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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 84,337,000 $ 87,047,000 $ 80,411,000
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 6,042,000 5,930,000 5,654,000
Provision for loan losses 14,770,000 3,235,000 6,400,000
Net loss on sale and write down of other real estate owned 0 0 16,000
Amortization of loan servicing rights 772,000 528,000 503,000
Net change in loan servicing rights valuation allowance 715,000 0 0
Loans originated for sale (117,600,000) (66,008,000) (49,816,000)
Net gain on sales of loans (4,510,000) (2,043,000) (1,713,000)
Proceeds from sale of loans 114,244,000 64,820,000 51,715,000
Net (gain) loss on sale of premises and equipment 86,000 (3,000) 1,000
Net (gain) loss on sales and calls of securities available-for-sale (433,000) (142,000) 50,000
Net amortization of available -for-sale securities 3,998,000 3,947,000 3,177,000
Stock based compensation expense 1,790,000 4,187,000 5,608,000
Earnings on life insurance (2,105,000) (1,890,000) (1,244,000)
Gain on life insurance (730,000) (841,000) (206,000)
Tax benefit of stock award issuances (71,000) (529,000) (761,000)
Net change:      
Interest receivable and other assets (6,315,000) (4,733,000) (3,301,000)
Interest payable and other liabilities (7,762,000) 6,534,000 8,481,000
Total adjustments 2,891,000 12,992,000 24,564,000
Net cash from operating activities 87,228,000 100,039,000 104,975,000
Cash flows from investing activities:      
Proceeds from sale of securities available-for-sale 8,018,000 57,114,000 15,302,000
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 97,998,000 67,818,000 53,817,000
Purchases of securities available-for-sale (216,478,000) (129,453,000) (126,551,000)
Purchase of life insurance (10,409,000) (5,552,000) (423,000)
Net increase in total loans (587,377,000) (152,119,000) (101,670,000)
Proceeds from sales of land, premises and equipment 658,000 14,000 461,000
Purchases of land, premises and equipment (5,719,000) (7,998,000) (7,968,000)
Proceeds from sales of other real estate owned 0 0 21,000
Proceeds from life insurance 1,285,000 1,483,000 569,000
Net cash from investing activities (712,024,000) (168,693,000) (166,442,000)
Cash flows from financing activities:      
Net increase in total deposits 902,986,000 89,754,000 35,410,000
Net increase (decrease) in short-term borrowings 10,500,000 (75,555,000) 174,903,000
Payments on short-term FHLB borrowings (170,000,000) 0 (80,000,000)
Payments on long-term FHLB borrowings 0 0 (30,000)
Proceeds from long-term FHLB borrowings 75,000,000 0 0
Payments on subordinated debentures 0 (30,928,000) 0
Common dividends paid (30,566,000) (29,639,000) (25,278,000)
Preferred dividends paid (13,000) (13,000) (13,000)
Payments related to equity incentive plan (2,137,000) (2,109,000) (2,435,000)
Purchase of treasury stock (10,547,000) (515,000) (463,000)
Sales of treasury stock 119,000 118,000 115,000
Net cash from financing activities 775,342,000 (48,887,000) 102,209,000
Net change in cash and cash equivalents 150,546,000 (117,541,000) 40,742,000
Cash and cash equivalents at beginning of the year 99,381,000 216,922,000 176,180,000
Cash and cash equivalents at end of the year 249,927,000 99,381,000 216,922,000
Cash paid during the period for:      
Interest 35,740,000 58,964,000 43,606,000
Income taxes 19,335,000 21,035,000 19,033,000
Supplemental non-cash disclosures:      
Loans transferred to other real estate owned 35,000 0 316,000
Property transferred to held for sale 0 0 221,000
Right-of-use assets obtained in exchange for lease liabilities $ 0 $ 5,483,000 $ 0