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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:        
Net income $ 8,469 $ 8,316 $ 23,238 $ 21,702
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     4,480 4,065
Net amortization of premiums on securities     2,325 2,355
Provision for loan losses 1,961 754 6,281 4,783
Share-based compensation 165 150 597 520
Deferred income tax (benefit) expense     (523) 318
Proceeds from sale of loans held for sale     9,246 10,370
Originations of loans held for sale     (8,458) (11,022)
Income on company owned life insurance (486) (488) (2,340) (1,448)
Net gain on sale of loans held for sale (46) (53) (202) (161)
Net gain on investment securities (426) (286) (2,426) (1,348)
Amortization of tax credit investment   390   390
Net gain on other assets (199)   (285) (20)
Decrease in other assets     3,548 2,830
Increase in other liabilities     1,943 1,819
Net cash provided by operating activities     37,424 35,153
Cash flows from investing activities:        
Purchases of available for sale securities     (192,140) (271,899)
Purchases of held to maturity securities     (90,602) (53,768)
Proceeds from principal payments, maturities and calls on available for sale securities     107,418 118,378
Proceeds from principal payments, maturities and calls on held to maturity securities     48,424 23,826
Proceeds from sales of securities available for sale 23,497 8,112 85,772 37,620
Net loan originations     (204,691) (130,485)
Proceeds from company owned life insurance, net of purchases     2,443 (34)
Proceeds from sales of other assets     602 167
Purchases of premises and equipment     (4,242) (4,957)
Cash consideration paid for acquisition, net of cash acquired     (868)  
Net cash used in investing activities     (247,884) (281,152)
Cash flows from financing activities:        
Net increase in deposits     332,826 302,973
Net decrease in short-term borrowings     (62,900) (93,404)
Issuance of long-term debt       40,000
Debt issuance costs       (1,060)
Purchase of common stock for treasury       (41)
Proceeds from stock options exercised     814 252
Excess tax benefit on share-based compensation, net     10  
Cash dividends paid to common and preferred shareholders     (9,690) (9,538)
Net cash provided by financing activities     261,060 239,182
Net increase (decrease) in cash and cash equivalents     50,600 (6,817)
Cash and cash equivalents, beginning of period     60,121 58,151
Cash and cash equivalents, end of period 110,721 51,334 110,721 51,334
Supplemental information:        
Cash paid for interest     8,144 5,566
Cash paid for income taxes, net of refunds received     4,708 4,257
Noncash investing and financing activities:        
Real estate and other assets acquired in settlement of loans     443 286
Accrued and declared unpaid dividends $ 3,257 $ 3,183 3,257 3,183
Increase in net unsettled security purchases     2,290 2,232
Securities transferred from available for sale to held to maturity (at fair value)       $ 165,238
Common stock issued for acquisition     8,100  
Assets acquired and liabilities assumed in business combinations:        
Fair value of assets acquired     4,848  
Fair value of liabilities assumed     $ 1,845