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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net Income $ 107,498 $ 55,165 $ 59,590
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 12,531 5,087 18,480
Deferred Income Taxes and Tax Credits 3,473 20,825 5,713
Depreciation and amortization 8,046 8,997 7,116
Net gains on securities and other assets (21,540) (9,942) (5,257)
Net amortization of premiums and discounts on securities 3,083 3,532 4,524
Income from increase in cash surrender value of bank owned life insurance (5,808) (5,699) (5,325)
Mortgage loans originated for sale (165,898) (164,212) (133,278)
Proceeds from Sale of Mortgage Loans Held-for-sale 177,287 163,125 136,037
Increase in interest receivable (2,561) (1,314) (577)
Increase (decrease) in interest payable 383 426 (272)
(Increase) decrease in income taxes payable (1,926) 1,318 (589)
Distribution from unconsolidated subsidiary 9,000 0 0
Other—net 11,695 10,997 3,111
Net cash provided by operating activities 135,263 88,305 89,273
Transactions with securities held to maturity:      
Proceeds from maturities and redemptions 47,614 51,239 54,057
Purchases (20,650) (102,420) (45,188)
Transactions with securities available for sale:      
Proceeds from sales 15,939 143,660 55,744
Proceeds from maturities and redemptions 140,707 148,561 168,237
Purchases (331,969) (150,892) (128,916)
Purchases of FHLB stock (52,107) (45,301) (37,326)
Proceeds from the redemption of FHLB stock 51,488 55,212 63,780
Proceeds from bank owned life insurance 2,140 898 467
Proceeds from the sale of loans 40,783 14,807 18,612
Proceeds from sales of other assets 4,477 5,568 7,765
Acquisition, net of cash acquired 705 3,188 479,469
Net increase in loans (237,276) (165,726) (135,436)
Purchases of premises and equipment (9,599) (11,591) (7,491)
Net cash (used in) provided by investing activities (347,748) (52,797) 493,774
Financing Activities      
Net increase (decrease) in federal funds purchased 11,000 0 (4,000)
Net increase (decrease) in other short-term borrowings 3,357 (160,477) (638,882)
Net increase in deposits 176,558 149,175 132,180
Repayments of other long-term debt (23,598) (588) (565)
Proceeds from Issuance of Long-term Debt 98,026 0 0
Repayments of Long-term Capital Lease Obligations 373 260 0
Dividends paid (34,849) (30,513) (24,907)
Proceeds from reissuance of treasury stock 208 228 216
Purchase of treasury stock (26,189) (1,458) (864)
Net cash provided by (used in) financing activities 204,140 (43,893) (536,822)
Net decrease in cash and cash equivalents (8,345) (8,385) 46,225
Cash and cash equivalents at January 1 107,292 115,677 69,452
Cash and cash equivalents at December 31 $ 98,947 $ 107,292 $ 115,677