted equity investments (21,320) (36,968)
Proceeds from sales of other real estate owned 550 238
Purchases of premises and equipment (840) (1,926)
Cash consideration received (paid) for acquisition, net of cash received 59,395 (3,743)
Net cash provided by investing activities 8,633 84,215
Cash flows from financing activities:    
Increase (decrease) in deposits 27,089 (51,139)
Increase in short-term borrowings (16,586) (27,205)
Repayments of Federal Home Loan Bank advances (10,495) (521)
Repayments of other borrowings (90) 0
Increase in advances by borrowers for taxes and insurance 1,072 818
Exercise of stock options 519 3,456
Payment of employee taxes withheld from stock awards (2,546) (467)
Purchase of treasury stock (3,805) 0
Dividends paid (8,644) (7,105)
Net cash used in financing activities (13,486) (82,163)
Net increase in cash and due from banks and restricted cash 33,216 9,751
Supplemental Disclosure of Cash Flow Information:    
Cash and due from banks and restricted cash at beginning of period 122,328 109,613
Restricted cash at beginning of period 1,536 0
Federal funds sold at beginning of period 0 0
Cash and due from banks at end of period 120,792 109,613
Restricted cash at end of period 2,576 0
Federal funds sold at end of period 18,733 0
Cash and due from banks and restricted cash at end of period 155,544 119,364
Cash paid during the period for:    
Interest 12,492 6,920
Income taxes 16 0
Accretion of unrealized loss on securities reclassified to held-to-maturity 211 273
Net loan charge-offs (492) (275)
Transfer of loans receivable to other real estate owned 674 373
Non-cash assets acquired:    
Securities 103,775 254,522
Restricted equity investments 313 16,967
Loans 307,017 1,517,947
Premises and equipment 3,389 20,301
Accrued interest receivable 1,387 5,621
Bank Owned Life Insurance 10,460 85,238
Deferred tax asset 3,978 58,352
Other assets 1,497 5,262
Goodwill and other intangible assets, net 39,339 198,915
Total non-cash assets acquired 471,155 2,163,125
Liabilities assumed:    
Deposits 449,018 1,616,073
Borrowings 0 127,747
Other liabilities 5,051 13,007
Total liabilities assumed 454,069 1,756,827
Mortgage-backed Securities, Available-for-Sale    
Cash flows from investing activities:    
Principal repayments on debt mortgage-backed securities held-to-maturity 138 0
Debt Securities    
Cash flows from investing activities:    
Principal repayments on debt mortgage-backed securities held-to-maturity 77 1,835
Mortgage-backed Securities Held-to-Maturity    
Cash flows from investing activities:    
Principal repayments on debt mortgage-backed securities held-to-maturity $ 27,319 $ 25,797