CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
| Net Income |
$ 8,398
|
$ 30,069
|
$ 23,082
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Net amortization (accretion) of premiums and discounts on investments |
|
2,724
|
2,209
|
| Provision for loan losses |
1,050
|
2,361
|
3,650
|
| Securities (gains) losses |
(9)
|
(26)
|
(23)
|
| (Gain) loss on sale of other real estate |
|
89
|
76
|
| Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation |
0
|
(12,822)
|
0
|
| Restricted stock compensation |
|
513
|
513
|
| Depreciation and amortization |
|
3,685
|
4,159
|
| Other, net |
|
820
|
(18)
|
| NET CASH FROM OPERATING ACTIVITIES |
|
27,413
|
33,648
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
| Proceeds from sales of securities available-for-sale |
|
0
|
3,465
|
| Calls, maturities and principal reductions on securities available-for-sale |
|
114,941
|
110,221
|
| Purchases of securities available-for-sale |
|
(83,544)
|
(101,766)
|
| Increase (Decrease) in Federal Funds Sold |
|
(34,690)
|
8,000
|
| Loans made to customers, net of repayment |
|
(61,262)
|
11,378
|
| Proceeds from Sale of Restricted Investments |
|
0
|
5,576
|
| Payments to Acquire Restricted Investments |
|
(10)
|
(10)
|
| Proceeds from sales of other real estate owned |
|
1,031
|
1,412
|
| Additions to premises and equipment |
|
(2,358)
|
(2,562)
|
| NET CASH FROM INVESTING ACTIVITIES |
|
(48,997)
|
35,611
|
| Payments To Acquire Customer List |
|
|
(103)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
| Net change in deposits |
|
36,823
|
(38,662)
|
| Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase |
|
(2,461)
|
(24,679)
|
| Maturities of other borrowings |
|
(6,672)
|
(30,212)
|
| Proceeds from Federal Home Loan Bank Borrowings |
|
4,350
|
30,800
|
| Purchase of treasury stock |
(4,326)
|
(19,396)
|
(8,698)
|
| Dividends paid |
|
(12,359)
|
(12,632)
|
| NET CASH FROM FINANCING ACTIVITIES |
(84,083)
|
285
|
|
| NET CHANGE IN CASH AND CASH EQUIVALENTS |
|
(21,299)
|
(14,824)
|
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD |
|
88,695
|
78,102
|
| CASH AND CASH EQUIVALENTS, END OF PERIOD |
63,278
|
67,396
|
$ 63,278
|
| Proceeds from sale |
$ 0
|
$ 16,895
|
|