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CONSOLIDATED STATEMENT 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 $ 29,202 $ 22,141 $ 5,696
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 5,076 3,773 3,268
Amortization of premiums and discounts on securities, net 7,559 3,920 2,353
Other amortization and accretion, net (2,238) (7,943) (256)
Stock based compensation 4,154 2,859 1,299
Origination of loans designated for sale (175,842) (206,199) (188,952)
Sale of loans designated for sale 184,508 194,279 190,706
Provision for loan losses 2,411 2,644 (3,486)
Deferred income taxes 14,206 12,888 4,222
Gain on sale of securities (368) (161) (469)
Gain on sale of loans (668) (702) (419)
Losses (gains) on sale and write-downs of other real estate owned (509) 239 310
Losses and write-downs on disposition of fixed assets 2,442 183 4,493
Changes in operating assets and liabilities, net of effects from acquired companies:      
Net change in other assets (14,107) (4,526) (315)
Net increase (decrease) in other liabilities 6,181 (406) 3,496
Net cash provided by operating activities 66,007 22,989 21,946
CASH FLOWS FROM INVESTING ACTIVITIES      
Maturities and repayments of securities available for sale 127,879 118,493 92,499
Maturities and repayments of securities held to maturity 48,705 28,629 16,138
Proceeds from sale of securities available for sale 40,421 60,314 21,527
Purchases of securities available for sale (297,719) (159,616) (280,137)
Purchases of securities held to maturity (218,654) (24,366) (65,340)
Net new loans and principal payments (390,354) (217,346) (154,772)
Proceeds from the sale of other real estate owned 7,952 5,758 4,066
Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank Stock 9,350 7,427 2,423
Purchase of Federal Home Loan Bank and Federal Reserve Bank Stock (28,857) (7,510) (6,425)
Purchase of bank owned life insurance (40,000) 0 (30,000)
Net cash from bank acquisitions 235,546 32,927 110,996
Additions to bank premises and equipment (6,054) (9,091) (6,083)
Net cash used in investing activities (511,785) (164,381) (295,108)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposits 27,320 240,086 93,446
Net increase (decrease) in federal funds purchased and repurchase agreements 32,196 16,707 (16,148)
Net increase (decrease) in FHLB borrowings, maturing in 30 days or less 415,000 (80,000) 80,000
Early redemption of FHLB borrowings (see Note I) (50,000) 0 0
Issuance of common stock, net of related expense 0 0 24,637
Stock based employee benefit plans (1,161) 127 142
Net cash provided by financing activities 423,355 176,920 182,077
Net increase (decrease) in cash and cash equivalents (26,423) 35,528 (91,085)
Cash and cash equivalents at beginning of year 136,067 100,539 191,624
Cash and cash equivalents at end of year 109,644 136,067 100,539
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 7,855 6,636 3,521
Cash paid during the period for income taxes 703 575 239
Supplemental disclosure of non cash investing activities:      
Transfers from loans to other real estate owned 3,009 4,946 4,789
Transfers from bank premises to other real estate owned $ 7,708 $ 309 $ 0