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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES    
Net income $ 26,163 $ 18,188
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 2,472 5,183
Recovery for unfunded loan commitments (71) (458)
Net depreciation, amortization and accretion 1,017 369
Net amortization of discounts and premiums on securities 796 1,030
Stock-based compensation expense 512 1,002
Securities gains, net 0 (370)
Mortgage loans originated for sale (16,827) (15,694)
Proceeds from the sale of mortgage loans 18,326 16,575
Gain on the sale of mortgage loans, net (296) (193)
Gain on the sale of majority interest of insurance business (1,873) 0
Net (increase) decrease in interest receivable 336 (62)
Net decrease in interest payable (720) (435)
Net decrease in other assets 4,120 3,404
Net increase in other liabilities 3,836 1,768
Net Cash Provided by Operating Activities 37,791 30,307
INVESTING ACTIVITIES    
Purchases of securities (27,565) (36,604)
Proceeds from maturities, prepayments and calls of securities 22,104 16,942
Proceeds from sales of securities 0 582
Net (purchases) sales of Federal Home Loan Bank stock (499) 2,078
Net decrease (increase) in loans 27,717 (151,438)
Proceeds from sale of loans not originated for resale 2,060 2,657
Purchases of premises and equipment (309) (745)
Proceeds from the sale of premises and equipment 109 16
Proceeds from the sale of majority interest of insurance business 4,540 0
Net Cash Provided by (Used in) Investing Activities 28,157 (166,512)
FINANCING ACTIVITIES    
Net increase in core deposits 14,793 62,219
Net (decrease) increase in certificates of deposit (55,557) 100,799
Net decrease in securities sold under repurchase agreements (5,544) (3,845)
Net increase in short-term borrowings (15,000) (50,000)
Repayments of long-term borrowings (617) (595)
Treasury shares issued-net (657) (194)
Cash dividends paid to common shareholders (7,669) (6,960)
Net Cash (Used in) Provided by Financing Activities (70,251) 101,424
Net decrease in cash and cash equivalents (4,303) (34,781)
Cash and cash equivalents at beginning of period 117,152 139,486
Cash and Cash Equivalents at End of Period 112,849 104,705
Supplemental Disclosures    
Loans transferred to held for sale 2,060 0
Loans transferred to portfolio from held for sale 0 250
Interest paid 11,817 7,706
Income taxes paid, net of refunds 108 172
Transfer net assets to investment in insurance company partnership 1,917 0
Transfers to other real estate owned and other repossessed assets $ 2,599 $ 397