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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 25,614 $ 19,651
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Provision (recapture) for loan loss (1,388) 3,925
Depreciation 2,538 2,444
Deferred income tax provision 535 659
Amortization of intangibles 816 884
Valuation write downs on repossessed real estate and other assets 341  
Net realized gain on securities (27) (28)
Net realized gain on other securities (17) (17)
(Gain) loss on sale of repossessed real estate and other assets (271) 35
Gain on sale of loans held for sale (369) (350)
Gain on sale of loans (149) (315)
Gain on sale of premises and equipment (742) (10)
Net income on bank‑owned life insurance (1,120) (1,016)
Amortization of premiums on investment securities, net 965 925
Stock‑based compensation expense 56 35
Change in operating assets and liabilities:    
Net decrease in loans held for sale 516 1,185
Other assets (4,372) (1,208)
Other liabilities 4,088 2,414
Total adjustments 1,400 9,562
Net cash provided by operating activities 27,014 29,213
Activity in available for sale securities:    
Purchases (267,970) (287,586)
Proceeds from sales, calls, and maturities 240,802 241,865
Principal repayments 15,207 12,559
Activity in held to maturity securities:    
Principal repayments 1 1
Redemption of other investments 130 223
Purchase of other investments (158) (279)
Net increase in time deposits in other banks   (200)
Increase in loans, net (73,796) (88,361)
Loan participation sales 30,826 3,637
Loan participations purchased (4,091)  
Sale of U.S. Small Business Administration loans 2,173 3,490
Redemption of bank owned life insurance   367
Purchase of bank-owned life insurance (15,000)  
Proceeds from sale of repossessed other assets 958 170
Proceeds from sale of repossessed real estate 952 464
Purchases of premises and equipment (699) (1,929)
Sales of premises and equipment 2,977 9
Net cash used in investing activities (67,688) (115,570)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in noninterest-bearing deposits 26,330 (28,528)
Net increase (decrease) in interest‑bearing deposits (12,463) 74,393
Net decrease in securities sold under agreements to repurchase (104) (507)
Purchase of treasury stock   (11,079)
Proceeds from issuance of treasury stock for exercise of stock options 17 1,997
Repayment of note payable (3,322) (2,214)
Dividends paid on common stock (3,309) (3,314)
Net cash used in financing activities 7,149 30,748
NET DECREASE IN CASH AND CASH EQUIVALENTS (33,525) (55,609)
CASH AND CASH EQUIVALENTS, BEGINNING 382,103 434,901
CASH AND CASH EQUIVALENTS, ENDING $ 348,578 $ 379,292