Component: (Network and Table)
Network
00500 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
(http://www.republicbank.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000921557 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF CASH FLOWSPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
 
OPERATING ACTIVITIES:
 
 
 
Net income
45,903,000  
35,166,000  
28,787,000  
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Amortization on investment securities, net
503,000  
729,000  
424,000  
Accretion on loans deposits and core deposit intangible net
(2,573,000) 
(2,835,000) 
(6,263,000) 
Depreciation of premises and equipment
7,495,000  
6,742,000  
6,363,000  
Amortization of mortgaging servicing rights
1,757,000  
1,400,000  
1,330,000  
Provision for loan and lease losses
14,493,000  
5,396,000  
2,859,000  
Net gain on sale of mortgage loans held for sale
(6,656,000) 
(3,915,000) 
(2,440,000) 
Origination of mortgage loans held for sale
(216,812,000) 
(160,989,000) 
(82,457,000) 
Proceeds from sale of mortgage loans held for sale
214,760,000  
167,209,000  
82,015,000  
Net gain on sale of consumer loans held for sale
(2,835,000) 
(978,000) 
 
Origination of consumer loans held for sale
(380,066,000) 
(137,551,000) 
 
Proceeds from sale of consumer loans held for sale
379,907,000  
138,015,000  
 
Net realized gain on sales, calls and impairment of securities
 
(88,000) 
 
Net gain realized on sale of other real estate owned
(514,000) 
(956,000) 
(883,000) 
Writedowns of other real estate owned
270,000  
1,257,000  
3,101,000  
Net gain on sale of banking center
 
(28,000) 
 
Deferred director compensation expense - Company Stock
170,000  
223,000  
187,000  
Stock based compensation expense
1,030,000  
422,000  
458,000  
Increase in cash surrender value of bank owned life insurance
(1,516,000) 
(1,402,000) 
(1,329,000) 
Net change in other assets and liabilities:
 
 
 
Accrued interest receivable
(659,000) 
(426,000) 
(535,000) 
Accrued interest payable
(298,000) 
(33,000) 
(197,000) 
Other assets
(7,227,000) 
(2,785,000) 
(2,145,000) 
Other liabilities
540,000  
5,473,000  
(2,570,000) 
Net cash provided by operating activities
47,672,000  
 
50,046,000  
 
26,705,000  
 
INVESTING ACTIVITIES:
 
 
 
Net change in cash for acquisition of Cornerstone Bancorp, Inc.
(9,088,000) 
  
Purchases of securities available for sale
(419,254,000) 
(1,512,809,000) 
(876,854,000) 
Purchases of securities to be held to maturity
(19,935,000) 
  
Proceeds from calls, maturities and paydowns of securities available for sale
452,247,000  
1,427,696,000  
875,978,000  
Proceeds from calls, maturities and paydowns of securities held to maturity
6,112,000  
6,663,000  
5,137,000  
Net change in outstanding warehouse lines of credit
(198,710,000) 
(67,298,000) 
(169,855,000) 
Purchase of non-business acquisition loans, including premiums paid
(51,868,000) 
(117,516,000) 
(235,824,000) 
Net change in other loans
(125,756,000) 
(100,660,000) 
(46,383,000) 
Proceeds from redemption of Federal Home Loan Bank stock
224,000  
 
134,000  
Proceeds from sale of mortgage loans transferred to held for sale
72,330,000  
  
Proceeds from sales of other real estate owned
4,595,000  
9,412,000  
9,532,000  
Proceeds from sale of banking center
 
1,623,000  
 
Net purchases of premises and equipment
(7,031,000) 
(5,319,000) 
(7,759,000) 
Purchase of bank owned life insurance
  
(25,000,000) 
Net cash used in investing activities
(296,134,000) 
 
(358,208,000) 
 
(470,894,000) 
 
FINANCING ACTIVITIES:
 
 
 
Net change in deposits
468,544,000  
429,295,000  
67,325,000  
Net change in securities sold under agreements to repurchase and other short-term borrowings
(221,960,000) 
39,325,000  
190,553,000  
Payments of Federal Home Loan Bank advances
(292,000,000) 
(218,000,000) 
(188,000,000) 
Proceeds from Federal Home Loan Bank advances
395,000,000  
210,000,000  
290,500,000  
Payoff of subordinated note, net of common security interest
(4,000,000) 
  
Repurchase of Common Stock
(1,207,000) 
(551,000) 
(347,000) 
Net proceeds from Common Stock options exercised
80,000  
1,136,000  
1,103,000  
Cash dividends paid
(16,768,000) 
(15,839,000) 
(14,930,000) 
Net cash provided by (used in) financing activities
327,689,000  
 
445,366,000  
 
346,204,000  
 
NET CHANGE IN CASH AND CASH EQUIVALENTS
79,227,000  
 
137,204,000  
 
(97,985,000) 
 
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
210,082,000  
72,878,000  
170,863,000  
CASH AND CASH EQUIVALENTS AT END OF YEAR
289,309,000  
 
210,082,000  
 
72,878,000  
 
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
 
 
 
Cash paid during the period for:
 
 
 
Interest
18,219,000  
18,495,000  
19,801,000  
Income taxes
26,069,000  
17,942,000  
18,828,000  
SUPPLEMENTAL NONCASH DISCLOSURES:
 
 
 
Transfers from loans to real estate acquired in settlement of loans
4,778,000  
2,938,000  
7,333,000  
Transfers from loans held for investment to held for sale
71,201,000  
  
Loans provided for sales of other real estate owned
256,000  
3,248,000  
1,442,000