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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net income $ 67,109 $ 51,564 $ 45,342
Proceeds from sales of loans held for sale 92,422 138,659 156,835
Originations of loans held for sale (83,806) (126,215) (156,036)
Items not requiring (providing) cash      
Depreciation 9,118 9,120 9,816
Amortization 2,291 2,731 3,656
Compensation expense for stock option grants 737 564 483
Provision for loan losses 7,150 9,100 9,281
Net gains on loan sales (1,788) (3,150) (3,941)
Net realized gains on available-for-sale securities (2) 0 (2,873)
(Gain) loss on sale of premises and equipment 193 297 (249)
Net (gains) losses on sale/write-down of other real estate owned 1,886 (449) 489
Gain on Sales of Business Units (7,414) 0 (368)
(Gain) loss realized on termination of loss sharing agreements 0 (7,705) 584
(Accretion) amortization of deferred income, premiums, discounts and other (2,918) (1,947) 4,423
Gain on derivative interest rate products (25) (28) (66)
Deferred income taxes (4,450) 9,423 (3,621)
Changes in      
Interest receivable (1,110) (463) (535)
Prepaid expenses and other assets 3,002 (5,227) 12,655
Accrued expenses and other liabilities 280 1,821 (2,720)
Income taxes refundable/payable 11,520 (15,278) 7,484
Net cash provided by operating activities 94,195 62,817 80,639
Investing Activities      
Redemption (purchase) of Federal Home Loan Bank stock (1,256) 1,852 2,269
Net change in loans (147,945) 136,596 (145,101)
Purchase of loans (128,038) (133,018) (145,600)
Proceeds from sale of student loans 0 0 368
Cash received from purchase of additional business units 0 0 44,363
Cash received from FDIC loss sharing reimbursements 0 16,246 247
Cash paid for sale of business units (50,356) 0 (17,821)
Purchase of premises and equipment (9,317) (7,404) (10,878)
Proceeds from sale of premises and equipment 2,328 565 1,178
Proceeds from sale of other real estate and repossessions 20,426 33,640 28,362
Capitalized costs on other real estate owned (153) (117) (146)
Proceeds from maturities, calls and repayments of held-to-maturity securities 130 117 106
Proceeds from sale of available-for-sale securities 502 0 55,000
Proceeds from maturities, calls and repayments of available-for-sale securities 25,734 36,754 60,827
Purchase of available-for-sale securities (93,378) (3,852) (71,904)
Net cash provided by (used in) investing activities (381,323) 81,379 (198,730)
Financing Activities      
Net increase (decrease) in certificates of deposit 242,955 (114,714) 162,763
Net increase (decrease) in checking and savings accounts (53,956) 34,796 36,126
Proceeds from Federal Home Loan Bank advances 2,621,500 1,420,500 1,793,000
Repayments of Federal Home Loan Bank advances (2,749,000) (1,324,435) (2,025,070)
Net increase (decrease) in short-term borrowings and other interest-bearing liabilities 200,843 (188,888) 168,546
Proceeds from issuance of subordinated notes 0 0 73,472
Advances from (to) borrowers for taxes and insurance (227) 676 (38)
Purchase of the company's common stock (903) 0 0
Dividends paid (15,819) (12,894) (12,232)
Stock options exercised 2,224 3,247 2,110
Net cash provided by (used in) financing activities 247,617 (181,712) 198,677
Increase (Decrease) in Cash and Cash Equivalents (39,511) (37,516) 80,586
Cash and Cash Equivalents, Beginning of Year 242,253 279,769 199,183
Cash and Cash Equivalents, End of Year $ 202,742 $ 242,253 $ 279,769