|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Attributable to Parent
|
|
$20.5m
|
$23.9m
|
$33.7m
|
$40.1m
|
$32.7m
|
$57.7m
|
$63.2m
|
$58.0m
|
$54.6m
|
$66.1m
|
|
Net Income (Loss) Available to Common Stockholders, Basic
|
|
$20.4m
|
$23.7m
|
$33.6m
|
$39.9m
|
$31.6m
|
$53.4m
|
$58.9m
|
$53.7m
|
$50.3m
|
$61.8m
|
|
Depreciation, Depletion and Amortization
|
|
$4.5m
|
$5.2m
|
$4.8m
|
$6.0m
|
$6.1m
|
$6.2m
|
$6.6m
|
$7.7m
|
$8.3m
|
$10.9m
|
|
Amortization
|
|
$184k
|
($192k)
|
—
|
—
|
$634k
|
$691k
|
$803k
|
$747k
|
—
|
—
|
|
Amortization of Debt Issuance Costs
|
|
—
|
—
|
—
|
—
|
—
|
$177k
|
$303k
|
$303k
|
$303k
|
$304k
|
|
Amortization of Intangible Assets
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.8m
|
|
Depreciation
|
|
$3.2m
|
$3.8m
|
$3.7m
|
$4.1m
|
$4.6m
|
$5.3m
|
$5.3m
|
$5.7m
|
$5.8m
|
$6.7m
|
|
Deferred Income Tax Expense (Benefit)
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$5.1m
|
|
Share-based Payment Arrangement, Noncash Expense
|
|
$820k
|
$928k
|
$1.5m
|
$1.3m
|
$1.4m
|
$1.4m
|
$1.2m
|
$1.7m
|
$2.2m
|
$2.7m
|
|
Goodwill, Impairment Loss
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
—
|
—
|
—
|
|
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$8.0m
|
$5.8m
|
$9.0m
|
$8.6m
|
|
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
|
|
($134k)
|
$107k
|
($47k)
|
$377k
|
($1.1m)
|
($230k)
|
$170k
|
($27k)
|
($53k)
|
$160k
|
|
Gain (Loss) on Disposition of Business
|
|
—
|
$536k
|
$0
|
$0
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Income Tax Expense (Benefit)
|
|
$7.2m
|
$12.4m
|
$6.5m
|
$8.6m
|
$7.3m
|
$13.1m
|
$15.0m
|
$13.8m
|
$12.8m
|
$16.3m
|
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Other Operating Assets
|
|
$3.9m
|
$1.2m
|
$3.1m
|
($1.1m)
|
$6.2m
|
$1.1m
|
$19.1m
|
$5.9m
|
($389k)
|
($1.8m)
|
|
Bank Owned Life Insurance Income
|
|
$1.1m
|
$1.7m
|
$1.4m
|
$1.3m
|
$1.7m
|
$2.6m
|
$3.4m
|
$2.9m
|
$3.1m
|
$4.8m
|
|
Increase (Decrease) in Other Operating Liabilities
|
|
$2.1m
|
$698k
|
$4.6m
|
$3.6m
|
($3.8m)
|
$7.8m
|
$19.6m
|
($14.2m)
|
$7.5m
|
($11.8m)
|
|
Gain (Loss) on Sales of Loans, Net
|
|
$818k
|
$545k
|
$624k
|
$990k
|
$3.0m
|
$2.7m
|
$1.3m
|
$447k
|
$770k
|
$916k
|
|
Proceeds from Stock Options Exercised
|
|
$0
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Debt Securities, Available-for-sale, Realized Gain (Loss)
|
|
—
|
—
|
$0
|
$148k
|
$2.2m
|
$783k
|
$651k
|
$52k
|
$74k
|
$1.2m
|
|
Debt Securities, Trading, Gain (Loss)
|
|
—
|
—
|
($451k)
|
$1.9m
|
$328k
|
$790k
|
($1.1m)
|
($387k)
|
$754k
|
$1.3m
|
|
Gain (Loss) on Sale of Financing Receivable
|
|
—
|
—
|
—
|
—
|
$3.0m
|
$2.7m
|
$1.3m
|
$447k
|
$770k
|
($1.3m)
|
|
Goodwill
|
|
$38.7m
|
$38.7m
|
$38.7m
|
$38.7m
|
$43.7m
|
$43.7m
|
$43.7m
|
$43.7m
|
$43.7m
|
$88.4m
|
|
Financing Receivable, Credit Loss, Expense (Reversal)
|
|
—
|
—
|
$6.1m
|
$6.0m
|
$15.4m
|
$6.0m
|
—
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Operating Activities
|
|
$26.8m
|
$30.8m
|
$43.8m
|
$51.9m
|
$28.8m
|
$58.9m
|
$64.1m
|
$47.0m
|
$71.5m
|
$65.0m
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Property, Plant, and Equipment
|
|
$10.1m
|
$5.2m
|
$3.1m
|
$9.0m
|
$5.6m
|
$6.5m
|
$12.3m
|
$10.8m
|
$16.3m
|
$6.3m
|
|
Payments to Acquire Businesses, Net of Cash Acquired
|
|
$2.9m
|
$0
|
$0
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Investing Activities
|
|
($150.9m)
|
($203.7m)
|
($451.6m)
|
($368.6m)
|
($168.7m)
|
($409.8m)
|
($804.7m)
|
($149.5m)
|
($203.3m)
|
$27.6m
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale
|
|
$63.8m
|
$92.3m
|
$76.3m
|
$98.3m
|
$164.5m
|
$171.0m
|
$70.0m
|
$42.7m
|
$65.5m
|
$126.2m
|
|
Proceeds from Issuance of Long-term Debt
|
|
$80.0m
|
$160.0m
|
$50.0m
|
$30.4m
|
$232.0m
|
$0
|
$0
|
—
|
—
|
—
|
|
Repayments of Long-term Debt
|
|
$81.3m
|
$70.1m
|
$27.8m
|
$47.6m
|
$459.9m
|
$50.0m
|
$0
|
$0
|
—
|
—
|
|
Proceeds from Issuance of Common Stock
|
|
—
|
$19.3m
|
$0
|
$1.4m
|
$3.3m
|
$0
|
$94.1m
|
$0
|
$0
|
—
|
|
Payments of Ordinary Dividends, Common Stock
|
|
$9.5m
|
$10.1m
|
$10.2m
|
$10.4m
|
$11.0m
|
$11.6m
|
$12.6m
|
$14.7m
|
$14.9m
|
$18.2m
|
|
Payments of Dividends
|
|
$9.5m
|
$10.1m
|
$10.2m
|
$10.4m
|
$11.0m
|
$11.6m
|
$12.6m
|
$14.7m
|
$14.9m
|
$18.2m
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
$126.0m
|
$179.1m
|
$418.0m
|
$464.1m
|
$479.6m
|
$550.3m
|
$114.7m
|
$218.2m
|
$352.8m
|
($7.8m)
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
|
|
—
|
—
|
—
|
$147.4m
|
$339.7m
|
$199.5m
|
($625.9m)
|
$115.8m
|
$221.0m
|
$84.9m
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
—
|
—
|
—
|
$193.0m
|
$532.7m
|
$732.2m
|
$106.3m
|
$222.0m
|
$443.0m
|
$527.9m
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Paid, Excluding Capitalized Interest, Operating Activities
|
|
—
|
—
|
$26.6m
|
$39.3m
|
$33.0m
|
$20.0m
|
$26.8m
|
$102.2m
|
$134.4m
|
$150.1m
|
|
Income Taxes Paid, Net
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$10.6m
|