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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net income $ 22,928 $ 26,163
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 5,649 2,472
Net increase (decrease) in unfunded loan commitments 35 (71)
Net depreciation, amortization and accretion 1,420 1,017
Net amortization of discounts and premiums on securities 776 796
Stock-based compensation expense 604 512
Mortgage loans originated for sale (14,506) (16,827)
Proceeds from the sale of mortgage loans 14,464 18,326
Gain on the sale of mortgage loans, net (293) (296)
Gain on the sale of majority interest of insurance business 0 (1,873)
Net (increase) decrease in interest receivable (1,963) 336
Net decrease in interest payable (789) (720)
Net (increase) decrease in other assets (3,466) 4,120
Net increase in other liabilities 5,600 3,836
Net Cash Provided by Operating Activities 30,459 37,791
INVESTING ACTIVITIES    
Purchases of securities (9,437) (27,565)
Proceeds from maturities, prepayments and calls of securities 20,193 22,104
Net proceeds from sales (purchases) of Federal Home Loan Bank stock 9,477  
Net proceeds from sales (purchases) of Federal Home Loan Bank stock   (499)
Net decrease in loans 4,760 27,717
Proceeds from sale of loans not originated for resale 465 2,060
Purchases of premises and equipment (1,757) (309)
Proceeds from the sale of premises and equipment 0 109
Proceeds from the sale of majority interest of insurance business 0 4,540
Net Cash Provided by Investing Activities 23,701 28,157
FINANCING ACTIVITIES    
Net increase in core deposits 170,744 14,793
Net decrease in certificates of deposit (11,241) (55,557)
Net increase (decrease) in securities sold under repurchase agreements 5,044 (5,544)
Net decrease in short-term borrowings (235,000) (15,000)
Proceeds from (repayments of) long-term borrowings 104  
Proceeds from (repayments of) long-term borrowings   (617)
Treasury shares issued-net (876) (657)
Cash dividends paid to common shareholders (9,317) (7,669)
Repurchase of common stock (12,287) 0
Net Cash Used in Financing Activities (92,829) (70,251)
Net decrease in cash and cash equivalents (38,669) (4,303)
Cash and cash equivalents at beginning of period 155,489 117,152
Cash and Cash Equivalents at End of Period 116,820 112,849
Supplemental Disclosures    
Loans transferred to held for sale 0 2,060
Leased right-of-use assets and lease liabilities added to the balance sheet 35,686  
Interest paid 19,023 11,817
Income taxes paid, net of refunds 1,432 108
Transfer net assets to investment in insurance company partnership 0 1,917
Transfers of loans to other real estate owned $ 80 $ 2,599