XML 36 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME $ 16,331 $ 11,951
Adjustments to reconcile net income to net cash provided by operations:    
PROVISION FOR LOAN LOSSES 3,558 4,891
Depreciation and amortization of premises and equipment, core deposit intangible, and mortgage servicing rights 3,115 1,632
Amortization and accretion of securities premiums and discounts, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income 697 2,756
Net realized gains on sales of available-for-sale securities (245) (328)
Net realized and unrealized (gains) losses on trading securities (15) (497)
Proceeds from sale of trading securities 641 4,424
Purchase of trading securities (930) (3,803)
Gain on sale of loans (354) (556)
Net losses (gains) on dispositions of premises and equipment and foreclosed assets 162 (151)
Proceeds from sale of loans 6,347 19,889
Origination of loans held for sale (7,007) (17,484)
Income on bank owned life insurance (701) (1,442)
Stock-based compensation expense 445 290
Contribution of treasury stock 90 90
Changes in:    
Accrued interest receivable and other assets 4,260 (3,606)
Accrued interest payable and other liabilities (6,920) (1,941)
NET CASH PROVIDED BY OPERATING ACTIVITIES 19,474 16,115
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net (increase) decrease in interest bearing time deposits with other banks 50 (50)
Proceeds from maturities, prepayments and calls of available-for-sale securities 59,021 86,708
Proceeds from sales of available-for-sale securities 38,826 33,672
Purchase of available-for-sale securities (100,250) (114,748)
Loan origination and payments, net (31,669) (102,600)
Purchase of bank owned life insurance 0 (2,000)
Purchase of FHLB and other equity interests (958) (896)
Proceeds from death benefits associated with bank owned life insurance 0 1,348
Purchase of premises and equipment (3,891) (3,434)
Proceeds from the sale of premises and equipment and foreclosed assets 505 579
NET CASH USED IN INVESTING ACTIVITIES (38,366) (101,421)
Net change in:    
Checking, money market and savings accounts 111,876 93,805
Certificates of deposit (80,327) (26,527)
Proceeds from sale of treasury stock 0 2
Purchase of treasury stock (1,675) 24
Cash dividends paid (7,145) (6,193)
Repayment of long-term borrowings (173) (145)
Proceeds from long-term borrowings 950 900
Net change in short-term borrowings (4,850) 24,415
NET CASH PROVIDED BY FINANCING ACTIVITIES 18,656 86,281
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (236) 975
CASH AND CASH EQUIVALENTS, Beginning 29,633 31,881
CASH AND CASH EQUIVALENTS, Ending 29,397 32,856
Cash paid during the period for:    
Interest 9,288 9,134
Income taxes 6,411 3,646
SUPPLEMENTAL NONCASH DISCLOSURES:    
Transfers to other real estate owned 420 333
Grant of restricted stock awards from treasury stock $ 609 $ 539