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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 17,207 $ 22,634
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 17,462 5,211
Depreciation of premises and equipment 2,795 2,730
Net amortization of investment securities premiums and discounts 779 959
Net gain on sales of investment securities [1] (10) (36)
Net gain on mortgage banking activities [1] (1,658) (2,650)
Bank owned life insurance income [1] (1,879) (2,405)
Net accretion of acquisition accounting fair value adjustments (495) (1,508)
Stock-based compensation 1,719 1,708
Intangible expenses 1,206 1,205
Other adjustments to reconcile net income to cash (used in) provided by operating activities 190 (293)
Originations of loans held for sale (61,508) (64,035)
Proceeds from the sale of loans held for sale 63,076 69,847
Contributions to pension and other postretirement benefit plans (133) (138)
(Increase) decrease in accrued interest receivable and other assets (3,089) 1,340
Increase (decrease) in accrued interest payable and other liabilities 814 (1,965)
Net cash provided by operating activities 36,476 32,604
Cash flows from investing activities:    
Net capital expenditures (1,347) (4,622)
Proceeds from maturities, calls and principal repayments of securities held-to-maturity 4,253 10,595
Proceeds from maturities, calls and principal repayments of securities available-for-sale 34,824 29,603
Proceeds from sales of securities available-for-sale 1,010 3,032
Purchases of investment securities held-to-maturity (45,349) (29,498)
Purchases of investment securities available-for-sale (1,485) (8,476)
Proceeds from sales of money market mutual funds 10,706 12,020
Purchases of money market mutual funds (6,284) (16,768)
Net increase in other investments (5,564) (6,637)
Net increase in loans and leases (211,534) (225,682)
Net decrease (increase) in interest-earning deposits 10,154 (3,168)
Proceeds from sales of other real estate owned 21 3,612
Purchases of bank owned life insurance (776) 0
Proceeds from bank owned life insurance 1,374 2,916
Net cash used in investing activities (209,997) (233,073)
Cash flows from financing activities:    
Net increase in deposits 65,963 90,796
Net increase in short-term borrowings 126,422 35,555
Proceeds from issuance of long-term debt 0 95,000
Repayment of long-term debt 0 5,000
Payment of contingent consideration on acquisitions (67) (5,317)
Purchases of treasury stock (1,259) (2,422)
Stock issued under dividend reinvestment and employee stock purchase plans 1,173 1,229
Proceeds from exercise of stock options 711 1,328
Cash dividends paid (11,734) (10,636)
Net cash provided by financing activities 181,209 200,533
Net increase in cash and due from banks 7,688 64
Cash and due from banks at beginning of year 46,721 48,757
Cash and due from banks at end of period 54,409 48,821
Supplemental disclosures of cash flow information:    
Cash paid for interest 13,190 9,685
Cash paid for income taxes, net of refunds 1,060 5,942
Non cash transactions:    
Transfer of loans to other real estate owned $ 402 $ 653
[1] (1)Net interest income as well as many other revenues for financial assets and liabilities including loans, leases, securities, and derivatives are excluded from the scope of the standard. Noninterest income streams that are out-of-scope of the standard include bank owned life insurance income, sales of investment securities and mortgage banking activities.