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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 15,602 $ 9,298
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,677 2,235
Amortization of premiums and discounts on securities, net 1,838 2,385
Other amortization and accretion, net (429) (1,110)
Stock based compensation 2,540 1,807
Origination of loans designated for sale (117,379) (83,207)
Sale of loans designated for sale 113,527 88,760
Provision for loan losses 2,705 861
Deferred income taxes 7,338 4,886
Gains on sale of securities (21) (136)
Gains on sale of loans (3,078) (2,502)
Gains on sale of other real estate owned (212) (252)
Losses and writedowns on disposition of fixed assets 2,316 1,937
Changes in operating assets and liabilities, net of effects from acquired companies:    
Net decrease (increase) in other assets 1,347 (3,877)
Net (decrease) increase in other liabilities (2,634) 5,105
Net cash provided by operating activities 26,137 26,190
CASH FLOWS FROM INVESTING ACTIVITIES    
Maturity of securities available for sale 125,115 59,151
Maturity of securities held to maturity 42,883 15,584
Proceeds from sale of securities available for sale 3,820 12,211
Purchases of securities available for sale (142,062) (149,969)
Purchases of securities held to maturity (49,963) (213,766)
Maturity of time deposits with other banks 847 0
Net new loans and principal repayments (198,080) (129,832)
Proceeds from the sale of other real estate owned 3,324 4,207
Proceeds from sale of FHLB and Federal Reserve Bank stock 14,832 1,700
Purchase of FHLB and Federal Reserve Stock (15,012) (9,297)
Purchase of VISA Class B stock (6,180) 0
Net cash from bank acquisition 30,233 260,471
Additions to bank premises and equipment (2,979) (3,309)
Net cash used in investing activities (193,222) (152,849)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 166,863 5,421
Net increase (decrease) in federal funds purchased and repurchase agreements (36,644) 11,382
Net increase (decrease) in FHLB borrowings (20,000) 151,000
Early redemption of FHLB borrowings 0 (50,000)
Issuance of common stock, net of related expense 55,641 0
Stock based employee benefit plans (222) (409)
Dividends paid 0 0
Net cash provided by financing activities 165,638 117,394
Net decrease in cash and cash equivalents (1,447) (9,265)
Cash and cash equivalents at beginning of period 109,644 136,067
Cash and cash equivalents at end of period 108,197 126,802
Supplemental disclosure of non cash investing activities:    
Transfers from loans to other real estate owned 448 2,806
Transfers from bank premises to other real estate owned 1,212 3,175
Purchase of securities on trade date $ 63,926 $ 1,198