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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net income $ 7,800 $ 10,250
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Stock-based compensation 202 70
Provision for loan losses 1,875 961
Accretion of acquisition discount on purchased loans (5,712) (6,552)
Depreciation 1,773 1,564
Amortization of core deposit intangible 1,053 815
Amortization of acquisition premium on time deposits (553) (1,033)
Net accretion of acquisition discount on long-term debt 119 211
Gain on mortgage loan commitments (717) (294)
Gain on sales of loans held for sale (4,242) (3,594)
Originations of loans held for sale (93,595) (82,441)
Proceeds from sales of loans held for sale 104,965 73,918
Increase in cash surrender value of bank-owned life insurance (560) (472)
Deferred income taxes 7,328 5,846
Change in deferred tax valuation allowance 205 0
Gain on sales of available for sale securities (130) (1)
Net amortization of premiums on available for sale securities 1,186 1,345
Net (gain) loss on disposal of foreclosed assets (136) (58)
Valuation adjustments on foreclosed assets 0 166
Change in assets and liabilities:    
Decrease in accrued interest receivable 1,014 121
Increase in other assets (5,368) (6,260)
Decrease in accrued interest payable (1,150) (692)
Increase (decrease) in other liabilities 4,396 (2,127)
Net cash provided by (used in) operating activities 19,753 (8,257)
Cash flows from investing activities    
Purchases of investment securities available for sale (92,570) 0
Proceeds from maturities and repayments of investment securities available for sale 36,080 17,181
Proceeds from sales of investment securities available for sale 142,489 197
Loan originations and principal collections, net (70,020) (9,897)
Net cash received in business combinations 45,143 0
Purchases of trade accounts receivable, net (4,487) (17,308)
Purchases of premises and equipment (264) (484)
Disposals of premises and equipment 766 616
Proceeds from disposal of foreclosed assets 1,535 718
Purchases of Federal Home Loan Bank stock 4,570 (778)
Net cash used in (provided by) investing activities 63,242 (9,755)
Cash flows from financing activities    
Net increase in deposits 49,859 (37,156)
Net change in short-term borrowings (104,592) 57,500
Repayments of long-term debt obligations (10,490) (25,676)
Proceeds from exercise of stock options 98 120
Dividends paid on preferred stock 0 (639)
Dividends paid on common stock (18,973) 0
Net cash used in financing activities (84,098) (5,851)
Net change in cash and cash equivalents (1,103) (23,863)
Cash and cash equivalents, beginning of period 111,918 132,365
Cash and cash equivalents, end of period 110,815 108,502
SUPPLEMENTAL DISCLOSURES:    
Interest 6,935 6,180
Income taxes 2,600 0
Noncash investing activities:    
Transfers of loans to foreclosed assets 3,247 362
Change in fair value of securities available for sale, net of tax 4,428 2,774
Change in fair value of cash flow hedge, net of tax (2,798) (2,558)
Acquisition:    
Assets acquired (excluding goodwill) 2,780,389 0
Liabilities assumed 2,534,612 0
Purchase price 431,336 0
Goodwill recorded $ 185,559 $ 0