| 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 | ||||||||||
92,015 | 82,414 | 68,051 | 57,786 | 57,486 | 58,069 | 54,958 | 49,633 | 48,195 | 41,244 | 25,490 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Provision for loan and lease losses | ||||||||||
15,833 | 19,462 | 8,980 | 5,833 | 2,160 | 3,733 | 772 | 5,752 | 3,129 | 19,207 | 31,101 |
Depreciation of premises and equipment | ||||||||||
5,790 | 5,620 | 5,660 | 5,245 | 4,780 | 4,748 | 4,727 | 4,241 | 3,733 | 4,132 | 4,605 |
Depreciation of equipment owned and leased to others | ||||||||||
- | - | - | 21,678 | 18,280 | 13,893 | 13,055 | 15,202 | 18,650 | 20,715 | 20,515 |
Stock-based compensation | ||||||||||
2,765 | 3,553 | 2,963 | 2,884 | 3,843 | 3,179 | 2,897 | - | - | - | - |
Amortization of investment securities premiums and accretion of discounts, net | ||||||||||
-4,014 | -3,477 | -5,449 | -5,861 | -4,652 | -4,351 | -3,499 | -4,214 | -2,260 | -1,576 | -5,304 |
Amortization of mortgage servicing rights | ||||||||||
1,312 | 956 | 1,092 | 1,478 | 1,424 | 1,278 | 1,571 | 2,921 | 2,907 | 3,277 | 3,331 |
Amortization of right of use assets | ||||||||||
3,046 | 0 | 0 | - | - | - | - | - | - | - | - |
Mortgage servicing asset recoveries | ||||||||||
- | - | - | - | - | - | - | -238 | 238 | -1 | -2,072 |
Deferred income taxes | ||||||||||
-5,730 | -550 | 2,767 | 2,856 | 1,620 | 4,341 | -1,947 | -7,641 | 3,634 | -1,055 | 5,687 |
Gains on investment securities available-for-sale | ||||||||||
0 | -345 | 4,340 | 1,796 | 4 | 963 | -168 | 282 | 1,399 | 2,293 | 1,687 |
Originations of loans held for sale, net of principal collected | ||||||||||
145,097 | 78,450 | 101,104 | 119,134 | 113,029 | 121,440 | 102,195 | 210,276 | 107,974 | 411,541 | 577,949 |
Proceeds from the sales of loans held for sale | ||||||||||
139,050 | 82,127 | 106,811 | 116,397 | 120,138 | 117,447 | 110,390 | 219,269 | 130,400 | 412,019 | 602,126 |
Net gain on sale of loans held for sale | ||||||||||
2,940 | 1,844 | 2,981 | 3,287 | 3,330 | 3,532 | 3,395 | 7,228 | 2,471 | 6,427 | 4,140 |
Net gain on sale of other real estate and repossessions | ||||||||||
487 | 561 | 251 | 228 | 814 | 1,624 | 499 | - | - | - | - |
Net gain on sale of premises and equipment | ||||||||||
1,251 | 128 | 300 | - | - | - | - | - | - | - | - |
Change in trading account securities | ||||||||||
- | - | - | - | -205 | 13 | 46 | 14 | -6 | 13 | 25 |
Change in interest receivable | ||||||||||
245 | 1,747 | 2,119 | 1,326 | 549 | 603 | -160 | -928 | -592 | -1,969 | -1,723 |
Change in interest payable | ||||||||||
4,968 | 2,997 | 1,222 | 570 | 798 | -917 | -1,883 | -1,001 | -2,514 | -4,728 | -3,944 |
Change in other assets | ||||||||||
-11,213 | 7,048 | -551 | -2,145 | 8,230 | 9,848 | -7,846 | -15,571 | -15,950 | -22,100 | 17,676 |
Change in other liabilities | ||||||||||
13,492 | 21,884 | 19,364 | 648 | 8,010 | -2,481 | -3,770 | 1,254 | 6,274 | 8,387 | -21,937 |
Other | ||||||||||
-1,734 | -940 | -2,670 | -450 | -3,168 | -2,733 | -738 | -888 | -2,798 | -2,700 | -794 |
Net change in operating activities | ||||||||||
164,606 | 159,695 | 139,698 | 98,060 | 100,608 | 72,351 | 87,046 | 93,193 | 124,408 | 111,268 | 71,246 |
Investing activities: | ||||||||||
Proceeds from sales of investment securities available-for-sale | ||||||||||
0 | 11,392 | 228,715 | 23,784 | 1,299 | 1,236 | 48,888 | 61,001 | 133,241 | 83,089 | 240,325 |
Proceeds from maturities and paydowns of investment securities available-for-sale | ||||||||||
317,295 | 145,167 | 177,466 | 217,613 | 136,649 | 190,323 | 175,875 | 295,241 | 353,170 | 431,137 | 515,216 |
Purchases of investment securities available-for-sale | ||||||||||
351,189 | 255,205 | 469,385 | 313,074 | 147,771 | 148,841 | 201,029 | 355,811 | 388,376 | 572,172 | 937,217 |
Net change in partnership investments | ||||||||||
33,840 | 13,669 | 24,489 | - | - | - | - | - | - | - | - |
Proceeds from liquidation of partnership investment | ||||||||||
- | - | - | 2,903 | 423 | 570 | - | - | - | - | - |
Net change in other investments | ||||||||||
10 | 2,451 | 3,495 | 485 | 1,172 | -1,599 | -209 | 3,635 | -2,369 | -3,605 | 72 |
Loans sold or participated to others | ||||||||||
53,369 | 22,835 | 32,004 | 5,926 | 1,962 | 16,889 | 25,054 | 28,919 | 20,254 | 19,311 | 17,805 |
Proceeds from principal payments on direct finance leases | ||||||||||
69,188 | 50,457 | 75,268 | - | - | - | - | - | - | - | - |
Net change in loans and leases | ||||||||||
392,475 | 405,961 | 457,654 | 209,668 | 315,938 | 165,463 | 255,345 | 273,439 | 64,167 | 35,428 | -145,223 |
Net change in equipment owned under operating leases | ||||||||||
2,495 | 21,107 | 46,003 | 30,100 | 54,508 | 27,069 | 21,849 | -2,176 | 10,063 | 1,850 | 34,457 |
Purchases of premises and equipment | ||||||||||
8,033 | 3,058 | 5,444 | 8,935 | 9,498 | 8,489 | 6,508 | 9,478 | 11,417 | 2,515 | 2,256 |
Proceeds from disposal of premises and equipment | ||||||||||
3,418 | 216 | 2,180 | - | - | - | - | - | - | - | - |
Proceeds from sales of other real estate and repossessions | ||||||||||
10,855 | 13,433 | 6,194 | 2,189 | 6,941 | 10,418 | 3,307 | - | - | - | - |
Net Cash Provided by (Used in) Investing Activities | ||||||||||
-333,917 | -457,951 | -484,643 | -309,847 | -381,613 | -128,827 | -231,398 | -255,026 | 35,011 | -74,823 | -55,433 |
Financing activities: | ||||||||||
Net change in demand deposits and savings accounts | ||||||||||
54,272 | 171,799 | 205,649 | 278,666 | 173,508 | 102,130 | 166,683 | 223,037 | 39,919 | 126,079 | 317,699 |
Net change in time deposits | ||||||||||
180,732 | 197,793 | 213,321 | -84,092 | 162,818 | 47,080 | -137,380 | -118,831 | -142,523 | -155,798 | -179,777 |
Net change in short-term borrowings | ||||||||||
-53,451 | -15,251 | -77,348 | 58,714 | -12,593 | -68,309 | 144,943 | 43,954 | -30,755 | 5,879 | -146,065 |
Proceeds from issuance of long-term debt | ||||||||||
0 | 0 | 19,999 | 20,837 | 0 | 7,161 | 6,502 | 36,169 | 11,427 | 16,163 | 1,014 |
Payments on subordinated notes | ||||||||||
- | - | - | - | - | - | - | 30,928 | 0 | - | - |
Payments on long-term debt | ||||||||||
2,695 | 1,735 | 26,628 | 6,429 | 1,250 | 11,660 | 21,119 | 5,673 | 1,073 | 11,134 | 11,382 |
Stock issued under stock purchase plans | ||||||||||
49 | 145 | 153 | 120 | 149 | 197 | 168 | 3,935 | 2,953 | 2,873 | 1,663 |
Acquisition of treasury stock | ||||||||||
15,085 | 9,271 | 41 | 8,030 | 9,970 | 16,342 | 2,273 | 3,701 | 2,241 | 2,142 | 1,299 |
Net change in noncontrolling interests | ||||||||||
18,796,000 | 1,508,000 | 0 | 0 | - | - | - | - | - | - | - |
Net proceeds from issuance of preferred stock & common stock warrants | ||||||||||
- | - | - | - | - | - | - | - | - | - | 111,000 |
Redemption of preferred stock | ||||||||||
- | - | - | - | - | - | - | - | - | 111,000 | - |
Repurchase of common stock warrant | ||||||||||
- | - | - | - | - | - | - | - | 3,750 | - | - |
Cash dividends paid on preferred stock | ||||||||||
- | - | - | - | - | - | - | - | - | 5,519 | 4,502 |
Cash dividends paid on common stock | ||||||||||
29,021 | 25,686 | 20,431 | 19,416 | 18,126 | 17,643 | 17,054 | 16,522 | 15,921 | 15,076 | 14,520 |
Net change in financing activities | ||||||||||
153,597 | 319,302 | 314,674 | 240,370 | 294,536 | 42,614 | 140,470 | 131,440 | -141,964 | -149,675 | 73,831 |
Net change in cash and cash equivalents | ||||||||||
-15,714 | 21,046 | -30,271 | 28,583 | 13,531 | -13,862 | -3,882 | -30,393 | 17,455 | -113,230 | 89,644 |
Supplemental Information: | ||||||||||
Non-cash transactions: | ||||||||||
Loans transferred to other real estate and repossessed assets | ||||||||||
14,807 | 11,007 | 8,135 | 4,961 | 8,742 | 7,154 | 7,942 | 3,425 | 15,633 | 18,075 | 19,393 |
Common stock matching contribution to Employee Stock Ownership and Profit Sharing Plan | ||||||||||
300 | 583 | 1,426 | 800 | 500 | 0 | 2,801 | 2,643 | 2,420 | 2,545 | 1,254 |
Right of use assets obtained in exchange for lease obligations | ||||||||||
17,064 | 0 | 0 | - | - | - | - | - | - | - | - |
Stock dividend paid on common stock | ||||||||||
- | - | - | - | 90,003 | 0 | 0 | - | - | - | - |
Cash paid for: | ||||||||||
Interest | ||||||||||
54,043 | 40,413 | 25,531 | 21,531 | 17,364 | 19,143 | 24,651 | 31,309 | 41,637 | 57,857 | 76,145 |
Income taxes | ||||||||||
5,585 | 8,272 | 10,567 | 19,866 | 30,429 | 29,211 | 33,831 | 33,833 | 19,867 | 17,404 | 8,903 |
Leased equipment | ||||||||||
Depreciation of equipment owned and leased to others | ||||||||||
25,128 | 26,248 | 25,215 | - | - | - | - | - | - | - | - |