XML 18 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income $ 27,034 $ 20,272
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 1,485 2,156
Depreciation and amortization of premises and equipment 2,221 2,688
Amortization (accretion) of premiums on investments, net 26 63
Amortization of FDIC indemnification asset, net 1,602 3,186
Amortization of intangible assets 785 790
Goodwill, Impairment Loss 1,492
Accretion on acquired loans (4,257) (4,257)
Equity-based compensation expense 947 637
Issuance of treasury stock to 401(k) plan 325 343
(Gain) loss on sale of premises and equipment, net (8) 13
Loss on sale of other real estate owned 833 940
Loss on sale of securities 618 657
Loss on extinguishment of debt 1,096
Decrease in accrued interest receivable 404 397
Decrease (increase) in other operating activities 2,543 (4,647)
Net cash provided by operating activities 37,146 23,238
Investing activities    
Proceeds from sale of securities available for sale 8,937 12,273
Proceeds from maturities, prepayments, and calls of securities available for sale 57,056 18,022
Proceeds from maturities and calls of securities held to maturity 21,840
Payments to acquire securities available for sale (67,355) (36,966)
Proceeds from loans, net 23,929 17,304
Proceeds from bank owned life insurance 458 2,639
(Redemption of) proceeds from FHLB stock, net (2,122) 694
(Payments to) proceeds from the FDIC (117) 1,701
Proceeds from sale of premises and equipment 507 29
Payments to acquire premises and equipment (1,076) (2,028)
Proceeds from sale of other real estate owned 981 2,130
Net cash provided by investing activities 21,198 37,638
Financing activities    
Increase in noninterest-bearing deposits, net 9,802 25,235
Decrease in interest-bearing deposits, net (63,842) (2,753)
Proceeds from (repayments of) securities sold under agreements to repurchase, net 65 (14,222)
Repayments of FHLB and other borrowings, net (50,000) (30,708)
Proceeds from stock options exercised 321 151
Payments for repurchase of treasury stock (21,287) (1,263)
Payments of common dividends (17,675) (8,504)
Net cash used in financing activities (142,616) (32,064)
Net (decrease) increase in cash and cash equivalents (84,272) 28,812
Cash and cash equivalents at beginning of period 157,951 [1] 76,307
Cash and cash equivalents at end of period 73,679 105,119
Supplemental disclosure -- cash flow information    
Cash paid for interest 6,447 6,257
Cash paid for income taxes 4,800 12,942
Supplemental transactions -- noncash items    
Transfer of loans to other real estate owned 4,135 1,282
Loans originated to finance other real estate owned 92
(Increase) decrease in accumulated other comprehensive loss $ (1,977) $ 1,944
[1] Derived from audited financial statements