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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME $ 15,626 $ 15,255
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of premiums, discounts and deferred loan fees and costs 497 1,250
Depreciation and amortization 2,138 1,323
Amortization of intangible assets 304 157
Amortization of operating lease right-of-use assets 652  
Provision for loan losses 508 1,284
Loans originated for sale (8,931) (8,473)
Proceeds from sales of loans held for sale 10,928 9,175
Change in market value of equity securities (353) 18
Gains on sales of loans held for sale (371) (246)
Gains on other real estate and other repossessed assets (36) (25)
Losses on sales of premises and equipment 85 0
Stock-based compensation 696 994
Excess tax benefits 131 298
Increase in other assets (2,590) (2,388)
Increase in other liabilities 959 1,262
NET CASH PROVIDED BY OPERATING ACTIVITIES 20,243 19,884
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash acquired in acquisitions 13,454 0
Proceeds from repayments and maturities of available for sale securities 42,074 20,928
Proceeds from repayments and maturities of held to maturity securities 4,153 5,820
Proceeds from sales of equity securities 1,138 0
Purchase of available for sale securities (36,085) (24,589)
Purchase of held to maturity securities (8,510) (18,461)
Purchase of equity securities (95) (326)
Proceeds from redemptions of Federal Home Loan Bank stock 25,792 688
Purchases of Federal Home Loan Bank stock (27,675) 0
Net increase in loans (38,506) (73,247)
Proceeds from sales of other real estate and repossessed assets 253 145
Proceeds from dispositions and sales of premises and equipment 953 0
Purchases of premises and equipment (1,793) (1,354)
NET CASH USED IN INVESTING ACTIVITIES (24,847) (90,396)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 34,545 79,339
Increase in federal funds purchased and securities sold under agreements to repurchase 27,361 1,549
Repayments of other borrowings (33,133) (15,000)
Exercise of stock options 0 248
Retirement of restricted stock (571) (744)
Dividends paid (5,838) (4,778)
NET CASH PROVIDED BY FINANCING ACTIVITIES 22,364 60,614
Net increase (decrease) in cash and cash equivalents 17,760 (9,898)
Cash and cash equivalents, beginning of period 208,599 142,933
CASH AND CASH EQUIVALENTS, END OF PERIOD 226,359 133,035
Supplemental schedule of non-cash investing and financing activities:    
Cash paid during the period for income taxes 230 2,046
Cash paid during the period for interest 13,001 6,716
Transfer of loans into other repossessed assets and other real estate owned 102 669
Initial recognition of operating lease right-of-use assets 19,239  
Initial recognition of operating lease liabilities 20,823  
Non-cash assets acquired:    
Federal Home Loan Bank stock 1,767 0
Investment securities available for sale 22,734 0
Loans, including loans held for sale 428,072 0
Goodwill and other intangible assets, net 21,448 0
Other assets 8,602 0
Total non-cash assets acquired 482,623 0
Deposits 409,638 0
Other borrowings 40,957 0
Other liabilities 2,065 0
Total liabilities assumed 452,660 0
Common stock issued and fair value of stock options converted to Lakeland Bancorp stock options $ 43,417 $ 0