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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income available to common shareholders $ 44,370 $ 38,590
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion and amortization, net 557 716
(Recovery of) provision for loan losses (1,449) (1,882)
Depreciation of premises and equipment 2,467 2,555
Deferred income tax expense 2,134 781
Net periodic employee benefit cost 386 342
Unrealized and realized investment securities gains, net (297) (772)
Stock-compensation expense 1,374 1,242
Excess tax benefit from stock-compensation expense (433) (154)
Proceeds from life insurance 2,211 210
Increase in value of bank-owned life insurance (2,148) (1,333)
Loans originated for sale (9,915) (5,869)
Proceeds from the sale of loans originated for sale 10,584 6,011
Gain on sale of loans (284) (163)
Change in accrued interest receivable (295) (125)
Change in other assets (7,010) (13,090)
Change in other liabilities 4,411 8,491
Net Cash Provided by Operating Activities 46,663 35,550
Investing Activities    
Net decrease (increase) in loans 68,403 (27,473)
Purchases (113,412) (53,279)
Proceeds from sales 31,597 0
Proceeds from maturities and calls 31,982 25,730
Securities Held-to-maturity: Proceeds from maturities and calls 7,427 4,362
Other investments: Purchases (9,365) (14,340)
Other investments: Proceeds from sales 11,857 10,742
Purchases of premises and equipment (3,017) (2,710)
Disposals of premises and equipment 116 510
Sale of Virginia Beach branch, net (24,661) 0
Net Cash Provided by (Used in) Investing Activities 927 (56,458)
Financing Activities    
Net increase in non-interest-bearing deposits 19,696 17,975
Net increase in interest-bearing deposits 62,574 88,169
Net (decrease) increase in short-term borrowings (54,878) 125,791
Purchases of treasury stock (12,109) (14,690)
Proceeds from exercise of stock options 365 968
Dividends paid (17,510) (14,289)
Net Cash (Used in) Provided by Financing Activities (1,862) 203,924
Increase in Cash and Cash Equivalents 45,728 183,016
Cash and cash equivalents at beginning of period 122,991 82,508
Cash and Cash Equivalents at End of Period $ 168,719 $ 265,524