INDB Stock Cash Flow Statements

Independent Bank Corp Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Independent Bank Corp Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2013-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31

cash flow from operating activities
net income	51,101,000	44,424,000	50,034,000	42,947,000	51,330,000	47,770,000	54,803,000	60,808,000	62,644,000	61,247,000	77,043,000	71,897,000	61,776,000	53,097,000	1,702,000	40,007,000	37,572,000	41,711,000	34,641,000	34,873,000	24,902,000	26,751,000	47,477,000	51,845,000	30,628,000	35,225,000	29,934,000	10,589,000	11,601,000	8,874,000	12,183,000	11,169,000	11,959,000	11,120,000	11,188,000	11,838,000	11,145,000	8,030,000	9,227,000	9,101,000	6,841,000	659,000	6,388,000	3,021,000	8,815,000	5,820,000	6,308,000	7,730,000	8,312,000	5,713,000	6,626,000	8,102,000	8,555,000	8,290,000	7,904,000
adjustments to reconcile net income to net cash from operating activities
depreciation and amortization	9,161,000	10,292,000	9,389,000	10,315,000	10,896,000	10,289,000	8,527,000	9,192,000	8,750,000	9,633,000	9,271,000	9,571,000	9,838,000	10,119,000	8,238,000	8,232,000	8,126,000	8,228,000	6,191,000	6,959,000	7,120,000	6,992,000	5,520,000	8,897,000	1,374,000	3,648,000	3,906,000	2,222,000	2,554,000	2,757,000	2,589,000	2,456,000	2,282,000	2,518,000	2,378,000	5,123,000	1,841,000	1,796,000	1,120,000	-1,555,000	3,862,000	1,809,000	1,628,000	1,608,000	1,432,000	1,700,000	1,434,000	961,000	1,111,000	1,570,000	1,651,000	1,680,000	1,329,000	1,446,000	1,463,000
change in unamortized net loan costs and fees	-333,000	-338,000	-669,000	-473,000	-327,000	-270,000	-657,000	-382,000	-288,000	-529,000
accretion of acquired loans	-235,000	-410,000		-171,000	-75,000	-147,000				-305,000				-84,000
benefit from credit losses	7,200,000	15,000,000	7,500,000	19,500,000	4,250,000	5,000,000	5,500,000							-2,000,000	35,705,000	-10,000,000	-5,000,000	-2,500,000	0	7,500,000
deferred income tax expense	-574,000	1,021,000		1,270,000	1,248,000	2,584,000	2,725,000	-326,000	-305,000	644,000		-232,000	-140,000	643,000	2,819,000	-198,000	-98,000	567,000	-20,308,000	-243,000	-63,000	3,108,000	10,423,000	-228,000	-140,000	539,000	-4,673,000	2,552,000														1,554,000	3,517,000								10,000	1,129,000	1,288,000
net gain on equity securities	-71,000	-98,000		-685,000	107,000	-609,000					242,000	742,000
net income on bank premises and equipment	18,000	74,000		0	56,000	12,000		189,000	36,000	79,000		-209,000	20,000	406,000		-28,000	56,000	4,000		-5,000	-52,000	420,000
stock based compensation	2,948,000	1,896,000	1,570,000	1,514,000	2,139,000	1,300,000	1,656,000	1,128,000	1,921,000	1,672,000	981,000	1,017,000	1,632,000	834,000	842,000	707,000	1,610,000	1,150,000	826,000	868,000	1,579,000	850,000	990,000	981,000	1,517,000	915,000	1,064,000		627,000	698,000	853,000	566,000	565,000	636,000	716,000	460,000	463,000	467,000	276,000	242,000	249,000	198,000	85,000
increase in cash surrender value of life insurance policies	-2,038,000	-2,065,000	-2,152,000	-2,006,000	-2,000,000	-1,928,000	-2,091,000	-1,983,000	-1,949,000	-1,854,000	-2,136,000	-1,883,000	-1,871,000	-1,795,000	-1,923,000	-1,596,000	-1,589,000	-1,323,000	-1,460,000	-1,314,000	-1,312,000	-1,276,000	-1,441,000	-1,304,000	-1,296,000	-972,000	-1,131,000	-904,000	-2,064,000	-738,000	-713,000
gain on life insurance benefits			-194,000	0	0	-263,000	-180,000	-1,924,000			-691,000	-477,000			0	0	0	-258,000	-352,000	0	-335,000	-357,000	0				0
operating lease payments	-3,437,000	-3,991,000	-3,804,000	-3,395,000	-3,372,000	-3,447,000	-3,482,000	-3,473,000	-3,476,000	-3,432,000	-3,429,000	-3,430,000	-3,407,000	-9,030,000	-8,463,000	-2,905,000	-3,011,000	-3,077,000	-3,037,000	-3,012,000	-2,961,000	-2,926,000	-2,871,000	-2,828,000	-2,805,000	-2,165,000
change in fair value on loans held for sale	-266,000	-57,000	187,000	16,000	-113,000	-70,000	-128,000	28,000	-14,000	17,000	-168,000	194,000	-122,000	548,000	145,000	75,000	-305,000	1,764,000	-44,000	-413,000	-1,753,000	914,000	370,000	-272,000	-919,000	-1,000	198,000		-676,000	-381,000	269,000	73,000	-282,000	-8,000	-639,000
net change in:
trading assets	15,000	-571,000	165,000	-26,000	375,000	228,000	-511,000	1,000	-8,000	-581,000	-350,000	99,000	319,000	-236,000	-216,000	-65,000	-170,000	-431,000	-226,000	-71,000	-294,000	-68,000	-216,000	-24,000	-102,000	-333,000	77,000		0	0	-265,000	-256,000	555,000	-18,000	-924,000	-179,000	-255,000	236,000	-1,228,000	16,919,000	-164,000	-20,346,000	121,000
loans held for sale	-8,002,000	-1,196,000	8,801,000	1,575,000	-6,397,000	-4,902,000	-2,242,000	2,551,000	-5,433,000	1,656,000	2,465,000	-2,936,000	3,908,000	17,987,000	8,729,000	-8,067,000	16,376,000	14,708,000	-3,347,000	-8,905,000	114,000	-11,363,000	22,260,000	67,892,000	-31,066,000	846,000	3,802,000	1,511,000	-19,407,000	917,000	-2,615,000	1,583,000	-9,619,000	-3,604,000	19,913,000	-6,596,000	-4,956,000	-8,795,000	5,896,000	694,000	10,706,000	-2,680,000	-13,835,000
other assets	43,412,000	-10,384,000	-47,440,000	36,551,000	-3,584,000	-1,025,000	25,821,000	-18,220,000	-1,423,000	17,326,000	33,011,000	-6,128,000	-8,425,000	46,805,000	76,865,000	-62,693,000	8,492,000	70,901,000	54,567,000	-9,259,000	-39,431,000	-151,830,000	17,774,000	-30,576,000	-28,769,000	1,721,000	12,682,000	7,844,000	-7,102,000	-8,869,000	3,835,000	-2,704,000	-23,350,000	-19,806,000	13,378,000	8,546,000	-3,841,000	-25,531,000	5,218,000	-38,046,000	4,603,000	45,834,000	-250,000
other liabilities	9,470,000	-40,255,000	34,110,000	-36,695,000	11,116,000	-2,988,000	-34,140,000	28,176,000	26,194,000	-40,844,000	-3,445,000	63,718,000	33,533,000	-38,582,000	-86,770,000	79,556,000	1,912,000	-53,201,000	-13,024,000	2,317,000	-5,614,000	92,461,000	-21,385,000	65,234,000	-19,338,000	-5,228,000	-8,966,000	-1,752,000	4,909,000	9,200,000	-8,369,000	3,796,000	12,864,000	6,308,000	-8,097,000	-11,953,000	16,266,000	9,249,000	332,000	-9,817,000	2,868,000	-6,307,000	-1,765,000
total adjustments	55,618,000	-31,082,000	-7,144,000	27,290,000	14,319,000	3,375,000	-1,298,000	20,451,000	28,120,000	-9,781,000	38,298,000	61,524,000	35,134,000	22,431,000	31,723,000	-965,000	12,717,000	25,753,000	19,172,000	-10,688,000	-27,861,000	-37,154,000	31,809,000	100,251,000	-79,656,000	-1,057,000	8,109,000	15,717,000	-12,209,000	12,079,000	-3,019,000	8,671,000	-15,331,000	-11,709,000	28,464,000	-4,254,000	12,018,000	-17,072,000	15,721,000	-25,372,000	22,048,000	25,955,000	-8,105,000			-2,544,000	7,624,000	-4,064,000	8,281,000	2,011,000	3,022,000	-1,872,000	26,000	220,000	2,124,000
net cash from operating activities	106,719,000	13,342,000	42,890,000	70,237,000	65,649,000	51,145,000	53,505,000	81,259,000	90,764,000	51,466,000	115,341,000	133,421,000	96,910,000	75,528,000	33,425,000	39,042,000	50,289,000	67,464,000	53,813,000	24,185,000	-2,959,000	-10,403,000	79,286,000	152,096,000	-49,028,000	34,168,000	38,043,000	26,306,000	-608,000	20,953,000	9,164,000	19,840,000	-3,372,000	-589,000	39,652,000	7,584,000	23,163,000	-9,042,000	24,948,000	-16,271,000	28,889,000	26,614,000	-1,717,000
cash flows from investing activities
purchases of equity securities	-169,000	-179,000	-560,000	-157,000	-176,000	-165,000	-302,000	-156,000	-148,000	-136,000	-1,053,000	-148,000	-139,000	-184,000	-649,000	-107,000	-1,291,000	-124,000	-472,000	-119,000	-104,000	-108,000	-355,000	-123,000	-128,000	-105,000	-6,010,000
proceeds from maturities and principal repayments of securities available for sale	62,251,000	60,035,000	62,443,000	57,858,000	57,444,000	57,399,000	64,626,000	8,741,000	17,652,000	15,694,000	39,133,000	20,948,000	44,915,000	34,927,000	20,539,000	23,906,000	25,444,000	26,092,000	33,995,000	24,636,000	18,982,000	31,280,000	15,334,000	11,176,000	13,276,000	11,318,000	40,454,000	11,995,000	28,090,000	23,355,000	23,079,000	27,896,000	22,398,000	23,086,000	34,932,000	57,466,000	43,907,000	34,977,000	37,258,000	32,599,000	41,136,000	46,053,000	38,670,000
purchases of securities available for sale	-50,779,000	-70,806,000	-81,603,000								0	0	-25,043,000	-98,246,000	-178,788,000	-667,176,000	-214,917,000	-223,986,000	-25,452,000	-28,609,000	0	-30,095,000	-52,447,000	-7,172,000			-15,146,000
proceeds from maturities and principal repayments of securities held to maturity	28,447,000	26,415,000	58,556,000	28,370,000	26,612,000	24,861,000	26,190,000	30,698,000	56,123,000	27,877,000	33,715,000	36,172,000	45,753,000	51,072,000	63,802,000	62,046,000	68,761,000	68,497,000	84,864,000	71,569,000	57,089,000	48,183,000	39,678,000	34,899,000	33,411,000	19,003,000	19,705,000	9,452,000	15,676,000	12,216,000	13,728,000	16,648,000	12,312,000	7,000,000	8,130,000	8,069,000	4,830,000	7,316,000	2,355,000	1,828,000	2,387,000	1,465,000	1,980,000	570,000	536,000	5,511,000	5,926,000	1,282,000	1,708,000	13,965,000	14,409,000	21,145,000	1,716,000	3,816,000	411,000
net redemptions of federal home loan bank stock
investments in low income housing projects	-5,046,000	-15,333,000		-6,852,000	-8,874,000	-6,519,000	-10,987,000	-3,094,000	-3,323,000	-13,669,000	-18,336,000	-1,163,000	-7,328,000	-6,405,000	-3,260,000	-9,680,000	-2,924,000	-6,632,000	-2,272,000	-1,578,000	-8,074,000	-5,934,000	-6,503,000	-2,866,000	-391,000	-292,000	-836,000
purchases of life insurance policies	-8,000	-47,000	0	-15,000	-8,000	-91,000	-48,000	-15,000	-8,000	-91,000	-48,000	-14,000	-8,000	-93,000	-48,000	-14,000	-9,000	-40,093,000	-48,000	-15,000	-8,000	-93,000	-48,000	-15,000	-7,000	-93,000	-48,000
proceeds from life insurance policies			363,000	0			1,597,000	3,923,000			887,000	2,055,000			0	0	0	576,000	788,000	0	1,303,000	1,326,000	0				0
net increase in loans	-49,910,000	-23,735,000	-147,969,000	34,116,000	-70,285,000	-52,381,000	-55,831,000	-89,151,000	-214,772,000	-18,981,000	-228,237,000	-23,214,000					315,751,000	153,150,000	14,100,000	-44,254,000	-440,089,000	-41,283,000	39,484,000	41,507,000	17,203,000	-70,378,000	-85,409,000	-39,289,000	-78,356,000	-123,605,000	-78,900,000	-75,122,000	-1,149,000	-101,783,000	-78,228,000	-154,274,000	15,549,000	-28,309,000	-20,340,000	-9,320,000	-37,136,000	-17,035,000	-6,414,000	-74,302,000	-15,965,000	-59,010,000	-6,385,000					26,586,000	-2,357,000
purchases of bank premises and equipment	-4,218,000	-2,032,000	-6,383,000	-5,855,000	-3,733,000	-4,464,000	-6,303,000	-2,895,000	-2,427,000	-4,219,000	-4,053,000	-1,866,000	-7,818,000	-8,335,000	-9,086,000	-9,144,000	-4,446,000	-2,524,000	-4,303,000	-3,097,000	-3,437,000	-1,749,000	-4,830,000	-4,796,000	-3,244,000	-3,713,000	-2,983,000
proceeds from the sale of bank premises and equipment			60,000	0	10,000	22,000	9,000	52,000	0	52,000	2,116,000				91,000	74,000	0	4,000	5,812,000	260,000	14,000	9,000	3,779,000	4,000	0	13,000	2,093,000	10,000	37,000	19,000	11,000					0	0	1,000	36,000
net cash from investing activities	-14,680,000	-19,913,000	-127,548,000	62,501,000	16,122,000	15,915,000	19,272,000	-56,287,000	-146,077,000	-28,558,000	-215,993,000	-290,285,000	-210,565,000	-283,631,000	578,723,000	-530,742,000	63,376,000	-174,493,000	-37,849,000	18,109,000	-376,333,000	-92,138,000	34,102,000	72,289,000	-19,498,000	-66,733,000	-127,433,000	-63,036,000	-59,244,000	-88,609,000	-122,875,000	-72,456,000	20,997,000	-56,240,000	-82,129,000	-118,715,000	-19,142,000	-43,602,000	17,675,000			150,380,000	45,308,000
cash flows from financing activities
net increase in time deposits	10,671,000	-37,852,000	-16,093,000	71,962,000	258,418,000	251,465,000	168,671,000	216,461,000	340,845,000	259,590,000										-33,551,000	-177,342,000	-125,396,000		26,481,000	-10,832,000	12,464,000														-20,073,000	-33,049,000	-82,118,000	-35,459,000	58,814,000	52,490,000	-1,130,000	26,133,000					-23,872,000	21,913,000	42,840,000	-2,810,000
net increase in other deposits	207,036,000	407,873,000									-477,109,000	-168,570,000	-35,837,000	-21,112,000	287,361,000	304,926,000	444,173,000	682,938,000	249,874,000	168,063,000	1,478,114,000	394,438,000	-103,923,000	-6,881,000	-73,867,000	24,034,000	52,181,000	27,859,000	48,830,000			100,602,000	30,506,000			83,752,000	-4,150,000	244,804,000	152,688,000	114,391,000	-10,918,000	51,913,000	110,120,000	-17,765,000	11,380,000	18,346,000	-6,567,000					-66,394,000	-18,664,000	14,858,000	-83,021,000
net repayments of federal home loan bank borrowings	-100,000,000	-138,000,000
proceeds from subordinated debentures, net of issuance costs	-648,000	296,491,000																					0	0	-30,000	49,556,000
repayments of subordinated debentures			0	0	0	-50,000,000
restricted stock awards issued, net of awards surrendered	-34,000	-1,351,000	-2,000	-20,000	-1,000	-792,000	1,000	-27,000	-6,000	-1,110,000	1,000	0	-22,000	-1,063,000		-3,000	-23,000	-1,220,000	-1,000	-3,000	-51,000	-1,132,000	-28,000	-4,000	-12,000	-1,419,000	-27,000
proceeds from shares issued under direct stock purchase plan	466,000	589,000	1,297,000	649,000	657,000	651,000	685,000	664,000	671,000	642,000	594,000	606,000	588,000	571,000		482,000	541,000	492,000	512,000	528,000	532,000	560,000	539,000	3,378,000	547,000	487,000	920,000	313,000
payments for shares repurchased under share repurchase program			0	0	0	-30,986,000	-68,959,000	0	0	-119,951,000		-34,648,000	-103,396,000	-1,902,000						0	-21,865,000	-73,226,000
common dividends paid	-25,140,000	-24,225,000	-24,214,000	-24,208,000	-24,198,000	-23,580,000	-24,278,000	-24,274,000	-24,351,000	-25,103,000	-23,274,000	-23,570,000	-24,162,000	-22,728,000		-15,859,000	-15,852,000	-15,164,000	-15,159,000	-15,154,000	-15,401,000	-15,126,000	-15,122,000	-15,101,000	-12,380,000	-10,671,000	-10,466,000	-5,052,000	-4,541,000	-4,538,000	-4,085,000		-4,078,000	-4,063,000	-3,819,000
net cash from financing activities	92,351,000	503,525,000	-119,904,000	-22,167,000	10,794,000	-70,074,000	-68,575,000	-113,108,000	-138,967,000	126,703,000	-482,711,000	-383,107,000	-250,437,000	-192,222,000		243,101,000	373,426,000	579,732,000	12,635,000	120,023,000	1,013,635,000	422,944,000	-181,686,000	-199,127,000	-29,734,000	74,384,000	88,998,000	-54,128,000	49,866,000	120,243,000	11,999,000	55,280,000	29,919,000						54,527,000			-315,213,000	126,585,000		80,812,000	48,779,000	-105,538,000		7,381,000	-83,567,000	-99,005,000
net increase in cash and cash equivalents	184,390,000	496,954,000		110,571,000	92,565,000	-3,014,000				149,611,000	-583,363,000	-539,971,000	-364,092,000	-400,325,000		-248,599,000	487,091,000	472,703,000	28,599,000	162,317,000	634,343,000	320,403,000	-68,298,000	25,258,000	-98,260,000	41,819,000	-392,000	-90,858,000				2,664,000	47,544,000			-115,843,000	-61,064,000	119,134,000	97,150,000	56,391,000	-16,550,000	-138,219,000	170,176,000	-42,743,000	3,031,000	9,221,000	13,182,000					25,388,000	22,521,000	19,371,000	-58,940,000
cash and cash equivalents at beginning of year	0	219,890,000	0	0	0	224,330,000		0	0	352,933,000	0	0	0	2,240,684,000		0	0	1,296,636,000	0	0	0	150,974,000	0	0	0	250,455,000	0	0	0	0	237,504,000	0	0	0	161,282,000	0	0	0	121,905,000
cash and cash equivalents at end of period	184,390,000	716,844,000		110,571,000	92,565,000	221,316,000		-88,136,000	-194,280,000	502,544,000	-583,363,000	-539,971,000	-364,092,000	1,840,359,000		-248,599,000	487,091,000	1,769,339,000	28,599,000	162,317,000	634,343,000	471,377,000	-68,298,000	25,258,000	-98,260,000	292,274,000	-392,000		-9,986,000	52,587,000	135,792,000		47,544,000	120,595,000	66,701,000		-61,064,000	119,134,000	219,055,000		-16,550,000	-138,219,000	220,283,000
supplemental schedule of noncash investing and financing activities
transfer of loans to other real estate owned & foreclosed assets
net increase in capital commitments relating to low income housing project investments	0	10,223,000		-3,000	20,977,000	8,308,000		35,000	15,119,000	564,000	13,235,000	-64,000	5,190,000	-718,000		-105,000	10,218,000	24,014,000	4,450,000	90,000	13,543,000	14,394,000	20,803,000	15,722,000			2,768,000
recognition of operating lease at commencement and/or at extension	5,590,000	793,000		3,019,000	1,167,000	1,434,000		1,804,000	1,301,000	2,642,000
net redemptions (purchases) of federal home loan bank stock		5,769,000		2,812,000
amortization of acquired loans
deferred income tax (benefit) expense																																															-911,000
net (gain) loss on equity securities							-908,000	363,000	-267,000	-368,000				627,000		169,000	-548,000	-316,000	-635,000	-308,000	-1,386,000	1,801,000	-4,000	-211,000	-444,000	-907,000
net gain on bank premises and equipment
realized gain on sale leaseback transaction							0	0	-48,000	-145,000	-145,000	-144,000	-144,000	-145,000	-145,000	-144,000	-144,000	-145,000	-145,000	-144,000	-144,000	-145,000	-145,000	-144,000	-144,000	-145,000	-145,000	-259,000	-258,000	-259,000	-258,000	-259,000	-258,000	-259,000	-258,000	-259,000	-258,000	-259,000	-258,000	-259,000	-258,000	-259,000	-258,000	-258,000	-259,000
cash flows used in investing activities
proceeds from sales of equity securities											1,000				0	0							0	0			5,722,000
purchases of securities held to maturity											-40,118,000	-325,344,000	-171,671,000	-266,972,000	-265,830,000	-65,932,000	-125,328,000	-149,453,000	-149,701,000	0	-10,193,000	-84,824,000	-3,030,000	-14,596,000	-11,839,000	-30,502,000	-77,282,000
net redemption (purchases) of federal home loan bank stock																413,000			4,840,000	0	8,184,000	-8,850,000	552,000	11,109,000	-781,000	8,016,000	-866,000
investments in low-income housing projects
cash flows used in financing activities
net decrease in other deposits			-118,972,000			-73,832,000		-405,072,000	-364,986,000	-866,445,000
net (repayments of) advances from federal home loan bank borrowings			38,000,000	-30,000,000	-332,000,000	-143,000,000
repayments of long-term debt, net of issuance costs											0	0	0	-14,063,000		-4,688,000	-4,687,000	-4,688,000
net proceeds from exercise of stock options							0	0	0	80,000								-57,000	83,000				0	0	116,000	165,000
net decrease in cash and cash equivalents								-88,136,000																							-101,712,000																		-77,315,000	33,344,000	-33,909,000
operating lease termination payments				0	0	-389,000										0
net purchases of federal home loan bank stock						-2,747,000
net (purchases) redemption of federal home loan bank stock
net cash acquired in business combinations
net advances from (repayments of) short-term federal home loan bank borrowings							218,000,000
repayments of long-term federal home loan bank borrowings															-576,088,000				-10,000,000	0	-10,000,000	-15,000,000	0	-5,000,000			0
net (purchases) redemptions of federal home loan bank stock								-4,390,000
benefit from (release of) credit losses									5,000,000	7,250,000
net advances from short-term federal home loan bank borrowings
net purchase of federal home loan bank stock										-35,085,000
proceeds from short-term federal home loan bank borrowings										879,000,000
amortization (accretion) of acquired loans
net (gain) loss on bank premises and equipment																									14,000	25,000	-1,134,000
lease impairment
loss on termination of derivatives																			0
net redemption of federal home loan bank stock											0	1,031,000
payments on early termination of hedging relationship																			0
net decrease in time deposits											17,077,000	-131,925,000	-87,608,000	-131,925,000	-70,525,000	-31,757,000	-50,726,000	-82,569,000													-5,250,000	-11,306,000	-29,535,000	-3,773,000	-18,400,000		-58,565,000	-38,784,000	-54,129,000												-27,810,000
net repayments of short-term federal home loan bank borrowings																										-122,046,000
payments for shares repurchased under direct stock purchase plan
cash paid during the year for
interest on deposits and borrowings																																												14,762,000	14,065,000	15,173,000	15,340,000	15,368,000	15,183,000	16,626,000	15,267,000	19,053,000	15,203,000	15,561,000	14,140,000
income taxes																																												4,318,000	6,098,000	5,321,000	1,080,000	436,000	858,000	5,777,000	932,000	2,782,000	4,922,000	6,660,000	717,000
recognition of operating lease at commencement and/or extension
in conjunction with the company's acquisitions, assets were acquired and liabilities were assumed as follows
common stock issued for acquisition																							0	0
fair value of assets acquired, net of cash acquired																							0	0
fair value of liabilities assumed																							0	0																0	0			0	0	0	586,419,000
change in unamortized net loan costs and premiums												-735,000	-1,996,000	-3,666,000		-4,008,000	-8,240,000	-10,318,000	-4,006,000	-5,342,000	-3,329,000	-735,000	-2,824,000
accretion of fair value mark of acquired loans
repayments of short-term federal home loan bank borrowings
net payments for exercise of stock options																0
supplemental schedule of noncash activities
right-of-use assets obtained in exchange for new lease obligations												5,313,000	7,262,000	1,549,000		15,000				2,337,000
release of benefit from credit losses
net decrease in loans														10,605,000																																					27,241,000
net income on sale of securities
net income on other real estate owned and foreclosed assets																							12,000				111,000
cash flows from (used) in investing activities
proceeds from sales of securities available for sale																							0	0				3,337,000				0	0			0	-923,000			21,000	-10,000	105,382,000	63,163,000
net cash acquired (paid) in business combinations
proceeds from the sale of other real estate owned and foreclosed assets																											79,000	2,612,000	2,650,000	309,000	1,492,000			3,059,000	514,000
net proceeds from (repayments of) short-term federal home loan bank borrowings
proceeds from line of credit, net of issuance costs																							0	0	-13,000	49,993,000
repayment of line of credit, net of issuance costs																							0	0
net decrease (increase) in loans																																																-51,288,000	-11,882,000						3,383,000
net advances of short-term federal home loan bank borrowings
net cash paid in business combinations																								0
net decrease in customer repurchase agreements
proceeds from (repayments of) long-term debt, net of issuance costs																			-4,687,000	0
repayments of junior subordinated debentures, net of issuance costs																							0	0
repayments of subordinated debentures, net of issuance costs
transfer of customer repurchase agreements to deposits
initial recognition of operating leases upon adoption of accounting standards update 2016-02																							0	0	0	32,777,000
recognition of operating lease at commencement																						2,223,000
net advances (repayments) of short-term federal home loan bank borrowings																						257,826,000
in conjunction with the company's acquisitions, assets were acquired and liabilities were assumed as follows:
net proceeds from (payments for) exercise of stock options
benefit from loan losses																						25,000,000	4,000,000	0	1,000,000	1,000,000	1,200,000	3,150,000	3,606,000	8,500,000	1,600,000	3,800,000	2,000,000	3,482,000	2,200,000	3,574,000	3,501,000	6,930,000	4,650,000	4,424,000	4,443,000	4,468,000	4,000,000	5,576,000	2,067,000	1,903,000	1,342,000	1,355,000	300,000	584,000	891,000	705,000	530,000	350,000	750,000
proceeds from long-term debt, net of issuance costs																							0	0	-47,000	74,914,000
tax expense related to write-down of investments in low income housing projects
net (gain) loss on sale of securities
transfer of loans to other real estate owned and foreclosed assets
initial recognition of operating lease at commencement																								2,769,000	1,898,000	2,926,000
net proceeds from short-term federal home loan bank borrowings
net increase in customer repurchase agreements																											0
repayments of junior subordinated debentures																										-3,093,000
net income on equity securities
excess tax benefit related to equity award activity																																																	23,000	33,000	10,000
net payments relating to other real estate owned and foreclosed assets
loss on extinguishment of debt
excess tax benefit from stock based compensation
tax benefit from deferred compensation distribution																													3,000	0	86,000		5,000
value of common stock issued for acquisition
net unrealized loss on equity securities
net gain on sale of securities
cash acquired in business combinations, net of cash paid
proceeds from exercise of stock options, net of cash paid
net (gain) loss on sale of equity securities
net income on fixed assets
gain on extinguishment of debt																												0
net income on sale of other real estate owned and foreclosed assets
purchase of securities available for sale																													-11,685,000	66,000	-71,765,000						488,000			-28,000	3,000	-42,645,000	-50,296,000	-111,546,000	-92,211,000	-43,472,000	-19,872,000	-59,758,000	-29,677,000	-8,502,000	-2,000,000
purchase of securities held to maturity																													-14,312,000	0	-9,975,000		0	-1,015,000	-44,931,000		-82,093,000
redemption of federal home loan bank stock																												0	0	0	2,290,000																		0	0	5,450,000
investment in low income housing projects
purchase of life insurance policies																															-95,000
purchase of bank premises and equipment																												-3,172,000	-1,062,000	-1,127,000	-2,762,000	-2,384,000	-2,719,000	-1,219,000	-1,995,000	-1,880,000	-1,506,000	-1,528,000	-2,108,000
net capital improvements to other real estate owned
net decrease in other borrowings
capital commitment relating to low income housing project investments
adjustments to reconcile net income to cash from operating activities
net gain on investments
loss on write-down of investments in securities available for sale																													0					136,000	40,000	65,000	7,000	84,000	178,000	2,164,000	5,141,000			4,646,000	720,000
gain on fixed assets
impairment of goodwill
gain resulting from early termination of a hedging relationship
loss on other real estate owned and foreclosed assets
net change in
cash from business combinations, net of cash acquired
proceeds resulting from early termination of a hedging relationship
capital improvements to other real estate owned
net increase in short-term federal home loan bank borrowings
proceeds from long-term federal home loan bank borrowings
net increase in other short term borrowings
net decrease in treasury tax and loan notes																																																		1,003,000	-2,886,000		-738,000	2,119,000	-5,227,000
restricted shares surrendered																													0	-115,000	-229,000	0	0	-145,000	-216,000
tax benefit from deferred compensation obligations
cash and cash equivalents at end of year
transfer of loans to foreclosed assets																													293,000	3,633,000	1,503,000	594,000	1,458,000	1,172,000	3,061,000		2,514,000	4,592,000	2,819,000	1,775,000	-1,629,000	4,220,000	74,000
in conjunction with the purchase acquisition detailed in note 2 to the consolidated financial statements, assets were acquired and liabilities were assumed as follows
goodwill impairment
net income on sale of investments																																												0	0	0	609,000
gain on sale of fixed assets																															-9,000
loss on sale of other real estate owned and foreclosed assets																													506,000	195,000	95,000
gain realized from early termination of hedging relationship																													0	0	-22,000
equity based compensation																																												138,000	147,000	144,000	97,000
proceeds from bank owned life insurance policies
proceeds resulting from early termination of hedging relationship																													0	0	22,000
net increase in wholesale and customer repurchase agreements																													13,740,000
repayment of short term federal home loan bank advances
repayment of long term federal home loan bank advances																																								-281,000	-2,000
proceeds from exercise of stock options																													494,000	20,000	439,000	414,000	12,000	634,000	3,067,000	350,000	33,000	313,000	47,000	47,000	184,000	63,000	13,000	67,000	121,000	65,000	442,000	415,000	185,000	45,000	384,000	242,000	83,000	186,000	833,000
tax benefit related to equity award activity																																												8,000	-2,000
transfer of securities from trading to available for sale																													0	0	8,505,000
cash flows from operating activities:
adjustments to reconcile net income to net cash from operating activities:
deferred income tax benefit																													-9,000	-10,000	-9,000		-11,000						-7,000	2,570,000					-2,243,000										-1,036,000
net gain on sale of investments																																0	0				23,000
(gain)loss on sale of fixed assets																													-13,000
proceeds from bank owned life insurance																																																				0	0	0	-1,316,000
cash flows used in investing activities:
proceeds from (purchase of) life insurance policies																													-282,000
cash from business combinations																																0	0	0	-457,000				-269,000
cash flows from financing activities:
net increase(decrease) in time deposits																													-9,116,000
net decrease in short term federal home loan bank advances																																					-2,000	-25,000,000	-35,000,000		3,499,000
net decrease in long term federal home loan bank advances																																-23,000,000	856,000	0	-45,000,000
net decrease in treasury tax & loan notes
tax benefit from stock option exercises																													94,000	-10,000	69,000		-2,000	22,000	231,000		0	43,000	27,000	1,000	5,000	4,000	-13,000				121,000
shares issued under direct stock purchase plan																													362,000	306,000	285,000		278,000	259,000	3,000
supplemental schedule of noncash investing and financing activities:
net increase in short term federal home loan bank advances
net increase(decrease) in cash and cash equivalents
adjustments to reconcile net income to
net cash from operating activities:
net increase(decrease) in other deposits																															74,134,000
net increase(decrease) in wholesale and customer repurchase agreements																															-18,450,000
net increase(decrease) in short term federal home loan bank advances																															-35,000,000
net increase(decrease) in treasury tax & loan notes
loss on sale of fixed assets																																51,000	297,000			0	0	1,000	279,000
cash flows from investing activities:
net increase in federal funds purchased and assets sold under repurchase agreements																																										9,701,000	-1,264,000	4,463,000	9,303,000	18,481,000	30,000	46,910,000				-7,994,000	1,475,000
net increase in treasury tax & loan notes																																-2,203,000	-432,000					263,000	721,000			1,330,000	-504,000	843,000			7,447,000
proceeds from issuance of preferred stock and stock warrants																																								0	0
redemption of preferred stock																																								0
redemption of warrants																																								0
tax benefit (expense) from equity award activity and deferred compensation
dividends paid																																												-2,934,000	-2,931,000	-2,931,000	-2,339,000	-2,336,000	-2,360,000	-2,447,000	-2,352,000	-2,350,000	-2,365,000	-2,455,000	-2,312,000
preferred dividends																																								0	0	-727,000	-391,000
common dividends																																				-3,818,000	-3,816,000	-3,810,000	-3,793,000	-2,934,000	-3,792,000	-3,795,000	-2,934,000
in conjunction with the purchase acquisition detailed in note 2 to the consolidated financial statements, assets were acquired and liabilities were assumed as follows:
loss on write-dow n of investments in securities available for sale
loss on sale of other real estate ow ned and foreclosed assets
increase in cash surrender value of bank ow ned life insurance
purchase of bank ow ned life insurance
proceeds from the sale of other real estate ow ned and foreclosed assets
net increase(decrease) in federal funds purchased and assets sold under repurchase agreements																																	33,165,000
loss(gain) on sale of other real estate owned and foreclosed assets
increase in cash surrender value of bank owned life insurance																																		-845,000	-706,000		-901,000
purchase of bank owned life insurance																																		-7,000	-94,000		-118,000	-8,000	-93,000
deferred income tax provision																																			-11,000
gain on sale of other real estate owned																																			-56,000															0	-43,000
loss on write-down of other real estate owned																																			530,000
gain resulting from early termination of hedging relationship
purchase of federal home loan bank stock
net (decrease)/increase in other deposits																																			-24,457,000
net increase/(decrease) in federal funds purchased and assets sold under repurchase agreements																																			16,619,000
net increase/(decrease) in short term federal home loan bank advances																																			20,000,000
net (decrease)/increase in treasury tax & loan notes																																			-206,000
deferred compensation obligation																																			74,000
net cash (used in)/provided by financing activities																																			-52,104,000
net (decrease)/increase in cash and cash equivalents																																			-94,581,000
net (gain) loss on sale of investments																																								1,000	-1,000	25,000	-1,379,000
loss on sale of other real estate owned																																								-147,000	516,000	2,000	44,000	28,000				0
increase in cash surrender value of bank-owned life insurance																																							-722,000
purchases of federal home loan bank stock
purchases of bank owned life insurance
cash paid for acquisitions, net of cash acquired
proceeds from the sale of other real estate owned																																				2,356,000	724,000	3,274,000	836,000	4,419,000	205,000	425,000	75,000	512,000	0
proceeds from sale leaseback transaction
net increase in federal funds purchased
and assets sold under repurchase agreements
proceeds from issuance of subordinated debentures
tax benefit from stock option expense
cash paid during the year for:
transfer of loans, net of charge-offs, to foreclosed assets
deferred income tax benefit/
cash (used in)/provided by business combinations																																					0
net (decrease)/increase in federal funds purchased and assets sold under repurchase agreements																																					1,850,000
net increase/(decrease) in treasury tax & loan notes
restricted shares issued																																					0	-91,000	-18,000
dividends paid:
net cash provided by/(used in) financing activities
in conjunction with the purchase acquisition in 2009, assets were acquired and liabilities were assumed as follows:
(gain)/loss on sale of other real estate owned																																						-49,000	-13,000
net cash provided/(used in) by financing activities
net decrease in federal funds purchased and assets sold under repurchase agreements																																							-6,016,000																-851,000
supplemental schedule of noncash investing and
financing activities:
(purchase) redemption of federal home loan bank stock
redemption of issuance of subordinated debentures
payment for the purchase of common stock
cash flows from / (used in) investing activities:
purchase of held to maturity securities																																									-15,228,000
cash provided by/(used in) business combinations
investment in bank premises and equipment																																									-754,000	-868,000	-1,444,000		-1,350,000	-2,542,000	-2,065,000	-1,916,000	-1,016,000	-726,000	-2,167,000	-1,195,000	-965,000	-1,373,000	-656,000
net cash provided by/ (used in) investing activities
cash flows provided by/(used in) financing activities:
proceeds from long term federal home loan bank advances
net cash provided by/ (used in) financing activities
cash and cash equivalents at beginning of period																																									0	0	50,107,000
in conjunction with business combinations
assets were acquired and liabilities were assumed as follows:
common stock issued																																									0
fair value of assets acquired																																									0			0	0	0	662,647,000
business combinations, net of cash acquired																																										98,510,000	-426,000
cash flows used in financing activities:
(redemption) of preferred stock
(redemption) of warrants
in conjunction with business combinations assets were acquired and liabilities were assumed as follows:
net decrease in federal home loan bank advances																																											-21,154,000
proceeds from issuance of preferred stock																																											73,578,000
proceeds from issuance of stock warrants																																											4,580,000
in conjunction with the purchase acquisition which closed march 1, 2008 assets were acquired and liabilities were assumed as follows:
adjustments to reconcile net income to net cash provided from operating activities:
loans originated for resale																																												-40,210,000	-48,249,000	-214,546,000	75,866,000					-51,963,000	-44,334,000	-44,547,000	-34,923,000
proceeds from mortgage loan sales																																												37,470,000	52,009,000	221,164,000	-80,064,000	53,553,000	54,150,000	59,314,000	43,046,000	51,350,000	42,541,000	45,112,000	31,334,000
net gain on sale of mortgages																																												-100,000	-101,000	-212,000	-251,000
amortization of mortgage servicing asset, net of gain																																												390,000	66,000	7,000	112,000
changes in assets and liabilities:
increase in other assets																																																		689,000	-2,031,000
increase in other liabilities																																														-6,698,000	-1,744,000	619,000	98,000	-1,781,000	2,931,000	-6,449,000	2,377,000	-1,288,000	242,000
net cash provided from operating activities																																												-9,332,000	14,222,000	3,276,000	13,932,000	3,666,000	16,593,000	7,724,000	9,648,000	6,230,000	8,581,000	8,510,000	10,028,000
proceeds from maturities, principal repayments and sales of securities available for sale																																												17,224,000	17,003,000	25,080,000	141,441,000
cash from merger and acquisition, net of cash acquired																																												1,000	-16,000	-40,000	-13,615,000
proceeds from the sale leaseback transaction																																												0	0
net cash (used in) provided from investing activities
net increase in federal home loan bank borrowings
issuance of subordinated debentures																																												0
redemption of junior subordinated debentures																																																0	0
issuance of junior subordinated debentures
amortization/write-off of issuance costs
payments for purchase of common stock																																																				0	-2,802,000	-16,245,000	-5,779,000
net cash provided (used in) from financing activities
cash and cash equivalents at the beginning of the year																																															67,416,000
cash and cash equivalents at the end of the year
supplemental disclosures of cash flow information:
change in fair value of derivatives, net of tax																																															-1,950,000
change in fair value of securities available for sale, net of tax																																															1,835,000
items not yet recognized as a component of net periodic post retirement cost, net of tax
amortization of prior service cost																																															42,000
transfer of loans to other real estate owned																																												1,109,000	-154,000	615,000	338,000	436,000
common stock issued for acquistion
in conjunction with the purchase acquisition detailed in note 11 to the unaudited consolidated interim financial statements, assets were acquired and liabilities were assumed as follows:
decrease in other assets																																																							3,951,000
decrease (increase) in other liabilities
(purchase) redemption sale of federal home loan bank stock
net cash provided from (used in) investing activities																																																				126,485,000	15,067,000	19,217,000	55,092,000
net decrease in federal home loan bank borrowings																																													-21,157,000	25,844,000	-130,684,000		51,411,000	0	-73,913,000		-30,000	-52,029,000	-25,029,000
cash and cash equivalents at the beginning of the period																																													0
cash and cash equivalents at september 30,
cash paid during the period for:
change in fair value of derivatives, net of tax and realized gain																																													-457,000
change in fair value of securities available for sale, net of tax and realized gain/																																													-994,000
amortization of prior service cost, net of tax																																													42,000
cumulative effect of accounting change																																																	0	0	177,000
in conjunction with the purchase acquisition detailed in note 9 to the unaudited consolidated interim financial statements, assets were acquired and liabilities were assumed as follows:
decrease (increase) in other assets																																														-400,000	11,013,000
(purchase) sale of federal home loan bank stock																																														0	-642,000
net cash provided from investing activities																																														-42,834,000	104,788,000		-101,289,000	109,187,000	55,448,000
cash and cash equivalents at june 30,
cash and cash equivalents at march 31,																																															80,598,000
cumulative effect of aacounting change
in conjunction with the purchase acquisition detailed in note 10 to the consolidated financial statements, assets were acquired and liabilities were assumed as follows:
amortization of mortgage servicing asset,
sale (purchase) of federal home loan bank stock
net cash (used in) provided from financing activities																																																				-107,327,000	-1,127,000	-8,356,000	-124,060,000
mortgage loans originated for resale																																																	-50,041,000	-57,659,000	-43,324,000
gain on sale of mortgages																																																	-206,000	-184,000	-175,000	-292,000	-471,000	-424,000	-221,000
gain recorded from mortgage servicing rights, net of amortization																																																	81,000				135,000	95,000	91,000
loss on sale of securities
stock based compensation expense																																																	99,000	121,000	66,000	38,000	40,000	61,000	20,000
proceeds from maturities and principal repayments and sales of securities available for sale																																																	13,844,000	15,891,000	14,379,000		16,673,000	17,155,000	51,954,000
cash paid for acquisition of cea llc																																																	0	0	-2,097,000
proceeds from sale of other real estate owned
net increase in time certificates of deposits
net increase in treasury tax and loan notes
amortization/ write-off of issuance costs																																																	1,000
payments for purchases and retirements of common stock																																																	-5,404,000	-11,945,000	-13,347,000
cash and cash equivalents at the beginning of period																																																	75,518,000	-75,518,000	138,291,000		0	0	129,951,000
cash and cash equivalents as of september 30,
cash paid during the nine months for:
noncash investing and financing activities:
change in fair value of derivatives, net of tax and realized gains																																																	-1,492,000	1,257,000	-539,000		-2,308,000	830,000	838,000
change in fair value of securities available for sale, net of tax and realized gains																																																	2,699,000	-2,296,000	743,000		4,864,000	-1,593,000	-2,646,000
amortization of certain costs included in net periodic post retirement costs, net of tax
other real estate owned																																																				0
net change in federal funds sold and short term investments
proceeds from sale of oreo																																																		0	233,000
net (decrease)/ increase in time certificates of deposits
net increase/ (decrease) in other deposits																																																		-17,028,000	20,420,000
net decrease/ (increase) in federal funds purchased and assets sold under repurchase agreements
cash and cash equivalents as of june 30,
cash paid during the six months for:
adjustments or reduction of amortization amounts recognized as a component of net periodic post retirement cost , net of tax																																																		28,000	27,000
net increase/ (decrease) in federal funds purchased and assets sold under repurchase agreements																																																			489,000
cash and cash equivalents as of march 31,																																																			104,382,000				71,011,000
cash paid during the three months for:
gain on branch sale
loss recorded from mortgage servicing rights, net of amortization
net liabilities sold in branch sale transaction
excess tax benefit from stock option exercises																																																				102,000	1,000
interest on shares subject to mandatory redemption
issuance of shares from treasury stock for the exercise of stock options
in conjunction with the purchase acquisition detailed in note 12 to the consolidated financial statements, assets were acquired and liabilities were assumed as follows:
net cash provided from operating activities:
loss/(gain) on sale of investments																																																					0	0	1,769,000
sale/(purchase) of federal home loan bank stock																																																					0
prepayment penalty on borrowings
compensation expense from restricted stock grant
proceeds from stock issuance
net cash provided from financing activities
increase in fair value of derivatives, net of tax
decrease in fair value of securities available for sale, net of tax

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