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Cash Flow Statement

Entire IR Site Press Releases Only Filings Only
As-reported financial charting
 2013 Y2014 Y2015 Y2016 Y2017 Q3 YTD
Source Document12/31/201512/31/201612/31/201612/31/20169/30/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Cash Flows from Operating Activities 
Net income 28,72632,77439,00649,69450,433
Adjustments to reconcile net income to net cash provided by operating activities 
Stock-based and non-cash compensation 1,0791,1871,4181,8031,935
Depreciation 5,4665,5725,6977,2956,084
Amortization of intangible assets 3,1322,8843,1924,4383,675
Provision for loan losses 7,5002,0001,6005,5502,494
Provision for deferred income taxes 10,11012,7152,9852,953(3,480)
Amortization of security premiums and discounts, net 8,7447,3058,3606,8774,172
Accretion of premiums and discounts on time deposits, trust preferred securities and borrowing, net NA00(669)(232)
Accretion of premiums and discounts on portfolio loans, net 00(1,476)(7,429)(6,329)
Net security gains (553)(776)(380)(1,232)(1,143)
Gain on sales of mortgage loans, net of origination costs (10,227)(4,723)(5,843)(28,299)(36,911)
Mortgage loans originated for sale (450,226)(222,976)(267,737)(1,822,027)(1,166,083)
Proceeds from sales of mortgage loans 486,616231,139276,3771,767,2201,314,779
Net (gains) losses on disposition of premises and equipment (533)(19)355251(57)
Increase in deferred compensation (49)363201142NA
Premises and equipment impairment 006707560
Increase in cash surrender value of bank owned life insurance (1,189)(796)(1,454)(1,522)(1,604)
Change in assets and liabilities 
Decrease in other assets 9,6202,112(137)(407)14,049
(Decrease) increase in other liabilities (63)(650)(1,329)(6,288)(5,513)
Net cash provided by operating activities before activities for loans originated for sale 61,763NANANANA
Increase (decrease) in interest payable NANANANA1,650
Decrease (increase) in income taxes receivable NANANANA1,435
Net cash provided by (used in) operating activities before activities 98,15368,11161,505(20,894)179,354
Cash Flows from Investing Activities 
Proceeds from sales of securities classified available for sale 16,36574,11325,06852,587134,515
Proceeds from sales of securities classified held to maturity NA003990
Proceeds from maturities of securities classified available for sale 203,908185,329200,780241,304154,435
Proceeds from maturities of securities classified held to maturity 0104803,8116,358
Purchase of securities classified available for sale (83,718)(182,123)(235,291)(180,447)(128,425)
Purchase of securities classified held to maturity (839)(1,026)(16,287)(2,103)(185,201)
Net (increase) decrease in portfolio loans (258,366)(126,604)(118,398)(1,294)(98,040)
Proceeds from disposition of premises and equipment 2,856783122,485622
Proceeds from sale of other real estate owned (“OREO”) properties 3,6452,7391,0904,4984,069
Purchases of premises and equipment (2,549)(3,778)(4,114)(8,991)(11,336)
Net cash received in acquisitions 0012,11425,57529,947
Proceeds from the redemption of Federal Home Loan Bank (“FHLB”) stock NA0035,3978,213
Purchase of FHLB stock NA00(23,478)(3,891)
Net cash (used in) provided by investing activities (118,698)(51,262)(134,246)149,743(88,734)
Cash Flows from Financing Activities 
Net decrease in certificates of deposit (108,828)(86,300)(86,574)(173,385)(92,596)
Net decrease in demand, money market and savings deposits (2,326)118,010232,93131,322(42,414)
Net increase in securities sold under agreements to repurchase 33,32426,545(25,921)(6,655)4,443
Principal payments on long-term debt (7,000)NANANANA
Proceeds from short-term borrowings, net NA00(104,000)53,150
Repayment of long-term advances NA00(4,906)(39,800)
Proceeds from long-term debt 050,00030,0000NA
Net proceeds from issuance of senior debt NANANANA39,326
Net proceeds from issuance of subordinated debt NANANANA58,986
Cash dividends paid (14,040)(17,224)(18,619)(22,748)(21,971)
Cash payment for fractional shares related to reverse stock split 00(5)0NA
Value of shares surrendered upon vesting to satisfy tax withholding obligations of stock-based compensation (237)(45)(269)(809)(1,975)
Redemption of SBLF preferred stock 00(72,664)0NA
Proceeds from stock options exercised NA004165
Common stock issuance costs NA00(246)(259)
Purchase of treasury stock 00(6,296)0NA
Net cash (used in) financing activities (99,107)90,98652,583(281,423)(42,945)
Net increase in cash and cash equivalents (119,652)107,835(20,158)(152,574)47,675
Cash and cash equivalents, beginning of period 351,255231,603339,438319,280166,706
Cash and cash equivalents, ending of period 231,603339,438319,280166,706214,381
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION 
Cash payments for 
Interest 9,0866,6656,2829,67411,485
Income taxes 4,7496,39517,17020,18619,369
Non-cash investing and financing activities 
Real estate acquired in settlement of loans 2,0686601,2512,775477


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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