Cash Flow Statement

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 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201512/31/201612/31/201612/31/20163/31/2017
(in thousands)     
Operating activities 
Net income 23,31225,49024,54025,1266,202
Adjustments to reconcile net income to net cash provided by operating activities 
Provision for loan losses 8,2081452,1911,255492
Depreciation and amortization of property, plant, and equipment 4,6664,4054,1353,563874
Amortization of premiums on investments, net 8849611,3751,06683
Amortization of FDIC indemnification asset, net 5,5973,9796,3795,4741,332
Amortization of intangible assets 7297871,1181,136261
Gain on acquisitions and divestitures, net 0NANANANA
Accretion on acquired loans NA(9,645)(7,109)(4,766)(1,134)
Gain on divestiture, net NA(755)0(3,682)NA
Gain on sale of loans, net (1,211)(671)(501)0NA
Equity-based compensation expense 1833211020957
Restricted stock awards 70336200322280
Issuance of treasury stock to 401(k) plan 00363384142
Loss on sale of property, plant, and equipment, net (158)(113)232383
Loss on sale of other real estate 2,7853,2273,0021,495233
Gain on sale of securities (399)1,385(144)(335)0
Net impairment losses recognized in earnings 32073704,646NA
FHLB debt prepayment fees 05,0081,7020NA
Proceeds from sale of mortgage loans 75,34828,44321,9930NA
Originations of mortgage loans (68,348)(28,681)(19,700)0NA
Decrease in accrued interest receivable 3211,206308454494
Decrease in other operating activities (8,257)5,41318,5346,5031,369
Net cash provided by operating activities 44,51841,68958,51943,08810,688
Investing activities 
Proceeds from sale of securities available for sale 105,934162,44310,999104,9280
Proceeds from maturities, prepayments, and calls of securities available for sale 87,05548,91529,93199,9067,503
Proceeds from maturities and calls of securities held to maturity 25019019025,190NA
Payments to acquire securities available for sale (201,138)(6,047)(81,540)(1,174)NA
Payments to acquire securities held to maturity 0(57,675)(15,003)0NA
Proceeds from (originations of) loans, net (11,662)(64,115)(24,719)(159,243)17,945
Proceeds from (payments for) FHLB stock, net 4704,3491,27913057
Cash proceeds from (paid in) mergers, acquisitions, and divestitures, net (697)178,604(88)29,716NA
Proceeds from the FDIC 14,3114,7702,6834,403818
(Payments to acquire) proceeds from sale of property, plant, and equipment, net (2,292)(1,098)(1,239)(793)(849)
Proceeds from sale of other real estate 6,60210,6196,7227,147806
Net cash provided by (used in) investing activities (1,167)280,955(70,785)110,21026,280
Financing activities 
Increase in noninterest-bearing deposits, net (3,672)68,24633,782(17,482)39,972
Increase (decrease) in interest-bearing deposits, net (75,761)(121,912)(161,282)(37,576)25,284
Increase in federal funds purchased 16,000(16,000)000
Repayments of securities sold under agreements to repurchase, net (17,810)3,43216,872(40,609)(7,352)
Repayments of long-term debt (11,594)NANANANA
Repayments of FHLB and other borrowings, net NA(63,097)(28,945)(48)(15,464)
Redemption of preferred stock 00(2,367)0NA
Proceeds from stock options exercised 85536392119
Excess tax benefit from equity-based compensation 958174NA
Payments for repurchase of treasury stock (28,421)(2,168)(21,525)(23,762)(164)
Payments of common dividends (9,475)(9,200)(9,994)(10,396)(2,719)
Payments of preferred dividends (992)(910)(219)0NA
Net cash provided by financing activities (131,631)(141,551)(173,607)(128,778)39,576
Net increase (decrease) in cash and cash equivalents (88,280)181,093(185,873)24,52076,544
Cash and cash equivalents at beginning of period 144,84756,567237,66051,78776,307
Cash and cash equivalents at end of period 56,567237,66051,78776,307152,851
Supplemental disclosure -- cash flow information 
Cash paid for interest 18,14615,79111,7579,8452,200
Cash paid for income taxes 3,00012,5526,9006,5880
Supplemental transactions -- noncash items 
Transfer of loans to other real estate 18,43812,6206,3175,162372
Loans originated to finance other real estate 3,196671649570

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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