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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 52,084 $ 46,367 $ 43,805
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 4,229 3,758 3,412
Provision for loan losses 1,150 0 0
(Gain) Loss on sale and write down of other real estate owned 17 (48) (159)
Amortization of loan servicing rights 598 553 526
Loans originated for sale (70,724) (69,302) (55,107)
Net gain on sales of loans (2,047) (1,650) (1,202)
Proceeds from sale of loans 69,418 68,557 56,065
Net loss on sale of premises and equipment 160 7 24
Net (gain) loss on sales and calls of securities available for sale (66) (42) 224
Net securities amortization 2,860 4,464 5,420
Stock based compensation expense 4,210 2,535 2,803
Earnings on life insurance (1,392) (1,338) (1,393)
Tax benefit of stock option exercises (669) (148) (50)
Net change:      
Interest receivable and other assets (1,386) (398) (2,687)
Interest payable and other liabilities 3,757 2,466 2,700
Total adjustments 10,115 9,414 10,576
Net cash from operating activities 62,199 55,781 54,381
Cash flows from investing activities:      
Proceeds from sale of securities available for sale 12,095 7,787 13,766
Proceeds from maturities, calls and principal paydowns of securities available for sale 69,343 74,679 57,970
Purchases of securities available for sale (116,196) (91,810) (73,361)
Purchase of life insurance (3,390) (2,629) (3,181)
Proceeds from loans sold to others 0 0 4,307
Net increase in total loans (391,145) (322,114) (235,165)
Proceeds from sales of land, premises and equipment 28 701 232
Purchases of land, premises and equipment (9,825) (9,167) (6,565)
Proceeds from redemption of Federal Home Loan Bank stock 0 1,745 1,319
Purchase of Federal Home Loan Bank Stock (3,854) 0 0
Proceeds from sales of other real estate owned 136 963 1,426
Proceeds from life insurance 360 738 778
Net cash from investing activities (442,448) (339,107) (238,474)
Cash flows from financing activities:      
Net increase/(decrease) in total deposits 394,491 310,301 327,052
Net increase/(decrease) in short-term borrowings 90,423 (20,785) (101,469)
Payments on long-term borrowings (2) (1) (2)
Common dividends paid (18,200) (15,697) (13,555)
Preferred dividends paid (13) (13) (13)
Proceeds related to equity incentive plans 614 12 57
Purchase of treasury stock (458) (455) (444)
Net cash from financing activities 466,855 273,362 211,626
Net change in cash and cash equivalents 86,606 (9,964) 27,533
Cash and cash equivalents at beginning of the year 80,674 90,638 63,105
Cash and cash equivalents at end of the year 167,280 80,674 90,638
Cash paid during the year for:      
Interest 18,567 15,786 14,957
Income taxes 21,613 21,566 21,185
Supplemental non-cash disclosures:      
Loans transferred to other real estate owned 105 853 1,101
Securities Purchase Not Settled 1,459 0 0
Property transferred to held for sale $ 0 $ 0 $ 249