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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income $ 25,203 $ 20,991
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Stock-based compensation 404 130
Provision for loan losses 4,173 1,955
Accretion of acquisition discount on purchased loans (13,704) (13,145)
Depreciation 4,131 3,109
Amortization of core deposit intangible 2,723 1,592
Amortization of acquisition premium on time deposits (1,024) (1,874)
Net accretion of acquisition discount on long-term debt 179 232
Gain on mortgage loan commitments (1,200) (141)
Gain on sales of loans held for sale (9,012) (8,718)
Originations of loans held for sale (174,128) (140,721)
Proceeds from sales of loans held for sale 146,922 131,022
Increase in cash surrender value of bank-owned life insurance (1,320) (937)
Deferred income taxes 9,711 11,922
Change in deferred tax valuation allowance 148 0
Gain on sales of available for sale securities (194) (85)
Net amortization of premiums on available for sale securities 3,310 2,917
Net (gain) loss on disposal of foreclosed assets (274) (210)
Valuation adjustments on foreclosed assets 425 605
Change in assets and liabilities:    
Decrease (increase) in accrued interest receivable 1,236 (138)
Increase in other assets (6,785) (2,952)
(Decrease) increase in accrued interest payable (356) 23
Increase in other liabilities 2,570 850
Net cash provided by (used in) operating activities (6,862) 6,427
Cash flows from investing activities    
Purchases of investment securities available for sale (189,485) (40,897)
Proceeds from maturities and repayments of investment securities available for sale 115,844 40,187
Proceeds from sales of investment securities available for sale 180,616 19,169
Net loan (originations) principal collections (165,987) (49,556)
Net cash received in business combinations 45,143 0
Proceeds from (purchases of) trade accounts receivables, net 43,031 (25,112)
Purchases of premises and equipment (872) (935)
Disposals of premises and equipment 2,262 692
Proceeds from disposal of foreclosed assets 1,989 2,731
Redemptions (purchases) of Federal Home Loan Bank stock 1,137 (2,477)
Net cash provided by (used in) investing activities 33,678 (56,198)
Cash flows from financing activities    
Net increase (decrease) in deposits 39,204 (2,396)
Net increase in short-term borrowings 41,548 37,000
Net (decrease) increase in long-term debt (75,858) 34,869
Proceeds from exercise of stock options 1,010 120
Repurchase of preferred stock 0 (28,405)
Dividends paid on preferred stock 0 (821)
Dividends paid on common stock (24,102) 0
Net cash provided by (used in) financing activities (18,198) 40,367
Net change in cash and cash equivalents 8,618 (9,404)
Cash and cash equivalents, beginning of period 111,918 132,365
Cash and cash equivalents, end of period 120,536 122,961
SUPPLEMENTAL DISCLOSURES:    
Interest 14,801 11,071
Income taxes 4,100 0
Noncash investing activities:    
Transfers of loans to held for sale 42,347 0
Transfers of loans to foreclosed assets 3,947 3,782
Change in fair value of securities available for sale, net of tax 10,166 (1,294)
Change in fair value of cash flow hedge, net of tax (4,028) (407)
Acquisition:    
Assets acquired (excluding goodwill) 2,780,138 0
Liabilities assumed 2,534,830 0
Purchase price 431,336 0
Goodwill recorded $ 186,028 $ 0