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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 18,027 $ 7,926
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,568 1,341
Amortization of premiums and discounts on securities, net 742 1,056
Other amortization and accretion, net (406) 268
Stock based compensation 1,454 1,315
Origination of loans designated for sale (78,156) (47,149)
Sale of loans designated for sale 83,459 46,603
Provision for loan losses 1,085 1,304
Deferred income taxes 4,707 3,860
Gains on sale of loans (1,884) (815)
Losses (gains) on sale and write-downs of other real estate owned 1 (346)
Losses on disposition of fixed assets (4) 429
Changes in operating assets and liabilities, net of effects from acquired companies    
Net decrease in other assets 23,567 324
Net (decrease) increase in other liabilities (273) 647
Net cash provided by operating activities 53,887 16,763
CASH FLOWS FROM INVESTING ACTIVITIES    
Maturities and repayments of debt securities available for sale 27,296 54,783
Maturities and repayments of debt securities held to maturity 16,085 25,171
Purchases of debt securities available for sale (72,311) (11,116)
Purchases of debt securities held to maturity 0 (31,963)
Net new loans and principal repayments (84,063) (94,262)
Proceeds from the sale of other real estate owned 3,300 2,417
Proceeds from sale of FHLB and Federal Reserve Bank Stock 10,540 9,053
Purchase of FHLB and Federal Reserve Stock (13,027) (4,935)
Purchase of VISA Class B stock 0 (6,180)
Redemption of bank owned life insurance 4,232 0
Additions to bank premises and equipment (1,288) (1,697)
Net cash used in investing activities (109,236) (58,729)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 126,823 155,423
Net decrease in federal funds purchased and repurchase agreements (42,845) (21,095)
Net decrease in FHLB borrowings (3,000) (113,000)
Issuance of common stock, net of related expense 0 55,660
Stock based employee benefit plans 726 171
Dividends paid 0 0
Net cash provided by financing activities 81,704 77,159
Net increase in cash and cash equivalents 26,355 35,193
Cash and cash equivalents at beginning of period 109,504 109,644
Cash and cash equivalents at end of period 135,859 144,837
Supplemental disclosure of non cash investing activities:    
Transfers from loans to other real estate owned 3,919 0
Transfers from bank premises to other real estate owned $ 2,030 $ 0