XML 32 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows From Operating Activities:    
Net income $ 18,243 $ 17,962
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,171 4,940
Net gains on sales of securities (4,003) (2,401)
Provision for loan losses 500 800
Stock-based compensation expense 1,435 1,050
Deferred income tax expense (benefit) 935 (55)
(Decrease) increase in income tax liability (1,030) 1,194
Increase in pension liability 1,741 624
Other operating activities, net (1,105) 881
Net cash provided by operating activities 21,887 24,995
Cash Flows From Investing Activities:    
Proceeds from sales of securities available-for-sale 94,666 33,234
Proceeds from maturities of securities available-for-sale 10,682 6,920
Purchase of securities available-for-sale (83,614) (96,704)
Net decrease (increase) in loans 51,503 (11,042)
Increase in payments in excess of funding (24,517) (12,653)
Purchases of premises and equipment, net (3,400) (1,198)
Environmental management acquisition    (7,798)
Net cash provided by (used in) investing activities 45,320 (89,241)
Cash Flows From Financing Activities:    
Net increase in noninterest-bearing demand deposits 3,107 8,721
Net increase (decrease) in interest-bearing demand and savings deposits 1,549 (6,413)
Net decrease in time deposits (7,527) (2,342)
Net increase in accounts and drafts payable 41,970 53,743
Cash dividends paid (6,207) (5,298)
Distribution of stock awards, net (880) (321)
Net cash provided by financing activities 32,012 48,090
Net increase (decrease) in cash and cash equivalents 99,219 (16,156)
Cash and cash equivalents at beginning of period 141,088 235,962
Cash and cash equivalents at end of period 240,307 219,806
Supplemental information:    
Cash paid for interest 4,328 2,401
Cash paid for income taxes $ 5,858 $ 4,966