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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities    
Net income $ 31,649 $ 22,817
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based and non-cash compensation 1,133 792
Depreciation 3,862 3,218
Amortization of intangible assets 2,389 1,875
Provision for loan losses 1,000 2,100
Provision for deferred income taxes 2,031 (4,621)
Amortization of security premiums and discounts, net 2,543 3,722
Accretion of premiums and discounts on time deposits and trust preferred securities, net (198) (237)
Accretion of premiums and discounts on portfolio loans, net (3,270) (1,962)
Net security gains (853) (1,219)
Gain on sales of mortgage loans, net of origination costs (26,136) (3,604)
Mortgage loans originated for sale (758,338) (531,235)
Proceeds from sales of mortgage loans 866,635 446,662
Net (gains) losses on disposition of premises and equipment (56) 29
Increase in cash surrender value of bank owned life insurance (888) (678)
Change in assets and liabilities:    
Decrease in other assets 7,879 7,184
Increase (decrease) in other liabilities 4,839 (1,997)
Increase (decrease) in interest payable 396 (43)
Decrease (increase) in income taxes receivable 523 (700)
Net cash provided by (used in) operating activities before activities 135,140 (57,897)
Cash Flows from Investing Activities    
Proceeds from sales of securities classified available for sale 127,287 40,189
Proceeds from sales of securities classified held to maturity   399
Proceeds from maturities of securities classified available for sale 103,249 118,723
Proceeds from maturities of securities classified held to maturity 2,819 924
Purchase of securities classified available for sale (116,327) (70,686)
Purchase of securities classified held to maturity (164,803) (2,382)
Net (increase) decrease in portfolio loans (32,403) 76,883
Proceeds from disposition of premises and equipment 611 845
Proceeds from sale of other real estate owned ("OREO") properties 3,765 1,389
Purchases of premises and equipment (6,054) (4,682)
Net cash received in acquisitions   25,575
Proceeds from the redemption of Federal Home Loan Bank ("FHLB") stock 6,001 9,960
Purchase of FHLB stock   (9,288)
Net cash (used in) provided by investing activities (75,855) 187,849
Cash Flows from Financing Activities    
Net decrease in certificates of deposit (64,286) (71,071)
Net increase (decrease) in demand, money market and savings deposits 84,468 (61,280)
Net decrease in securities sold under agreements to repurchase (10,560) (22,086)
Repayment of short-term borrowings (25,000) (12,800)
Repayment of long-term debt   (4,906)
Net proceeds from issuance of senior debt 39,351  
Net proceeds from issuance of subordinated debt 59,022  
Cash dividends paid (13,764) (9,759)
Value of shares surrendered upon vesting to satisfy tax withholding obligations of stock-based compensation (1,259) (12)
Proceeds from stock options exercised 137  
Common stock issuance costs   (246)
Net cash provided by (used in) financing activities 68,109 (182,160)
Net increase (decrease) in cash and cash equivalents 127,394 (52,208)
Cash and cash equivalents, beginning of period 166,706 319,280
Cash and cash equivalents, ending of period 294,100 267,072
Cash Payments for:    
Interest 6,162 4,205
Income taxes 13,116 9,300
Non-cash investing and financing activities:    
Real estate acquired in settlement of loans $ 258 $ 1,343