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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 11,880 $ 10,391
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 775 653
Increase in valuation allowance, loans held-for-sale 2,600
Provision for loan losses 1,100 3,000
Amortization of intangibles 193 217
Net accretion of loans (590) (1,174)
Accretion on bank premises (23) (31)
Accretion on deposits (4) (75)
Accretion on borrowings (54) (86)
Stock-based compensation 389 755
Gains on sales of securities available-for-sale, net (1,596)
Gains on sale of loans held-for-sale, net (21) (35)
Gains on sale of fixed assets, net (8)
Loans originated for resale (2,105) (1,916)
Principal paydowns on loans held-for-sale 1,677
Proceeds from sale of loans held-for-sale 6,440 1,951
Net loss on sale of other real estate owned 82 115
Increase in cash surrender value of bank owned life insurance (704) (612)
Amortization of premiums and accretion of discounts on securities available-for-sale 489 417
Decrease (increase) in accrued interest receivable 264 (58)
Decrease (increase) in other assets 6,373 (7,137)
(Decrease) increase in other liabilities (664) 960
Net cash provided by operating activities 26,493 7,335
Securities available-for-sale:    
Purchases (49,912) (19,135)
Sales 29,543
Maturities, calls and principal repayments 21,383 24,295
Securities held-to-maturity:    
Purchases (1,000)
Maturities and principal repayments 5,439
Net (purchases) redemptions of restricted investment in bank stocks (675) 1,125
Net increase in loans (88,605) (164,130)
Proceeds from sales of fixed assets 8
Purchases of premises and equipment (936) (941)
Proceeds from sale of other real estate owned 544 738
Net cash used in investing activities (88,650) (153,609)
Cash flows from financing activities    
Net increase in deposits 11,210 102,180
Advances of Federal Home Loan Bank ("FHLB") borrowings 100,000 50,000
Repayments of FHLB borrowings (85,000) (75,000)
Cash dividends paid on common stock (2,403) (2,312)
Cash dividends paid on preferred stock (22)
Common stock issuance costs (180)
Redemption of preferred stock (11,250)
Proceeds from exercise of stock options 42
Net cash provided by financing activities 23,627 63,638
Net change in cash and cash equivalents (38,530) (82,636)
Cash and cash equivalents at beginning of period 200,399 200,895
Cash and cash equivalents at end of period 161,869 118,259
Cash payments for:    
Interest paid on deposits and borrowings 7,603 6,492
Income taxes 55 10,235
Noncash activities:    
Loans transferred to other real estate owned 580
Transfer of loans held-for-sale to loans held-to-maturity $ 7,159