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Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 13,466 $ 11,518
Proceeds from Sale of Loans Held-for-sale 22,807 23,848
Originations of loans held for sale (18,926) (27,567)
Items not requiring (providing) cash:    
Depreciation 2,226 2,352
Amortization 754 728
Compensation expense for stock option grants 177 137
Provision for loan losses 1,950 2,250
Net gains on loan sales (462) (872)
Net losses on sale of premises and equipment 38 8
Net Loss on Sale Write-Down of Other Real Estate Owned 389 (242)
Accretion of deferred income, premiums, discounts and other (707) (647)
Gain on derivative interest rate products (37) (7)
Deferred income taxes (6,355) (1,487)
Changes In:    
Interest receivable 194 843
Prepaid expenses and other assets 8,195 (919)
Accrued expenses and other liabilities 333 (809)
Income taxes refundable/payable 5,873 3,866
Net cash provided by operating activities 29,915 13,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in loans (29,488) 79,740
Purchase of loans (13,000) (41,035)
Cash Received from FDIC Loss Sharing Reimbursements 0 1,315
Purchase of premises and equipment (4,292) (1,710)
Proceeds from sale of premises and equipment 11 67
Proceeds from sale of other real estate owned and repossessions 4,320 9,230
Capitalized costs on other real estate owned 0 (117)
Proceeds from maturities and calls of available-for-sale securities 2,030 5,345
Principal reductions on mortgage-backed securities 4,810 5,257
Purchase of available-for-sale securities (1,859) 0
Redemption of Federal Home Loan Bank stock 504 6,294
Net cash provided by (used in) investing activities (36,964) 64,386
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in certificates of deposit (70,680) (19,265)
Net increase in checking and savings deposits 35,737 30,758
Proceeds from Federal Home Loan Bank advances 604,500 0
Repayments of Federal Home Loan Bank advances (598,000) (19)
Net increase (decrease) in short-term borrowings 14,339 (140,280)
Advances from borrowers for taxes and insurance 1,736 1,788
Dividends paid (3,381) (3,073)
Stock options exercised 527 1,005
Net cash used in financing activities (15,222) (129,086)
DECREASE IN CASH AND CASH EQUIVALENTS (22,271) (51,700)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 242,253 279,769
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 219,982 $ 228,069