CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income	$ 25,102	$ 44,125
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	34,621	4,219
Depreciation and amortization of premises and equipment	4,628	4,628
Non-cash lease expense	176	220
Cash flows from operating leases	(4,743)	(4,663)
Loss on sale of other real estate, net of write-downs	70	138
Amortization of mortgage servicing rights	4,558	1,727
Net amortization and accretion of premium/discounts on investment securities	7,127	6,808
Share-based compensation expense	2,725	1,728
Net gain on sales of residential mortgage loans	(9,971)	(2,836)
Proceeds from sales of loans held for sale	287,924	152,684
Originations of loans held for sale	(292,832)	(150,217)
Equity in earnings of unconsolidated subsidiaries	(234)	(165)
Distributions from unconsolidated subsidiaries	225	175
Net increase in cash surrender value of bank-owned life insurance	(2,253)	(1,499)
Deferred income taxes	(6,953)	7,548
Net tax (expense) benefit from share-based compensation	(157)	209
Net change in other assets and liabilities	(9,955)	(12,309)
Net cash provided by operating activities	40,410	52,484
Cash flows from investing activities:
Proceeds from maturities of and calls on investment securities available-for-sale	237,632	194,626
Proceeds from sales of investment securities available-for-sale	86,508	53,935
Purchases of investment securities available-for-sale	(351,701)	(54,975)
Proceeds from sale of MasterCard stock	0	2,555
Net loan originations	(546,954)	(214,834)
Purchases of loan portfolios	(39,876)	(78,820)
Proceeds from sale of foreclosed loans/other real estate owned	94	0
Proceeds from bank-owned life insurance	166	0
Net purchases of premises, equipment and land	(19,380)	(3,438)
Net return of capital from unconsolidated subsidiaries	0	622
Contributions to unconsolidated subsidiaries	(2,936)	0
Net proceeds from redemption of (purchases of) FHLB stock	(2,485)	(538)
Net cash used in investing activities	(638,932)	(100,867)
Cash flows from financing activities:
Net increase in deposits	558,906	91,169
Proceeds from long-term debt	65,944	0
Repayments of long-term debt	(65,944)	(20,619)
Net increase in short-term borrowings	56,000	8,000
Cash dividends paid on common stock	(19,453)	(19,189)
Repurchases of common stock and other related costs	(4,749)	(17,966)
Net cash provided by financing activities	590,704	41,395
Net decrease in cash and cash equivalents	(7,818)	(6,988)
Cash and cash equivalents at beginning of period	102,972	102,186
Cash and cash equivalents at end of period	95,154	95,198
Cash paid during the period for:
Interest	14,988	24,735
Income taxes	15,803	17,601
Cash received during the period for:
Income taxes	0	0
Net change in common stock held by directors’ deferred compensation plan	218	416
Net reclassification of loans to foreclosed loans/other real estate owned	128	190
Net transfer of loans to loans held for sale	6,565	0
Net transfer of investment securities held-to-maturity to available-for-sale	0	(149,042)
Right-of-use lease assets obtained in exchange for lease liabilities	$ 0	$ 55,887

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets, and the amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value.

No definition available.