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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income $ 55,517 $ 38,043 $ 41,027
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 2,705 2,550 3,000
Depreciation, amortization and accretion, net 5,782 13,640 11,142
Deferred income tax (benefit) expense (268) 3,971 276
Loss on sale of securities available for sale 232
Gain on sales of mortgage loans held for sale (1,443) (1,989) (2,482)
Origination of mortgage loans held for sale (71,807) (97,623) (123,347)
Proceeds from sale of mortgage loans held for sale 74,539 99,861 129,416
Bank owned life insurance income (1,129) (1,159) (871)
Gain on other investment activities (113) (92) (588)
Net realized gain on sale of OREO (102) (39) (409)
Loss on the disposal of premises and equipment 56 202
Stock-based compensation expense 4,027 2,892 2,473
Excess tax benefits from stock-based compensation arrangements (549) (1,463) (1,705)
Net change in accrued interest receivable and other assets (582) (13,848) (7,438)
Net change in accrued interest payable and other liabilities (744) 8,700 12,566
Net cash provided by operating activities 65,889 53,676 63,262
Investing activities      
Purchases of securities available for sale (768,407) (661,086) (478,798)
Proceeds from sale of securities available for sale 0 421 0
Proceeds from maturities and paydowns of securities available for sale 901,512 652,411 468,271
Purchase of Federal Home Loan Bank Stock (2,724) (2,254)
Proceeds from sale of Federal Home Loan Bank stock 955
Net increase in loans (137,835) (105,867) (275,718)
Purchases of premises and equipment (7,057) (2,786) (6,327)
Proceeds from disposal of equipment 230 66
Proceeds from mortality benefit of bank owned life insurance 977
Proceeds from sale of OREO 3,895 2,432 1,826
Other investment activities (1,184) 92 1,108
Net cash used in investing activities (11,570) (114,705) (289,572)
Financing activities      
Net change in deposits 216,061 57,747 148,846
Net change in securities sold under agreements to repurchase and federal funds purchased (185,484) 116,856 27,966
Proceeds from Federal Home Loan Bank advances 120,000 120,000 289,000
Repayments of Federal Home Loan Bank advances (121,281) (121,617) (281,393)
Proceeds (used for) and received from settlement of stock awards (154) (216) 2,337
Excess tax benefits from stock-based compensation arrangements 1,705
Common stock repurchases (2,004) (2,389) (1,918)
Cash dividends paid (21,766) (18,077) (16,093)
Net cash provided by financing activities 5,372 152,304 170,450
Net increase (decrease) in cash and cash equivalents 59,691 91,275 (55,860)
Cash and cash equivalents at beginning of period 139,248 47,973 103,833
Cash and cash equivalents at end of period 198,939 139,248 47,973
Supplemental cash flow information:      
Income tax payments 7,227 15,838 12,860
Cash paid for interest 14,827 7,158 4,901
Supplemental non-cash activity:      
Transfers from loans to foreclosed assets 2,170 1,916
Loans purchased not settled $ 4,992