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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Operating Activities          
Net Income $ 10,234 $ 9,616 [1] $ 20,310 $ 18,262  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for credit losses 1,401 2,852 1,980 3,724 $ 5,258
Depreciation and amortization expense     1,844 2,456  
Purchase accounting accretion, net     (1,487) (3,073)  
Investment securities amortization and accretion, net     1,551 1,405  
Stock-based compensation expense     816 1,042  
Amortization of intangible assets 472 476 944 952  
Net gain on sale of investment securities     0 (4)  
Net increase in other real estate owned valuation allowance and gain on disposition     60 152  
Originations of mortgage loans held for sale     (86,658) (107,026)  
Proceeds from the sale of mortgage loans     93,557 97,375  
Gain on sale of mortgage loans, net of origination costs     (2,656) (2,166)  
Decrease in other assets     2,561 6,509  
Increase (decrease) in other liabilities     1,167 (2,254)  
Net cash provided by operating activities     33,869 17,050  
Investing Activities          
Proceeds from maturities of available-for-sale securities     67,650 65,544  
Purchase of available-for-sale securities     (97,278) (98,728)  
Purchase of held-to-maturity securities     0 (9,718)  
Net increase in loans     (141,360) (93,709)  
Purchase of bank-owned life insurance, net of death benefit proceeds     0 (16,122)  
Purchase of Federal Home Loan Bank and Federal Reserve Bank stock     (7,058) (7,341)  
Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank stock     3,121 0  
Proceeds from the sale of other real estate owned     641 633  
Recoveries of previously charged-off loans     317 254  
Purchase of premises and equipment     (1,440) (866)  
Proceeds from the sale of premises and equipment     137 90  
Net cash used by investing activities     (175,270) (159,963)  
Financing Activities          
Net increase in deposits     112,501 47,605  
Net proceeds from borrowings less than 90 days     46,929 128,071  
Repayments on Federal Home Loan Bank long-term advances     0 (10,000)  
Repayments of wholesale repurchase agreements     (5,000) 0  
Exercise of stock options and issuance of restricted stock, net of repurchase for tax withholdings     (545) 377  
Cash dividends paid on common stock     7,158 6,185  
Net cash provided by financing activities     146,727 159,868  
Net increase in cash and cash equivalents     5,326 16,955  
Cash and cash equivalents at beginning of period     87,707 79,488 79,488
Cash and cash equivalents at end of period $ 93,033 $ 96,443 93,033 96,443 $ 87,707
Supplemental information          
Interest paid     9,740 7,800  
Income taxes paid     4,927 103  
Transfer from loans to other real estate owned     0 32  
SBM Financial, Inc. acquisition measurement-period adjustments     $ 0 $ 960  
[1] Share and per share amounts for the three and six months ended June 30, 2016 have been adjusted to reflect the three-for-two stock split effective September 30, 2016.