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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 35,988 $ 27,305
Proceeds from Sale of Loans Held-for-sale 34,375 49,629
Originations of loans held for sale (43,145) (45,218)
Items not requiring (providing) cash:    
Depreciation 4,631 4,569
Amortization 1,059 1,296
Compensation expense for stock option grants 443 357
Provision for loan losses 3,550 3,900
Net gains on loan sales (623) (1,021)
Net realized gains on sales of available-for-sale securities (10) 0
Net losses on sale of premises and equipment 21 94
Net losses on sale/write-down of other real estate owned and repossessions 161 2,184
Accretion of deferred income, premiums, discounts and other (1,990) (1,287)
(Gain) loss on derivative interest rate products 68 (48)
Deferred income taxes 578 (6,544)
Changes In:    
Interest receivable (903) (111)
Prepaid expenses and other assets (2,031) 6,084
Accrued expenses and other liabilities 4,443 1,857
Income taxes refundable/payable 2,555 7,370
Net cash provided by operating activities 39,170 50,416
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in loans (83,072) (101,884)
Purchase of loans (45,240) (42,179)
Purchase of premises and equipment (6,708) (6,054)
Proceeds from sale of premises and equipment 113 23
Proceeds from sale of other real estate owned and repossessions 4,537 8,856
Capitalized costs on other real estate owned 0 (143)
Proceeds from sales of available-for-sale securities 28,057 0
Proceeds from maturities and calls of held-to-maturity securities 0 130
Proceeds from maturities and calls of available-for-sale securities 7,870 2,031
Principal reductions on mortgage-backed securities 7,402 10,530
Purchase of available-for-sale securities (94,558) (6,689)
Redemption (purchase) of Federal Home Loan Bank stock 1,345 (4,496)
Net cash used in investing activities (180,254) (139,875)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in certificates of deposit 139,518 13,616
Net increase (decrease) in checking and savings deposits 24,040 (13,655)
Proceeds from Federal Home Loan Bank advances 0 1,454,500
Repayments of Federal Home Loan Bank advances 0 (1,323,000)
Net decrease in short-term borrowings (30,710) (232)
Advances from borrowers for taxes and insurance 5,458 2,638
Dividends paid (19,674) (7,332)
Purchase of the Company's common stock (849) 0
Stock options exercised 1,931 1,156
Net cash provided by financing activities 119,714 127,691
INCREASES (DECREASES) IN CASH AND CASH EQUIVALENTS (21,370) 38,232
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 202,742 242,253
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 181,372 $ 280,485