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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net income $ 25,469 $ 21,917
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based and non-cash compensation 1,014 848
Depreciation 2,671 2,384
Amortization of intangible assets 2,094 1,515
Provision for loan losses 2,111 1,008
Provision for deferred income taxes 1,751 3,172
Amortization of security premiums and discounts, net 1,355 2,324
Accretion of premiums and discounts on time deposits and trust preferred securities, net (263) (12)
Accretion of premiums and discounts on portfolio loans, net (2,694) (3,398)
Amortization of discount on FHLB advances (4)  
Security loss (gain), net 175  
Unrealized losses recorded (216)  
Change in equity securities, net   350
Gain on sales of mortgage loans, net of origination costs (2,141) (2,093)
Mortgage loans originated for sale (83,950) (97,138)
Proceeds from sales of mortgage loans 93,463 165,045
Net losses on disposition of premises and equipment 24 52
Decrease in deferred compensation (3,339)  
Increase in cash surrender value of bank owned life insurance (884) (726)
Change in assets and liabilities:    
(Increase) decrease in other assets (3,121) 2,845
(Decrease) in other liabilities (3,427) (10,401)
Increase in interest payable 357 1,550
Increase in income taxes receivable 5,824 4,421
Net cash provided by operating activities 36,269 93,663
Cash Flows from Investing Activities    
Proceeds from sales of securities classified available for sale 141,798  
Proceeds from sales of securities classified equity 958  
Proceeds from maturities of securities classified available for sale 43,435 43,066
Proceeds from maturities of securities classified held to maturity 13,822 8,012
Purchase of securities classified available for sale (125,464) (2,164)
Purchase of securities classified held to maturity   (24,868)
Net increase in loans (72,655) (10,844)
Proceeds from sale of OREO properties 147 639
Purchases of premises and equipment (1,052) (4,508)
Proceeds from the redemption of FHLB stock, net   4,864
Net cash paid in acquisitions (49,387)  
Net cash (used in) provided by investing activities (48,398) 14,197
Cash Flows from Financing Activities    
Net increase (decrease) in certificates of deposit (25,958) 72,764
Net (decrease) increase in demand deposits, money market and savings accounts 100,960 132,493
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase (19,318) (69,255)
Repayment of FHLB advances, net (1,121)  
Repayment of short-term borrowings   (220,000)
Net proceeds from long-term debt 60,000  
Cash dividends paid (10,266) (9,739)
Repayments of long-term debt (1,500)  
Proceeds from stock options exercised   130
Common stock issuance costs (234)  
Net cash (used in) provided by financing activities 102,563 (93,607)
Net increase in cash and cash equivalents 90,434 14,253
Cash and cash equivalents, beginning of period 239,973 353,272
Cash and cash equivalents, ending of period 330,407 367,525
Cash payments for:    
Interest 14,876 7,325
Income taxes 690  
Non-cash Investing and Financing Activities:    
Other real estate acquired in settlement of loans 577 $ 348
Transfer of investment securities held to maturity to available for sale $ 573,639