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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net income $ 12,133 $ 12,732
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,376 3,072
Depreciation and amortization of property, plant, and equipment 2,109 2,193
Amortization of premiums on investments, net 5,477 2,899
Amortization of FDIC indemnification asset, net 3,411 2,070
Amortization of intangible assets 556 353
Gain on sale of loans (263) (351)
Equity-based compensation expense 43 115
Restricted stock awards 175 28
Issuance of treasury stock to 401(k) plan 220  
Loss (gain) on sale of property, plant, and equipment 18 (79)
Loss on sale of other real estate 659 1,539
(Gain) loss on sale of securities (190) 14
Net impairment losses recognized in earnings   518
Proceeds from sale of mortgage loans 10,753 16,585
Origination of mortgage loans (9,611) (15,810)
Decrease in accrued interest receivable 196 1,315
Decrease (increase) in other operating activities 2,360 (1,061)
Net cash provided by operating activities 29,422 26,132
Investing activities    
Proceeds from sale of securities available for sale 266 101,799
Proceeds from maturities, prepayments, and calls of securities available for sale 13,105 30,696
Proceeds from maturities and calls of securities held to maturity 190 190
Payments to acquire securities available for sale (69,712) (2,102)
Payments to acquire securities held to maturity (15,003) (19,035)
Collections (originations) of loans, net 17,355 (58,551)
Proceeds from the redemption of FHLB stock, net 1,279 1,649
Net cash paid in mergers, acquisitions, and divestitures (88) (202)
Proceeds from the FDIC 1,805 2,218
Payments to acquire property, plant, and equipment (537) (866)
Proceeds from sale of property, plant, and equipment 7 1,318
Proceeds from sale of other real estate 2,868 5,764
Net cash (used in) provided by investing activities (48,465) 62,878
Financing activities    
Net increase in noninterest-bearing deposits 6,709 18,191
Net decrease in interest-bearing deposits (87,247) (45,829)
Net decrease in federal funds purchased   (16,000)
Securities sold under agreements to repurchase, net 416 1,851
Repayments of FHLB and other borrowings (27,000) (1)
Redemption of preferred stock (2,367)  
Proceeds from stock options exercised 41 9
Excess tax benefit from equity-based compensation 5 1
Payments for repurchase of treasury stock (11,497) (2,148)
Payments of common dividends (4,856) (4,415)
Payments of preferred dividends (219) (455)
Net cash used in financing activities (126,015) (48,796)
Net (decrease) increase in cash and cash equivalents (145,058) 40,214
Cash and cash equivalents at beginning of period 237,660 56,567
Cash and cash equivalents at end of period 92,602 96,781
Supplemental transactions - noncash items    
Transfer of loans to other real estate 3,412 7,189
Loans originated to finance other real estate $ 37 $ 238