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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 22,730 $ 18,958
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (credit) for loan and lease losses (10,066) 679
Depreciation and amortization 2,954 2,909
Write down of other real estate, net of gain on sale 140 (457)
Amortization of other intangible assets 3,664 2,558
Net amortization of investment securities 4,584 4,160
Share-based compensation (343) 813
Net (gain) loss on investment securities 1,866 (240)
Net gain on sales of residential loans (3,224) (2,466)
Proceeds from sales of loans held for sale 201,059 177,204
Originations of loans held for sale (211,071) (170,832)
Equity in earnings of unconsolidated subsidiaries (325) (411)
Increase in cash surrender value of bank-owned life insurance (1,455) (1,638)
Deferred income taxes 12,853 9,438
Net change in other assets and liabilities 4,206 (5,119)
Net cash provided by operating activities 27,572 35,556
Cash flows from investing activities:    
Proceeds from maturities of and calls on investment securities available for sale 81,536 66,804
Proceeds from sales of investment securities available for sale 117,496 162,470
Purchases of investment securities available for sale (257,793) (18,989)
Proceeds from maturities of and calls on investment securities held to maturity 12,159 7,098
Purchases of investment securities held to maturity (37,043) (2,443)
Net loan originations (54,491) (143,303)
Purchase of loan portfolio (28,109) (22,690)
Proceeds from sales of loans originated for investment 6,658  
Proceeds from sale of other real estate 2,567 1,884
Proceeds from bank-owned life insurance 723  
Purchases of premises and equipment (1,421) (2,573)
Net return of capital from unconsolidated subsidiaries 286 862
Net Proceeds from redemption of FHLB stock 31,803 1,182
Net cash provided by (used in) investing activities (125,629) 50,302
Cash flows from financing activities:    
Net increase in deposits 72,022 66,405
Repayments of long-term debt   (9)
Net increase in short-term borrowings 119,000 20,985
Cash dividends paid on common stock (7,958) (6,251)
Repurchases of common stock and other related costs (89,524) (129,391)
Net proceeds from issuance of common stock and stock option exercises   74
Net cash provided by (used in) financing activities 93,540 (48,187)
Net increase (decrease) in cash and cash equivalents (4,517) 37,671
Cash and cash equivalents at beginning of period 86,007 49,348
Cash and cash equivalents at end of period 81,490 87,019
Cash paid during the period for:    
Interest 3,239 3,283
Income taxes 880  
Cash received during the period for:    
Income taxes   79
Supplemental disclosure of noncash investing and financing activities:    
Net change in common stock held by directors' deferred compensation plan 154 11
Net reclassification of loans to other real estate 5,037 $ 1,511
Net transfer of loans to loans held for sale $ 6,648