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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Net cash provided by operating activities $ 2,557 $ 33,341
Investing activities:    
Purchases of investment securities available-for-sale (314,655) (65,584)
Purchases of investment securities held to maturity (6,464) 0
Proceeds from maturities, calls, sales and prepayments of investment securities available-for-sale 104,137 88,325
Proceeds from maturities and calls of investment securities held-to-maturity 4,185 8,349
Proceeds from redemption of FHLB stock 10,574 22,634
Purchases of FHLB stock 10,420 0
Loan originations, net of collections (269,464) (150,012)
Purchases of premises and equipment (2,205) (334)
Proceeds from sales of premises and equipment 0 26
Proceeds from sales of other assets 0 1,855
Proceeds from sales of OREO 2,050 964
Net cash used in investing activities (18,026) (93,777)
Financing activities:    
Net increase in deposits 90,560 102,845
Proceeds from stock options exercised 5 0
Tax effect of non-vested restricted stock (541) (395)
FHLB advance borrowings 0 95,000
Repayment of FHLB advances 0 (95,000)
Net cash provided by financing activities 90,024 102,450
Net increase in cash and cash equivalents 74,555 42,014
Cash and cash equivalents at beginning of period 77,805 83,089
Cash and cash equivalents at end of period 152,360 125,103
Supplemental disclosures of cash flow information:    
Interest paid 13,272 7,981
Taxes paid 608 891
Transfers of Property, Plant & Equipment to Other Assets 928 394
Loans transferred to OREO 367 1,558
Bank Of America, Branch Locations    
Investing activities:    
Net cash assumed in acquisition 456,611 0
Prime Pacific Financial Services    
Investing activities:    
Net cash assumed in acquisition $ 7,625 $ 0