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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 28,501 $ 25,104
Provision (credit) for loan and lease losses 321 (2,362)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,177 3,150
Write down of other real estate, net of gain on sale 250 (165)
Amortization of core deposit premium and mortgage servicing rights 2,231 2,404
Net amortization and accretion of premium/discounts on investment securities 5,769 5,826
Share-based compensation 851 412
Net loss on sales of investment securities 0 1,640
Net gain on sales of residential mortgage loans (1,931) (2,396)
Proceeds from sales of loans held for sale 118,294 168,624
Originations of loans held for sale (109,123) (147,635)
Equity in earnings of unconsolidated subsidiaries (80) (212)
Net increase in cash surrender value of bank-owned life insurance (819) (2,170)
Deferred income taxes 7,348 13,648
Net tax benefits from share-based compensation 166 583
Net change in other assets and liabilities (5,274) (8,279)
Net cash provided by operating activities 49,681 58,172
Cash flows from investing activities:    
Proceeds from maturities of and calls on investment securities available-for-sale 78,401 86,372
Proceeds from sales of investment securities available-for-sale 0 96,019
Purchases of investment securities available-for-sale (85,313) (253,372)
Proceeds from maturities of and calls on investment securities held-to-maturity 33,319 12,715
Net loan proceeds (originations) (92,539) (17,715)
Purchases of loan portfolios (20,608) (50,725)
Proceeds from sale of foreclosed loans/other real estate owned 46 102
Proceeds from bank-owned life insurance 167 1,710
Net purchases of premises and equipment (1,833) (4,144)
Net return of capital from unconsolidated subsidiaries 578 455
Net (purchases of) proceeds from redemption of FHLB stock (2,485) 5,080
Net cash used in investing activities (90,267) (123,503)
Cash flows from financing activities:    
Net increase in deposits 22,745 278,181
Net (decrease) increase in short-term borrowings 55,000 (135,000)
Cash dividends paid on common stock (11,875) (10,432)
Repurchases of common stock and other related costs (18,082) (11,208)
Net cash provided by financing activities 47,788 121,541
Net increase (decrease) in cash and cash equivalents 7,202 56,210
Cash and cash equivalents at beginning of period 82,293 84,341
Cash and cash equivalents at end of period 89,495 140,551
Cash received during the period for:    
Income taxes 10,552 5,461
Supplemental disclosure of non-cash investing and financing activities: 22 4,000
Net reclassification of loans to foreclosed loans/other real estate owned $ 40 $ 154