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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 23,268 $ 18,010
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,802 7,023
Provision for loan losses 4,263 3,641
Net amortization of premium on securities 5,823 7,226
Securities gains, net (1,441) (2,482)
Unrealized loss on equity securities, net 28 0
Stock based compensation 1,858 1,782
Loans originated for sale (112,433) (164,324)
Proceeds on sales of loans held for sale 135,506 180,404
Net gains on sale of loans held for sale (2,889) (3,828)
Decrease in accrued interest receivable 3,239 93
Decrease in prepaid expenses 194 84
Increase in accrued interest payable 1,029 825
Capitalization of servicing rights (1,183) (2,226)
Valuation allowance on commercial servicing rights 2 (5)
(Gain)/loss on sales/valuations of assets, net (197) 412
Net excess tax benefit from stock based compensation 611 888
Other, net (5,441) (13,767)
NET CASH PROVIDED BY OPERATING ACTIVITIES 59,039 33,756
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of securities available for sale 392,246 221,637
Proceeds from the redemption of time deposits in other financial institutions 8,767 5,867
Proceeds from the maturity of and principal paydowns on securities available for sale 49,603 47,515
Proceeds from the maturity of and principal paydowns on securities held to maturity 3,570 2,823
Proceeds from the maturity of and principal paydowns on time deposits in other financial institutions 4,368 3,185
Proceeds from the maturity of and principal paydowns on other investments 677 1,521
Purchase of securities available for sale (244,289) (312,769)
Purchase of other investments (644) (968)
Net (increase) decrease in loans (32,314) 80,916
Capital expenditures (2,356) (3,588)
Net cash and cash equivalents received in acquisitions 5,543 33,698
Proceeds from the sale of equipment 615 3
Proceeds on sale of OREO and other repossessed assets 668 585
NET CASH PROVIDED BY INVESTING ACTIVITIES 186,454 80,425
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits 5,834 22,799
Net increase in savings deposits 100,608 88,767
Net decrease in time deposit accounts (69,143) (50,612)
Proceeds on short-term revolving credit line 15,000 0
Net decrease in short-term borrowings (168,451) (131,068)
Proceeds from short term FHLB advances 220,000 60,939
Repayments of short term FHLB advances (260,000) (81,305)
Repayments of other borrowings (14,995) (6,432)
Purchase of treasury stock (97) (160)
Proceeds from issuance of common stock 14 218
Dividends paid (3,920) (2,900)
NET CASH USED BY FINANCING ACTIVITIES (175,150) (99,754)
Net increase in cash and cash equivalents 70,343 14,427
Cash and cash equivalents at beginning of year 196,003 158,724
CASH AND CASH EQUIVALENTS AT END OF PERIOD 266,346 173,151
Supplemental disclosures:    
Cash paid for income/franchise taxes 2 5
Cash paid for interest 8,601 6,698
Loans transferred to OREO 939 2,680
Purchases of securities available for sale, accrued, not settled 0 3,654
Conversion of convertible debt to common stock 0 167
Conversion of Series D preferred stock to common stock 0 419
Stock consideration granted for acquisitions $ 53,621 $ 22,589