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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 43,694 $ 36,916
Provision (credit) for loan and lease losses 262 (2,488)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 4,700 4,768
Gain or loss on sale of other real estate, net of write-downs 431 (192)
Amortization of core deposit premium and mortgage servicing rights 3,419 3,549
Net amortization and accretion of premium/discounts on investment securities 8,465 8,960
Share-based compensation expense 1,841 1,120
Net loss on sales of investment securities 0 1,640
Net gain on sales of residential mortgage loans (3,013) (3,101)
Proceeds from sales of loans held for sale 183,967 249,866
Originations of loans held for sale (169,078) (225,712)
Equity in earnings of unconsolidated subsidiaries (151) (388)
Net increase in cash surrender value of bank-owned life insurance (792) (3,256)
Deferred income taxes 12,201 19,984
Net tax benefits from share-based compensation 185 614
Net change in other assets and liabilities (7,925) (15,701)
Net cash provided by operating activities 78,206 76,579
Cash flows from investing activities:    
Proceeds from maturities of and calls on investment securities available-for-sale 114,508 128,588
Proceeds from sales of investment securities available-for-sale 0 96,019
Purchases of investment securities available-for-sale (85,334) (333,242)
Proceeds from maturities of and calls on investment securities held-to-maturity 38,491 19,455
Net loan proceeds (originations) (190,022) (63,835)
Purchases of loan portfolios (20,867) (50,725)
Proceeds from sale of foreclosed loans/other real estate owned 46 286
Proceeds from bank-owned life insurance 0 2,921
Net purchases of premises and equipment (2,536) (4,849)
Net return of capital from unconsolidated subsidiaries 614 549
Contributions to unconsolidated subsidiaries 0 4
Net (purchases of) proceeds from redemption of FHLB stock (3,204) 5,088
Net cash used in investing activities (148,304) (199,749)
Cash flows from financing activities:    
Net increase in deposits 47,326 319,296
Net increase (decrease) in short-term borrowings 73,000 (135,000)
Cash dividends paid on common stock (18,039) (15,888)
Repurchases of common stock and other related costs (24,763) (21,304)
Net cash provided by financing activities 77,524 147,104
Net increase (decrease) in cash and cash equivalents 7,426 23,934
Cash and cash equivalents at beginning of period 82,293 84,341
Cash and cash equivalents at end of period 89,719 108,275
Cash paid during the period for    
Interest 15,969 9,097
Income taxes 23 7,900
Net change in common stock held by directors deferred compensation plan 504 385
Net reclassification of loans to foreclosed loans/other real estate owned $ 40 $ 154