As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD

Operating activities

Net income 38,200 45,355 48,250 53,209

Adjustments to reconcile net income to net cash provided by operating activities

Depreciation and amortization 7,157 7,305 7,958 7,976
Provision for loan losses (163) 5,371 5,546 2,977
Share based compensation expense 1,452 1,979 2,139 2,164
Deferred income tax expense (benefit) 808 (3) 349 6,089
Origination of loans held for sale (137,339) (193,316) (196,726) (142,877)
Proceeds from sales of loans held for sale 137,131 191,232 239,705 149,367
Gains on sales of loans held for sale (1,939) (2,861) (3,877) (3,403)
(Gain)/loss on sales of other real estate owned 161 267 48 (68)
Investment securities gains (5) (36) (1,932) (1,273)
Tax benefits associated with share based compensation NA 350 125 1,809
Net increase in accrued interest receivable (102) (809) (1,146) (891)
Net increase in other assets (6,866) (2,015) (5,134) (9,829)
Net increase in accrued expenses and other liabilities 20,166 (6,267) (2,932) (1,007)
Other - net (4,997) 4,628 (1,873) 5,174
Net cash provided by operating activities 53,664 51,180 90,500 69,417

Investing activities

Proceeds (purchases) of other equity securities (750) 101 (4,758) 576
Purchases of investments held-to-maturity 0 (2,100) 0 0
Purchases of investments available-for-sale 0 (46,190) (287,211) (125,028)
Proceeds from sales of investment available-for-sale 0 0 40,863 2,251
Proceeds from maturities, calls and principal payments of investments held-to-maturity 3,786 12,943 5,004 0
Proceeds from maturities, calls and principal payments of investments available-for-sale 89,076 121,994 298,803 123,762
Net increase in loans (346,373) (372,203) (469,942) (427,773)
Proceeds from the sales of other real estate owned 488 2,112 1,393 1,275
Proceeds from sale of loans held for investment NA 0 0 40,031
Acquisition of business activity, net of cash acquired 0 0 (1,347) 0
Expenditures for premises and equipment (8,564) (8,572) (5,798) (7,441)
Net cash used in investing activities (262,337) (291,915) (422,993) (392,347)

Financing activities

Net increase in deposits 189,284 197,221 313,814 386,118
Net increase/(decrease) in retail repurchase agreements and federal funds purchased 20,590 34,713 15,974 (5,760)
Proceeds from advances from FHLB 1,805,000 2,274,000 2,665,000 3,965,000
Repayment of advances from FHLB (1,765,000) (2,244,000) (2,560,000) (3,989,167)
Retirement of subordinated debt 0 0 (5,000) (30,000)
Proceeds from issuance of common stock 394 1,174 1,580 1,200
Tax benefits associated with shared based compensation 321 NA NA NA
Stock rendered for payment of withholding taxes NA (687) (683) (952)
Repurchase of Common Stock (910) (22,624) (13,273) 0
Dividends paid (19,216) (22,397) (23,676) (25,134)
Net cash provided by financing activities 230,463 217,400 393,736 301,305
Net increase (decrease) in cash and cash equivalents 21,790 (23,335) 61,243 (21,625)
Cash and cash equivalents at beginning of year 74,427 96,217 72,882 134,125
Cash and cash equivalents at end of year 96,217 72,882 134,125 112,500

Supplemental Disclosures

Interest payments 18,833 20,040 21,377 26,377
Income tax payments 15,154 21,060 22,331 31,738
Transfers of investments from held-to-maturity to available-for-sale 0 0 203,118 0
Transfers from loans to residential mortgage loans held for sale 0 0 36,867 39,744
Transfers from loans to other real estate owned 2,446 1,947 637 1,588
Data shown on this page is extracted directly from the company’s documents. S&P 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, S&P, as always, stands by its commitment to the quality of the data.