Financial Statements (As Reported)

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Operating activities

Net income $57,486 $57,786 $68,051 $82,414 $70,061

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

Provision for loan and lease losses $2,160 $5,833 $8,980 $19,462 $12,882
Depreciation of premises and equipment $4,780 $5,245 $5,658 $5,620 $4,412
Depreciation of equipment owned and leased to others $18,280 $21,678 $25,215 $26,248 $19,122
Stock-based compensation $3,843 $2,884 $2,963 $3,553 $2,069
Amortization of investment securities premiums and accretion of discounts, net $4,652 $5,861 $5,449 $3,477 $2,857
Amortization of mortgage servicing rights $1,424 $1,478 $1,092 $956 $879
Deferred income taxes $1,620 $2,856 $2,767 ($550) ($4,586)
Losses on investment securities available-for-sale ($4) ($1,796) ($4,340) $345 0
Originations of loans held for sale, net of principal collected ($113,029) ($119,134) ($101,104) ($78,450) ($100,903)
Proceeds from the sales of loans held for sale $120,138 $116,397 $106,811 $82,127 $85,400
Net gain on sale of loans held for sale ($3,330) ($3,287) ($2,981) ($1,844) ($1,861)
Net gain on sale of other real estate and repossessions ($814) ($228) ($251) ($561) ($473)
Change in trading account securities $205 NA NA NA NA
Net gain on sale of premises and equipment NA NA NA NA ($1,289)
Change in interest receivable ($549) ($1,326) ($2,119) ($1,747) ($1,717)
Change in interest payable $798 $570 $1,222 $2,997 $5,885
Change in other assets ($8,230) $2,145 ($1,434) ($8,076) ($15,496)
Change in other liabilities $8,010 $648 ($3,268) $7,375 $4,648
Other $3,168 $450 $4,550 $1,028 $1,348
Net change in operating activities $100,608 $98,060 $117,261 $144,374 $83,238

Investing activities

Proceeds from sales of investment securities available-for-sale $1,299 $23,784 $228,715 $11,392 0
Proceeds from maturities and paydowns of investment securities available-for-sale $136,649 $217,613 $177,466 $145,167 $128,257
Purchases of investment securities available-for-sale ($147,771) ($313,074) ($469,385) ($255,205) ($153,310)
Proceeds from liquidation of partnership investment $423 $2,903 $128 $1,868 $25
Net change in other investments ($1,172) ($485) ($3,495) ($2,451) 0
Loans sold or participated to others $1,962 $5,926 $32,004 $22,835 $50,140
Proceeds from principal payments on direct finance leases NA NA NA NA $56,798
Net change in loans and leases ($315,938) ($209,668) ($382,386) ($355,504) ($386,170)
Net change in equipment owned under operating leases ($54,508) ($30,100) ($46,003) ($21,107) ($3,975)
Purchases of premises and equipment ($9,498) ($8,935) ($5,444) ($3,058) ($6,091)
Proceeds from disposal of premises and equipment NA NA NA NA $3,427
Proceeds from sales of other real estate and repossessions $6,941 $2,189 $6,194 $13,433 $9,522
Net change in investing activities ($381,613) ($309,847) ($462,206) ($442,630) ($301,377)

Financing activities

Net change in demand deposits and savings accounts $173,508 $278,666 $205,649 $171,799 $17,518
Net change in time deposits $162,818 ($84,092) $213,321 $197,793 $251,839
Net change in short-term borrowings ($12,593) $58,714 ($77,348) ($15,251) ($2,193)
Proceeds from issuance of long-term debt 0 $20,837 $19,999 0 NA
Payments on long-term debt ($1,250) ($6,429) ($26,628) ($1,735) ($2,499)
Stock issued under stock purchase plans $149 $120 $153 $145 $49
Acquisition of treasury stock ($9,970) ($8,030) ($41) ($9,271) ($15,085)
Net change in noncontrolling interests NA 0 0 $1,508 $18,325
Cash dividends paid on common stock ($18,126) ($19,416) ($20,431) ($25,686) ($21,409)
Net change in financing activities $294,536 $240,370 $314,674 $319,302 $246,545
Net change in cash and cash equivalents $13,531 $28,583 ($30,271) $21,046 $28,406
Cash and cash equivalents, beginning of year $66,190 $79,721 $108,304 $78,033 $99,079
Cash and cash equivalents, end of period $79,721 $108,304 $78,033 $99,079 $127,485

Supplemental Information

Non-cash transactions

Loans transferred to other real estate and repossessed assets $8,742 $4,961 $8,135 $11,007 $10,740
Common stock matching contribution to Employee Stock Ownership and Profit Sharing Plan $500 $800 $1,426 $583 $300
Stock dividend paid on common stock $90,003 NA NA NA NA
Right of use assets obtained in exchange for lease obligations NA NA NA NA $16,006

Cash paid for

Interest $17,364 $21,531 $25,531 $40,413 NA
Income taxes $30,429 $19,866 $10,567 $8,272 NA
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.
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