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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 36,916 $ 34,784
Provision (credit) for loan and lease losses (2,488) (2,872)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,768 4,493
Write down of other real estate, net of gain on sale (192) (251)
Amortization of core deposit premium and mortgage servicing rights 3,549 6,291
Net amortization of investment securities 8,960 9,326
Share-based compensation 1,120 1,360
Net loss on investment securities 1,640 0
Net gain on sales of residential loans (3,101) (5,523)
Proceeds from sales of loans held for sale 249,866 315,348
Originations of loans held for sale (225,712) (308,471)
Equity in earnings of unconsolidated subsidiaries (388) (456)
Net increase in cash surrender value of bank-owned life insurance (3,256) (2,772)
Deferred income taxes 19,984 18,790
Net tax benefits from share-based compensation 614 0
Net change in other assets and liabilities (15,701) (1,035)
Net cash provided by operating activities 76,579 69,012
Cash flows from investing activities:    
Proceeds from maturities of and calls on investment securities available for sale 128,588 140,258
Proceeds from sales of investment securities available for sale 96,019 0
Purchases of investment securities available for sale (333,242) (112,870)
Proceeds from maturities of and calls on investment securities held to maturity 19,455 22,335
Payments to Acquire Held-to-maturity Securities 0 1,644
Net loan proceeds (originations) (63,835) (152,906)
Purchases of loan portfolios (50,725) (77,702)
Proceeds from sale of other real estate 286 2,850
Proceeds from bank-owned life insurance 2,921 1,506
Purchases of premises and equipment (4,849) (3,574)
Net return of capital from unconsolidated subsidiaries 549 528
Contributions to unconsolidated subsidiaries (4) (5)
Net proceeds (purchases) from redemption of FHLB stock 5,088 (3,567)
Net cash used in investing activities (199,749) (184,791)
Cash flows from financing activities:    
Net increase in deposits 319,296 85,139
Net (decrease) increase in short-term borrowings (135,000) 81,000
Cash dividends paid on common stock (15,888) (13,695)
Repurchases of common stock and other related costs (21,304) (14,084)
Net proceeds from issuance of common stock and stock option exercises 0 599
Net cash provided by financing activities 147,104 138,959
Net increase in cash and cash equivalents 23,934 23,180
Cash and cash equivalents at beginning of period 84,341 80,194
Cash and cash equivalents at end of period 108,275 103,374
Cash received during the period for:    
Income taxes 9,097 6,261
Supplemental disclosure of non-cash investing and financing activities: 7,900 0
Net reclassification of loans to other real estate 154 1,428
Cash received during the period for:    
Income taxes 0 1,605
Supplemental disclosure of non-cash investing and financing activities:    
Net change in common stock held by directors’ deferred compensation plan $ 385 $ 537