| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||
Net Income | ||||||||||
105,333 | 107,498 | 55,165 | 59,590 | 50,143 | 44,453 | 41,482 | 41,954 | 15,274 | 22,978 | -20,064 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Provision for credit losses | ||||||||||
14,533 | 12,531 | 5,087 | 18,480 | 14,948 | 11,196 | 19,227 | 20,544 | 55,816 | -61,552 | 100,569 |
Deferred tax (benefit) expense | ||||||||||
2,292 | 3,473 | 20,825 | 5,713 | 12,653 | 4,862 | 12,704 | 2,551 | -1,192 | -4,671 | -29,108 |
Depreciation and amortization | ||||||||||
10,370 | 8,046 | 8,997 | 7,116 | 7,640 | 13,721 | 11,090 | 7,912 | 9,026 | 10,707 | 9,806 |
Net gains on securities and other assets | ||||||||||
10,671 | 21,540 | 9,942 | 5,257 | 729 | -2,832 | -431 | -1,838 | -9,776 | -8,948 | -35,421 |
Net amortization of premiums and discounts on securities | ||||||||||
-3,892 | -3,083 | -3,532 | -4,524 | -2,793 | -2,233 | -543 | -1,381 | -721 | -212 | 232 |
Income from increase in cash surrender value of bank owned life insurance | ||||||||||
5,998 | 5,808 | 5,699 | 5,325 | 5,412 | 5,275 | -5,539 | -5,850 | 5,596 | 5,331 | 4,442 |
Increase in interest receivable | ||||||||||
-423 | 2,561 | 1,314 | 577 | 41 | -542 | -921 | -2,689 | -1,276 | -4,188 | -3,812 |
Net amortization of premiums and discounts on long-term debt | ||||||||||
- | - | - | - | - | -37 | -117 | -113 | -124 | -807 | -2,059 |
Mortgage loans originated for sale | ||||||||||
251,428 | 165,898 | 164,212 | 133,278 | 86,576 | 17,697 | 0 | 0 | - | - | - |
Proceeds from sale of mortgage loans | ||||||||||
251,968 | 177,287 | 163,125 | 136,037 | 85,718 | 15,598 | 0 | 0 | - | - | - |
Increase in interest payable | ||||||||||
-256 | 383 | 426 | -272 | -103 | -404 | -1,172 | -1,280 | -1,423 | -966 | -2,568 |
Decrease in prepaid FDIC insurance | ||||||||||
- | - | - | - | - | - | -9,205 | -4,693 | -5,124 | - | 25,918 |
Increase in income taxes payable | ||||||||||
1,484 | -1,926 | 1,318 | -589 | -354 | 1,860 | -615 | 6,484 | -5,362 | 1,983 | -2,534 |
Net cash provided by operating activities | ||||||||||
107,632 | 135,263 | 88,305 | 89,273 | 72,751 | 82,137 | 85,734 | 78,724 | 84,119 | 110,870 | 57,234 |
Investing Activities | ||||||||||
Transactions with securities held to maturity: | ||||||||||
Proceeds from sale and maturity of held-to-maturity securities | ||||||||||
948 | 0 | 0 | 54,057 | 9,358 | 0 | 0 | - | - | 14,520 | 14,423 |
Purchases | ||||||||||
200 | 20,650 | 102,420 | 45,188 | 380,877 | 0 | 0 | - | - | - | - |
Transactions with securities available for sale: | ||||||||||
Proceeds from Sale of Available-for-sale Securities | ||||||||||
0 | 15,939 | 143,660 | 55,744 | 88,054 | 132,868 | 671 | 0 | 76,914 | 143,503 | 7,589 |
Proceeds from maturities and redemptions of available-for-sale securities | ||||||||||
189,194 | 140,707 | 148,561 | 168,237 | 373,228 | 242,895 | 356,667 | 574,846 | 480,250 | 430,115 | 414,032 |
Purchases of available-for-sale securities | ||||||||||
138,670 | 331,969 | 150,892 | 128,916 | 24,150 | 339,649 | 539,894 | 605,435 | 723,805 | 387,135 | 211,467 |
Purchases of FHLB stock | ||||||||||
36,850 | 52,107 | 45,301 | 37,326 | 65,605 | 40,920 | 18,120 | 0 | 0 | - | - |
Proceeds from the redemption of FHLB stock | ||||||||||
52,215 | 51,488 | 55,212 | 63,780 | 48,029 | 31,819 | 10,904 | 11,568 | 9,063 | 2,572 | 0 |
Proceeds from Life Insurance Policy | ||||||||||
557 | 2,140 | 898 | 467 | 378 | 2,080 | 2,092 | 2,501 | 238 | 0 | 0 |
Proceeds from Sale of Loans Receivable | ||||||||||
37,534 | 40,783 | 14,807 | 18,612 | 3,018 | 3,112 | 20,760 | 15,981 | 5,766 | 0 | 0 |
Proceeds from sale of other assets | ||||||||||
6,822 | 4,477 | 5,568 | 7,765 | 6,407 | 12,882 | 12,713 | 17,660 | 23,756 | 8,778 | 9,070 |
Acquisition, net of cash acquired | ||||||||||
-332,468 | -705 | -3,188 | -479,469 | 3,533 | 3,042 | 0 | 0 | - | - | - |
Net increase in loans | ||||||||||
358,328 | 237,276 | 165,726 | 135,436 | 191,853 | 195,120 | 143,438 | 178,321 | -56,181 | -335,165 | 317,932 |
Payments for Purchase of Other Assets | ||||||||||
- | - | - | - | 0 | 0 | - | - | - | - | - |
Purchases of premises and equipment | ||||||||||
17,380 | 9,599 | 11,591 | 7,491 | 4,887 | 10,980 | 9,635 | 10,182 | 8,320 | 4,886 | 6,655 |
Net cash used in investing activities | ||||||||||
122,942 | -347,748 | -52,797 | 493,774 | -142,433 | -164,055 | -307,280 | -171,382 | -79,957 | 542,632 | -90,940 |
Financing Activities | ||||||||||
Net increase (decrease) in federal funds purchased | ||||||||||
11,000 | -11,000 | 0 | 4,000 | 5,000 | 7,000 | 18,000 | 41,300 | -62,500 | 92,200 | 63,600 |
Net decrease in other short-term borrowings | ||||||||||
-508,970 | 3,357 | -160,477 | -638,882 | 409,949 | 486,261 | 288,387 | 84,750 | 62,417 | -678,871 | -117,205 |
Net increase in deposits | ||||||||||
308,783 | 176,558 | 149,175 | 132,180 | -209,928 | -288,352 | 46,006 | 53,256 | -113,090 | 82,197 | 255,671 |
Repayments of other long-term debt | ||||||||||
634 | 23,598 | 588 | 565 | 80,145 | 59,889 | 29,969 | 25,480 | 24,561 | 117,142 | 13,139 |
Proceeds from Issuance of Long-term Debt | ||||||||||
50,000 | 98,026 | 0 | 0 | - | 5,000 | 0 | 100,000 | 29,600 | 50,000 | 2,403 |
Repayments of Long-term Capital Lease Obligations | ||||||||||
402 | 373 | 260 | 0 | 0 | - | - | - | - | - | - |
Repayments of subordinated debentures | ||||||||||
- | - | - | - | - | - | 34,702 | 0 | 0 | - | - |
Proceeds from issuance of common stock | ||||||||||
- | - | - | - | - | - | - | - | 144 | 83,913 | 0 |
Discount on dividend reinvestment plan purchases | ||||||||||
- | - | - | - | - | 65 | 112 | 92 | 63 | 33 | 369 |
Dividends paid | ||||||||||
39,394 | 34,849 | 30,513 | 24,907 | 25,089 | 26,174 | 22,344 | 18,759 | 12,558 | 5,306 | 29,677 |
Proceeds from reissuance of treasury stock | ||||||||||
211 | 208 | 228 | 216 | 192 | 192 | 176 | 1,028 | 72 | 4,248 | 484 |
Purchase of treasury stock | ||||||||||
6,259 | 26,189 | 1,458 | 864 | 25,383 | 30,956 | 33,439 | 36,242 | 9 | 9 | 18 |
Stock option tax benefit | ||||||||||
- | - | - | - | - | - | - | 1 | 6 | 0 | 149 |
Net cash provided by financing activities | ||||||||||
-207,665 | 204,140 | -43,893 | -536,822 | 64,596 | 79,017 | 196,003 | 117,162 | 4,458 | -673,203 | 34,699 |
Net increase in cash and cash equivalents | ||||||||||
22,909 | -8,345 | -8,385 | 46,225 | -5,086 | -2,901 | -25,543 | 24,504 | 8,620 | -19,701 | 993 |
Distribution from unconsolidated subsidiary | ||||||||||
0 | 9,000 | 0 | 0 | - | - | - | - | - | - | - |
Increase (Decrease) in Other Operating Assets and Liabilities, Net | ||||||||||
14,310 | -11,695 | -10,997 | -3,111 | 7,929 | -8,253 | 2,426 | 4,079 | -803 | -12,077 | 5,449 |