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Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
6 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME $ 33,083 $ 31,093
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of premiums, discounts and deferred loan fees and costs 1,145 2,022
Depreciation and amortization 4,262 2,693
Amortization of intangible assets 605 310
Amortization of operating lease right-of-use assets 1,293  
Provision for loan losses 508 2,776
Loans originated for sale (19,791) (22,018)
Proceeds from sales of loans held for sale 21,425 21,328
Change in market value of equity securities (453) (33)
Gains on sales of loans held for sale (799) (546)
Losses (gains) on other real estate and other repossessed assets 90 (46)
Losses on sales of premises and equipment 165 0
Stock-based compensation 1,264 1,459
Excess tax benefits 140 313
Increase in other assets (13,053) (1,354)
Increase in other liabilities 10,049 5,900
NET CASH PROVIDED BY OPERATING ACTIVITIES 39,933 43,897
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash acquired in acquisitions 13,454 0
Proceeds from repayments and maturities of available for sale securities 64,505 43,026
Proceeds from repayments and maturities of held to maturity securities 13,335 13,720
Proceeds from sales of equity securities 1,153 1,734
Purchase of available for sale securities (56,358)  
Purchase of available for sale securities   (32,800)
Purchase of held to maturity securities (18,897) (33,235)
Purchase of equity securities (161) (409)
Proceeds from redemptions of Federal Home Loan Bank stock 51,576 2,939
Purchases of Federal Home Loan Bank stock (60,150) (6,598)
Net increase in loans (41,280) (128,718)
Proceeds from sales of other real estate and repossessed assets 310 918
Proceeds from dispositions and sales of premises and equipment 1,794 0
Purchases of premises and equipment (2,593) (2,746)
NET CASH USED IN INVESTING ACTIVITIES (33,312) (142,169)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 52,785 31,504
Increase in federal funds purchased and securities sold under agreements to repurchase 24,798 72,934
Proceeds from other borrowings 46,260 39,437
Repayments of other borrowings (79,353) (35,000)
Exercise of stock options 0 307
Retirement of restricted stock (616) (744)
Dividends paid (12,195) (10,287)
NET CASH PROVIDED BY FINANCING ACTIVITIES 31,679 98,151
Net increase (decrease) in cash and cash equivalents 38,300 (121)
Cash and cash equivalents, beginning of period 208,599 142,933
CASH AND CASH EQUIVALENTS, END OF PERIOD 246,899 142,812
Supplemental schedule of non-cash investing and financing activities:    
Cash paid during the period for income taxes 8,637 2,909
Cash paid during the period for interest 29,118 16,153
Transfer of loans into other repossessed assets and other real estate owned 102 2,214
Initial recognition of operating lease right-of-use assets 18,598  
Initial recognition of operating lease liabilities 20,175  
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 426,118 0
Goodwill and other intangible assets, net 23,125 0
Other assets 9,304 0
Total non-cash assets acquired 483,048 0
Deposits 409,638 0
Other borrowings 40,957 0
Other liabilities 2,490 0
Total liabilities assumed 453,085 0
Common stock issued $ 43,417 $ 0