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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 14,277 $ 13,079
Provision (credit) for loan and lease losses (211) (80)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,599 1,537
Write down of other real estate, net of gain on sale 256 (162)
Amortization of core deposit premium and mortgage servicing rights 1,126 1,188
Net amortization and accretion of premium/discounts on investment securities 2,922 2,966
Share-based compensation 399 498
Net gain on sales of residential mortgage loans (972) (1,312)
Proceeds from sales of loans held for sale 64,106 86,663
Originations of loans held for sale (54,290) (63,375)
Equity in earnings of unconsolidated subsidiaries (43) (61)
Net increase in cash surrender value of bank-owned life insurance (318) (208)
Deferred income taxes 3,620 6,685
Net tax benefits from share-based compensation 72 125
Net change in other assets and liabilities (3,198) (2,373)
Net cash provided by operating activities 29,345 45,170
Cash flows from investing activities:    
Proceeds from maturities of and calls on investment securities available-for-sale 40,039 49,204
Purchases of investment securities available-for-sale (85,240) (107,512)
Proceeds from maturities of and calls on investment securities held-to-maturity 14,545 6,069
Net loan proceeds (originations) (46,144) 2,111
Purchases of loan portfolios 0 (24,121)
Proceeds from sale of foreclosed loans/other real estate owned 40 102
Proceeds from bank-owned life insurance 0 782
Purchases of premises and equipment (687) (1,582)
Net return of capital from unconsolidated subsidiaries 539 438
Net (purchases of) proceeds from redemption of FHLB stock (1,246) 4,239
Net cash used in investing activities (78,154) (70,270)
Cash flows from financing activities:    
Net increase in deposits 24,077 169,243
Net (decrease) increase in short-term borrowings 24,000 (114,000)
Cash dividends paid on common stock (5,670) (4,922)
Repurchases of common stock and other related costs (10,111) (3,529)
Net cash provided by financing activities 32,296 46,792
Net increase (decrease) in cash and cash equivalents (16,513) 21,692
Cash and cash equivalents at beginning of period 82,293 84,341
Cash and cash equivalents at end of period 65,780 106,033
Cash received during the period for:    
Income taxes 4,877 2,396
Supplemental disclosure of non-cash investing and financing activities: 22 0
Net reclassification of loans to foreclosed loans/other real estate owned $ 40 $ 0