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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 59,228 $ 51,493 $ 47,346
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,786 4,007 3,904
Deferred taxes (246) (3,090) 701
Stock-based compensation 710 636 458
Excess tax benefits of stock-based compensation 0 0 100
Provision for loan losses 6,167 7,521 7,872
Write-downs of other real estate owned and other repossessed assets 2,530 3,034 1,214
Gains on sale of loans held for sale (1,288) (1,320) (1,831)
Securities (gains) losses 85 (73) (522)
Gain on debt repurchase 0 (560) 0
Gains (losses) on sale of assets, net (175) 40 46
Proceeds from sale of mortgage loans held for sale 56,689 59,400 81,441
Funding of mortgage loans held for sale (56,829) (57,869) (79,682)
Amortization of securities premiums and discounts, net 4,679 3,437 2,452
Change in cash surrender value of bank owned life insurance (2,924) (1,473) (1,546)
Mortgage servicing rights:      
Fair value adjustments 343 361 324
New servicing assets created (466) (412) (521)
Changes in:      
Other assets (15,788) (4,412) (3,205)
Other liabilities 8,986 1,631 2,874
Net cash provided by operating activities 65,487 62,351 61,425
Certificates of deposit in other banks:      
Purchase of certificates of deposit 0 (11,760) 0
Maturity of certificates of deposit 5,880 2,940 2,852
Securities available-for-sale (AFS):      
Purchase of AFS securities (281,511) (231,680) (176,236)
Proceeds from sales of AFS securities 153,315 87,472 54,446
Proceeds from prepayments, calls, and maturities of AFS securities 109,701 159,584 104,302
Securities held-to-maturity (HTM):      
Proceeds from prepayments and maturities of HTM securities 10 207 795
Change in loans, net (93,151) (194,548) (74,379)
Purchase of premises and equipment (2,832) (2,400) (3,498)
Proceeds from sale and retirement of premises and equipment 97 25 10
Redemption of stock by Federal Home Loan Bank 3,214 0 0
Proceeds from sale of other real estate and repossessed assets 3,485 3,574 5,601
Proceeds from settlement of bank owned life insurance 1,202 0 0
Net cash used in investing activities (100,590) (186,586) (86,107)
Cash flows from financing activities:      
Change in deposits, net 42,087 182,555 100,526
Change in repurchase agreements and federal funds purchased, net (17,234) (4,755) 1,060
Advances from Federal Home Loan Bank 0 350,000 50,000
Payments on advances from Federal Home Loan Bank (409) (350,099) (150,112)
Repurchase of long-term debt 0 (1,440) 0
Issuance of common stock 1,230 1,513 2,985
Repurchase of common stock 0 0 (382)
Excess tax benefits of stock-based compensation 0 0 (100)
Dividends paid (24,395) (22,981) (22,190)
Net cash provided by (used in) financing activities 1,279 154,793 (18,213)
Net increase (decrease) in cash and cash equivalents (33,824) 30,558 (42,895)
Cash and cash equivalents at beginning of year 175,274 144,716 187,611
Cash and cash equivalents at end of year 141,450 175,274 144,716
Supplemental disclosures:      
Income taxes paid 9,700 21,400 19,244
Interest paid 28,621 17,266 13,426
Non-cash activities:      
Loans to facilitate the sale of other real estate owned and repossessed assets 4,385 2,679 3,964
Common stock dividends accrued, paid in subsequent quarter 221 205 209
Real estate acquired in settlement of loans $ 5,459 $ 5,235 $ 5,900