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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 $ 49,029 $ 47,599
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 7,854 11,817
Net increase (decrease) in provision for unfunded loan commitments 208 (114)
Net depreciation, amortization and accretion 2,872 2,174
Net amortization of discounts and premiums on securities 1,562 1,572
Stock-based compensation expense 980 779
Gain on the sale of mortgage loans, net (683) (683)
Gain on the sale of majority interest of insurance business 0 (1,873)
Mortgage loans originated for sale (38,720) (41,631)
Proceeds from the sale of mortgage loans 33,639 42,998
Net change in:    
Interest receivable (1,235) (520)
Interest payable (1,582) 699
Other assets (11,006) (853)
Other liabilities 15,978 2,529
Net Cash Provided by Operating Activities 58,896 64,493
INVESTING ACTIVITIES    
Purchases of securities (9,438) (54,481)
Proceeds from maturities, prepayments and calls of securities 40,260 45,487
Net proceeds from sales (purchases) of Federal Home Loan Bank stock 6,944  
Net proceeds from sales (purchases) of Federal Home Loan Bank stock   (6,512)
Net increase in loans (95,691) (37,957)
Proceeds from sale of loans not originated for resale 465 3,922
Purchases of premises and equipment (2,559) (804)
Proceeds from the sale of premises and equipment 9 110
Proceeds from the sale of majority interest of insurance business 0 4,540
Net Cash Used in Investing Activities (60,010) (45,695)
FINANCING ACTIVITIES    
Net increase in core deposits 246,561 46,962
Net (decrease) in certificates of deposit (63,736) (81,255)
Net (decrease) in securities sold under repurchase agreements (4,229) (5,437)
Net (decrease) increase in short-term borrowings (175,000) 60,000
Repayments on long-term borrowings (523) (1,239)
Treasury shares issued-net (891) (657)
Cash dividends paid to common shareholders (18,559) (16,391)
Repurchase of common stock (15,122) 0
Net Cash (Used in) Provided by Financing Activities (31,499) 1,983
Net (decrease) increase in cash and cash equivalents (32,613) 20,781
Cash and cash equivalents at beginning of period 155,489 117,152
Cash and Cash Equivalents at End of Period 122,876 137,933
Supplemental Disclosures    
Loans transferred to held for sale 0 3,922
Leased right-of-use operating assets and lease liabilities added to the balance sheet 37,263  
Interest paid 38,612 23,576
Income taxes paid, net of refunds 4,557 11,103
Transfer net assets to investment in insurance company partnership 0 1,917
Transfers of loans to other real estate owned $ 215 $ 2,841