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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 80,411 $ 57,330 $ 52,084
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 5,654 5,119 4,229
Provision for loan losses 6,400 3,000 1,150
Net loss on sale and write down of other real estate owned 16 12 17
Amortization of loan servicing rights 503 599 598
Loans originated for sale (49,816) (54,188) (69,998)
Net gain on sales of loans (1,713) (1,749) (2,047)
Proceeds from sale of loans 51,715 57,621 68,692
Net loss on sale of premises and equipment 1 79 160
Net (gain) loss on sales and calls of securities available for sale [1] 50 (32) [2] (66) [2]
Net securities amortization 3,177 3,114 2,860
Stock based compensation expense 5,608 5,698 4,210
Earnings on life insurance (1,244) (1,768) (1,392)
Gain on life insurance (206) 0 0
Tax benefit of stock award issuances (761) (964) (669)
Net change:      
Interest receivable and other assets (3,301) 787 (1,386)
Interest payable and other liabilities 8,481 2,584 3,757
Total adjustments 24,564 19,912 10,115
Net cash from operating activities 104,975 77,242 62,199
Cash flows from investing activities:      
Proceeds from sale of securities available for sale 15,302 40,877 12,095
Proceeds from maturities, calls and principal paydowns of securities available for sale 53,817 61,745 69,343
Purchases of securities available for sale (126,551) (139,252) (116,196)
Purchase of life insurance (423) (580) (3,390)
Net increase in total loans (101,670) (347,217) (391,145)
Proceeds from sales of land, premises and equipment 461 10 28
Purchases of land, premises and equipment (7,968) (9,582) (9,825)
Purchase of Federal Home Loan Bank Stock 0 (2,250) (3,854)
Proceeds from sales of other real estate owned 21 199 136
Proceeds from life insurance 569 0 360
Net cash from investing activities (166,442) (396,050) (442,448)
Cash flows from financing activities:      
Net increase in total deposits 35,410 430,743 394,491
Net increase/(decrease) in short-term borrowings 174,903 100,607 (19,577)
Proceeds on long-term borrowings 0 95,000 180,000
Payments on long-term borrowings (80,030) (275,002) (70,002)
Common dividends paid (25,278) (21,396) (18,200)
Preferred dividends paid (13) (13) (13)
Proceeds (Payments) related to equity incentive plans (2,435) (1,736) 614
Purchase of treasury stock (463) (495) (458)
Sales of treasury stock 115 0 0
Net cash from financing activities 102,209 327,708 466,855
Net change in cash and cash equivalents 40,742 8,900 86,606
Cash and cash equivalents at beginning of the year 176,180 167,280 80,674
Cash and cash equivalents at end of the year 216,922 176,180 167,280
Cash paid during the year for:      
Interest 43,606 29,171 18,567
Income taxes 19,033 29,120 21,613
Supplemental non-cash disclosures:      
Loans transferred to other real estate owned 316 88 105
Security purchased not settled 0 0 1,459
Property transferred to held for sale $ 221 $ 0 $ 0
[1] Not within scope of ASC 606
[2] The Company elected the modified retrospective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation. As a result of this new standard, the only revenue streams with changes in reporting in the current periods compared to the prior year comparable periods are loan and service fees and other income.