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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Cash Flows From Operating Activities          
Net income $ 23,859 $ 22,730 $ 46,144 $ 43,403  
Reconciliation of net income to net cash provided by operating activities:          
Provision (reversal) for loan losses (308) (710) 192 (4,369) $ (3,589)
Net security premium amortization     1,104 1,476  
Loan discount accretion     (3,149) (4,407)  
Other purchase accounting accretion and amortization, net     (18) (125)  
Foreclosed property (gains) losses and write-downs, net 381 99 626 387  
Other losses (gains)     226 (912)  
Increase in net deferred loan costs     (485) (955)  
Depreciation of premises and equipment     2,886 2,859  
Amortization of operating lease right-of-use assets     911 0  
Repayments of lease obligations     (1,198) 0  
Stock-based compensation expense     1,202 827  
Amortization of intangible assets 1,242 1,506 2,574 3,066  
Amortization of SBA servicing assets     621 351  
Fees/gains from sale of presold mortgages and SBA loans     (6,533) (8,055)  
Origination of presold mortgage loans in process of settlement     (53,390) (70,056)  
Proceeds from sales of presold mortgage loans in process of settlement     52,878 74,729  
Origination of SBA loans for sale     (91,323) (110,116)  
Proceeds from sales of SBA loans     73,313 88,811  
(Increase) decrease in accrued interest receivable     (905) 164  
Decrease (increase) in other assets     80 (14,988)  
Increase in accrued interest payable     282 416  
Decrease in other liabilities     (1,382) (7,504)  
Net cash provided (used) by operating activities     24,656 (4,998)  
Cash Flows From Investing Activities          
Purchases of securities available for sale     (256,609) (18,850)  
Proceeds from maturities/issuer calls of securities available for sale     82,952 17,835  
Proceeds from maturities/issuer calls of securities held to maturity     21,725 9,679  
Redemptions (purchases) of FRB and FHLB stock, net     4,207    
Redemptions (purchases) of FRB and FHLB stock, net       (6,099)  
Net increase in loans     (67,139) (73,471)  
Proceeds from sales of foreclosed properties     3,262 4,619  
Purchases of premises and equipment     (1,968) (1,959)  
Proceeds from sales of premises and equipment     240 2,579  
Net cash used by investing activities     (213,330) (65,667)  
Cash Flows From Financing Activities          
Net increase in deposits     183,823 146,882  
Net decrease in borrowings     (105,559) (558)  
Cash dividends paid – common stock     (6,542) (5,338)  
Net cash provided (used) by operating activities     (6,524) 0  
Proceeds from stock option exercises 129 216 129 324  
Stock withheld for payment of taxes     (91) 0  
Net cash provided by financing activities     65,236 141,310  
(Decrease) increase in cash and cash equivalents     (123,438) 70,645  
Cash and cash equivalents, beginning of period     462,898 489,490 489,490
Cash and cash equivalents, end of period $ 339,460 $ 560,135 339,460 560,135 $ 462,898
Cash paid (received) during the period for:          
Interest     16,705 9,641  
Income taxes     13,196 10,190  
Non-cash transactions:          
Unrealized gain (loss) on securities available for sale, net of taxes     13,510 (7,128)  
Foreclosed loans transferred to other real estate     1,555 $ 1,913  
Initial recognition of operating lease right-of-use assets     19,459    
Initial recognition of operating lease liabilities     $ 19,459