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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Cash Flows from Operating Activities          
Net income $ 9,936 $ 8,185 $ 17,697 $ 16,072  
Adjustments to reconcile net income to net cash provided by operating activities:          
Stock-based and non-cash compensation     592 479  
Depreciation     2,825 2,812  
Amortization of intangible assets 808 733 1,577 1,480  
Provision for loan losses     500 2,000  
Provision for deferred income taxes     (767) 7,415  
Amortization of security premiums and discounts, net     4,238 3,697  
Accretion of premiums and discounts on loans, net     (603)    
Net security losses (gains) 22 3 21 (40)  
Gain on sales of loans (1,868) (1,234) (3,294) (2,215)  
Net (gain) on disposition of premises and equipment     (6) (7)  
Premises and equipment impairment     670    
Increase in cash surrender value of bank owned life Insurance     (732) (78)  
Change in assets and liabilities:          
Decrease (increase) in other assets     894 (9)  
Decrease in other liabilities     (2,265) (3,943)  
Decrease in interest payable     (79) (107)  
Decrease (increase) in income taxes receivable     3,412 (1,505)  
Net cash provided by operating activities before activities for loans originated for sale     24,680 26,051  
Loans originated for sale     (160,203) (107,686)  
Proceeds from sales of loans     151,829 103,455  
Net cash provided by operating activities     16,306 21,820  
Cash Flows from Investing Activities          
Proceeds from sales of securities classified available for sale     11,781 62,245  
Proceeds from maturities of securities classified available for sale     114,842 105,049  
Proceeds from maturities of securities classified held to maturity     6 3  
Purchase of securities classified available for sale     (181,084) (164,707)  
Purchase of securities classified held to maturity     (1,643) (1,026)  
Net decrease(increase) in loans     19,968 (25,070)  
Proceeds from disposition of premises and equipment     15 7  
Proceeds from sale of other real estate owned ("OREO") properties     600 1,252 $ 2,739
Purchases of premises and equipment     (2,331) (1,548)  
Net cash received in acquisitions     12,114    
Net cash used in investing activities     (25,732) (23,795)  
Cash Flows from Financing Activities          
Net decrease in certificates of deposit     (44,301) (44,246)  
Net increase in demand, money market and savings deposits     37,292 36,636  
Cash dividends paid     (9,050) (8,176)  
Value of shares surrendered upon vesting of restricted stock units to cover tax obligations     (27) (25)  
Net decrease in securities sold under agreements to repurchase     (24,541) (31,785)  
Net cash used in financing activities     (40,627) (47,596)  
Net decrease in cash and due from banks     (50,053) (49,571)  
Cash and due from banks, beginning     339,438 231,603 231,603
Cash and due from banks, ending $ 289,385 $ 182,032 289,385 182,032 339,438
Cash Payments for:          
Interest     3,197 3,436  
Income taxes     5,770 2,563  
Non-cash investing and financing activities:          
Other real estate acquired in settlement of loans     $ 324 $ 609 $ 660