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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income attributable to the Company $ 800 $ 19,442
Adjustments to arrive at net income:    
Net income attributable to noncontrolling interests 6 100
Net income before attribution to noncontrolling interests 806 19,542
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Depreciation and amortization 6,345 5,933
Net income attributable to noncontrolling interests (6) (100)
Stock compensation, net of cancellations 1,421 1,677
Provision/(credit) for loan losses 16,962 (1,426)
Loans originated for sale (15,324) (6,796)
Proceeds from sale of loans held for sale 15,127 9,401
Deferred income tax expense/(benefit) (5,731) (523)
Decrease/(increase) in right-of-use assets 3,179 3,817
Increase/(decrease) in operating lease liabilities (3,640) (4,102)
Net decrease/(increase) in other operating activities (27,617) (19,247)
Net cash provided by/(used in) operating activities (8,478) 8,176
Investment securities available-for-sale:    
Purchases (8,874) 0
Maturities, calls, redemptions, and principal payments 12,472 26,265
Investment securities held-to-maturity:    
Principal payments 2,730 2,860
Equity securities at fair value:    
Transfers out (19,713) (15,149)
Transfers in 15,443 21,886
(Investments)/distributions in trusts, net 569 853
Contingent considerations from divestitures 1,277 836
Redemption of Federal Home Loan Bank and Federal Reserve Bank stock   2,210
Purchase of Federal Home Loan Bank and Federal Reserve Bank stock (6,195)  
Net increase in portfolio loans (67,890) (34,670)
Proceeds from recoveries of loans previously charged off 180 492
Proceeds from sale of OREO 0 492
Capital expenditures (1,975) (750)
Net cash provided by/(used in) investing activities (71,976) 5,325
Cash flows from financing activities:    
Net increase/(decrease) in deposits (405,904) (1,325)
Net increase/(decrease) in securities sold under agreements to repurchase (8,079) 21,401
Net increase/(decrease) in federal funds purchased 145,000 (250,000)
Net increase/(decrease) in short-term Federal Home Loan Bank borrowings 115,000 10,000
Advances of long-term Federal Home Loan Bank borrowings 175,000 190,000
Repayments of long-term Federal Home Loan Bank borrowings (149,575) (5,074)
Dividends paid to common shareholders (10,000) (10,108)
Repurchase of common stock (12,807) 0
Proceeds from stock option exercises 55 50
Proceeds from issuance of common stock 920 980
Tax withholding for share based compensation awards (11) (155)
Distributions paid to noncontrolling interests (6) (100)
Other equity adjustments 96 (218)
Net cash provided by/(used in) financing activities (150,311) (44,549)
Net increase/(decrease) in cash and cash equivalents (230,765) (31,048)
Cash and cash equivalents at beginning of year 292,479 127,259
Cash and cash equivalents at end of period 61,714 96,211
Supplemental disclosure of cash flow items:    
Cash paid for interest 15,628 16,775
Cash paid for income taxes, (net of refunds received) 872 1,029
Change in unrealized gain/(loss) on available-for-sale securities, net of tax 14,489 11,568
Change in unrealized gain/(loss) on cash flow hedges, net of tax 0 (247)
Non-cash transactions:    
Loans charged off $ (528) $ (564)