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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 16,037 $ 14,277
Provision (credit) for loan and lease losses 1,283 (211)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 1,540 1,599
Noncash lease expense 79 0
Cash flows from operating leases (1,549) 0
Gain or loss on sale of other real estate, net of write-downs 138 256
Amortization of core deposit premium and mortgage servicing rights 471 1,126
Net amortization and accretion of premium/discounts on investment securities 2,211 2,922
Share-based compensation expense 498 399
Net gain on sales of residential mortgage loans (611) (972)
Proceeds from sales of loans held for sale 31,877 64,106
Originations of loans held for sale (28,158) (54,290)
Equity in earnings of unconsolidated subsidiaries (8) (43)
Distributions from unconsolidated subsidiaries 82 539
Net increase in cash surrender value of bank-owned life insurance (952) (318)
Deferred income taxes 5,013 3,734
Net tax benefits from share-based compensation 105 72
Net change in other assets and liabilities (2,173) (3,312)
Net cash provided by operating activities 25,883 29,884
Cash flows from investing activities:    
Proceeds from maturities of and calls on investment securities available-for-sale 43,093 40,039
Purchases of investment securities available-for-sale 0 (85,240)
Proceeds from maturities of and calls on investment securities held-to-maturity 0 14,545
Proceeds from sale of MasterCard stock 2,555 0
Net loan proceeds (originations) (6,851) (46,144)
Purchases of loan portfolios (18,286) 0
Proceeds from sale of foreclosed loans/other real estate owned 0 40
Net purchases of premises and equipment (782) (687)
Net return of capital from unconsolidated subsidiaries 622 0
Net (purchases of) proceeds from redemption of FHLB stock 500 (1,246)
Net cash used in investing activities 20,851 (78,693)
Cash flows from financing activities:    
Net increase in deposits 1,638 24,077
Repayments of long-term debt (20,619) 0
Net increase (decrease) in short-term borrowings (18,000) 24,000
Cash dividends paid on common stock (6,052) (5,670)
Repurchases of common stock and other related costs (7,708) (10,111)
Net cash provided by financing activities (50,741) 32,296
Net increase (decrease) in cash and cash equivalents (4,007) (16,513)
Cash and cash equivalents at beginning of period 102,186 82,293
Cash and cash equivalents at end of period 98,179 65,780
Cash paid during the period for    
Interest 8,402 4,877
Income taxes 0 22
Net reclassification of loans to foreclosed loans/other real estate owned 0 40
Net transfer of investment securities held to maturity to available for sale 149,042 0
Right-of-use lease assets obtained in exchange for lease liabilities $ 55,887 $ 0