| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | |||||||||||
Net income | |||||||||||
443 | 454 | 364 | 304 | 279 | 277 | 237 | 237 | 217 | 208 | 179 | 207 |
Adjustments to reconcile net income to net cash from operating activities: | |||||||||||
Credit loss expense | |||||||||||
33 | 21 | 35 | 51 | 51 | 16 | 20 | 10 | 27 | 43 | 65 | 37 |
Deferred tax expense (benefit) | |||||||||||
7 | 52 | -14 | -11 | -19 | -4 | 3 | -6 | 8 | 4 | -9 | 11 |
Accretion of loan discounts | |||||||||||
15 | 14 | 16 | 15 | 14 | 14 | 12 | 10 | 12 | -11 | -13 | -12 |
Securities premium amortization (discount accretion), net | |||||||||||
-115 | -100 | -89 | -79 | -73 | -61 | -41 | -21 | -11 | -8 | -3 | -0 |
Net (gain) loss on securities transactions | |||||||||||
0 | -0 | -4 | 14 | 0 | 0 | 1 | 4 | 6 | 0 | -1 | -0 |
Depreciation and amortization | |||||||||||
54 | 50 | 47 | 48 | 42 | 39 | 38 | 37 | 37 | 37 | 36 | 33 |
Net (gain) loss on sale/write-down of assets/foreclosed assets | |||||||||||
5 | 5 | 4 | 3 | 1 | -0 | -3 | -4 | -4 | -5 | -2 | 2 |
Stock-based compensation | |||||||||||
15 | 13 | 13 | 11 | 12 | 12 | 11 | 12 | 15 | 14 | 12 | 10 |
Tax deficiency from stock-based compensation | |||||||||||
- | - | - | - | - | - | -0 | -0 | -0 | -0 | 0 | 0 |
Net tax benefit from stock-based compensation | |||||||||||
-2 | -3 | -9 | -5 | -1 | -3 | 2 | 0 | 0 | 0 | 0 | 7 |
Earnings on life insurance policies | |||||||||||
3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 |
Net change in: | |||||||||||
Trading account securities | |||||||||||
0 | 2 | 3 | 0 | 1 | -0 | -14 | 16 | -1 | -1 | 1 | 2 |
Lease right-of-use assets | |||||||||||
20 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Student loans held for sale | |||||||||||
- | - | - | - | - | - | - | - | - | -24 | -4 | -34 |
Accrued interest receivable and other assets | |||||||||||
15 | 85 | 55 | 7 | 13 | 73 | 7 | -48 | 15 | -69 | -68 | 148 |
Accrued interest payable and other liabilities | |||||||||||
-18 | -24 | 71 | -5 | -13 | -27 | -170 | -30 | -10 | 22 | -69 | 75 |
Net cash from operating activities | |||||||||||
634 | 562 | 538 | 437 | 394 | 289 | 173 | 299 | 274 | 424 | 273 | 234 |
Investing Activities: | |||||||||||
Securities held-to-maturity - Purchases | |||||||||||
649 | 1 | 0 | 0 | 1 | 0 | 257 | 237 | 83 | 277 | 1 | - |
Securities held to maturity: Sales | |||||||||||
- | - | - | 136 | 0 | 0 | - | - | - | - | - | - |
Securities held to maturity: Maturities, calls and principal repayments | |||||||||||
81 | 300 | 783 | 228 | 209 | 153 | 14 | 2 | 0 | 0 | 1 | 1 |
Securities available for sale: | |||||||||||
Purchases | |||||||||||
23,306 | 18,191 | 13,529 | 16,419 | 14,147 | 19,484 | 11,178 | 18,328 | 8,752 | 11,194 | 12,389 | 7,650 |
Sales | |||||||||||
18,660 | 16,806 | 11,963 | 14,847 | 12,683 | 12,151 | 10,056 | 16,587 | 5,587 | 9,997 | 206 | 4,871 |
Maturities, calls and principal repayments | |||||||||||
4,694 | 221 | 1,328 | 335 | 658 | 4,987 | 1,311 | 1,073 | 729 | 893 | 10,930 | 2,739 |
Proceeds from sale of loans | |||||||||||
24 | 21 | 0 | 30 | 0 | 0 | - | - | - | - | - | - |
Net change in loans | |||||||||||
693 | 1,008 | 1,187 | 538 | 500 | 800 | 317 | 1,241 | -70 | -176 | -403 | 1,130 |
Net cash (paid) received in acquisitions | |||||||||||
- | - | - | 0 | 0 | -830 | 1 | 7 | 0 | - | 1 | 0 |
Benefits received on life insurance policies | |||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | 0 | 0 |
Proceeds from sales of premises and equipment | |||||||||||
8 | 13 | 4 | 58 | 2 | 0 | 18 | 5 | 1 | 1 | 0 | 1 |
Purchases of premises and equipment | |||||||||||
206 | 79 | 34 | 53 | 147 | 131 | 39 | 24 | 26 | 16 | 78 | 67 |
Proceeds from sales of repossessed properties | |||||||||||
0 | 3 | 0 | 0 | 4 | 11 | 8 | 15 | 18 | 19 | 6 | 6 |
Net cash from investing activities | |||||||||||
-1,386 | -1,913 | -670 | -1,373 | -1,238 | -2,282 | -385 | -2,155 | -2,455 | -399 | -919 | -1,229 |
Financing Activities: | |||||||||||
Net change in deposits | |||||||||||
490 | 276 | 1,060 | 1,467 | 207 | 1,823 | 1,191 | 2,740 | 2,277 | 1,166 | 1,804 | 979 |
Net change in short-term borrowings | |||||||||||
327 | 219 | 170 | 83 | 90 | 84 | 107 | -161 | 246 | -6 | -591 | 140 |
Proceeds from issuance of subordinated notes | |||||||||||
0 | 0 | 98 | 0 | 0 | - | - | - | - | - | - | - |
Principal payments on subordinated notes | |||||||||||
0 | 0 | 100 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from long-term borrowings | |||||||||||
- | - | - | - | - | - | - | - | - | - | 230 | - |
Principal payments on long-term borrowings | |||||||||||
- | - | - | - | - | - | 0 | 0 | 150 | 18 | 230 | 7 |
Proceeds from stock option exercises | |||||||||||
20 | 31 | 67 | 78 | 14 | 29 | 68 | 10 | 7 | 38 | 16 | 37 |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | - | - | - | 2 | 0 | 0 | 0 | 0 | 7 |
Proceeds from issuance of preferred stock | |||||||||||
- | - | - | - | - | - | 144 | 0 | 0 | - | - | - |
Purchase of treasury stock | |||||||||||
68 | 101 | 101 | 1 | 101 | 1 | 144 | 0 | 2 | 0 | 0 | 23 |
Cash dividends paid on preferred stock | |||||||||||
8 | 8 | 8 | 8 | 8 | 8 | 6 | 0 | 0 | - | - | - |
Common stock/treasury stock sold to the 401(k) stock purchase plan | |||||||||||
- | - | - | - | - | - | - | - | - | 3 | 2 | - |
Cash dividends paid on common stock | |||||||||||
177 | 165 | 144 | 134 | 132 | 127 | 119 | 116 | 112 | 108 | 102 | 98 |
Net cash from financing activities | |||||||||||
585 | 253 | 1,044 | 1,486 | 71 | 1,800 | 1,243 | 2,472 | 2,267 | 1,074 | 1,129 | 1,035 |
Net change in cash and cash equivalents | |||||||||||
-167 | -1,097 | 911 | 549 | -772 | -192 | 1,031 | 617 | 86 | 1,099 | 484 | 40 |