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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income $ 20,272 $ 18,722
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 2,156 755
Depreciation and amortization of property, plant, and equipment 2,688 2,707
Amortization of premiums on investments, net 63 2,758
Amortization of FDIC indemnification asset, net 3,186 3,856
Amortization of intangibles 790 871
Accretion on acquired loans (4,257) (3,893)
Gain on divestiture, net (3,065)
Equity-based compensation expense 290 144
Restricted stock awards 347 296
Issuance of treasury stock to 401(k) plan 343 332
Loss on sale of property, plant, and equipment, net 13 271
Loss on sale of other real estate 940 1,487
Loss on sale of securities 657 53
Net impairment losses recognized in earnings 4,646
Decrease in accrued interest receivable 397 509
(Increase) decrease in other operating activities (2,008) 4,341
Net cash provided by operating activities 25,877 34,790
Investing activities    
Proceeds from sale of securities available for sale 12,273 70,530
Proceeds from maturities, prepayments, and calls of securities available for sale 18,022 77,395
Proceeds from maturities and calls of securities held to maturity 21,840 190
Payments to acquire securities available for sale (36,966) (1,174)
Proceeds from (originations of) loans, net 17,304 (138,984)
Proceeds from (payments for) FHLB stock, net 694 (933)
Cash proceeds from mergers, acquisitions, and divestitures, net 24,816
Proceeds from the FDIC 1,701 3,639
Payments to acquire property, plant, and equipment, net (1,999) (448)
Proceeds from sale of other real estate 2,130 4,541
Net cash provided by investing activities 34,999 39,572
Financing activities    
Increase in noninterest-bearing deposits, net 25,235 28,322
Decrease in interest-bearing deposits, net (2,753) (62,819)
Repayments of securities sold under agreements to repurchase, net (14,222) (20,082)
(Repayments of) proceeds from FHLB and other borrowings, net (30,708) 24,951
Proceeds from stock options exercised 151 182
Payments for repurchase of treasury stock (1,263) (23,094)
Payments of common dividends (8,504) (7,680)
Net cash used in financing activities (32,064) (60,220)
Net increase in cash and cash equivalents 28,812 14,142
Cash and cash equivalents at beginning of period 76,307 [1] 51,787
Cash and cash equivalents at end of period 105,119 65,929
Supplemental disclosure -- cash flow information    
Cash paid for interest 6,257 7,394
Cash paid for income taxes 12,942 6,488
Supplemental transactions -- noncash items    
Transfer of loans to other real estate 1,282 3,652
Loans originated to finance other real estate $ 42
[1] Derived from audited financial statements